Flooring Market Quantitative Analysis, Current and Future Trends Hits USD 558.2 Bn by 2031

Flooring refers to the materials that are used to cover the floor surface of a building or a specific area. Flooring serves both functional and aesthetic purposes, providing a stable and comfortable walking surface while contributing to the overall interior design and ambiance of a space. There are various types of flooring materials available, each with its own characteristics, advantages, and disadvantages.

Flooring market includes various types of printed flooring solutions. According to the printing type, the market is bifurcated into digital and traditional. Among these, the traditional segment accounted for the highest market share in 2021, owing to various small-scale businesses involved in traditional printing. Furthermore, on the basis of material, the ceramic segment accounted for the highest market share in 2021, owing to its easy availability, inexpensiveness, and low maintenance.

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The flooring market size was valued at $320.3 billion in 2021, and is estimated to reach $558.2 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
In 2021, Asia-Pacific held the major flooring market share in terms of revenue. Moreover, the market in LAMEA is expected to grow with a high CAGR, owing to growth in rise urbanization in LAMEA.

In addition, the market is analyzed among the residential and non-residential building end users. Among them, non-residential segment is expected to grow at a higher CAGR during the forecast period. Furthermore, the market is mainly driven by rise in construction activities due to rapid urbanization and population growth, especially in Asia-Pacific and LAMEA. However, strict government policies of major countries across the world are expected to restrain the flooring market growth.

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Furthermore, rise in public-private partnerships across the world is anticipated to fuel the growth in number of non-residential buildings (PPPs).
Moreover, increased awareness among public in general regarding environmental protection has fueled the demand for sustainable products. Thus, key market players are introducing products that are relatively more eco-friendly and sustainable.

Segmentation Based On:

By Printing Type -
Digital
Traditional

By Material -
Wood
Stone
Ceramic
Laminate
Others

By End User -
Residential
Non-residential

Top Players:
Key companies profiled in the flooring market forecast report include, Armstrong Flooring, AZEK Company, Beaulieu International Group, Citadel Floors, Ebaco India Pvt. Ltd., ECORE International, Inc., Fiberon, Forbo Flooring, Gerflor, Interface Inc., Iron Woods, Mats Inc., Milliken and Company, Mohawk Industries Inc., Shaw Industries, Tarkett S.A., and Toli Corporation.

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