HOME Top Market Reports Flooring Market Type by Material (Carpets & Rugs, Resilient (Vinyl, Cork, Linoleum, Rubber, Resin), Non-resilient (Ceramic, Stone, Wood, Laminate)), End-use (Residential, Non-residential), and Region - Global Forecast to 2023

Flooring Market Type by Material (Carpets & Rugs, Resilient (Vinyl, Cork, Linoleum, Rubber, Resin), Non-resilient (Ceramic, Stone, Wood, Laminate)), End-use (Residential, Non-residential), and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: May 2018
Report Code: BC 3497

 

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The flooring market was valued at USD 324.26 Billion in 2017 and is projected to reach USD 447.74 Billion by 2023, at a CAGR of 5.7% during the forecast period. The base year considered for the study is 2017 and the forecast period is from 2018 to 2023.

The report aims at estimating the market size and future growth potential of the flooring market across different segments on the basis of type, by material, end-use industry, and region. It also provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report further aims to study individual growth trends, future prospects, and contribution of various segments to the overall market. The study also analyzes the opportunities in the market for stakeholders and provides details of the competitive landscape for market leaders. It strategically profiles key players and comprehensively analyzes their core competencies.

The research methodology used to estimate and forecast the size of the flooring market started with capturing data on flooring materials consumption, price of flooring materials through secondary research from sources such as ACIMAC (Association of Italian Manufacturers of Machinery and Equipment for Ceramics), ANPM (National Hardwood Flooring Association Brazil), and companies’ annual reports. Vendor offerings were taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall size of the flooring market by estimating the market size of each flooring material. After arriving at the overall market size, the total market was split into end-use industry segment, which was then verified through primary research by conducting extensive interviews with key personnel, such as CEOs, VPs, directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary participants is depicted in the figure below:

Flooring Market

To know about the assumptions considered for the study, download the pdf brochure

The market ecosystem includes various stakeholders involved in the supply chain of the flooring market starting from the procurement of raw materials to final product manufacturing. Post this, the marketing and sales of products take place, which is possible if an efficient distribution channel is developed. Finally, end products are made available to potential consumers. The market for flooring is led by major players such as Mohawk Industries (US), Shaw Industries (US), Tarkett (France), Armstrong Flooring (US), Forbo (Switzerland), Gerflor (France), Interface (US), Beaulieu International (Belgium), TOLI Corporation (Japan), and Milliken & Company (US).

Target Audience:

  • Raw material suppliers
  • Flooring manufacturers
  • Flooring material suppliers and distributors
  • End users
  • Associations and industry bodies
  • Government & regulatory bodies

 Scope of the Report:

The flooring market has been segmented into the following submarkets:

By type, by Material:

  • Resilient flooring
  • Vinyl (LVT, VCT, vinyl sheet, and fiberglass)
  • Others (Cork, linoleum, rubber, and resin)
  • Non-resilient flooring
  • Ceramic tiles
  • Wood
  • Laminate
  • Stone
  • Others (Bamboo and terrazzo)
  • Carpets & rugs

By End-use Industry:

  • Residential
  • Non-residential

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs. The following customization options are available for the flooring report:

Product Analysis

  • Product Matrix, which offers a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further analysis of flooring market for additional countries

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regional Scope
           1.3.2 Periodization Considered
    1.4 Currency Considered
    1.5 Unit Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.5 Research Assumptions
    2.6 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Flooring Market
    4.2 Flooring Type Market, By Material
    4.3 Flooring Market, By Type
    4.4 Flooring Market, By End-Use Industry
    4.6 Flooring Market, By Country & Type
    4.7 Flooring Market: Geographic Snapshot

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rise in Population & Rapid Urbanization
                    5.2.1.2 Increase in Investments in the Construction Industry
                    5.2.1.3 Rise in the Number of Renovation & Remodeling Activities
                    5.2.1.4 Rapid Industrialization
           5.2.2 Restraints
                    5.2.2.1 Volatile Raw Material Prices
                    5.2.2.2 Rise in Health and Environmental Concerns
           5.2.3 Opportunities
                    5.2.3.1 Growth of the Organized Retail Sector
                    5.2.3.2 Rise in Demand From Emerging Economies
           5.2.4 Challenges
                    5.2.4.1 Disposal of Waste

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Porter’s Five Forces Analysis
           6.2.1 Threat of New Entrants
           6.2.2 Threat of Substitutes
           6.2.3 Bargaining Power of Suppliers
           6.2.4 Bargaining Power of Buyers
           6.2.5 Intensity of Competitive Rivalry
    6.3 Macroeconomic Indicators
           6.3.1 Introduction
           6.3.2 Trends and Forecast of GDP
           6.3.3 Contribution of the Construction Industry to the GDP, By Country
           6.3.4 Ceramic Tiles Production Across Regions (Million Square Meter)

