Flooring Market Share, Size, Trends, Industry Analysis Report, 2024 - 2032
Flooring Market Share, Size, Trends, Industry Analysis Report, 2024 - 2032

Flooring Market Share, Size, Trends, Industry Analysis Report, By Product (Soft Covering, Resilient, Non-resilient, Carpets and Rugs); By Application (Residential, Commercial, Industrial); By Region; Segment Forecast, 2024 - 2032

  • Published Date:Jan-2024
  • Pages: 115
  • Format: PDF
  • Report ID: PM1269
  • Base Year: 2023
  • Historical Data: 2019-2022

Report Outlook

The global flooring market size was valued at USD 335.91 billion in 2023. The market is anticipated to grow from USD 367.59 billion in 2024 to USD 760.86 billion by 2032, exhibiting the CAGR of 9.5% during the forecast period.

A rise in renovation and remodeling projects, as well as the expanding do-it-yourself trend, are predicted to enhance market demand. Another significant factor influencing the flooring market is rising construction growth. In the upcoming years, rising FDI in Asian industry and infrastructure would boost product demand.

Flooring Market Size
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Flooring is perfect for use in challenging industrial environments since it is waterproof and slip-resistant. They are long-lasting, easy to maintain, antimicrobial, and resistant to a wide range of environmental factors. They are frequently observed in professional contexts like companies, hotels, manufacturing sites, and fitness centers.

By providing a wide range of custom designs and enhancing the texture and color of the floor, industrial flooring is often utilized to enhance the visual appeal of the floor. The development of the flooring market is projected to be fueled by the creation of hassle-free installation methods, the accessibility of creative construction solutions, and the growing preference for environmentally friendly products.

A strict regulatory structure that governs the creation, consumption, use, and recycling is also anticipated to positively affect flooring market expansion. The majority of operations in the automotive sector are medium- and heavy-duty ones. Moving heavy equipment and parts frequently, working at high temperatures, spilling oils and lubricants, etc., can permanently harm the floor and increase the risk of accidents.

Test tracks and warehouses are essential components of operations in the automobile sector and need to have the right flooring. The need for anti-slip, anti-static, thermally stable floors has increased as a result of growing employee safety concerns, and this demand is anticipated to fuel the growth of the flooring market over the coming years.

The epidemic has had a significant global influence on the construction sector. The lack of raw resources was caused by the limits on material mobility. The lockdown restrictions and regulations also made it difficult for contractors and developers to complete their tasks. This issue caused delays in ongoing and new infrastructure projects.

In China, Japan, the U.S., and India, the designers and contractors suspended or canceled their construction plans for the first quarters of 2020. However, the primary trend for industry recovery following the COVID-19 effects will be government infrastructure programs for developing and improving healthcare facilities.

Flooring Market
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Industry Dynamics

Growth Drivers
Private homes are preferable to multistory buildings in both the residential and commercial sectors. The need for multistory residential structures has been fueled by rising consumer spending and population growth. As per the Our World in Data, globally, upwards of 4 billion people reside in urban areas, and by 2050, it is anticipated that more than two-thirds of the worldwide people will be living in urban areas.

In 2050, it is predicted that about 7 billion people will reside in metropolitan areas. However, the rise in industrialization and urbanization in developing nations is what is responsible for the increase in commercial multistory structures.

The market demand is anticipated to rise as a result of government attempts to create smart cities. As per the IBEF, the Smart Cities Mission in India would receive US$ 868 million underneath the Union Budget 2021–22 as opposed to US$ 457 million in FY21. As of March 2021, the Smart City Project's total allotted investments were worth US$27.60 billion.

Additionally, 5,614 projects totaling US$ 23.29 billion have indeed been put up for bid, 4,912 projects totaling US$ 18.83 billion have maintenance requests, and 2,420 projects totaling US$ 5.40 billion have already been finished as of March 2021. In attaining urban change, the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and the Smart Cities Mission are quite similar. The Smart Cities Mission employs a region strategy, in contrast to AMRUT's project-based methodology. Thus the demand for the industry has increased.

Report Segmentation

The market is primarily segmented based on product, application, and region.

By Product

By Application

By Region

  • Soft Covering
  • Resilient
    • Vinyl
    • Others
  • Non-resilient
    • Ceramic
    • Wood
    • Laminate
    • Others
  • Carpets and Rugs
    • Tufted
    • Woven
    • Others
  • Residential
  • Commercial
  • Industrial
  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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Vinyl is expected to witness the fastest growth

Vinyl is employed as a versatile material in tile applications, primarily in the form of luxury vinyl tile. Due to its resistance to humidity and bacteria, it is ideal in situations where accidental spills are the main problem.

