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. Flooring is crucial for the construction industry. It plays a vital role in enhancing the overall atmosphere of a residential or commercial landscape. Foot traffic plays an important role in the selection of the flooring type. For instance, government offices generally demand solid, highly durable floors due to high human traffic; whereas hospitals would require flooring with anti-slippery functionality.

Market Dynamics

Drivers

  • Rise in population & rapid urbanization
  • Increase in investments in the construction industry
  • Rise in the number of renovation & remodeling activities
  • Rapid industrialization

Restraints

  • Volatile raw material prices
  • Rise in health & environmental concerns

Opportunities

  • Growth of the organized retail sector
  • Rise in demand from emerging economies

Challenges

  • Disposal of waste

Rise in the number of renovation & remodeling activities

Renovation and home remodeling activities are increasing across countries, as these activities are supported by programs run by various governments. For instance, in Europe, the National Energy Efficiency Action Plans (NEEAPs) aims to foster investments in the renovation of residential and commercial buildings. According to the Leading Indicator of Remodeling Activity (LIRA), released by Remodeling Futures Program, annual gains in home repair & renovation spending in the US is expected to increase from 6% in the first quarter of 2018 to 6.3% by the end of second quarter of 2018. Furthermore, in the US, owners are expected to spend over USD 330 billion on home replacements, upgrades, and routine maintenance, in 2018. This, in turn, creates growth prospects for the overall flooring market.

The rising focus toward home decor and the improving lifestyles of consumers are also boosting the renovation & remodeling activities in the current scenario. Presently, the growing trend of spending on the styling and interiors of the living spaces among consumers has led them to expend on home furnishings such as carpets, rugs, and other floor coverings that add to the aesthetic appeal of interiors. This shift is supported by the rise in consumer income levels, changes lifestyles, and adoption of different cultures, in terms of interior decor, which has further resulted in the growing interest of consumers in the interior decoration of their houses and workspaces.

The following are the major objectives of the study.

  • To define, analyze, and project the size of the global flooring market in terms of value and volume
  • To provide detailed information about the key factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing market growth
  • To analyze and forecast the market size based on type, by material; end-use industry; and region
  • To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide details of a competitive landscape of the market leaders
  • To forecast the market size of the five main regions—North America, Asia Pacific, Europe, South America, and the Middle East & Africa
  • To strategically profile key players and comprehensively analyze their market share and core competencies2.
  • To analyze competitive developments such as product launches, investments, acquisitions, and expansions in the flooring market

During this research study, major players operating in the flooring market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as ACIMAC (Association of Italian Manufacturers of Machinery and Equipment for Ceramics), ANPM (National Hardwood Flooring Association Brazil), EPLF (Association of European Producers of Laminate Flooring), European Commission, companies’ annual reports, Bloomberg, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market. The figure below shows the breakdown of the primaries on the basis of the company type, designation, and region considered during the research study.

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).

Major Market Developments

  • In January 2018, Tarkett expanded its LVT (Luxury Vinyl Tiles) production capacity in Europe and North America by investing USD 85.9 million over the next 3 years for addressing the growing demand for vinyl modular flooring. The investment will further enhance sustainable and efficient manufacturing. In the US, about USD 60 million will be invested in two manufacturing facilities based in Florence, AL, US, and in Europe, the investment will be made in Poland and Luxembourg.
  • In November 2017, Mohawk Industries agreed to acquire Godfrey Hirst Group (Australia), i.e. Australia’s largest carpet manufacturer, with the aim to expand its global operations. The manufacturing, marketing, and distribution leadership of Godfrey Hirst will complement Mohawk’s current hard surface distribution and strengthen its product portfolio. This acquisition is projected to be completed in 2018.
  • In December 2016, Shaw Industries acquired US Floors, Inc. (US), to expand its position in the hard surface and luxury vinyl tile markets. This acquisition further enhances the product offering of Shaw Industries by including composite core flooring as well as bamboo, cork, and hardwood products.

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:

Flooring 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 Market Size, By Material, 2016–2023 (USD Billion)
Table 11 Flooring 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 Market Size, By Material, 2016–2023 (USD Billion)
Table 19 Asia Pacific: Flooring 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 Market Size, By Material, 2016–2023 (USD Billion)
Table 23 China: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 27 Japan: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 31 India: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 43 Rest of Asia Pacific: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 57 Canada: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 61 Mexico: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 71 Germany: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 79 France: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 83 Russia: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 87 Spain: Flooring 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 Market Size, Material, 2016–2023 (USD Million)
Table 95 Rest of Europe: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 109 Saudi Arabia: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 113 South Africa: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 121 Rest of Middle East & Africa: Flooring 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 Market Size, By Material, 2016–2023 (USD Million)
Table 127 South America: Flooring 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

Rapid urbanization and inclination toward higher living standards drives the growth of flooring market

Interior design plays an important role in the construction of houses, and consequently, in the overall ambiance of residential as well as non-residential buildings.

Residential

The residential sector is the most important sector for the flooring market. The application of flooring materials in this sector covers the installations in new residential buildings, renovations, and restructuring projects. The use of diversified flooring materials in residential buildings enhances aesthetic appeal and provides comfort. These materials help the user achieve dynamic control over noise & temperature and provide safe and slip-resistant floors.

Flooring for the residential sector includes a wide range of options such as ceramic tile, wood, laminate, carpet & rug, vinyl, and stone flooring. Tiles are widely used in the residential segment for their durability and easy maintenance. The best option for flooring in areas such as entryways, kitchens, and bathrooms is ceramic tile; whereas, for areas such as living rooms, dining spaces, and bedrooms, wood and laminate flooring is used. Housing renovation and maintenance have increased steadily in the recent past and are expected to further increase in the coming years, owing to the increasing disposable income of people. All these factors are expected to fuel the demand for flooring in the residential sector.

Non-Residential

The non-residential sector includes healthcare, education, hospitality, retail, office, and public buildings. In this sector, the demand for flooring is expected to be driven by higher spending on office spaces & 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. Application of appropriate flooring material in non-residential structures not only helps in reducing noise impact caused by footsteps, but also adds to the aesthetic value of the interior space.

In case of hospitals, flooring needs to withstand heavy, continuous foot traffic, medical equipment, carts, beds, and others. Corridors and public spaces are the areas with the highest traffic, for which vinyl composition tile (VCT) and sheet vinyl flooring are generally preferred; luxury vinyl tile (LVT) sheets and linoleum are preferred for emergency and operating rooms, as these materials have a coating that resists chemical staining from medical products and bodily fluids. This type of flooring promotes indoor air quality with low emissions of volatile organic compounds. In case of hotels, flooring needs to be attractive, durable, easy to maintain, and cost-effective. It must be able to withstand heavy foot traffic, without impacting the aesthetic appeal. Carpet, laminate, and vinyl flooring are the most widely used flooring options in hotels.

Critical questions the report answers:

  • Where will all these developments take the industry in the mid to long term?
  • What are the potential markets for flooring industry?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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). These players are increasingly undertaking mergers and acquisitions, expansions & investments, partnerships, and product launches to develop & introduce new products in the market and to expand their market presence.

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