Flooring Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2030

Description

Persistence Market Research recently completed an extensive analysis of the Flooring Market, resulting in a detailed report that thoroughly explores its global landscape. This comprehensive publication offers valuable insights into the market's dynamics, trends, opportunities, and challenges, providing a comprehensive overview of its structure. Backed by exclusive data and statistics, the research predicts the anticipated growth path of the Flooring Market spanning from 2023 to 2030.

The worldwide flooring market is projected to grow at a compounded annual growth rate (CAGR) of 5.4%, reaching a valuation of US$515.3 billion by 2030, up from US$356.6 billion recorded in 2023.

Key Insights:

Flooring Market Size (2023E): US$356.6 billion
Projected Market Value (2030F): US$515.3 billion
Global Market Growth Rate (CAGR 2023 to 2030): 5.4%
Historical Market Growth Rate (CAGR 2018 to 2022): 4.7%
Revenue Share of Top Four Countries (2022E): 45%

Flooring Market - Report Scope

The global flooring market encompasses the production, distribution, and installation of various floor coverings used in residential, commercial, and industrial settings. Materials like vinyl, hardwood, laminate, and carpet cater to both aesthetic and practical needs, with sustainability and durability becoming increasingly important. Regional differences in architecture, climate, and cultural preferences shape demand for different flooring types, making the market dynamic and responsive to various influences.

Factors driving the expansion of the global flooring market include the growth of the construction industry due to urbanization, technological advancements leading to innovative flooring solutions, and the growing demand for sustainable products. Economic conditions, consumer spending, and shifts in interior design trends also play significant roles in shaping market dynamics.

Market Growth Drivers

The global flooring industry is witnessing a significant shift towards sustainable and eco-friendly practices, driven by increasing environmental awareness among governments, businesses, and consumers. This trend is reshaping material choices, manufacturing processes, and consumer preferences, with a focus on reducing environmental impact throughout the product lifecycle. Manufacturers are incorporating recycled and eco-friendly materials like reclaimed wood, bamboo, and cork into their products to meet the demands of an eco-conscious market. Strict environmental regulations are also pushing the industry towards more sustainable practices in manufacturing.

On the other hand, the industry faces challenges due to price fluctuations in raw materials. Materials such as polymers, vinyl, ceramics, and wood are subject to price volatility influenced by geopolitical events, supply chain disruptions, and market demand. These fluctuations pose obstacles for manufacturers, affecting production costs and profit margins, thus impacting the overall competitiveness of the market. Unforeseen increases in material costs can disrupt pricing strategies and strategic planning for flooring businesses, creating challenges in maintaining market competitiveness.

Market Restraints

Supply chain disruptions pose a significant challenge to the global flooring market, impacting manufacturers, suppliers, and distributors alike. Events such as natural disasters, geopolitical tensions, and global pandemics can disrupt the transportation and manufacturing of raw materials and finished flooring products. These disruptions lead to delays, increased expenses, and shortages, affecting market participants across the board. The COVID-19 pandemic highlighted the vulnerability of global supply chains, with lockdowns, restrictions, and labor shortages impacting the manufacturing and transportation of flooring materials.

Opportunities

The global flooring industry is witnessing a surge in demand for intelligent and technologically advanced solutions, driven by the increasing integration of technology into interior spaces. Intelligent flooring, equipped with sensors, embedded technologies, and connectivity features, offers numerous benefits across residential, commercial, and industrial settings.

Intelligent flooring innovations have the potential to enhance user experience, comfort, and safety. In residential environments, sensors integrated into smart flooring can monitor environmental conditions, regulating temperature and illumination for improved energy efficiency and comfort. Integration with home automation systems enables seamless control of various components, contributing to a broader smart home ecosystem. In commercial and industrial settings, smart flooring with sensors can aid in safety monitoring, detecting potential hazards in real-time and enabling predictive maintenance to enhance workplace safety, reduce downtime, and lower operational costs.

Key Questions Answered in Report::

What is the current size and growth rate of the global flooring market?
What are the main factors driving the expansion of the flooring industry?
How are consumer preferences evolving within the flooring market, and what impact do they have on product demand?
What role do technological advancements play in shaping the future of the flooring industry?
How are sustainability and environmental concerns influencing material choices and manufacturing processes in the flooring sector?

