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In-Depth Analysis of the Modular Flooring Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Modular Flooring Market Size
The expansion of the modular flooring market is predicted to be propelled by the rise in home and commercial remodeling activities. This notion of renovation involves transforming the interior arrangement of established structures, substitutions, or fixing deteriorated components. Modular flooring substitutes traditional flooring during home renovations. For example, Houzz, a US-based agency for home alteration and design, indicated in their March 2023 report that kitchen and bathroom alterations remain the top tasks. A greater proportion of homeowners in 2022 (28% and 25%, consecutively) upgraded these areas compared to 2021 (27% and 24%, respectively). Consequently, the escalating trend in home and commercial refurbishing activities is fuelling the modular flooring market's growth.
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What is the projected compound annual growth rate (CAGR) of the modular flooring market from 2025 to 2034, and what factors influence it?
Recently, the modular flooring market has seen robust growth. The market value is projected to increase from $61.84 billion in 2024 to $65.71 billion in 2025, presenting a compound annual growth rate (CAGR) of 6.3%. The previous growth in this market has been influenced by factors such as the surge in commercial construction projects, the emphasis on sustainable and environmentally-friendly materials, urbanization, trending interior design styles, the simplicity of installation and maintenance, and the rise in renovations and remodeling activities.
The market for modular flooring is projected to experience robust growth in the upcoming years, expanding to an estimated worth of $86.67 billion by 2029, averaging a compound annual growth rate (CAGR) of 7.2%. This growth during the forecast period is anticipated owing to the increasing preference for luxury vinyl tiles (LVT), development in the healthcare and education sectors, emphasis on resilient and impact-resistant flooring, sustainable and recyclable materials, and an uptick in flooring sales over e-commerce platforms. The key trends to track over this forecast duration encompass digital printing technology, luxury vinyl tiles (LVT), hybrid flooring solutions, modular carpet tiles, and smart flooring technologies.
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How are the latest trends influencing the growth of the modular flooring market?
Leading businesses in the modular flooring industry are working on generating groundbreaking products like carpet tiles to cement their market dominance. Carpet tiles, alternatively known as modular carpet, are squares or blocks of carpet made to be assembled to construct a carpeted floor. For example, in June 2024, Tarkett, a corporation established in France, unveiled the Quiet Edit carpet tile series. Specifically created for commercial spaces such as conference rooms, entrance halls, and reception areas, this novel series underscores high efficiency while integrating a delicate style influenced by recycled materials.
What are the major segments of the modular flooring market and their role in driving growth?
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, Other 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
Subsegments:
1) By Ceramic: Porcelain Tiles, Glazed Ceramic Tiles, Unglazed Ceramic Tiles, Mosaic Tiles, Other Ceramic Types
2) By Rubber: Natural Rubber Flooring, Synthetic Rubber Flooring, Recycled Rubber Flooring, Interlocking Rubber Tiles, Other Rubber Types
3) By Carpet Tile: Loop Pile Carpet Tiles, Cut Pile Carpet Tiles, Berber Carpet Tiles, Specialty Carpet Tiles, Other Carpet Tile Types
4) By Rigid LVT (Luxury Vinyl Tile): Stone-Composite Rigid LVT, Wood-Composite Rigid LVT, Other Rigid LVT Types
5) By Polyolefin (Non-vinyl): Polypropylene Tiles, Polyethylene Tiles, Other Polyolefin Types
6) By Flexible LVT (Luxury Vinyl Tile): Standard Flexible LVT, Specialty Flexible LVT, Other Flexible LVT Types
7) By Other Product Types: Cork Flooring, Bamboo Flooring, Linoleum, Other Modular Flooring Types
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Which regions are key players in the growth of the modular flooring market?
Asia Pacific was the largest region in the modular flooring market in 2024. The regions covered in the modular flooring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the modular flooring market?
Major companies operating in the modular flooring market include 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
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What Is Covered In The Modular Flooring Global Market Report?
• Market Size Forecast: Examine the modular flooring market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the modular flooring market for a structured understanding.
• Key Players Overview: Analyze major players in the modular flooring market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the modular flooring market.
• Segment Contributions: Evaluate how different segments drive overall growth in the modular flooring market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the modular flooring market.
• Industry Challenges: Identify potential risks and obstacles affecting the modular flooring market.
• Competitive Landscape: Review strategic developments in the modular flooring market, including expansions, agreements, and new product launches.
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