Modular Flooring Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Mohawk Industries Inc., Shaw Industries Inc., Tarkett S.A., Armstrong Hardwood Flooring LLC

"The new report published by The Business Research Company, titled Modular Flooring Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the modular flooring market size has grown strongly in recent years. It will grow from $58.58 billion in 2023 to $62.72 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The modular flooring market size is expected to see strong growth in the next few years. It will grow to $80.13 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.

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Renovation Surge Driving Growth In The Modular Flooring Market
Increasing home and commercial renovation activities are expected to boost the growth of the modular flooring market going forward. Renovation is the process of changing the internal layout of existing structures or replacing or repairing worn-out parts. The home renovation includes the replacement of traditional floors with various modular-flooring options. For instance, in April 2022, as per the report published by Houzz, a US-based platform for home remodeling and design, more than half of homeowners (55%), up from 53% in 2020, have remodeled their homes. Therefore, increasing home and commercial renovation activities are driving the growth of the modular flooring market.

Innovative Trends In Modular Flooring With Modular Carpet Planks
Product innovations have emerged as the key trend gaining popularity in the modular flooring market. Major companies operating in the modular flooring market are developing innovative products to strengthen their position in the market. For instance, in May 2021, Mohawk Group, a US-based commercial flooring company launched a Data Tide, an innovative collection of modular carpet planks. Data Tide honors the exceptional estuarine ecosystems, where freshwater and saltwater merge to store Blue Carbon and foster biodiversity. Mohawk Group's design team utilized environmental greenhouse gas data to craft biophilic patterns using a specialized data visualization tool. Through this visual representation, the collection commemorates the beneficial ecological impact of Blue Carbon sequestration.

The modular flooring market covered in this report is segmented -

1) By Product Type: Ceramic, Rubber, Carpet Tile, Rigid LVT, Polyolefin (Non-vinyl), Flexible LVT, Others Product Types
2) By Components: Polyvinyl Chloride Resins, Plasticizers, Trace Stabilizers, Pigments, Other Components
3) By End Users: Retail, Healthcare, Education, Household, Workplace, Other End Users

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Major companies operating in the modular flooring market report are Mohawk Industries Inc., Shaw Industries Inc., Tarkett S.A., Armstrong Hardwood Flooring LLC, Forbo Holding AG, Gerflor Group, Interface Inc., RK Rose+Kreiger GmbH,, Swisstrax LLC, Duratrac Flooring Ltd., Fab Floorings, Versare Solutions LLC, Mateflex, Balta Group, Milliken & Company, Burmatex Ltd., Mannington Mills Inc., Beaulieu International Group, Congoleum Corporation, Roppe Holding Company, Burke Industries Inc., Flexco Corporation, Altro Limited, Amtico International, Brintons Carpets Limited, Desso Group, Fletco Carpets A/S, Gerbert Limited, Nora Systems Inc., PortaFloor

Contents of the report:
1. Executive Summary
2. Modular Flooring Market Report Structure
3. Modular Flooring Market Trends And Strategies
4. Modular Flooring Market - Macro Economic Scenario
5. Modular Flooring Market Size And Growth
…..
27. Modular Flooring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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