Competitive Intelligence and Business Strategy

Leading entities in the global flooring industry, such as Mohawk Industries, Shaw Industries, and Tarkett, prioritize maintaining and expanding their market positions through a focus on product innovation and diversification. These industry giants heavily invest in research and development to introduce advanced flooring solutions that meet evolving customer needs and stay competitive.

They boast comprehensive product portfolios covering a wide range of flooring materials, designs, and applications, including hardwood, laminate, vinyl, and carpet, catering to both residential and commercial sectors. By offering diverse options, they effectively target a broad market segment and accommodate regional preferences.

Furthermore, strategic partnerships and global expansion are integral to their growth strategies. These companies actively seek opportunities to enter emerging markets and forge partnerships to strengthen their market presence. Acquisitions of regional manufacturers or distributors help enhance supply chains and market penetration. Embracing a global approach allows them to capitalize on diverse regional trends and demands worldwide.

Key Companies Profiled

Mohawk Industries
Shaw Industries Group, Inc.
Tarkett S.A.
Beaulieu lnternational Group N.V.
Forbo Holding AG
Interface Inc.
Gerflor SAS
Grupo Lamosa
RAK Ceramics P.J.S.C
Mannington Mills Inc.
Balta Industries N.V.
Armstrong Flooring
Pamesa Ceramica

Flooring Market Segmentation

By Type:

Non-Resilient Ceramic

Wood

Laminate

Others

Resilient

Vinyl

Luxury Vinyl Tiles

Vinyl Composite Tiles

Vinyl Sheet Flooring

Rubber

Linoleum

Cork

Carpets & Rugs

Tufted

Woven

Others

By Application:

Residential
Commercial
Industrial

By Region:

North America
Europe
East Asia
South Asia & Oceania
Latin America
Middle East & Africa

Product Code: PMRREP33765

1. Executive Summary

1.1. Global Flooring Market Snapshot, 2023 and 2030
1.2. Market Opportunity Assessment, 2023 - 2030, US$ Mn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Type Lifecycle Analysis
2.4. Global Flooring Market: Value Chain
- 2.4.1. List of Raw Material Supplier
- 2.4.2. List of Manufacturers
- 2.4.3. List of Distributors
- 2.4.4. List of Applications
- 2.4.5. Profitability Analysis
2.5. Porter Five Force's Analysis
2.6. Geopolitical Tensions: Market Impact
2.7. Macro-Economic Factors
- 2.7.1. Global Sectorial Outlook
- 2.7.2. Global GDP Growth Outlook
- 2.7.3. Global Parent Market Overview
2.8. Forecast Factors - Relevance and Impact
2.9. Regulatory and Technology Landscape

3. Global Flooring Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

3.1. Key Highlights
- 3.1.1. Market Volume (Units) Projections
- 3.1.2. Market Size and Y-o-Y Growth
- 3.1.3. Absolute $ Opportunity
3.2. Market Size (US$ Mn) Analysis and Forecast
- 3.2.1. Historical Market Size Analysis, 2013-2016
- 3.2.2. Current Market Size Forecast, 2018-2026
3.3. Global Flooring Market Outlook: Type
- 3.3.1. Introduction / Key Findings
- 3.3.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Type, 2018 - 2022
- 3.3.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
  - 3.3.3.1. Non-Resilient Ceramic
    - 3.3.3.1.1. Wood
    - 3.3.3.1.2. Laminate
    - 3.3.3.1.3. Others
  - 3.3.3.2. Resilient
    - 3.3.3.2.1. Vinyl
    - 3.3.3.2.1.1. Luxury Vinyl Tiles
    - 3.3.3.2.1.2. Vinyl Composite Tiles
    - 3.3.3.2.1.3. Vinyl Sheet Flooring
    - 3.3.3.2.2. Rubber
    - 3.3.3.2.3. Linoleum
    - 3.3.3.2.4. Cork
  - 3.3.3.3. Carpets & Rugs
    - 3.3.3.3.1. Tufted
    - 3.3.3.3.2. Woven
    - 3.3.3.3.3. Others
3.4. Market Attractiveness Analysis: Type
3.5. Global Flooring Market Outlook: Application
- 3.5.1. Introduction / Key Findings
- 3.5.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Application, 2018 - 2022
- 3.5.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
  - 3.5.3.1. Residential
  - 3.5.3.2. Commercial
  - 3.5.3.3. Industrial
3.6. Market Attractiveness Analysis: Application