7 Flooring Type Market, By Material (Page No. - 49)
    7.1 Introduction
    7.2 Resilient Flooring
           7.2.1 Vinyl
           7.2.2 Others (Cork, Linoleum, Rubber, and Resin)
    7.3 Non-Resilient Flooring
           7.3.1 Ceramic Tiles
           7.3.2 Wood
           7.3.3 Laminate
           7.3.4 Stone
           7.3.5 Others (Bamboo, Terrazzo)
    7.4 Soft Floor Covering/Carpets & Rugs

8 Flooring Market, By End-Use Industry (Page No. - 56)
    8.1 Introduction
    8.2 Residential
    8.3 Non-Residential

9 Flooring Market, By Region (Page No. - 60)
    9.1 Introduction
           9.1.1 Flooring Market Size, By Region
    9.2 Asia Pacific
           9.2.1 China
           9.2.2 Japan
           9.2.3 India
           9.2.4 Australia
           9.2.5 South Korea
           9.2.6 Rest of Asia Pacific
    9.3 North America
           9.3.1 US
           9.3.2 Canada
           9.3.3 Mexico
    9.4 Europe
           9.4.1 Germany
           9.4.2 UK
           9.4.3 France
           9.4.4 Russia
           9.4.5 Spain
           9.4.6 Netherlands
           9.4.7 Rest of Europe
    9.5 Middle East & Africa
           9.5.1 UAE
           9.5.2 Saudi Arabia
           9.5.3 South Africa
           9.5.4 Turkey
           9.5.5 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 128)
     10.1 Overview
     10.2 Market Ranking
     10.3 Competitive Scenario
             10.3.1 New Product Launches
             10.3.2 Expansions & Investments
             10.3.3 Acquisitions
             10.3.4 Partnerships
             10.3.5 Divestitures

11 Company Profiles (Page No. - 135)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     11.1 Mohawk Industries
     11.2 Shaw Industries
     11.3 Tarkett
     11.4 Armstrong Flooring
     11.5 Forbo
     11.6 Gerflor
     11.7 Interface
     11.8 Beaulieu International
     11.9 Toli Corporation
     11.10 Milliken & Company
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     11.11 Other Players
             11.11.1 Congoleum
             11.11.2 Flowcrete
             11.11.3 James Halstead
             11.11.4 The Dixie Group
             11.11.5 Victoria PLC
             11.11.6 Mannington Mills
             11.11.7 Balta Industries
             11.11.8 Swiss Krono
             11.11.9 LG Hausys
             11.11.10 Parador
             11.11.11 Invista
             11.11.12 Oriental Weavers
             11.11.13 Boa-Franc
             11.11.14 Kajaria Ceramics
             11.11.15 Nora Systems

12 Appendix (Page No. - 169)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Introducing RT: Real-Time Market Intelligence
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (146 Tables)

