Flooring Market Size & Share 2023 to 2032
Market Size by Product (Soft Coverings, Resilient Flooring, Non-resilient Flooring, Seamless Flooring), by Application (Residential, Commercial, Industrial) & Global Forecast.Download Free PDF
Report Content
Chapter 1 Methodology And Scope
1.1 Methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
1.1.4 Scope, definition and forecast parameters
1.2 Base estimation & working
1.2.1 North America
1.2.2 Europe
1.2.3 APAC
1.2.4 LATAM
1.2.5 MEA
1.3 Forecast calculations
1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid
1.4.2.2 Unpaid
Chapter 2 Executive Summary
2.1 Flooring industry 360° synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Flooring Industry Insights
3.1 Industry segmentation
3.2 Industry size and forecast, 2018 – 2032
3.2.1 Covid-19 impact on Industry size
3.3 Industry ecosystem analysis
3.3.1 Vendor Matrix
3.3.2 Distribution Channel Analysis
3.3.3 DIY
3.3.4 Retail
3.3.5 Raw material analysis
3.3.5.1 Covid-19 impact on raw material supply
3.4 Industry impact forces
3.4.1 Growth drivers
3.4.1.1 Rise in construction spending
3.4.1.2 Revival of construction industry in Europe
3.4.1.3 Rising construction activities in Middle East and North Africa
3.4.1.4 Rapid growth of urban population, changing lifestyle and activities
3.4.2 Industry pitfalls & challenges
3.4.2.1 Disposal of waste
3.5 Regulatory landscape
3.5.1 North America
3.5.1.1 U.S.
3.5.1.1.1 ADA Standards
3.5.1.1.2 ANSI Standards
3.5.1.1.3 1752: Floor Laying and Other Floor Work, Not Elsewhere Classified
3.5.2 Europe
3.5.2.1 Construction Products Directive(Council Directive 89/106/EEC) (CPD)
3.5.2.2 European Norm for Laminate Floor Coverings 16-EN 13329
3.5.3 APAC
3.5.3.1 General
3.5.3.2 Indoor design
3.5.3.3 Public Sectors
3.5.3.3.1 Stairs and Elevators
3.5.3.3.2 Corridor, Entrance and Exit
3.5.3.3.3 Garbage Chute
3.5.3.3.4 Basement and Semi-basement
3.5.3.3.5 Public Annex
3.6 Growth potential analysis
3.7 Regional price trends
3.7.1 Covid-19 impact on price trends
3.7.2 Cost structure analysis
3.7.2.1 R&D cost
3.7.2.2 Manufacturing & equipment cost
3.7.2.3 Raw material cost
3.7.2.4 Distribution cost
3.7.2.5 Operating cost
3.7.2.6 Miscellaneous cost
3.7.3 Pricing by application
3.7.4 COVID-19 impact on pricing
3.8 Porter’s analysis
3.8.1 Threat of new entrants
3.8.2 Supplier power
3.8.3 Buyer power
3.8.4 Industry rivalry
3.8.5 Threat of substitutes
3.9 PESTEL analysis
3.10 COVID-19 impact on flooring by application
3.10.1 Residential
3.10.2 Commercial
3.10.3 Industrial
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Market share analysis, 2022
4.3 Competitive analysis of key market players, 2022
4.4 Vendor adoption matrix
Chapter 5 Flooring Market, By Product
5.1 Global flooring market product insights
5.2 Soft coverings
5.2.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.2.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3 Resilient Flooring
5.3.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.3 LVT (Luxury Vinyl Flooring)
5.3.3.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.3.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.4 VCT (Vinyl Composite Tile)
5.3.4.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.4.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.5 Vinyl sheet
5.3.5.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.5.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.6 Fiberglass
5.3.6.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.6.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.7 Linoleum
5.3.7.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.7.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.8 Other resilient flooring
5.3.8.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.3.8.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.4 Non-resilient flooring
5.4.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.4.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.4.3 Ceramic flooring
5.4.3.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.4.3.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.4.4 Stone flooring
5.4.4.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.4.4.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.4.5 Wood & laminate
5.4.5.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.4.5.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.4.6 Seamless flooring
5.4.6.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
5.4.6.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
Chapter 6 Flooring Market, By Application
6.1 Global flooring market by application industry insights
6.2 Residential
6.2.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
6.2.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
6.3 Commercial
6.3.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
6.3.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
6.4 Industrial
6.4.1 Market estimates and forecasts, 2018 – 2032 (Billion Square Feet) (USD Billion)
6.4.2 Market estimates and forecast, by region, 2018 – 2032 (Billion Square Feet) (USD Billion)
Chapter 7 Flooring Market, By Region
7.1 Global flooring market region insights
7.2 North America
7.2.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.2.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.2.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.2.4 U.S.