4. Global Flooring Market Outlook: Region

4.1. Key Highlights
4.2. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Region, 2018 - 2022
4.3. Current Market Size (US$ Mn) and Volume (Units) Forecast By Region, 2023 - 2030
- 4.3.1. North America
- 4.3.2. Europe
- 4.3.3. East Asia
- 4.3.4. South Asia and Oceania
- 4.3.5. Latin America
- 4.3.6. Middle East & Africa (MEA)
4.4. Market Attractiveness Analysis: Region

5. North America Global Flooring Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

5.1. Key Highlights
5.2. Pricing Analysis
5.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 5.3.1. By Country
- 5.3.2. By Type
- 5.3.3. By Application
5.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 5.4.1. U.S.
- 5.4.2. Canada
5.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 5.5.1. Non-Resilient Ceramic
  - 5.5.1.1. Wood
  - 5.5.1.2. Laminate
  - 5.5.1.3. Others
- 5.5.2. Resilient
  - 5.5.2.1. Vinyl
    - 5.5.2.1.1. Luxury Vinyl Tiles
    - 5.5.2.1.2. Vinyl Composite Tiles
    - 5.5.2.1.3. Vinyl Sheet Flooring
  - 5.5.2.2. Rubber
  - 5.5.2.3. Linoleum
  - 5.5.2.4. Cork
- 5.5.3. Carpets & Rugs
  - 5.5.3.1. Tufted
  - 5.5.3.2. Woven
  - 5.5.3.3. Others
5.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 5.6.1. Residential
- 5.6.2. Commercial
- 5.6.3. Industrial
5.7. Market Attractiveness Analysis

6. Europe Global Flooring Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

6.1. Key Highlights
6.2. Pricing Analysis
6.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 6.3.1. By Country
- 6.3.2. By Type
- 6.3.3. By Application
6.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 6.4.1. Germany
- 6.4.2. France
- 6.4.3. U.K.
- 6.4.4. Italy
- 6.4.5. Spain
- 6.4.6. Russia
- 6.4.7. Turkiye
- 6.4.8. Rest of Europe
6.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 6.5.1. Non-Resilient Ceramic
  - 6.5.1.1. Wood
  - 6.5.1.2. Laminate
  - 6.5.1.3. Others
- 6.5.2. Resilient
  - 6.5.2.1. Vinyl
    - 6.5.2.1.1. Luxury Vinyl Tiles
    - 6.5.2.1.2. Vinyl Composite Tiles
    - 6.5.2.1.3. Vinyl Sheet Flooring
  - 6.5.2.2. Rubber
  - 6.5.2.3. Linoleum
  - 6.5.2.4. Cork
- 6.5.3. Carpets & Rugs
  - 6.5.3.1. Tufted
  - 6.5.3.2. Woven
  - 6.5.3.3. Others
6.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 6.6.1. Residential
- 6.6.2. Commercial
- 6.6.3. Industrial
6.7. Market Attractiveness Analysis

7. East Asia Global Flooring Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

7.1. Key Highlights
7.2. Pricing Analysis
7.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 7.3.1. By Country
- 7.3.2. By Type
- 7.3.3. By Application
7.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 7.4.1. China
- 7.4.2. Japan
- 7.4.3. South Korea
7.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 7.5.1. Non-Resilient Ceramic
  - 7.5.1.1. Wood
  - 7.5.1.2. Laminate
  - 7.5.1.3. Others
- 7.5.2. Resilient
  - 7.5.2.1. Vinyl
    - 7.5.2.1.1. Luxury Vinyl Tiles
    - 7.5.2.1.2. Vinyl Composite Tiles
    - 7.5.2.1.3. Vinyl Sheet Flooring
  - 7.5.2.2. Rubber
  - 7.5.2.3. Linoleum
  - 7.5.2.4. Cork
- 7.5.3. Carpets & Rugs
  - 7.5.3.1. Tufted
  - 7.5.3.2. Woven
  - 7.5.3.3. Others
7.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 7.6.1. Residential
- 7.6.2. Commercial
- 7.6.3. Industrial
7.7. Market Attractiveness Analysis

