Flooring Market: Summary

The Global Flooring Market is estimated to reach USD 343.6 Billion by 2024 at a CAGR of 5.2%

Flooring represents an important part of any infrastructure. It can be termed as the covering over the floor, which provides cleaner, smoother, and durable surface. Flooring not only impart protection to the surface through covering, but can also give better aesthetic appeal of the room or the area of use. Various types of flooring can be done over a surface depending upon the purposes such as wood flooring, vinyl flooring, stone and marble flooring, tile flooring, asphalt flooring, and mud flooring Due to various advantages and wide range of flooring available, it is extensively used in residential, commercial and industrial sector.

Flooring Market: Drivers & Restraints

Market Drivers:

Ongoing Construction Activities Across Residential and Non Residential Sector

The flooring market is mainly driven in past few years owing to the rising count of the construction projects for development and boosting the infrastructural growth across both developing and developed economies. As per the report published by Oxford Economics, the global construction volume is likely to grow by 85% at the end of the year 2030. Globally, with the rising need for better and more sustainable infrastructure, there exist the higher requirement for the new construction, which gives further opportunities for new construction projects. Also, the continuous renovation and refurbishment activities by the potential customers is also expected to increase the demand for flooring during forecast period.

Growing Global Population, Rise in Per Capita Income Along with Betterment in Living Standard

With the growing global population at the alarming rate, the demand for construction is on peak. The growing population worldwide in combination with the rise in disposable income of the potential customer is fueling the demand for flooring uphill. To drag this further, the increase in the standard of living owing to high per capita income, has created higher demand for different types of flooring. Also, increasing migration of the population from the rural and sub-urban areas to the urban regions has also created higher demand for more residential apartments in the urban areas, which is expected to push the demand for flooring.

Market Restraints:

High Raw Material Prices

The growth of the global flooring market is mainly hampered by the high prices of the raw materials. With the volatile raw material cost, higher pressure is exhibited in the tariffs and margins for flooring materials and ultimately impacts the market demand. Also, the hike in the polymer cost along with the oil prices affects the manufacturers along with the suppliers, leading to the cost increase on the year on year basis.

Flooring Market: Key Segments

This market research report offers a comprehensive analysis of key market trends in the global flooring market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by tactful feedbacks.

On the basis of type, the market is segmented into: Tiles Flooring, Wood and Laminate Flooring, Mosaic Flooring, Stone Flooring, Carpet Flooring, and Others

By application, the market is segmented into: Residential, Commercial, Industrial, and Others

On the basis of geography, the market is segmented into: North America, Europe, Asia-Pacific, Middle East & Africa, and South America with individual country-level analysis.

Flooring Market: Key Segments

The report on the flooring market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features Specifics Historical/Estimated/Forecasted Market Size Years 2017-2024 Base Year for Market Calculation 2018 Forecasted Period 2019-2024 (2019 estimated year, forecasted up to 2024) Measured Units Value (USD Million) Volume (Million Square Meter) Segments Included Type, Application Regional Coverage Asia-Pacific, North America, Europe, Middle East & Africa, South America

Key Companies Covered

Mohawk Group (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)

Homag Group AG

Shaw Industries Group

Congoleum Corporation

Tarkett S.A.

USG Corporation

Owens Corning

Beaulieu International Group N.V.

Interface, Inc.

Mannington Mills Inc.

Metroflor Corporation

Engineered Floors LLC

Other Key Companies

Flooring Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Flooring Market, by Type

Tiles Flooring

Wood and Laminate Flooring

Mosaic Flooring

Stone Flooring

Carpet Flooring

Others

Flooring Market, by Application

Residential

Commercial

Industrial

Others

Flooring Market, by Region

Asia-Pacific China India Japan South Korea Australia Rest of Asia-Pacific

North America US Canada Mexico

Europe Germany UK France Italy Spain Rest of Europe



Middle East & Africa Saudi Arabia UAE Rest of Middle East & Africa



South America Brazil Argentina Rest of South America



Key Questions answered by the report

What are the major developments impacting the global market and its growth?

What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?

What are the evolving types of the global market?

What are the evolving applications of global market?

What are the major characteristics that will affect the global market growth during the study period?

Who are the key global players operating in the market?

How are the major players leveraging in the existing global market conditions?

Report Audience

Flooring Market Providers

Flooring Market Solution and Services Suppliers, Distributors and Dealers

End-Users of Varied Segments of Flooring Market

Government Bodies and Intellectual Institutions

Associations and Industrial Organizations

Research & Consulting Service Providers

Research & Development Organizations