Additionally, because of its lower price, simple installation, and sturdiness, this finishing material is becoming more and more popular in both residential and non-residential buildings. This market will grow as a result of the increased usage of vinyl in both household and non-residential structures.

Non-resilient industry accounted for the highest market share in 2021

The non-resilient category, of which the ceramic sub-segment is the most important type, had the biggest revenue share. Ceramic tiles have a thin layer of protection on their surface that prevents stains and water damage from spreading.

Additionally, they offer a tougher surface, simple upkeep, no allergy issues, and longevity. The utilization of these properties rises mostly on residential floors. Laminate flooring is a low-cost option that looks like stone and wood. This market's expansion is driven by the rising demand for flooring that is simple to install.

Vinyl's durability and water resistance are expected to cause industry disruption in the resilient sector. The market will be largely driven by the rising use of luxury floorings in both residential and commercial structures. The largest type of carpets and rugs is the woven sub-segment. Wall-to-wall carpeting is made of tufted carpet. It is perfect for spaces with heavy furniture.

Residential Industry is expected to hold the significant revenue share

The primary driver of this market's growth is the residential sector. Due to the simple availability of house loans, the housing sector is predicted to grow favorably in rising economies, including India, China, and the Middle Eastern nations, throughout the forecast period. Additionally, improvements in installation services are probably going to fuel the industry's expansion. The growing population and rising disposable income of consumers are responsible for this growth.

Additionally, the growing need for renovation services to improve the appearance of buildings will drive up demand for flooring in the residential market. Therefore, the expansion of the flooring industry will be fueled by the increase in residential construction.

Over the forecast period, the commercial application sector is expected to rise due to increasing demand for flooring that is both cost-effective and extremely durable for usage in high-traffic commercial spaces. The commercial industry is also being driven by the creation of new goods and straightforward installation methods. Expanding modern workplaces, increasing commercial space remodeling projects, and quick industrialization in developing nations are all predicted to contribute to the segment's growth.

The demand in Asia-Pacific is expected to witness significant growth

The market was dominated by the Asia Pacific. The government's initiatives to advance India's building industry have had a substantial positive impact on the expansion of the market. It is projected that the government of India's Housing for All projects will help to sustain product demand. This might be ascribed to rising anticipated investments and organized regulations for building projects in Southeast Asia, China, and India.

Additionally, the area market would be further stimulated by fast industrialization. The main drivers of the market expansion in China are the country's expanding population and the demand for new infrastructure and structures. The growth of the regional market is likely to be aided by shifting customer preferences and the demand for better designs and more product variety.

Over the projection period, it is expected that there will be an increase in demand for flooring in North America. The market is projected to see growth prospects due to the developed construction industries in the U.S. and Canada and the region's growing demand for single-family homes. Also, due to the existence of leading manufacturers and technical advancements, Europe is predicted to have considerable growth during the forecast years.

Competitive Insight

Some of the major players operating in the global market include Armstrong Flooring, Inc., Balta Industries, Beaulieu International Group, Forbo Flooring System, Gerflor GmbH, Interface Inc., Mannington Mills, Inc., Mohawk Industries, Inc., Shaw Industries Group Inc., Toli Corporation, The Dixie Group, and Victoria PLC.

Recent Developments

  • In February 2021, Armstrong Flooring, a pioneer in the design and production of cutting-edge flooring solutions has announced the launch of Exchange and Theorem, two new luxury flooring lines. The proprietary Diamond 10 Technology and 2.5 mm construction of both collections, which are both authentically made in the USA, provide classification scratch, stain, and abrasion performance.

Flooring Market Report Scope

Report Attributes


Market size value in 2024

USD 367.59 billion

Revenue forecast in 2032

USD 760.86 billion


9.5% from 2024 - 2032

Base year


Historical data

2019 - 2022

Forecast period

2024 - 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Product, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key Companies

Armstrong Flooring, Inc., Balta Industries, Beaulieu International Group, Forbo Flooring System, Gerflor GmbH, Interface Inc., Mannington Mills, Inc., Mohawk Industries, Inc., Shaw Industries Group Inc., Toli Corporation, The Dixie Group, and Victoria PLC