Press release
Flooring Market to Surpass US$ 812.57 Billion is Expected to Achieve a 8.6% CAGR Forecast Period 2025 to 2034
Flooring Market
Market Overview:
Flooring refers to the temporary or permanent covering applied to the floor surface of a building to provide a stable, durable, and aesthetically pleasing walking surface. It plays both functional and decorative roles in residential, commercial, and industrial spaces. The material used for flooring comes in a wide variety, including laminate, hardwood, carpet, vinyl, tile, stone, concrete, and engineered wood. Each of these material types offers different benefits in terms of maintenance, durability, cost, and design. Beyond aesthetics, flooring also helps contribute to insulation, sound absorption, and safety. In recent years, innovations in flooring technology have led to the creation of eco-friendly and sustainable options, such as bamboo and recycled materials.
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Market Dynamics:
Advancement in Technique and Material:
Manufacturers are increasingly leveraging advanced techniques for the development of flooring that resists moisture, wear, and stains. These developments are appealing to commercial and residential customers, as they help extend floor lifespan and lower maintenance costs. In addition, new materials like engineered wood adhesives and eco-friendly composites have led to the creation of a wide range of flooring options for customers with varying needs and budgets.
Rising Disposable Income Worldwide:
Growing disposable income globally has prompted consumers to shift towards premium and customized flooring options, offering a luxurious look and feel. In addition, higher income levels contribute to more frequent renovations and remodels, thereby driving market growth.
Market Key Players:
The global flooring market is characterized by competition. Market participants are leveraging R&D and adopting strategic developments to improve their offerings and expand their reach.
Some of the major market participants are:
• AHF Products
• Atlas Concorde S.P.A.
• Burke Flooring Products, Inc.
• Crossville Inc.
• Firbo Flooring
• Gerflor
• Interface, Inc
• Kajaria Ceramics Limited
• Mannington Mills, Inc.
• Mohawk Industries, Inc.
• NOTION
• Polyflor
• Porcelanosa Group
• RAK Ceramics
• Shaw Industries, Inc.
• Tarkett, S.A.
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Flooring Market Report Highlights:
• In terms of product, the ceramic tiles segment held the largest flooring market share in 2024 due to their durability, water resistance, and aesthetic versatility.
• The luxury vinyl tiles (LVT) segment is expected to grow at a robust pace in the coming years, owing to superior aesthetic appeal and high performance.
• Based on application, the residential segment dominated the market share in 2024 due to rising urbanization, increasing home renovation activities, and growing demand for aesthetically appealing yet durable materials.
• In the global market, Asia Pacific accounted for a major market share in 2024 due to rapid urbanization, population growth, and significant infrastructure development across major economies.
• The market in North America is expected to expand at a rapid pace during the forecast period, owing to the rising renovation and remodeling activities, particularly in residential and commercial spaces.
Segmental Analysis:
• The market segmentation is primarily based on product, application, and region.
• By product, the ceramic tiles segment led the market in 2024. The durability and aesthetic versatility of ceramic tiles have led to their increased usage as cost-effective, low-maintenance solutions in residential and commercial spaces.
• By application, the commercial segment is expected to hold a significant market share in the coming years. This is primarily due to the rapid infrastructure development in retail spaces, corporate spaces, and educational institutions.
Flooring Market, Product Outlook (Revenue - USD Billion, 2020-2034)
• Ceramic Tiles
• Vitrified (Porcelain) Tiles
• Carpet
• Vinyl
• Luxury Vinyl Tiles (LVT)
• Vinyl Composite Tile
• Linoleum/Rubber
• Wood & Laminate
• Others
Flooring Market, Application Outlook (Revenue - USD Billion, 2020-2034)
• Residential
• Commercial
• Industrial
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Regional Overview:
• North America
o Product Outlook
• Ceramic Tiles
• Vitrified (Porcelain) Tiles
• Carpet
• Vinyl
• Luxury Vinyl Tiles (LVT)
• Vinyl Composite Tile
• Linoleum/Rubber
• Wood & Laminate
• Others
o Application Outlook
• Residential
• Commercial
• Industrial
• Europe
o Product Outlook
• Ceramic Tiles
• Vitrified (Porcelain) Tiles
• Carpet
• Vinyl
• Luxury Vinyl Tiles (LVT)
• Vinyl Composite Tile
• Linoleum/Rubber
• Wood & Laminate
• Others
o Application Outlook
• Residential
• Commercial
• Industrial
• Asia Pacific
o Product Outlook
• Ceramic Tiles
• Vitrified (Porcelain) Tiles
• Carpet
• Vinyl
• Luxury Vinyl Tiles (LVT)
• Vinyl Composite Tile
• Linoleum/Rubber
• Wood & Laminate
• Others
o Application Outlook
• Residential
• Commercial
• Industrial
• Latin America
o Product Outlook
• Ceramic Tiles
• Vitrified (Porcelain) Tiles
• Carpet
• Vinyl
• Luxury Vinyl Tiles (LVT)
• Vinyl Composite Tile
• Linoleum/Rubber
• Wood & Laminate
• Others
o Application Outlook
• Residential
• Commercial
• Industrial
• Middle East & Africa
o Product Outlook
• Ceramic Tiles
• Vitrified (Porcelain) Tiles
• Carpet
• Vinyl
• Luxury Vinyl Tiles (LVT)
• Vinyl Composite Tile
• Linoleum/Rubber
• Wood & Laminate
• Others
o Application Outlook
• Residential
• Commercial
• Industrial
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