Press release
Construction Surge Propels Growth In The Hard Surface Flooring Market: A Significant Driver Propelling The Hard Surface Flooring Market In 2025
Hard Surface Flooring Market Size
What Is the Hard Surface Flooring Market Size and Projected Growth Rate?
The market size of hard surface flooring has experienced robust growth in the past few years. Its value is predicted to rise from $40.2 billion in 2024 to $42.35 billion in 2025, recording a compound annual growth rate (CAGR) of 5.4%. The substantial growth recorded in the historic period is a result of factors such as urbanisation, increased population, an enlarged housing market, economic progression, and shifts in lifestyle.
In the forthcoming years, the hard surface flooring market is projected to witness a solid surge in growth, expanding to $53.03 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The anticipated growth in the forecast period can be linked to eco-friendly building methodologies, rising demand for luxury and personalized flooring, an escalation in residential and commercial construction, an upswing in the real estate market, and an increase in renovation and refurbishment activities. Key trends for the forecast period encompass the growing demand for luxury vinyl tiles, a heightened emphasis on environmentally friendly flooring solutions, the incorporation of digital printing technology, an increased need for seamless, easy-to-maintain flooring options, and a rising interest in modular and customizable flooring patterns.
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What Are the Major Segments in the Hard Surface Flooring Market?
The hard surface flooring market covered in this report is segmented -
1) By Material Type: Vinyl Flooring, Vinyl Sheet, Vinyl Composition Tile, Rubber Flooring, Cork Flooring, Asphalt Flooring, Linoleum Flooring, Other Materials
2) By Surface Type: Seamless Flooring, Wood Flooring, Laminate Flooring
3) By Installation Type: Glue-Down, Floating, Nail Or Staple, Click-Lock
4) By Distribution Channel: Online Retail, Offline Retail, Other Distribution Channels
5) By Application: Residential Buildings, Nonresidential Buildings, Transportation
Subsegments:
1) By Vinyl Flooring: Luxury Vinyl Tile (LVT), Luxury Vinyl Plank (LVP), Vinyl Sheet
2) By Vinyl Sheet: Homogeneous Vinyl Sheet, Heterogeneous Vinyl Sheet
3) By Vinyl Composition Tile (VCT): Standard VCT, High-Performance VCT
4) By Rubber Flooring: Rolled Rubber Flooring, Rubber Tiles
5) By Cork Flooring: Unfinished Cork Flooring, Finished Cork Flooring
6) By Asphalt Flooring: Asphalt Tiles, Asphalt Sheet Flooring
7) By Linoleum Flooring: Linoleum Tiles, Linoleum Sheets
8) By Other Materials: Concrete Flooring, Ceramic Tile, Stone Flooring
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What Are The Driving Hard Surface Flooring Market Evolution?
The surge in construction activities is anticipated to stimulate the expansion of the hard surface flooring market. When referring to construction activities, it deals with the practice of building or assembling infrastructure. Hard-surface flooring has gained popularity due to its durability, reliability, and ease of management. It offers both functional and aesthetic appeal in structures, making it a preferred choice in both commercial and residential spaces. The advantages it brings include simple maintenance, versatility, personalization, and longevity. For instance, the Australian Bureau of Statistics, a government organization from Australia, reported in July 2023 that the number of homes under construction grew by 1.3% in the March 2023 quarter, hitting 240,813 units. This surpassed the previous highest record of 240,065 units set in the March 2022 quarter. Hence, the rise in construction activities is fueling the expansion of the hard surface flooring market.
Which Firms Dominate The Hard Surface Flooring Market Segments?
Major companies operating in the hard surface flooring market include Mohawk Industries Inc., Shaw Industries Group Inc., Tarkett S.A., Beaulieu International Group, Dal-Tile International Inc., Forbo Holding AG, Interface Inc., LL Flooring Holdings Inc., Gerflor Group, Mannington Mills Inc., Armstrong Flooring Inc., Polyflor Ltd., Congoleum Corporation, Emser Tile LLC., Crossville Inc., Somerset Hardwood Flooring Inc., Boa-Franc Inc., Roppe Corporation, Karndean International Limited, Quickstep, Marazzi Group S.R.L., Faus Group Inc., NOX Corporation, Mullican Flooring L.P., Provenza Floors Inc., Urban Global LLC., Novabell S.P.A., Kentwood Floors Inc., Us Floors Inc., Johnsons Premium Hardwood Flooring Inc.
What Trends Are Expected to Dominate the Hard Surface Flooring Market in the Next 5 Years?
Emerging technology is a main trend rising in prominence in the hard-surface flooring market. Principal companies within this market are keen to adopt fresh technologies and solutions to maintain their market position. For instance, in April 2023, Bjelin Sweden AB, a hardwood flooring manufacturer based in Sweden, introduced an updated hardened wood 3.0-floor range. This latest series of hardened wood floors introduces enhanced colors, formats, and technologies. Its water-resistant locking system facilitates easy, durable, and waterproof installation. Plus, these wood floors are built using the unique Woodura technology, an outstanding process for producing genuine wood floors that are more eco-friendly. With this process, the amount of product produced is tenfold compared to the same quantity of wood, and the resulting floor is three times more robust than conventional wood.
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Which Is The Largest Region In The Hard Surface Flooring Market?
North America was the largest region in the hard surface flooring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hard surface 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 Hard Surface Flooring Market?
2. What is the CAGR expected in the Hard Surface Flooring Market?
3. What Are the Key Innovations Transforming the Hard Surface Flooring Industry?
4. Which Region Is Leading the Hard Surface Flooring Market?
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