The global market for Flooring is estimated at US$421.4 Billion in 2023 and is projected to reach US$623.8 Billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the flooring market is driven by several factors, including rising urbanization, increasing disposable incomes, and evolving consumer preferences toward aesthetically pleasing and functional flooring solutions. The construction boom, particularly in residential and commercial sectors, has led to a surge in demand for diverse flooring materials that cater to varying needs and budgets. Technological innovations and the development of new materials have made high-quality flooring options more accessible and affordable. Additionally, the trend toward home renovation and remodeling has bolstered the demand for modern, stylish, and durable flooring products. The growing emphasis on sustainability and eco-friendly building practices is also driving the market, with consumers and builders increasingly opting for green flooring materials. Furthermore, the expansion of e-commerce platforms has made it easier for consumers to explore and purchase a wide range of flooring options, contributing to the market`s growth. As these trends continue, the flooring industry is poised for sustained expansion, driven by the ongoing demand for innovative and high-quality flooring solutions.
The growth in the flooring market is driven by several factors, including rising urbanization, increasing disposable incomes, and evolving consumer preferences toward aesthetically pleasing and functional flooring solutions. The construction boom, particularly in residential and commercial sectors, has led to a surge in demand for diverse flooring materials that cater to varying needs and budgets. Technological innovations and the development of new materials have made high-quality flooring options more accessible and affordable. Additionally, the trend toward home renovation and remodeling has bolstered the demand for modern, stylish, and durable flooring products. The growing emphasis on sustainability and eco-friendly building practices is also driving the market, with consumers and builders increasingly opting for green flooring materials. Furthermore, the expansion of e-commerce platforms has made it easier for consumers to explore and purchase a wide range of flooring options, contributing to the market`s growth. As these trends continue, the flooring industry is poised for sustained expansion, driven by the ongoing demand for innovative and high-quality flooring solutions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Non-Resilient Flooring segment, which is expected to reach US$295.7 Billion by 2030 with a CAGR of a 6.6%. The Soft Coverings segment is also set to grow at 5.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $110.0 Billion in 2023, and China, forecasted to grow at an impressive 9.1% CAGR to reach $147.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Flooring Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Flooring Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Flooring Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Abet Laminati SpA, Alsafloor SA, American Biltrite, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 271 Featured):
- Abet Laminati SpA
- Alsafloor SA
- American Biltrite, Inc.
- Apollo Flooring Center
- Architectural Systems, Inc.
- Anxin Weiguang (Shanghai) Timber Co., Ltd.
- Aged Woods, Inc.
- AIREA PLC
- Andersons Hardwood Floors
- 4m Europe SA
- Acrylicon Polymers GmbH
- Applied Industrial Flooring
- Accord Floors
- Anika Global
- AHF, LLC
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Abet Laminati SpA
- Alsafloor SA
- American Biltrite, Inc.
- Apollo Flooring Center
- Architectural Systems, Inc.
- Anxin Weiguang (Shanghai) Timber Co., Ltd.
- Aged Woods, Inc.
- AIREA PLC
- Andersons Hardwood Floors
- 4m Europe SA
- Acrylicon Polymers GmbH
- Applied Industrial Flooring
- Accord Floors
- Anika Global
- AHF, LLC
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 753 |
Published | November 2024 |
Forecast Period | 2023 - 2030 |
Estimated Market Value ( USD | $ 421.4 Billion |
Forecasted Market Value ( USD | $ 623.8 Billion |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |