The global flooring market is driven by the growth of global construction industry with rapid increase in investment across the globe. The global flooring market is anticipated to grow at a prominent CAGR of 6.0% (approx.) during the forecast period with Asia Pacific and North America being major contributors. The non-resilient flooring solutions are anticipated to be the fastest growing segment over the forecast period owing to rising demand for ecofriendly and cost efficient flooring.
The non-resilient floorings are manufactured using wood, ceramics, stones, or similar biodegradable materials, and thus are being widely adopted to minimize the carbon footprint. Additionally, the cost associated with non-resilient flooring is comparatively low, thereby generating demand from low income countries across Asia Pacific and Africa. In 2018, Asia Pacific contributed second largest share to the global flooring market owing to rising demand from India, China, Indonesia and few other Southeast Asian countries.
Additionally, flooring market in Asia Pacific is anticipated to witness fastest growth during forecast period. Flooring market in North America is anticipated to be the largest market during the forecast period. Major players operating in the global flooring market include AFI Licensing LLC, Beaulieu International Group, Fatra a.s., Gerflor, Forbo Flooring Systems, Interface, Inc., IVC Group, Mohawk Industries, Inc., MONDO S.p.A., Responsive Industries Ltd., Shaw Industries Group, Inc., Tarkett S.A., Kajaria Ceramics, Siam Cement, Grupo Lamosa, Porcelanosa Group, Crossville Inc., Gruppo Ceramiche Ricchetti, China Ceramics Co. Ltd, Saloni Ceramica, and Veisa Ceramics.
The report titled “Flooring Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global flooring market.
Furthermore, the report would reflect on the key developments, global & regional sales network, business strategies, security & exchange overview, research & development activities, production facilities, product portfolio, employee strength, and key executive, for all the players considered under the scope of study.
For instance, Kajaria Ceramics reported revenues of US$ 416.31 Million in 2018 and the segment and geographic analysis of the company indicates that Tiles segment is the dominating segment of the company, with India being the major revenue generating market.
The flooring market study is segmented based on type, end use, and geography. Based on type the market is segmented into resilient flooring, and non-resilient flooring. The resilient flooring type is further sub-segmented into vinyl flooring and others (cork, linoleum, rubber, and resin). Similarly, non-resilient flooring is sub-segmented into ceramic tiles, wood laminate, stone, and others (bamboo, and terrazzo). Based on end use, the global flooring market is segmented into residential, commercial and industrial. Based on geography, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Additionally, the study provides in-depth analysis of individual company considered under the scope of study with a focus on all operating business segment, and would identify the segment of the company focusing on flooring products. Further, market share of company in the global flooring market would also be calculated. For instance, Tiles segment of Kajaria Ceramics deals with flooring products, with a revenue contribution of US$ 387.9 Million.
The report study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the flooring companies. Furthermore, the global flooring market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the flooring business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global Flooring marketplace.
Market Segmentation:
By Type
- Resilient flooring
- Vinyl flooring
- others (cork, linoleum, rubber, and resin)
- Non-resilient flooring
- ceramic tiles
- wood laminate
- stone
- others (bamboo, and terrazzo)
By End-use
- residential
- commercial
- industrial
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
