Press release
Commercial Flooring Market: Promising Growth and Key Trends Ahead
The commercial flooring industry takes strides, driven by design trends, sustainability concerns, market demand, and advances in technology.
What Is The Projected Market Size Of The Global Commercial Flooring Market And Its Growth Rate?
The commercial flooring market is experiencing significant growth, with numerous contributing factors:
- The market size was valued at $65.91 billion in 2024, expected to reach $69.93 billion in 2025 (6.1% CAGR).
- The market attributes its growth in the historic period to increased commercial construction projects, design trends, demand for durability and maintenance, environmental concerns, and renovation needs.
- The market size is predicted to grow to $91.27 billion by 2029 (6.9% CAGR).
- The growth in the forecast period will be propelled by circular economy practices, emerging market demand, resilient and low-maintenance flooring requirements, safety and slip resistance needs, and growth in real estate.
What Is Driving The Growth In The Commercial Flooring Market?
Growth in the commercial flooring market is majorly driven by expanding urbanization. As populations shift from rural to urban areas, the demand for housing and commercial businesses has surged. This demographic change prompts increased construction, fuelling the commercial flooring market. Reports by the Addis Ababa University and the United Nations Human Settlement Programme reveal a projected growth of the global urban population to 6.3 billion by 2050, with an estimated 68% of the world's populace residing in urban areas by that time. This rise in urbanization crucially propels the commercial flooring market.
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Who Are the Key Players Driving Commercial Flooring Market Growth?
Key players contributing to the growth of the commercial flooring market are:
- Mannington Mills Inc.
- Amtico International Inc.
- Mohawk Industries Inc.
- Flowcrete Group Ltd.
- Forbo Holding AG
- Interface Inc.
- Gerflor SAS
- Hanwha Group
- Congoleum Corporation
- NOX Corporation
- Milliken & Company, LX Hausys
- Tarkett S.A.
- Nora Systems Inc
- James Halstead plc.
- Shaw Industries Group Inc.
- Beaulieu International Group
- J+J Flooring Group
- Roppe Holding Company
- Burke Industries Inc.
- Flexible Steel Lacing Company.
- Altro Limited
- Karndean Designflooring
- Parterre Flooring Systems
- Crossville Inc.
- American Biltrite Inc.
- Johnsonite Inc.
What Are The Key Trends In The Commercial Flooring Market?
Key trends contributing to the commercial flooring market's dynamics include:
- Innovation in flooring materials
- Advanced flooring installation methods
- Technological advancements
- Strategic collaborations
- Unique solutions responding to consumer demands
What Are The Segments Of The Global Commercial Flooring Market?
The commercial flooring market is categorized based on:
1. Product: Soft Covering Flooring, Resilient Flooring, Non-Resilient Flooring, Seamless Flooring, Wood and Laminate
2. Distribution Channel: Retail, Wholesale and Distributor Business Trend
3. Application: Healthcare, Education, Hospitality, Retail, Public Buildings, Other Applications
Which Region Leads The Commercial Flooring Market?
North America reported the largest share of the commercial flooring market in 2024, while the fastest-growing region through the forecast period is expected to be Asia-Pacific. The commercial flooring market extends over various regions, including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Commercial Flooring Global Market Report?
- Market Size Analysis: Analyze the size of the Commercial Flooring Market by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Commercial Flooring Market for efficient categorization.
- Key Player Focus: Highlight key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Assess contributions of different segments to overall Commercial Flooring Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Commercial Flooring Market.
- Competitive Developments: Examine competitive developments, such as expansions, agreements, and new product launches in the market.
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