8. South Asia & Oceania Global Flooring Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

8.1. Key Highlights
8.2. Pricing Analysis
8.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 8.3.1. By Country
- 8.3.2. By Type
- 8.3.3. By Application
8.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 8.4.1. India
- 8.4.2. Southeast Asia
- 8.4.3. ANZ
- 8.4.4. Rest of South Asia & Oceania
8.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 8.5.1. Non-Resilient Ceramic
  - 8.5.1.1. Wood
  - 8.5.1.2. Laminate
  - 8.5.1.3. Others
- 8.5.2. Resilient
  - 8.5.2.1. Vinyl
    - 8.5.2.1.1. Luxury Vinyl Tiles
    - 8.5.2.1.2. Vinyl Composite Tiles
    - 8.5.2.1.3. Vinyl Sheet Flooring
  - 8.5.2.2. Rubber
  - 8.5.2.3. Linoleum
  - 8.5.2.4. Cork
- 8.5.3. Carpets & Rugs
  - 8.5.3.1. Tufted
  - 8.5.3.2. Woven
  - 8.5.3.3. Others
8.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 8.6.1. Residential
- 8.6.2. Commercial
- 8.6.3. Industrial
8.7. Market Attractiveness Analysis

9. Latin America Global Flooring Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

9.1. Key Highlights
9.2. Pricing Analysis
9.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 9.3.1. By Country
- 9.3.2. By Type
- 9.3.3. By Application
9.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Rest of Latin America
9.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 9.5.1. Non-Resilient Ceramic
  - 9.5.1.1. Wood
  - 9.5.1.2. Laminate
  - 9.5.1.3. Others
- 9.5.2. Resilient
  - 9.5.2.1. Vinyl
    - 9.5.2.1.1. Luxury Vinyl Tiles
    - 9.5.2.1.2. Vinyl Composite Tiles
    - 9.5.2.1.3. Vinyl Sheet Flooring
  - 9.5.2.2. Rubber
  - 9.5.2.3. Linoleum
  - 9.5.2.4. Cork
- 9.5.3. Carpets & Rugs
  - 9.5.3.1. Tufted
  - 9.5.3.2. Woven
  - 9.5.3.3. Others
9.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 9.6.1. Residential
- 9.6.2. Commercial
- 9.6.3. Industrial
9.7. Market Attractiveness Analysis

10. Middle East & Africa Global Flooring Market Outlook: Historical (2018 - 2022) and Forecast (2023 - 2030)

10.1. Key Highlights
10.2. Pricing Analysis
10.3. Historical Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2018 - 2022
- 10.3.1. By Country
- 10.3.2. By Type
- 10.3.3. By Application
10.4. Current Market Size (US$ Mn) and Volume (Units) Forecast By Country, 2023 - 2030
- 10.4.1. GCC
- 10.4.2. Egypt
- 10.4.3. South Africa
- 10.4.4. Northern Africa
- 10.4.5. Rest of Middle East & Africa
10.5. Current Market Size (US$ Mn) and Volume (Units) Forecast By Type, 2023 - 2030
- 10.5.1. Non-Resilient Ceramic
  - 10.5.1.1. Wood
  - 10.5.1.2. Laminate
  - 10.5.1.3. Others
- 10.5.2. Resilient
  - 10.5.2.1. Vinyl
    - 10.5.2.1.1. Luxury Vinyl Tiles
    - 10.5.2.1.2. Vinyl Composite Tiles
    - 10.5.2.1.3. Vinyl Sheet Flooring
  - 10.5.2.2. Rubber
  - 10.5.2.3. Linoleum
  - 10.5.2.4. Cork
- 10.5.3. Carpets & Rugs
  - 10.5.3.1. Tufted
  - 10.5.3.2. Woven
  - 10.5.3.3. Others
10.6. Current Market Size (US$ Mn) and Volume (Units) Forecast By Application, 2023 - 2030
- 10.6.1. Residential
- 10.6.2. Commercial
- 10.6.3. Industrial
10.7. Market Attractiveness Analysis

