Flooring Industry Data Book Covers Ceramic Tiles, Resilient Flooring, Soft Covering Flooring, Wood Laminate Flooring Markets.
The economic value generated by theflooring industrywas estimated at approximately USD 266.48 billion in 2022.
Grand View Researchs flooring industry data book is a collection of market sizing information forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.
Flooring MarketInsights
The global flooring market size was valued at USD 266.48 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030.
The vitrified (Porcelain) tile segment led the market and accounted for 27.7% of revenue share in 2022. This is owing to the properties of porcelain tiles such as additional strength, and more durability as compared to general ceramic tiles. These tiles can withstand extreme temperatures and are made from ultrafine and denser clays.
The residential application segment dominated the market and accounted for 49.4% of the revenue share in 2022 in the market. The residential end-use segment includes residential buildings, apartments, complexes, and small houses. Subsidies from governments for first-time homebuyers in developing and developed economies have positively affected the growth of the residential sector.
Ceramic Tiles Market Insights
The global ceramic tiles market size was estimated at USD 355.31 billion in 2021 and is expected to witness a CAGR of 7.1% from 2022 to 2030.
Porcelain tiles led the market and accounted for about 54% share of the revenue in 2021. These tiles are made from fine, denser clay, and are fired at extreme temperatures, thereby offering superior durability to the flooring with exposure to high traffic.
Flooring applications led the market and accounted for about 54% share of the revenue in 2021. Increasing demand from commercial construction including hotels and shopping malls is expected to drive the product demand as these tiles offer cost-effectiveness along with superior aesthetics.
The commercial end-use segment held the major share of the market and accounted for about 54% share of the revenue in 2021. Rising demand for highly durable and cost-efficient ceramic flooring for use in high-traffic commercial and industrial sectors is projected to drive market growth during the forecast period.
Access the Global Flooring Industry Data Book, 2022 to 2030, compiled with details like market sizing information forecasts, trade data, pricing intelligence, competition benchmarking, macro-environmental analyses, and regulatory technological framework studies
Resilient Flooring Market Insights
The global resilient flooring market size was USD 38.39 million in 2022 and is expected to register a growth of 6.9% over the forecast period.
Luxury vinyl tiles led the market and accounted for the largest revenue share of 39.1% in 2022 and is also expected to be the fastest-growing market with a CAGR of 7.9% during the forecasted years. Luxury Vinyl Tile (LVT) is one of the favorable product segments in the global resilient flooring market on account of the durability and low-cost benefits of these tiles.
The non-residential segment led the market and accounted for the largest revenue share of 64.5% in 2022. Improved technology used in the manufacturing of resilient flooring helps imitate natural stone and wood flooring and create textures and patterns similar to such flooring, which is projected to play a major role in driving the product demand from application industries. In addition to natural colors and patterns, any pattern and color combination of customer choice can be created in resilient flooring.
Soft Covering Flooring Market Insights
The global soft covering flooring market size was estimated at USD 81.87 billion in 2017 and expected to register a CAGR of 3.2% from 2018 to 2025.
Carpet tiles segment is expected to expand at a CAGR 3.6% in terms of revenue, from 2018 to 2025 on account of the convenience of rotation and replacement that the product offers. Besides, carpet tiles aid access to the electrical, telephone, sub-floor air delivery systems, and computer wirings with minimum operation disruption thereby driving the product demand.
The residential segment is responsible for 56.5% of the industry sales volume in 2017 on account of increasing replacement and refurbishing activities. Also, growth in population coupled with the rise in the number of nuclear families across the globe is expected to drive the demand from the residential application segment over the forecast period.
Wood Laminate Flooring Market Insights
The global wood and laminate flooring market size was valued at USD 63.01 billion in 2018 and is anticipated to expand at a CAGR of 5.3% over the forecast period.
