Flooring Market Size, Share & Industry Analysis, By Type (Non-Resilient {Ceramic, Wood, Laminate, and Others}, Resilient {Vinyl, and Others}, Carpets & Rugs, {Tufted, Woven, and Others}), By End-Use (Residential and Non-residential), and Regional Forecast, 2019-2026

We are in process of revamping Flooring Market with respect to COVID-19 Impact.

Inquire before buying

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, 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.

MARKET TRENDS

Request a sample to learn more about this report.

Increasing Remodeling and Renovations in the Residential and Commercial Buildings to drive the market growth

The increasing demand for remodeling and renovation in residential and commercial buildings is expected to spike the demand for these products. Nowadays, many people use renovation and remodeling methods as ideal choices for interior designing and to change the appearance and structure of buildings. Rising consumer expenditure for interior designing will surge the demand for remolding and renovation. The use of these products for remodeling and renovation is increasing owing to their long-lasting and cost-effective properties that keep buildings up-to-date. Additionally, rising government investments to improve public recreational spaces, hospitals, schools, and transport facilities will lead to the consumption of these products. Hence, these factors will help to fuel the market growth during the forecast period.

MARKET DRIVERS

Increasing Demand for Vinyl Flooring in Residential and Non-residential Buildings to Drive the Market

Vinyl is utilized as a multipurpose material in tiling applications, wherein luxury vinyl tile is majorly used. It is resistant to mildew, moisture, and mold, which makes it a suitable flooring choice for the applications where moisture and occasional spills are the main issues. It is easy to install, durable, and available at low cost, which additionally contributes to its growing popularity in the range of residential and non-residential buildings. Hence, the rising use of vinyl in residential and non-residential buildings will lead to a surge in the growth of this market.

Rising Need for Multistory Buildings to Drive the Demand for Flooring Products

 Multistory buildings are preferred over private houses in both residential and commercial sectors. Increasing population and consumer expenditure have led to a demand for residential multistory buildings, whereas, the growth in commercial multistory buildings is attributed to the rising industrialization and urbanization in developing countries. Government initiatives to develop smart cities are expected to increase market demand. Additionally, the rapidly growing real-estate sector has further contributed to the growth of multistory buildings. Hence, these positive factors propel the demand for tiling during the forecast period.

MARKET RESTRAINT

Environmental Concerns Surrounding Flooring Waste Management to Restrict Market Growth

The improper management of disposing and recycling of waste generated during the production or after-use of flooring materials is anticipated to hinder the market growth. The improper waste management can cause serious negative environmental impacts such as harmful infectious diseases, obstruction of drains, land and water pollution, and loss of biodiversity. These factors are anticipated to hamper the market growth.

SEGMENTATION

By Type Analysis

To know how our report can help streamline your business, Speak to Analyst

Non-Resilient Segment to Remain the Dominant Type of Flooring during the Forecast Period

Based on type, the flooring industry is classified into non-resilient, resilient, and carpets & rugs. The non-resilient segment is further classified into ceramic, wood, laminate, and others. Similarly, the resilient segment is further bifurcated into vinyl and others. Also, carpets & rugs segment is further divided into tufted, woven, and others. The non-resilient segment accounted for the highest revenue share in which ceramic sub-segment is the most significant type. 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.

In a resilient segment, vinyl is anticipated to disrupt the market due to its durability and moisture-resistant properties. 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. The tufted carpet is used for wall-to-wall carpeting. It is ideal for those rooms where heavy furniture is placed.

By End-Use Analysis

Residential Segment to Account for Major Share during the Forecast Period

In terms of end-use, this market is segmented into residential and non-residential. The residential segment is the leading contributor to the growth of this market. The growth in residential segment is attributed to the rising population and consumer disposable income. Further, rising need for renovation and remodeling to maintain the look of the buildings and keep them up-to-date will surge the growth of these products from residential buildings. Hence, the growth in residential buildings will fuel the market demand.

On the other side, non-residential segment is expected to experience fast growth owing to rapidly growing need for commercial buildings including hospitals, offices, and institutes.

REGIONAL ANALYSIS

To get more information on the regional analysis of this market, Request a sample

The market size in Asia-Pacific stood at USD 185.4 billion in 2018. 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. The market in Europe is to be governed by the usage of ceramics and vinyl in non-residential buildings. Additionally, rising consumer expenditure and preference for luxurious living spaces would drive this market in Europe.

The market in the Middle East & Africa is in the growth stage of its life cycle, owing to rising demand for flooring from several large-sized construction projects, and thus, shall gain market share during the forecast period. In North America and South America, the market is expected to witness significant growth owing to the increasing need for remodeling and renovation of private as well as multistory houses.

KEY INDUSTRY PLAYERS

Key Players Use Organic and Inorganic Growth Strategies to Maintain Their Position in the Market         

At present, this market is fragmented due to presence of many players around the globe. Key players in the market have invested a considerable amount of resources in research and development to come out with different flooring products. A diversified product portfolio, supported by superior operational efficiency and safe & novel technology development for the applications, are the strategies used by the market leaders for their growth. The companies have adopted the strategies of new product development, expansion, joint venture, and acquisition to increase their regional presence and product portfolio.

LIST OF KEY COMPANIES PROFILED:

• Mohawk Industries


• Shaw Industries Group, Inc. 


• TARKETT


• Armstrong Flooring


• Forbo


• Gerflor


• Interface


• Beaulieu International


• Toli Corporation


• Milliken & Company


• Congoleum


• Flowcrete


• James Halstead


• The Dixie Group


• Victoria PLC


• Mannington Mills


• Balta Industries


• Swiss Krono


• LG Hausys


• Parador


• Invista


• Boa-Franc


• Kajaria Ceramics


• Nora Systems


• Engineered Floors

KEY INDUSTRY DEVELOPMENTS:

• September 2019 – Beaulieu Flooring Solutions introduced unique latex-free carpet. The product is the world’s first recyclable event carpet, primarily manufactured for entrance halls, fair stands, and corridors. This product launch will help the company to expand its product portfolio.


• December 2017 – Armstrong Flooring, Inc. completed the acquisition of the Vinyl Composition Tile (VCT) business of Mannington Mills. This acquisition will benefit the company to earn more revenue in 2018 and to expand its business.

REPORT COVERAGE

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.

To gain extensive insights into the market, Request for Customization

Report Scope & Segmentation