Flooring Industry Is Expected To Rise Due To Changing Consumer Trends In Floor Design

 

Flooring industry data book covers ceramic tiles, resilient flooring, soft covering flooring, wood & laminate flooring market.

Global flooring industry data book by Grand View Research’s 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.

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 5.6% from 2022 to 2030.

Ceramic Tiles Market Analysis & Forecast

The global ceramic tiles market size was estimated at USD 59,692.1 million in 2022 and is expected to witness a CAGR of 5.2% from 2022 to 2030. Growth in the construction of office spaces, shopping malls, lodging spaces, and other utility spaces across the globe is likely to ascend the demand for the products across the globe during the forecast period. The COVID-19 pandemic outbreak in 2020, created a severe impact on the market owing to a halt in building and construction activities due to lockdown strategies imposed by the government across the globe to curb the spread. In addition, lockdown across major ceramic tile-producing nations also created disruption in the global supply chain of the product.

In the U.S., the demand for ceramic tiles is anticipated to accelerate over the projected period owing to increasing demand for single-family house constructions and strengthening residential replacement in the country. Regulations by the U.S. Green Building Council have mandated the use of eco-friendly construction materials, thereby positively influencing the industry growth.

The ceramic tiles are distributed majorly through intermediaries that include distributors, wholesalers, and big-box retailers. Moreover, distributors and retailers also collaborate with construction companies and glues and adhesive providers for tile installation, and also architects and designers to cater to the expectations of the end-use customers.

Resilient Flooring Market Analysis & Forecast

The global resilient flooring market size was USD 29,225.3 million in 2022 and is expected to register a growth of 6.1% over the forecast period. This growth is attributed to the benefits of resilient flooring such as impact & scratch resistance, waterproofing, odor-proofing, and durability, in comparison to other flooring alternatives. In addition, the expansion of ultramodern workspaces and offices, and rapid urbanization, would further escalate the growth of the resilient flooring market.

The U.S. dominates North America resilient flooring market, accounting for the highest revenue share in terms of consumption, owing to the increased penetration of the product in the residential sector, with an increasing number of single-family houses as well as the strengthening of the residential replacement market across the country. Recovery of the residential construction industry after the great recession in historic years has played an essential role in driving the demand for resilient flooring in a residential application.

The emergence of India, Taiwan, and Mexico as the upcoming manufacturing hubs will not only result in the establishment of factories but also in the migration of large population close to these centers, thus resulting in the development of new cities or expansion of the existing cities. This factor is expected to play an important role in developing the market for resilient flooring over the forecast period.

Order Free Sample Copy of “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

Soft Covering Flooring Market Analysis & Forecast

The global soft covering flooring market size was estimated at USD 35,591 million in 2022 and expected to register a CAGR of 4.8% from 2022 to 2030. Rising demand for carpet tiles on account of availability in a range of colors, patterns, and textures is expected to drive the growth. Soft covering flooring manufacturers are involved in the production of different products including carpets and area rugs which such as roll goods, carpet tiles, bath mats, and broadlooms among others. Carpet tiles and broadloom are the majorly used soft covering floorings on account of superior attributes, such as flexibility and dimensional stability.

The U.S. is expected to register significant growth over the forecast period on account of a rise in the construction of residential and commercial structures. Also, a rise in household refurbishing is expected to promote market growth in the country over the next seven years.
A high volume of raw materials is required to manufacture the products with the majority being sourced from low-cost Asian manufacturers. An unanticipated termination or interruption in the supply of raw material, the fluctuating prices of raw materials, and fuel-related costs based on market conditions have a significant impact on the final prices of the product.

Wood & Laminate Flooring Market Analysis & Forecast

The global wood and laminate flooring market size was valued at USD 51,765.1 million in 2022 and is anticipated to expand at a CAGR of 6.0% over the forecast period. Factors such as the environmental profile, durability, and restorability physiognomies of wood and laminate flooring are expected to drive the demand. The market is anticipated to witness growth on account of the introduction of laminates and engineered wood floors that replicate the natural solid timber floors.

Factors such as sophisticated appearance and ease of maintenance are the factors expected to propel the adoption of wood and laminate flooring. Advancements in designing and printing technology have made laminated floors look more realistic which has surged their popularity among consumers across the globe. Furthermore, technological advancements in engineered wood floors have contributed to the ascending product demand.

The U.S. is anticipated to continue witnessing a significant demand for wood and laminate flooring products owing to consumer awareness regarding the advantages of the product. Moreover, growing construction activities in the industrial sector, such as work floors, assembly points, and collection facilities are likely to support product demand. Increasing trends for single-family housing units are likely to further fuel the growth of the market.

Go through the table of content of Flooring Industry Data Book to get a better understanding of the Coverage & Scope of the study.

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. Flooring material manufacturers aim to intensify their market positions by widening their customer base. Thus, multi-national players are aiming to achieve business growth in regional market by mergers, acquisition and other strategic initiatives.

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