7.2.4.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.2.4.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.2.4.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.2.5 Canada
7.2.5.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.2.5.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.2.5.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3 Europe
7.3.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.4 Germany
7.3.4.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.4.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.4.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.5 UK
7.3.5.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.5.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.5.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.6 France
7.3.6.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.6.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.6.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.7 Italy
7.3.7.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.7.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.7.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.8 Spain
7.3.8.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.8.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.8.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.9 Russia
7.3.9.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.9.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.9.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.10 Netherlands
7.3.10.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.10.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.10.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.11 Sweden
7.3.11.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.11.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.11.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.12 Poland
7.3.12.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.12.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.12.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.13 Belgium
7.3.13.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.13.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.13.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.14 Austria
7.3.14.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.14.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.3.14.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4 Asia Pacific
7.4.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.4 China
7.4.4.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.4.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.4.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.5 India
7.4.5.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.5.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.5.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.6 Japan
7.4.6.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.6.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.6.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.7 Australia
7.4.7.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.7.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.7.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.8 South Korea
7.4.8.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.8.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.4.8.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.5 Latin America (LATAM)
7.5.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.5.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.5.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.5.4 Brazil
7.5.4.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.5.4.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.5.4.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.5.5 Mexico
7.5.5.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.5.5.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.5.5.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.5.6 Argentina
7.5.6.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.5.6.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.5.6.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.6 Middle East & Africa (MEA)
7.6.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.6.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.6.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.6.4 South Africa
7.6.4.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.6.4.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.6.4.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.6.5 Saudi Arabia
7.6.5.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.6.5.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.6.5.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.6.6 UAE
7.6.6.1 Market estimates and forecast, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.6.6.2 Market estimates and forecast by product, 2018 – 2032 (Billion Square Feet) (USD Billion)
