North America Flooring Market Growth Analysis up to 2031

𝐅𝐥𝐨𝐨𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝟐𝟎𝟑𝟏

The global flooring market was valued at US$ 333.6 Bn in 2021
It is estimated to grow at a CAGR of 6.4% from 2022 to 2031
The global flooring market is expected to reach US$ 614.0 Bn by the end of 2031

𝐑𝐞𝐚𝐝 𝐑𝐞𝐩𝐨𝐫𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 - https://www.transparencymarketresearch.com/flooring-market.html

𝐅𝐥𝐨𝐨𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

Flooring is any layer of finish material applied over a floor structure to provide a permanent covering. It is also used to enhance the esthetic appeal of floors. Common flooring materials include vinyl sheets & tiles, carpets & rugs, laminates, natural stone, wood, ceramic tiles, and rubber. Flooring can be resilient, non-resilient, and soft cover. Wood flooring can last for more than a century and not go out of style. Floorboards can be sanded and recoated multiple times. This makes it possible to refurbish old floors and make them look new again. Various types of floorings available in the market include vinyl flooring, laminate flooring, linoleum flooring, and hardwood flooring.

𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐍𝐨𝐯𝐞𝐥 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐀𝐮𝐠𝐦𝐞𝐧𝐭𝐢𝐧𝐠 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐥𝐨𝐨𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

Rise in focus on the esthetic appeal of homes and surge in availability of new products are fueling the global flooring market. Customers are increasingly opting for cheaper, highly efficient, and eco-friendly flooring products. Luxury vinyl tiles are gaining more traction compared to hardwood or engineered wood products, as they are scratch- and slip-resistant, waterproof, and eco-friendly. They also offer additional benefits such as ease of cleaning, superior acoustics, and premium appearance. Demand for soft cover flooring products such as carpet tiles, area rugs, and broadloom is high in North America. Carpet tiles and rugs provide a protective layer to floors. Thus, such products are highly preferred in regions with cold climates.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3813

𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐒𝐞𝐜𝐭𝐨𝐫 𝐅𝐮𝐞𝐥𝐢𝐧𝐠 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐥𝐨𝐨𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

Rapid urbanization has led to significant growth in the global construction sector. Demand for residential flooring is increasing, especially in emerging countries such as India, Costa Rica, Brazil, Malaysia, and Indonesia, owing to the rise in urban population in these countries. According to the World Bank, the urban population in India accounted for around 35.39% share in 2021 compared to around 31% in 2010. The construction industry in Brazil recorded a growth of 9% year-on-year (YoY) in the first quarter of 2022 compared to YoY growth of 12.2% in Q4 and 10.9% in Q3 2021, according to the Brazilian Institute of Geography and Statistics. Thus, sales in the flooring market are expected to surge in emerging economies in the next few years.

𝐀𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐧𝐝 𝐄𝐚𝐬𝐲 𝐌𝐚𝐢𝐧𝐭𝐞𝐧𝐚𝐧𝐜𝐞 𝐏𝐫𝐨𝐩𝐞𝐥𝐥𝐢𝐧𝐠 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐂𝐞𝐫𝐚𝐦𝐢𝐜 𝐓𝐢𝐥𝐞𝐬

In terms of material, the global flooring market has been segmented into carpet & rug, wood, laminate, vinyl sheet & tile, ceramic tile, stone, and others. As per the emerging trends in the flooring market, the ceramic tile segment accounted for major share of 43.2% of the global flooring market in 2021. Ceramic tiles can withstand high temperatures and acidic materials. They are affordable, easy to maintain, and free of harmful toxins.
According to the demand analysis of the flooring market, the carpet & rug segment constituted 19.3% share of the market in 2021. The segment is anticipated to create an incremental opportunity of US$ 4.9 Bn during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=3813

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 𝐨𝐟 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐥𝐨𝐨𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

Asia Pacific held 46.2% share of the global flooring market in terms of value in 2021. The region is likely to maintain its dominance during the forecast period. Growth of the housing sector, rise in urban population, and increase in disposable income are driving the flooring market in the region.
According to the global flooring market outlook, Europe accounted for a considerable share of the market in 2021. The market in Europe is anticipated to grow at a rapid pace during the forecast period due to surge in disposable income and increase in urban population in the region.
The flooring market in North America and Middle East & Africa is projected to grow at a significant pace during the forecast period due to the rapid expansion of the commercial sector in these regions. Latin America held a small share of the market in 2021. The market in the region is projected to grow at a moderate pace during the forecast period.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=3813

𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐅𝐥𝐨𝐨𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭

The global flooring market is highly fragmented, with large numbers of small players operating in the market. The market is mostly unorganized. Players operating in the market are adopting product expansion, collaborations, partnerships, and mergers & acquisitions strategies to increase their share. Armstrong World Industries, Inc., Interface, Inc., Forbo Holding AG, The Dixie Group, Inc., James Halstead Plc, LX Hausys, J&J Flooring LLC, Tarkett S.A., Mohawk Industries, Inc., Boral Limited, and Shaw Industries Group, Inc. are some of the prominent entities operating in the global flooring market.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

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