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Modular Flooring Global Market Report 2025: Analysis of Market Size, CAGR, Key Drivers and Trends
Modular Flooring Market
What Is The Projected Market Size Of The Modular Flooring Global Market Report 2025 And Its Growth Rate?
• The modular flooring market size is forecasted to grow from$61.84 billion in 2024 to $65.71 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
• Growth is primarily attributed to a surge in commercial construction projects, a focus on sustainability and eco-friendly materials, and ease of installation and maintenance.
• The market is anticipated to expand to "$86.67 billion in 2029 at a CAGR of 7.2%.
• Emerging trends such as digital printing technology, luxury vinyl tiles (LVT), hybrid flooring solutions, modular carpet tiles, and smart flooring technologies are expected to shape the spectrum of the modular flooring market in the forthcoming years.
What Is Driving The Growth In The Modular Flooring Global Market Report 2025?
Increasing home and commercial renovation activities are boosting the growth of the modular flooring market. Renovation, which involves enhancing the internal layout of existing structures and replacing worn-out components, is increasingly adopting various modular-flooring options. As per a report by Houzz, a US-based platform for home remodeling, kitchen and bathroom remodels remain the top renovation projects with a higher share of homeowners upgrading these spaces in 2022 compared to 2021. With the continued growth in renovation activities, the market for modular flooring is set for robust expansion.
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Who Are the Key Players Driving Modular Flooring Global Market Report 2025 Growth?
• 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.
What Are The Key Trends In The Modular Flooring Global Market Report 2025?
• Growing adoption of luxury vinyl tiles (LVT)
• Expansion in healthcare and education sectors
• Focus on resilient and impact-resistant flooring
• Use of sustainable and recyclable materials
• E-commerce growth in flooring sales.
What Are The Segments Of The Global Modular Flooring Global Market Report 2025?
The modular flooring market is segmented by:
1. Product Type: Ceramic, Rubber, Carpet Tile, Rigid LVT, Polyolefin (Non-vinyl), Flexible LVT, Other Product Types
2. Components: Polyvinyl Chloride Resins, Plasticizers, Trace Stabilizers, Pigments, Other Components
3. End Users: Retail, Healthcare, Education, Household, Workplace, Other End Users
Which Region Leads The Modular Flooring Global Market Report 2025?
Asia Pacific was the largest segment in the modular flooring market in 2024. This report also covers significant regions including Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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What Is Covered In The Modular Flooring Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Modular Flooring Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Modular Flooring Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on 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: Evaluate contributions of different segments to the overall Modular Flooring Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Modular Flooring Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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