7.6.6.3 Market estimates and forecast by application, 2018 – 2032 (Billion Square Feet) (USD Billion)
Chapter 8 Company Profiles
8.1 Amtico
8.1.1 Business overview
8.1.2 Financial data
8.1.3 Structure landscape
8.1.4 SWOT analysis
8.1.5 Strategic outlook
8.2 Armstrong Floor
8.2.1 Business overview
8.2.2 Financial data
8.2.3 Structure landscape
8.2.4 SWOT analysis
8.2.5 Strategic outlook
8.3 Congoleum Corp.
8.3.1 Business overview
8.3.2 Financial data
8.3.3 Structure landscape
8.3.4 SWOT analysis
8.3.5 Strategic outlook
8.4 Forbo Flooring Systems
8.4.1 Business overview
8.4.2 Financial data
8.4.3 Structure landscape
8.4.4 SWOT analysis
8.4.5 Strategic outlook
8.5 Gerflor
8.5.1 Business overview
8.5.2 Financial data
8.5.3 Structure landscape
8.5.4 SWOT analysis
8.5.5 Strategic outlook
8.6 Interface Inc.
8.6.1 Business overview
8.6.2 Financial data
8.6.3 Structure landscape
8.6.4 SWOT analysis
8.6.5 Strategic outlook
8.7 Kingspan Group Public Ltd.
8.8.1 Business overview
8.8.2 Financial data
8.8.3 Structure landscape
8.8.4 SWOT analysis
8.8.5 Strategic outlook
8.8 Mannington Mill Inc.
8.8.1 Business overview
8.8.2 Financial data
8.8.3 Structure landscape
8.8.4 SWOT analysis
8.8.5 Strategic outlook
8.9 Mohawk Industries
8.9.1 Business overview
8.9.2 Financial data
8.9.3 Structure landscape
8.9.4 SWOT analysis
8.9.5 Strategic outlook
8.10 Polyflor Ltd.
8.10.1 Business overview
8.10.2 Financial data
8.10.3 Structure landscape
8.10.4 SWOT analysis
8.10.5 Strategic outlook
8.11 Pergo
8.11.1 Business overview
8.11.2 Financial data
8.11.3 Structure landscape
8.11.4 SWOT analysis
8.11.5 Strategic outlook
8.12 Shaw Floors
8.12.1 Business overview
8.12.2 Financial data
8.12.3 Structure landscape
8.12.4 SWOT analysis
8.12.5 Strategic outlook
8.13 Tarkett
8.13.1 Business overview
8.13.2 Financial data
8.13.3 Structure landscape
8.13.4 SWOT analysis
8.13.5 Strategic outlook
8.14 Beaulieu
8.14.1 Business overview
8.14.2 Financial data
8.14.3 Structure landscape
8.14.4 SWOT analysis
8.14.5 Strategic outlook
8.15 Balta
8.15.1 Business overview
8.15.2 Financial data
8.15.3 Structure landscape
8.15.4 SWOT analysis
8.15.5 Strategic outlook
8.16 Flowcrete
8.16.1 Business overview
8.16.2 Financial data
8.16.3 Structure landscape
8.16.4 SWOT analysis
8.16.5 Strategic outlook
8.17 Delconca
8.17.1 Business overview
8.17.2 Financial data
8.17.3 Structure landscape
8.17.4 SWOT analysis
8.17.5 Strategic outlook
8.18 Instarmac
8.18.1 Business overview
8.18.2 Financial data
8.18.3 Structure landscape
8.18.4 SWOT analysis
8.18.5 Strategic outlook
8.19 Parador
8.19.1 Business overview
8.19.2 Financial data
8.19.3 Structure landscape
8.19.4 SWOT analysis
8.19.5 Strategic outlook
8.20 Hyosung Swan Carpet
8.20.1 Business overview
8.20.2 Financial data
8.20.3 Structure landscape
8.20.4 SWOT analysis
8.21 The Dixie Group Inc.
8.21.1 Business overview
8.21.2 Financial data
8.21.3 Structure landscape
8.21.4 SWOT analysis
8.21.5 Strategic outlook
8.22 EGGER
8.22.1 Business overview
8.22.2 Financial data
8.22.3 Structure landscape
8.22.4 SWOT analysis
8.22.5 Strategic outlook
8.23 SWISS KRONO Holding AG
8.23.1 Business overview
8.23.2 Financial data
8.23.3 Structure landscape
8.23.4 SWOT analysis
8.23.5 Strategic outlook
8.24 Neuhofer
8.24.1 Business overview
8.24.2 Financial data
8.24.3 Structure landscape
8.24.4 SWOT analysis
8.24.5 Strategic outlook
8.25 Portobello SA
8.25.1 Business overview
8.25.2 Financial data
8.25.3 Structure landscape
8.25.4 SWOT analysis
8.25.5 Strategic outlook
8.26 Ceramica Almeida
8.26.1 Business overview
8.26.2 Financial data
8.26.3 Structure landscape
8.26.4 SWOT analysis
8.26.5 Strategic outlook
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Starting at: $2,450
Base Year: 2022
Companies covered: 26
Tables & Figures: 233
Countries covered: 22
Pages: 219
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Base Year: 2022
Companies covered: 26
Tables & Figures: 233
Countries covered: 22
Pages: 219
Download Free PDF
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Avinash Singh. 2022, November. Flooring Market Size By Product (Soft Coverings, Resilient Flooring, Non-resilient Flooring, Seamless Flooring), By Application (Residential, Commercial, Industrial) & Global Forecast, 2023 - 2032 (Report ID: GMI122). Global Market Insights Inc. Retrieved May 11, 2026, from https://www.gminsights.com/toc/details/flooring-market-size

Flooring Market
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Flooring Market Size
Flooring Market size exceeded USD 440 billion in 2022 and is anticipated to register 4% CAGR from 2023 to 2032.