Table 1 Conversion Rates, 2014–2017
Table 2 Regional Urbanization Prospects
Table 3 Industrial Production Growth Rate (%), 2017
Table 4 GDP (Current Prices), By Country, 2015–2022 (USD Billion)
Table 5 North America: Contribution of the Construction Industry to GDP, By Country, 2014–2021 (USD Billion)
Table 6 Europe: Contribution of Construction Industry to GDP, By Country, 2014–2021 (USD Billion)
Table 7 Asia Pacific: Contribution of Construction Industry to GDP, By Country, 2014–2021 (USD Billion)
Table 8 Middle East & Africa: Contribution of Construction Industry to GDP, By Country, 2014–2021 (USD Billion)
Table 9 South America: Contribution of Construction Industry to GDP, By Country, 2014–2021 (USD Billion)
Table 10 Flooring Type Market Size, By Material, 2016–2023 (USD Billion)
Table 11 Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 12 Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 13 Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 14 Flooring Market Size, By Region, 2016–2023 (USD Billion)
Table 15 Flooring Market Size, By Region, 2016–2023 (Million Square Meter)
Table 16 Asia Pacific: Flooring Market Size, By Country, 2016–2023 (USD Billion)
Table 17 Asia Pacific: Flooring Market Size, By Country, 2016–2023 (Million Square Meter)
Table 18 Asia Pacific: Flooring Type Market Size, By Material, 2016–2023 (USD Billion)
Table 19 Asia Pacific: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 20 Asia Pacific: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 21 Asia Pacific: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 22 China: Flooring Type Market Size, By Material, 2016–2023 (USD Billion)
Table 23 China: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 24 China: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 25 China: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 26 Japan: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 27 Japan: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 28 Japan: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 29 Japan: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 30 India: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 31 India: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 32 India: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 33 India: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 34 Australia: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 35 Australia: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 36 Australia: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 37 Australia: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 38 South Korea: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 39 South Korea: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 40 South Korea: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 41 South Korea: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 42 Rest of Asia Pacific: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 43 Rest of Asia Pacific: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 44 Rest of Asia Pacific: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 45 Rest of Asia Pacific: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 46 North America: Flooring Market Size, By Country, 2016–2023 (USD Billion)
Table 47 North America: Flooring Market Size, By Country, 2016–2023(Million Square Meter)
Table 48 North America: Flooring Type Market Size, By Material, 2016–2023 (USD Billion)
Table 49 North America: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 50 North America: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 51 North America: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 52 US: Flooring Type Market Size, By Material, 2016–2023 (USD Billion)
Table 53 US: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 54 US: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 55 US: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 56 Canada: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 57 Canada: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 58 Canada: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 59 Canada: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 60 Mexico: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 61 Mexico: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 62 Mexico: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 63 Mexico: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 64 Europe: Flooring Market Size, By Country, 2016–2023 (USD Billion)
Table 65 Europe: Flooring Market Size, By Country, 2015–2022 (Million Square Meters)
Table 66 Europe: Flooring Type Market Size, By Material, 2016–2023 (USD Billion)
Table 67 Europe: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 68 Europe: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 69 Europe: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 70 Germany: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 71 Germany: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 72 Germany: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 73 Germany: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 74 UK: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 75 UK: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 76 UK: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 77 UK: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 78 France: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 79 France: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 80 France: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 81 France: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 82 Russia: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 83 Russia: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 84 Russia: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 85 Russia: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 86 Spain: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 87 Spain: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 88 Spain: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 89 Spain: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 90 Netherlands: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 91 Netherlands: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 92 Netherlands: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Million)
Table 93 Netherlands: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 94 Rest of Europe: Flooring Type Market Size, Material, 2016–2023 (USD Million)
Table 95 Rest of Europe: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meter)
Table 96 Rest of Europe: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 97 Rest of Europe: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meter)
Table 98 Middle East & Africa: Flooring Market Size, By Country, 2016–2023 (USD Billion)
Table 99 Middle East & Africa: Flooring Market Size, By Country, 2016–2023 (Million Square Meters)
Table 100 Middle East & Africa: Flooring Type Market Size, By Material, 2016–2023 (USD Billion)
Table 101 Middle East & Africa: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 102 Middle East & Africa: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 103 Middle East & Africa: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 104 UAE: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 105 UAE: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 106 UAE: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 107 UAE: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 108 Saudi Arabia: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 109 Saudi Arabia: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 110 Saudi Arabia: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 111 Saudi Arabia: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 112 South Africa: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 113 South Africa: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 114 South Africa: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 115 South Africa: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 116 Turkey: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 117 Turkey: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 118 Turkey: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 119 Turkey: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 120 Rest of Middle East & Africa: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 121 Rest of Middle East & Africa: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 122 Rest of Middle East & Africa: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 123 Rest of Middle East & Africa: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 124 South America: Flooring Market Size, By Country, 2016–2023 (USD Billion)
Table 125 South America: Flooring Market Size, By Country, 2016–2023 (Million Square Meters)
Table 126 South America: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 127 South America: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 128 South America: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 129 South America: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 130 Brazil: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 131 Brazil: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 132 Brazil: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 133 Brazil: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 134 Argentina: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 135 Argentina: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 136 Argentina: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 137 Argentina: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 138 Rest of South America: Flooring Type Market Size, By Material, 2016–2023 (USD Million)
Table 139 Rest of South America: Flooring Type Market Size, By Material, 2016–2023 (Million Square Meters)
Table 140 Rest of South America: Flooring Market Size, By End-Use Industry, 2016–2023 (USD Billion)
Table 141 Rest of South America: Flooring Market Size, By End-Use Industry, 2016–2023 (Million Square Meters)
Table 142 New Product Launches
Table 143 Expansions & Investments
Table 144 Acquisitions
Table 145 Partnerships
Table 146 Divestitures


List of Figures (36 Figures)

