Flooring Market Size By Product (Soft Coverings, Resilient Flooring, Non-resilient Flooring, Seamless Flooring), By Application (Residential, Commercial, Industrial) & Global Forecast, 2023 - 2032

Flooring Market Size

Flooring Market size exceeded USD 440 billion in 2022 and is anticipated to register 4% CAGR from 2023 to 2032.
 

Rising construction initiatives, supported by publicly funded infrastructural projects, have increased the flooring market demand. Furthermore, booming residential construction projects across developed economies have increased the value of global construction work. Strong household finances and shifts in household expenditure trends have increased the appeal of single-family dwellings.
 

As per Oxford Economics, construction spending accounted for 13% of the global GDP in 2020, which is anticipated to reach 13.5% by 2030. The global construction output is expected to surpass USD 13.3 trillion by 2025, wherein, the residential sector will play a critical role over a short period. For instance, home remodeling projects are gaining significant interest, boosting the need for critical components such as flooring products in construction applications.
 

It is anticipated that the negative impact of some flooring product debris on the health and environment may inhibit flooring market growth to a certain extent. Many of the flooring alternatives contain harmful chemicals, which can be a major source of indoor air pollution. Carpentry processes can release volatile organic compounds (VOCs) into the air. Additionally, most of the vinyl flooring is made using reprocessed plastic containing toxic phthalates. These factors may impede industry development to a certain extent.
 

Flooring Market Analysis

The non-resilient flooring industry is expected to be worth USD 470 billion by 2032. Factories often deploy heavy-duty equipment and machines which require hard surfaces such as concrete to provide reinforcement and stability at their bases. With industrialization growing at a staggering rate, the number of manufacturing facilities is expected to rise, augmenting the demand for hard non-resilient floorings.
 

The industrial flooring market is estimated to amass USD 33 billion by 2032. Flooring is an essential element in various industrial applications including aviation hangers, refineries, and manufacturing facilities. Growing government spending on manufacturing plants, in addition to swift industrialization, has thus augmented the demand for these floorings. Further, shifting consumer priorities towards chemical resistance flooring with high mechanical strength and enhanced finishing ability will also increase product acceptance.
 

The Asia Pacific flooring industry size is projected to attain 4.5% gains between 2023 and 2032. This is attributed to the speedy infrastructural improvement across developing economies such as India, Vietnam, and China. India is estimated to witness a substantial increase in construction expenditure and may potentially surpass China, which has the largest regional economy, over the forthcoming years. Additionally, India and China are anticipated to account for over 40% of the global construction output by 2030.
 

Government initiatives such as "Housing for All" and "Smart Cities Mission" which aim to increase housing and infrastructure development in India, will significantly contribute to the growth. The government's focus on the development of affordable housing and the improvement of transportation infrastructure is also expected to drive construction spending in the country. With the resultant surge in construction projects, the demand for building elements such as flooring will surge significantly, creating strong opportunities for regional flooring market progression by 2032.
 

Flooring Market Share

Some of the major players operating in the flooring business scenario include

• Amtico
• Armstrong Flooring
• Congoleum Corp.
• Forbo Flooring Systems
• Gerflor
• Interface Inc.
• Kingspan Group Public Ltd. Company
• Mannington Mills Inc.
• Mohawk Industries
• Polyflor Ltd.
• Pergo
• Shaw Floors
• Tarkett
• Beaulieu
• Balta Flowcrete
• Delconca
• Instarmac
• Parador
• The Dixie Group
• Hyosung Swan Carpet
• EGGER
• SWISS KRONO Holding AG
• Neuhofer

These contenders are focusing on acquisitions, among other strategic measures, to expand their businesses and reinforce their market position.
 

COVID-19 Impact

The COVID-19 pandemic caused unprecedented disruptions in the global supply chain. The pandemic has had a significant impact on the construction industry, leading to project delays, reduced demand, safety concerns, supply chain disruptions, and increased costs.
 

The unavailability of labor and raw materials reduced the demand for new building and remodeling projects, thereby decreasing the requirement for various construction elements such as floorings. Overall, while the construction industry has been impacted by the COVID-19 pandemic, it has also demonstrated resilience and adaptability in the face of adversity. The industry is expected to continue to recover and adapt to new ways of working in the post-pandemic era.  This, in turn, will foster the industry development by 2032.
 

This market research report on flooring includes in-depth coverage of the industry with estimates & forecast in terms of volume in Billion Sq. feet and revenue in USD Billion from 2018 to 2032 for the following segments:

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Market, By Product

• Soft Flooring
• Resilient Flooring
• Non-Resilient Flooring
• Seamless Flooring

Market, By Application

• Residential
• Commercial
• Industrial

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Poland
  • Netherlands
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa