Flooring and Carpets Market Set to Expand at 5.4% CAGR Through 2030, Reports Persistence Market Research

The global flooring and carpets market continues to demonstrate robust expansion as demand accelerates across residential, commercial, and industrial sectors. The market is forecast to grow steadily at a CAGR of 5.4% between 2023 and 2030, increasing from US$303.2 Bn in 2023 to an estimated value of US$438.2 Bn by 2030. This growth trajectory reflects a combination of macroeconomic infrastructure investments, growing construction activities, and rising urbanization rates that are driving higher adoption of premium flooring systems and soft textile-based floor coverings. The market is transitioning toward smart, durable, and sustainable surfaces offering aesthetic and functional improvements across interior spaces.

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One of the leading growth drivers influencing this industry is the rise in interior renovation and remodeling activities, particularly in residential and commercial real estate. The shift toward modern architectural styles and luxury interior design, coupled with strong consumer preference for comfort-oriented and acoustically enhanced spaces, is propelling demand for carpets and resilient flooring materials. Additionally, smart flooring manufacturing technologies-such as digital printing, 3D textured laminate finishing, eco-certified wood solutions, and next-generation fiber innovations-are enabling cost-efficient production and improved performance benefits, thereby supporting large-scale market expansion. In terms of segmentation, resilient flooring is emerging as the leading category, supported by the rapid adoption of luxury vinyl tiles (LVT) due to superior durability, waterproof properties, and easy installation. Geographically, Asia-Pacific leads the global market, driven by high construction volumes, growing infrastructure budgets, and rapid urban population growth across China, India, and Southeast Asia.

Key Highlights from the Report

• The global flooring and carpets market is projected to reach US$438.2 Bn by 2030 at a 5.4% CAGR.
• Rising residential construction and global urbanization are major growth accelerators.
• Luxury vinyl tile (LVT) and modular carpet tiles are expected to dominate product adoption.
• Asia-Pacific remains the largest and fastest-growing regional market.
• The hospitality and commercial sectors continue to generate significant revenue share.
• Increasing demand for eco-friendly, recyclable, and bio-based flooring materials is shaping innovation.

Market Segmentation

The flooring and carpets market can be segmented based on product type and end-use application. Product-wise, the market encompasses carpets and rugs, vinyl flooring, tiles, wood flooring, laminate flooring, stone flooring, and other specialty surfaces. Among these, carpets and rugs hold significant market share within indoor applications, particularly in hospitality, residential bedrooms, and corporate environments due to advantages such as warmth, acoustic control, comfort underfoot, and improved indoor aesthetics. Simultaneously, the LVT (Luxury Vinyl Tile) category represents the fastest-growing product segment, supported by high resistance to moisture, stains, and heavy foot traffic, which positions it as a preferred option for commercial construction, offices, healthcare facilities, and retail environments. Engineered wood and laminate flooring continue to gain adoption among mid-range customers due to affordability, visual appeal, and installation efficiency.

From an end-user perspective, the market can be categorized into residential, commercial, and industrial applications. The residential sector remains the dominant contributor to revenue, driven by increasing household renovation investments, home décor trends, and the rise of luxury real estate development. The commercial sector-including hospitality, corporate offices, healthcare centers, educational buildings, and retail spaces-is witnessing significant momentum due to the emphasis on durability, hygiene, and customized design preferences aligned with branding strategies. Industrial applications, while smaller in proportion, are expanding due to the need for durable and chemical-resistant flooring designed for heavy-duty manufacturing and warehouse operations.

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Regional Insights

Regionally, the flooring and carpets market demonstrates diverse growth dynamics across key regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific dominates global market share, attributed to massive urban expansion, real estate development, and population growth across countries such as India, China, Vietnam, Indonesia, and Thailand. Supported by government infrastructure missions, smart city development programs, and rapid commercial property investments, the region is witnessing continuous demand for advanced flooring solutions. Additionally, increasing disposable incomes and evolving consumer interiors preferences are accelerating demand for modern flooring products that integrate durability and stylish finishes.

