Full Answer
What is the market size of the flooring industry?
Industry Trends. Flooring Market size was valued at over USD 280 billion in 2016 and is anticipated to witness over 6.5% CAGR up to 2024.
What is the market size of the softcover flooring market?
The soft covering market is anticipated to exceed USD 100 billion by 2027, depicting a CAGR of around 5.5%. A softcover flooring has flexibility, which differentiates it from hard flooring products.
What is the forecast period of the global flooring market research report?
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global flooring market report on the basis of product, application, and region:
Why should you buy this flooring market report?
The flooring market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the flooring market trends and highlights key industry developments.
How big is the flooring market?
The global flooring market size was USD 342.88 billion in 2020. The market is projected to grow from USD 359.20 billion in 2021 to USD 517.74 billion in 2028 at a CAGR of 5.4% during the 2021-2028 period.
How big is the US flooring market?
How big is the flooring market? b. The global flooring market size was estimated at USD 388.24 billion in 2020 and is expected to reach USD 409.03 billion in 2021....Report AttributeDetailsMarket size value in 2021USD 409.03 billionRevenue forecast in 2028USD 621.54 billionGrowth rateCAGR of 6.1% from 2021 to 202811 more rows
What industry does flooring fall?
Flooring is an essential element in the construction of residential and nonresidential buildings. The Flooring Installers industry includes contractors that primarily install and repair carpets, wood flooring and resilient and alternative flooring (e.g. laminates, vinyl and bamboo).
How many floor companies are in the US?
How many businesses are there in the Flooring Installers industry in the US in 2022? There are 122,307 Flooring Installers businesses in the US as of 2022, an increase of 3% from 2021.
What is non Resilient Flooring?
The non-resilient flooring category is made up of both natural and man made materials which includes hardwood, laminate, and tile. These hard surface floors are rigid and do not have the same cushion as resilient floors.
How big is the carpet industry?
The carpet market size was valued at $51.9 billion in 2018, and is expected to reach $73.9 billion by 2026, registering a CAGR of 4.6% from 2019 to 2026.
What is floor and types of floor?
Materials almost always classified as floor covering include carpet, area rugs, and resilient flooring such as linoleum or vinyl flooring. Materials commonly called flooring include wood flooring, laminated wood, ceramic tile, stone, terrazzo, and various seamless chemical floor coatings.
What is flooring and its types?
Floor covering is a term to generically describe any finish material applied over a floor structure to provide a walking surface. Both terms are used interchangeably but floor covering refers more to loose-laid materials. Materials almost always classified as flooring include carpet, laminate, tile, and vinyl.
How big is the flooring market?
The global flooring market size was estimated at USD 388.24 billion in 2020 and is expected to reach USD 409.03 billion in 2021. Read More
What is the flooring market growth?
The flooring market is expected to grow at a compound annual growth rate of 6.1% from 2021 to 2028 to reach USD 621.54 billion in 2028. Read More
Which segment accounted for the largest flooring market share?
The non-resilient flooring segment dominated the flooring market with a share of 61.2% in 2020 owing to its properties such as low price, excellent...
Who are the key players in the flooring market?
Some key players operating in the flooring market include Mohawk Industries, Inc., Tarkett, S.A., AFI Licensing, Burke Flooring Products, Inc., For...
What are the factors driving the flooring market?
Key factors driving the flooring market growth include increasing construction spending coupled with the rapidly growing residential and real estat...
What was the flooring market trend for 2020?
The flooring market share was valued at USD 312.71 billion in 2020 owing to a rise in commercial construction activities and will expand at a CAGR...
How big is the US flooring market?
North America flooring market dominated by U.S. held more than 10% demand share in 2020, says this GMI report. Read More
Why will soft covering account for a substantial flooring market share?
Soft covering flooring will record a CAGR of 5.5% over 2021-2027 due to increasing preference in western economies such as the UK, the U.S., and Ge...
How will the Asia Pacific flooring market perform through 2027?
The Asia Pacific market will grow at a CAGR of 7.5% between 2021 and 2027 propelled by the rising demand for residential real estate. Read More
What are leading players in the flooring industry?
Key players operating in the flooring market are Armstrong Floor, Tarkett, Amtico, Mohawk Industries, Marazzi Group, and others. Read More
What is the flooring market size?
Flooring Market size surpassed USD 312.71 billion in 2020 and is estimated to exhibit over 6.3% CAGR from 2021 to 2027. The growing industrial sector and rising construction of commercial centers will propel the industry growth.
What countries are in the flooring market?
Flooring Market Report Coverage. In Asia Pacific, the construction market is driven by rapidly developing countries including China, India, and Vietnam. China, the country with the largest regional economy, will have a steady growth until 2021. India to boost construction spending and is anticipated to overtake China, in terms of growth rate, ...
How much is the flooring market worth in 2020?
The flooring market share was valued at USD 312.71 billion in 2020 owing to a rise in commercial construction activities and will expand at a CAGR of 6.3% between 2021 and 2027. How big is the US flooring market? North America flooring market dominated by U.S. held more than 10% demand share in 2020, says this GMI report.
What is the growth rate of soft covering flooring in 2021?
Soft covering flooring will record a CAGR of 5.5% over 2021-2027 due to increasing preference in western economies such as the UK, the U.S., and Germany on account of a range of colors & textures.
What is the demand for flooring in North America?
North America flooring market held more than 10% demand share in 2020. North America is a developed region with millions of job opportunities. A high standard of living and better opportunities attract a highly-skilled workforce from around the world. Rising immigration increases the number of expats living in the region. Thus, the demand for residential units and single houses & apartments is on the rise. Moreover, growing construction projects will fuel the demand.