Figure 1 Flooring Market Segmentation
Figure 2 Flooring Market: Research Design
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Flooring Market: Data Triangulation
Figure 6 Ceramic Segment to Hold the Largest Market Size By 2023
Figure 7 Non-Resilient Segment to Hold the Largest Market Share During the Forecast Period
Figure 8 Residential Segment Estimated to Lead the Flooring Market in 2018
Figure 9 Asia Pacific to Grow at the Highest Rate in the Flooring Market From 2018 to 2023
Figure 10 Rise in the Number of Renovation & Remodelling Activities to Drive the Flooring Market
Figure 11 Vinyl Segment to Record Robust Growth in the Flooring Market By 2023
Figure 12 Non-Resilient Segment to Lead the Market Through 2023
Figure 13 Non-Residential Segment to Grow at A Higher CAGR By 2023
Figure 14 Non-Resilient Segment Held the Largest Share in Asia Pacific in 2017, in Terms of Volume
Figure 15 Market in China Projected to Grow at the Highest Rate From 2018 to 2023
Figure 16 Flooring Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Share of Construction Spending, By Region, 2015 & 2020
Figure 18 Porter’s Five Forces Analysis
Figure 19 Flooring Type Market Size, By Material, 2018 vs 2023 (USD Billion)
Figure 20 Flooring Market Size, By End-Use Industry, 2018 vs 2023 (USD Billion)
Figure 21 Regional Snapshot: China is Projected to Be the Fastest-Growing Country-Level Market, 2018–2023
Figure 22 Asia Pacific: Flooring Market Snapshot
Figure 23 Companies Adopted Various Growth Strategies From 2017 to 2018
Figure 24 Market Ranking of Key Players, 2017
Figure 25 Mohawk Industries: Company Snapshot
Figure 26 Mohawk Industries: SWOT Analysis
Figure 27 Shaw Industries: Company Snapshot
Figure 28 Shaw Industries: SWOT Analysis
Figure 29 Tarkett: Company Snapshot
Figure 30 Tarkett: SWOT Analysis
Figure 31 Armstrong Flooring: Company Snapshot
Figure 32 Armstrong Flooring: SWOT Analysis
Figure 33 Forbo: Company Snapshot
Figure 34 Forbo: SWOT Analysis
Figure 35 Interface: Company Snapshot
Figure 36 Toli Corporation: Company Snapshot

MarketsandMarkets projects that the flooring market will grow from USD 339.29 Billion in 2018 to USD 447.74 Billion by 2023, at an estimated CAGR of 5.7%. Increase in renovation & remodeling activities, rapid urbanization, and increase in investments in the construction industry drive the growth of the flooring market. The residential segment is projected to account for a larger share through 2023. Growing focus toward interior decoration and comfort, coupled with rising disposable income of people are expected to drive the demand for flooring in the residential industry.

The segmentation for this report is based on type, by material, end-use industry, and region. The non-residential industry is projected to be the faster-growing segment in the flooring market. In this sector, the demand for flooring is expected to be driven by higher spending on office spaces and other commercial & institutional constructions and greater focus toward employee comfort. Floors of non-residential buildings need to withstand heavy foot traffic and heavy furniture load.

On the basis of type, by material, the market has been segmented into carpets & rugs, resilient, and non-resilient. Each flooring type differs from each other on the basis of their material properties. In 2017, the non-resilient flooring segment accounted for the largest market share in the flooring market. Non-resilient flooring includes ceramic tiles, wood, laminate, stone, marble, bamboo, and terrazzo. Due to their high durability, water-resistance, low maintenance, and reliability, non-resilient floors have become the top flooring solution for high traffic areas such as shopping malls and corporate centers. Furthermore, they find applications in healthcare centers, government offices, and sports institutes where expected footfall is high, as well as in residential buildings.

The ceramic tiles segment dominated the market in 2017, in terms of volume, as a result of its cost-effectiveness, water & stain resistance, durability, and environment-friendly properties. The vinyl segment is projected to grow at the highest CAGR during the forecast period; this is attributed to its low cost, low maintenance, and easy installation.

Asia Pacific dominated the market for flooring in 2017, in terms of value. China contributes a major share to the Asia Pacific flooring market. The increasing number of new housing units, increase in population, and significant investments in the infrastructural sector are driving the demand for flooring materials in the region.

Flooring Market

In 2017, Asia Pacific is projected to be the fastest-growing market for flooring from 2018 to 2023. The low manufacturing cost, increasing disposable income of the population, and favorable policies and plans such as National New-type Urbanization Plan in China drive the growth of the flooring market in Asia Pacific. China was the largest country-level market in the region owing to the growing construction industry.

Disposal of waste acts as the main challenge for the growth of the flooring market. The global flooring market is dominated by players such as Mohawk Industries (US), Shaw Industries (US), Tarkett (France), Armstrong Flooring (US), Forbo (Switzerland), Gerflor (France), Interface (US), Beaulieu International (Belgium), TOLI Corporation (Japan), and Milliken & Company (US).

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