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Hard Surface Flooring Market Trends

Report ID: GMI6149
Published Date: Jul 2023
Report Format: PDF

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Hard surface flooring Market Trends

Flooring solutions that are waterproof & water resistant are gaining popularity as consumers are becoming increasingly informed about the damaging effects of water on traditional flooring. Luxury vinyl, porcelain tiles, and engineered wood products are the popular choices for kitchens, bathrooms & basements due to their water-resistant & waterproof properties, making them suitable for areas susceptible to water damage. Environmental considerations are also influencing the hard surface flooring market.

There is a high consumer demand for sustainable flooring options, and products created from recycled, renewable materials & environmental-friendly manufacturing processes. Producers are providing tailored choices as consumers are seeking distinctive patterns & colors and bespoke solutions matching their individual preferences & styles. These factors are predicted to accelerate the market statistics during the forecast timeframe.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of hard surface flooring reached USD 4.88 billion in 2022 and is projected to expand at 3.1% CAGR during 2023 to 2032, backed by the expansion of the residential & commercial sectors that has led to boom in construction & refurbishment initiatives.

The vinyl flooring accounted for a major industry value of USD 138 million in 2022 due to the fact that luxury vinyl tiles have become highly sought-after in recent years for their look, feel, and favorable features.

The U.S. dominated North America hard surface flooring industry size with a major revenue of USD 1.22 billion in 2022 and will generate significant returns from 2023-2032, owing to the growing housing sector and increasing investment in house redevelopment initiatives.

Mohawk Industries, Shaw Industries, Armstrong Flooring, Tarkett, Mannington Mills, Congoleum, Beaulieu International Group, Interface, and Karndean Designflooring