11. Competition Landscape

11.1. Market Share Analysis, 2022
11.2. Market Structure
- 11.2.1. Competition Intensity Mapping By Market
- 11.2.2. Competition Analog IC
- 11.2.3. Apparent Type Capacity
11.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 11.3.1. Mohawk Industries
  - 11.3.1.1. Overview
  - 11.3.1.2. Segments and Type
  - 11.3.1.3. Key Financials
  - 11.3.1.4. Market Developments
  - 11.3.1.5. Market Strategy
- 11.3.2. Shaw Industries Group, Inc.
  - 11.3.2.1. Overview
  - 11.3.2.2. Segments and Type
  - 11.3.2.3. Key Financials
  - 11.3.2.4. Market Developments
  - 11.3.2.5. Market Strategy
- 11.3.3. Tarkett S.A.
  - 11.3.3.1. Overview
  - 11.3.3.2. Segments and Type
  - 11.3.3.3. Key Financials
  - 11.3.3.4. Market Developments
  - 11.3.3.5. Market Strategy
- 11.3.4. Beaulieu lnternational Group N.V.
  - 11.3.4.1. Overview
  - 11.3.4.2. Segments and Type
  - 11.3.4.3. Key Financials
  - 11.3.4.4. Market Developments
  - 11.3.4.5. Market Strategy
- 11.3.5. Forbo Holding AG
  - 11.3.5.1. Overview
  - 11.3.5.2. Segments and Type
  - 11.3.5.3. Key Financials
  - 11.3.5.4. Market Developments
  - 11.3.5.5. Market Strategy
- 11.3.6. Interface Inc.
  - 11.3.6.1. Overview
  - 11.3.6.2. Segments and Type
  - 11.3.6.3. Key Financials
  - 11.3.6.4. Market Developments
  - 11.3.6.5. Market Strategy
- 11.3.7. Gerflor SAS
  - 11.3.7.1. Overview
  - 11.3.7.2. Segments and Type
  - 11.3.7.3. Key Financials
  - 11.3.7.4. Market Developments
  - 11.3.7.5. Market Strategy
- 11.3.8. Grupo Lamosa
  - 11.3.8.1. Overview
  - 11.3.8.2. Segments and Type
  - 11.3.8.3. Key Financials
  - 11.3.8.4. Market Developments
  - 11.3.8.5. Market Strategy
- 11.3.9. RAK Ceramics P.J.S.C
  - 11.3.9.1. Overview
  - 11.3.9.2. Segments and Type
  - 11.3.9.3. Key Financials
  - 11.3.9.4. Market Developments
  - 11.3.9.5. Market Strategy
- 11.3.10. Mannington Mills Inc.
  - 11.3.10.1. Overview
  - 11.3.10.2. Segments and Type
  - 11.3.10.3. Key Financials
  - 11.3.10.4. Market Developments
  - 11.3.10.5. Market Strategy
- 11.3.11. Balta Industries N.V.
  - 11.3.11.1. Overview
  - 11.3.11.2. Segments and Type
  - 11.3.11.3. Key Financials
  - 11.3.11.4. Market Developments
  - 11.3.11.5. Market Strategy
- 11.3.12. Armstrong Flooring
  - 11.3.12.1. Overview
  - 11.3.12.2. Segments and Type
  - 11.3.12.3. Key Financials
  - 11.3.12.4. Market Developments
  - 11.3.12.5. Market Strategy
- 11.3.13. Pamesa Ceramica
  - 11.3.13.1. Overview
  - 11.3.13.2. Segments and Type
  - 11.3.13.3. Key Financials
  - 11.3.13.4. Market Developments
  - 11.3.13.5. Market Strategy

12. Appendix

12.1. Research Methodology
12.2. Research Assumptions
12.3. Acronyms and Abbreviations