Rising construction initiatives, supported by publicly funded infrastructural projects, have increased the flooring market demand. Furthermore, booming residential construction projects across developed economies have increased the value of global construction work. Strong household finances and shifts in household expenditure trends have increased the appeal of single-family dwellings.
As per Oxford Economics, construction spending accounted for 13% of the global GDP in 2020, which is anticipated to reach 13.5% by 2030. The global construction output is expected to surpass USD 13.3 trillion by 2025, wherein, the residential sector will play a critical role over a short period. For instance, home remodeling projects are gaining significant interest, boosting the need for critical components such as flooring products in construction applications.
It is anticipated that the negative impact of some flooring product debris on the health and environment may inhibit flooring market growth to a certain extent. Many of the flooring alternatives contain harmful chemicals, which can be a major source of indoor air pollution. Carpentry processes can release volatile organic compounds (VOCs) into the air. Additionally, most of the vinyl flooring is made using reprocessed plastic containing toxic phthalates. These factors may impede industry development to a certain extent.
Flooring Market Analysis
The non-resilient flooring industry is expected to be worth USD 470 billion by 2032. Factories often deploy heavy-duty equipment and machines which require hard surfaces such as concrete to provide reinforcement and stability at their bases. With industrialization growing at a staggering rate, the number of manufacturing facilities is expected to rise, augmenting the demand for hard non-resilient floorings.
The industrial flooring market is estimated to amass USD 33 billion by 2032. Flooring is an essential element in various industrial applications including aviation hangers, refineries, and manufacturing facilities. Growing government spending on manufacturing plants, in addition to swift industrialization, has thus augmented the demand for these floorings. Further, shifting consumer priorities towards chemical resistance flooring with high mechanical strength and enhanced finishing ability will also increase product acceptance.
The Asia Pacific flooring industry size is projected to attain 4.5% gains between 2023 and 2032. This is attributed to the speedy infrastructural improvement across developing economies such as India, Vietnam, and China. India is estimated to witness a substantial increase in construction expenditure and may potentially surpass China, which has the largest regional economy, over the forthcoming years. Additionally, India and China are anticipated to account for over 40% of the global construction output by 2030.
Government initiatives such as "Housing for All" and "Smart Cities Mission" which aim to increase housing and infrastructure development in India, will significantly contribute to the growth. The government's focus on the development of affordable housing and the improvement of transportation infrastructure is also expected to drive construction spending in the country. With the resultant surge in construction projects, the demand for building elements such as flooring will surge significantly, creating strong opportunities for regional flooring market progression by 2032.
Flooring Market Share
Some of the major players operating in the flooring business scenario include
These contenders are focusing on acquisitions, among other strategic measures, to expand their businesses and reinforce their market position.
COVID-19 Impact
The COVID-19 pandemic caused unprecedented disruptions in the global supply chain. The pandemic has had a significant impact on the construction industry, leading to project delays, reduced demand, safety concerns, supply chain disruptions, and increased costs.
The unavailability of labor and raw materials reduced the demand for new building and remodeling projects, thereby decreasing the requirement for various construction elements such as floorings. Overall, while the construction industry has been impacted by the COVID-19 pandemic, it has also demonstrated resilience and adaptability in the face of adversity. The industry is expected to continue to recover and adapt to new ways of working in the post-pandemic era. This, in turn, will foster the industry development by 2032.
This market research report on flooring includes in-depth coverage of the industry with estimates & forecast in terms of volume in Billion Sq. feet and revenue in USD Billion from 2018 to 2032 for the following segments:
Market, By Product
Market, By Application
The above information is provided on a regional and country basis for the following: