Commercial Flooring Market Size is Projected to Reach US$ 93.6 Billion by 2028

Industry Overview of Commercial Flooring Market
Commercial flooring is designed using materials that offer high strength and durability and enhance the aesthetic appeal of commercial spaces. It provides a hard-wearing surface that withstands heavy foot traffic and protects workers and customers from accidents. It also prevents the wear and tear caused by heavy objects, such as business equipment and furniture. In addition, it is usually waterproof and resistant to moisture, which increases its shelf life with easy maintenance. As a result, commercial flooring is extensively used in the education, healthcare, retail, and hospitality sectors across the globe.

How Big Is the Commercial Flooring Market?
The global commercial flooring market size reached US$ 71.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 93.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.45% during 2023-2028.

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Global Industry Trends and Drivers:
The growing industrialization is catalyzing the demand for commercial spaces, which, in turn, is driving the commercial flooring market. Additionally, inflating per capita income and changing lifestyles of individuals are creating a positive outlook for the market. This, along with the increasing construction and remodeling activities of education centers, shopping malls, convenience stores, hospitals, hotels, and offices, is offering lucrative growth opportunities to manufacturers. Besides this, commercial flooring materials like wood and ceramic tiles emit lower levels of volatile organic compounds (VOCs) and prevent various health problems. This, in turn, is impelling the market growth. Furthermore, key market players are focusing on attracting a wider consumer base by offering their products through e-commerce portals,
which is expected to propel the market growth.

Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product:
• Soft Coverings
• Resilient Flooring
• Non-resilient Flooring
• Seamless Flooring
• Wood and Laminates

Breakup by Application:
• Commercial Buildings
• Healthcare
• Education
• Leisure and Hospitality
• Retail
• Public Buildings

Breakup by Region:
• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others
• Europe
• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others
• Latin America
• Brazil
• Mexico
• Others
• Middle East and Africa

The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are Armstrong Flooring Inc., Forbo Holding AG, Gerflor, Interface Inc., IVC Group (Mohawk Industries Inc.), James Halstead PLC, LX Hausys, Mannington Mills Inc., Milliken & Company, NOX Corporation and RPM International Inc.

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This release was published on openPR.