What is the soft covering market?
The soft covering market is anticipated to exceed USD 100 billion by 2027, depicting a CAGR of around 5.5%. A softcover flooring has flexibility, which differentiates it from hard flooring products. It has become the preferred option among masses in western economies such as the U.S., the UK, Germany, etc. Soft coverings are comfortable and offer a wide range of textures & colors.
Which country has the largest economy in 2021?
China, the country with the largest regional economy, will have a steady growth until 2021. India to boost construction spending and is anticipated to overtake China, in terms of growth rate, by the end of the studied timeframe. The COVID-19 pandemic has largely affected retail and distribution in the flooring market.
What is the global flooring market size?
The global flooring market Size was valued at USD 355.17 billion in 2018 and is projected to reach USD 515.71 billion by 2026, exhibiting a CAGR of 4.8% during the forecast period.
Which region is the largest flooring market?
Asia-Pacific is the largest and fastest-growing region in the flooring market share owing to large scale investments planned by governments of China, India, and Southeast Asia on infrastructure development. Moreover, supportive government policies & plans and rapid industrialization would further drive the market in this region.
What is the largest type of carpet & rugs segment?
The increasing use of luxury vinyl tiles in residential and commercial buildings will significantly drive the market. Tufted sub-segment is the largest type in carpets & rugs segment.
What is flooring market report?
The flooring market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the flooring market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over recent years.
What is flooring?
Flooring is a finishing material, which is applied over a floor or subfloor structure to arrange for a walking surface. These products offer properties such as resistance to scratches, dents, and moisture, and are very easy to clean. Majorly used products include ceramic tiles, vinyl tiles, carpets, and laminates as they provide a smooth, clean, ...
What are the products used to make floors?
Majorly used products include ceramic tiles, vinyl tiles, carpets, and laminates as they provide a smooth, clean, hard, and attractive surface to the floors. These benefits lead consumers to use these products during the development and renovation of residential and non-residential buildings.
What is ceramic tile?
Ceramic tiles have a distant protecting layer on their surface that makes them impervious to pigment spreading and water damage. They also provide a harder surface, easy maintenance, no allergy concerns, and durability. These properties increase their use mainly on residential floors.
The research report on PVC floor market offers an in-depth insight of the global market size, drivers contributing to the market expansion, ongoing developments in the field, and growth of individual market segments. The regional and state-wise market segmentation, competitive landscape, and sales analysis over the period of 2019-2025 have also been given. The market analysis also encompasses a comprehensive study of the impact of various global and domestic market players, regulatory reforms, growth prospects, future scope, technological trends, and strategic evaluation offering a 360 view of how the market would prosper in the upcoming years
The research report on PVC floor market offers an in-depth insight of the global market size, drivers contributing to the market expansion, ongoing developments in the field, and growth of individual market segments.
Contact Data
With a Reader Account, it's easy to send email directly to the contact for this release. Sign up today for your free Reader Account!
Global Flooring Market Definition
Global Flooring Market Overview
- The materials used to cover the surface area or the floors are referred to as construction flooring. Before the construction of any residential, commercial, or industrial structure, one of the most important aspects of any interior design is flooring. A building’s fundamental foundation is made up of high-quality flooring in a variety of patterns and styles. Epoxy flooring coatings are commo…
Flooring Market, by Material
- • Carpets and Rugs • Resilient Flooring • Non-Resilient Flooring Based on Material, The market is segmented into Carpets and Rugs, Resilient Flooring, and Non-Resilient Flooring. A carpet is a textile floor covering that usually has a top layer of pile attached to a backing. Traditional piles were made of wool, but synthetic fibers like polypropylene, nylon, or polyester, which are less ex…
Flooring Market, by End-User
- • Residential • Non-Residential Based on End-User, The market is segmented into Residential and Non-Residential. In a residence, Solid wood flooring is popular because it goes with any style of home. It may also be refinished up to five times to remove surface scratches, ensuring that it lasts a long period. Engineered wood flooring has the appearance of real wood at a fraction of the pri…
Flooring Market, by Geography
- • North America • Europe • Asia Pacific • Rest of the world On the basis of Geography, The Global Flooring Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The Asia Pacific region is expected to witness a significant CAGR during the forecast period. This is primarily due to the market expansion is being fueled by increasing urbanization as a result of …
Key Players
- The “Global Flooring Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Shaw Industries, Beaulieu International, Milliken & Company, Mohawk Industries, Tarkett S.A, Forbo Holding AG, Interface, Toli Corporation, Armstrong Flooring, Gerflor. Our market analysis also entails a section solely dedic…
Key Developments
- • On February 2021, Armstrong Flooring has signed a definitive deal to sell its South Gate, California production facility, warehouse, and real estate site to an associate of Overton Moore Properties, one of California’s premier industrial developers, for USD 76.7 million in cash. • On Aug 2021, Antimicrobial flooring from Mohawk makes its debut. The new Mohawk brand began with …
Report Scope
- Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our Sales Team at Verified Market Research. - Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors • Provision of market value (USD Billion) data for each segment and sub-segment • Indicates the region and segment that is expected to witness the fa…
Latest Trends
Driving Factors
Restraining Factors
Segmentation
Regional Insights
- To get more information on the regional analysis of this market, Request a Free sample Asia Pacific recorded USD 180.38 billion in terms of annual revenue during 2020 and will continue to be the largest and fastest-growing region in the market. This can be attributed to increasing planned investments and structured policies for construction activit...
Key Industry Players
Key Industry Developments
Report Coverage