Products such as engineered, deck, and solid wood flooring are widely used in residential and commercial structures for enhancement of aesthetics. Engineered hardwood floorings are gaining popularity owing to easy design customization and availability of a variety of wood species to enhance the aesthetics. Moreover, the engineered wood is cheaper as compared to solid wooden floors.
Green Image artifacts are anticipated to drive the demand for wood and laminate flooring in the forthcoming years. Drastic environmental conditions in some regions necessitate the installation of wooden products, as they remain candid to dynamic environments.
Flooring Market Global Industry Segmentation
Ceramic Tiles Market Analysis, By Product, 2018 - 2030 (Volume, Million Square Meters; Revenue, USD Million)
Product Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Product, 2018 - 2030 (Million Square Meters) (USD Million)
- Glazed Ceramic Tiles
- Porcelain Ceramic Tiles
- Scratch Free Ceramic Tiles
- Other Tiles
Ceramic Tiles Market Analysis, By End-use, 2018 - 2030 (Volume, Million Square Meters; Revenue, USD Million)
End-use Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By End-use, 2018 - 2030 (Million Square Meters) (USD Million)
- Residential
- Non-residential
Resilient Flooring Market Analysis, By Product, 2018 - 2030 (Volume, Million Square Meters; Revenue, USD Million)
Product Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Product, 2018 - 2030 (Million Square Meters) (USD Million)
- Luxury Vinyl Tiles
- Viny Sheet Floor Tile
- Linoleum
- Cork
- Rubber
Resilient Flooring Market Analysis, By End-use, 2018 - 2030 (Volume, Million Square Meters; Revenue, USD Million)
End-use Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By End-use, 2018 - 2030 (Million Square Meters) (USD Million)
- Residential
- Commercial
Soft Covering Flooring Market Analysis, By Product, 2018 - 2030 (Volume, Million Square Meters; Revenue, USD Million)
Product Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Product, 2018 - 2030 (Million Square Meters) (USD Million)
- Broadloom
- Carpet Tiles
Soft Covering Flooring Market Analysis, By End-use, 2018 - 2030 (Volume, Million Square Meters; Revenue, USD Million)
End-use Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By End-use, 2018 - 2030 (Million Square Meters) (USD Million)
- Residential
- Commercial
Wood Laminate Flooring Market Analysis, By Product, 2018 - 2030 (Volume, Million Square Meters; Revenue, USD Million)
Product Movement Analysis Market Share, 2022 2030
Market Estimates and Forecasts By Product, 2018 - 2030 (Million Square Meters) (USD Million)
- Wood Floor
- Laminate Floor
Order your copy of the Free Sampleof Flooring Industry Data Book - Ceramic Tiles, Resilient Flooring, Soft Covering Flooring, Wood Laminate Flooring Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030 Data Book, published by Grand View Research
Flooring Industry Data Book Regional Outlook
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- Spain
- Russia
- Romania
- Czech Republic
- Portugal
- Ukraine
- Slovakia
- Hungary
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Indonesia
- Philippines
- Vietnam
- Latin America
- Brazil
- Argentina
- Middle East Africa (MEA)
- Saudi Arabia
- UAE
- Israel
- Egypt
- Qatar
- South Africa
- Morocco
Flooring Industry Data Book Competitive Landscape
The manufacturers aim to achieve optimum business growth and strong market position through implementation of various strategies such as acquisitions, new product launch, collaborations, and strengthening of distribution network in the global as well as regional markets.
Key players operating in the flooring industry are
- Mohawk Industries, Inc.
- Tarkett, S.A.
- AFI Licensing
- Burke Flooring Products, Inc.
- Forbo Flooring
- Shaw Industries, Inc.
- Interface, Inc.
- Gerflor
- Mannington Mills, Inc.
- Polyflor
- RAK Ceramics
- Crossville Inc.
- Atlas Concorde S.P.A.
- Porcelanosa Group
- Kajaria Ceramics Limited
Go through thetable of content of Flooring Industry Data Bookto get a better understanding of the Coverage Scope of the study
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