North America represents another major regional market, driven by strong remodeling trends, the adoption of smart home solutions, and rising interest in sustainable and recyclable flooring materials. The U.S. market is particularly influenced by commercial real estate and the hospitality industry, where hotels and resorts increasingly incorporate modular carpets and LVT surfaces for functionality and visual appeal. Europe contributes significantly due to advanced manufacturing, strict environmental regulations, and accelerated adoption of green building certifications, supporting demand for recyclable wood flooring, renewable natural fiber carpets, and low-emission polymer flooring. Meanwhile, Middle East & Africa and Latin America are developing markets propelled by tourism-driven infrastructure, luxury construction projects, and industrial sector expansion.

Market Drivers

The flooring and carpets market is being propelled by multiple growth drivers associated with expanding construction activity, design innovation, and infrastructure investments. Rapid urbanization and rising global housing requirements are significantly boosting the installation of advanced flooring materials across new construction and renovation projects. Additionally, growing consumer preference for interior customization and comfort-focused living spaces is elevating demand for stylish flooring products such as modular carpets, patterned vinyl surfaces, and engineered wood flooring. The increasing influence of workplace wellness design and hospitality ambience enhancement further supports premium flooring adoption due to benefits such as sound insulation, anti-slip performance, antimicrobial finishes, and superior durability.

Furthermore, technological advancements in flooring material engineering are improving manufacturing efficiency, stain resistance, structural stability, and installation technology. Digital printing has transformed vinyl and laminate flooring production, enabling realistic wood and stone aesthetics at competitive costs. Sustainability trends are another significant catalyst, with manufacturers focusing on recyclable, bio-based, and low-emission flooring solutions aligned with environmental standards such as LEED certification. Combined, these elements position flooring and carpets as essential components in modern construction and architectural design.

Market Restraints

Despite strong market performance, several challenges continue to influence growth. Volatility in raw material prices, such as timber, petroleum-based polymers, and textile fibers, poses difficulties for cost management in manufacturing. Additionally, environmental concerns related to synthetic carpet materials and plastic-based flooring products have triggered scrutiny regarding carbon footprint and disposal sustainability. The market also faces intense competition from the surge in low-cost imports, particularly in developing regions, impacting profit margins for established global brands.

Installation, maintenance complexity, and technical expertise availability are further constraints, especially for premium flooring options such as hardwood, engineered stone, and commercial carpeting. Moreover, economic fluctuations affecting real estate and construction can temporarily slow market expansion. Together, these factors require suppliers to continuously innovate production processes, pricing strategies, and supply chain logistics.

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Market Opportunities

The flooring and carpets market presents substantial opportunities driven by increasing demand for sustainable flooring materials and smart-engineered interior solutions. Eco-conscious consumers are accelerating the shift toward recyclable carpets, renewable fiber materials, cork flooring, bamboo flooring, and bio-polymer-based surface solutions. The growth of smart cities, large infrastructure projects, and luxury commercial construction, including hotels, airports, and shopping malls, provides additional revenue potential. The increasing popularity of modular flooring systems, rapid-installation surfaces, and customizable patterns for brand-specific interior design also opens new commercial opportunities.

The remote-work transformation has led to increased home renovation spending worldwide. Meanwhile, digital retail channels-offering AR-enabled virtual room visualization and online flooring customization-support faster purchasing decisions and broader access to premium flooring options. Collectively, these advancements create avenues for technological innovation, value-added product development, and geographic market expansion.

Company Insights

Major companies operating in the global flooring and carpets market include:

• Mohawk Industries
• Shaw Industries Group
• Tarkett Group
• Interface Inc.
• Forbo Flooring Systems
• Armstrong Flooring
• Milliken & Company
• Gerflor Group
• Beaulieu International Group
• Oriental Weavers Carpet Company

Recent Developments
• Leading manufacturers are investing significantly in recyclable and closed-loop carpet production technologies to enhance sustainability and reduce industrial waste.
• Companies in the vinyl flooring segment have introduced AI-assisted digital printing and textured finish innovations designed to replicate premium stone and hardwood appearances with high precision.

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This release was published on openPR.