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Evolving Market Trends In The Modular Flooring Industry: Innovation In Modular Flooring
Modular Flooring
What Is the Expected Modular Flooring Market Size During the Forecast Period?
The Modular Flooring Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Modular Flooring Market Size During the Forecast Period?
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What Are the High-Growth Segments in the Modular Flooring Market?
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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What Key Drivers Are Expected to Influence Future Modular Flooring Market Growth?
The modular flooring market is predicted to expand due to a rise in both residential and commercial refurbishment projects. Refurbishment involves modifying the interior configuration of existing buildings, replacing or fixing damaged components. This can encompass changing out traditional floors for varied modular flooring options in home renovations. For example, a March 2023 report by Houzz, a home redesign and remodeling platform based in the US, indicated that kitchen and bathroom remodeling remained the most popular projects, with a higher percentage of homeowners opting for these updates in 2022 (28% and 25%, respectively) than in 2021 (27% and 24%, respectively). As a result, the growth of the modular flooring market is being propelled by the surge in residential and commercial refurbishment endeavors.
Which Companies Hold the Largest Share Across Different Modular Flooring Market Segments?
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
What Trends Are Driving Growth in The Modular Flooring Market?
Leading firms in the modular flooring market are prioritizing the creation of unique products such as carpet tiles to bolster their presence in the industry. Modular carpets - square or rectangular bits of a carpet meant to mesh together to form a carpeted floor - are one such innovative product. As an example, Tarkett, a company originating from France, presented the Quiet Edit carpet tile compilation in June 2024. This collection was curated particularly for commercial settings like lobbies, meeting rooms, and welcoming areas. It underscores superior performance and is infused with a muted aesthetic cultivated from recycled materials.
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What Are the Emerging Geographies for The Modular Flooring Market Growth?
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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Modular Flooring Market?
2. What is the CAGR expected in the Modular Flooring Market?
3. What Are the Key Innovations Transforming the Modular Flooring Industry?
4. Which Region Is Leading the Modular Flooring Market?
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