Lucintel Forecasts Flooring Market to Reach $409.2 billion by 2030

CITY, Country, 2024-Feb-21 — /EPR Network/ —

According to the recent study the flooring market is projected to reach an estimated $409.2 billion by 2030 from $281.8 billion in 2023, at a CAGR of 5.5% from 2024 to 2030. Growth in this market is primarily driven by increasing residential construction and growth in renovation and remodeling activities.

Browse 73 figures / charts and 52 tables in this 202 -page report to understand trends, opportunities and forecast in flooring market by end use (residential, healthcare, education, hospitality, retail, office, others). Flooring type (Carpets and rugs, resilient flooring, and non-resilient) and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecasts that non-resilient flooring will remain the largest segment over the forecast period due to increasing demand for ceramic tiles in developing region.

Within the global flooring market, residential will remain the largest end use market over the forecast period due to growth in single and multi-family buildings. Non-residential flooring is expected to witness the highest growth during the forecast period due to increasing construction of office, retail and other commercial buildings.

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Asia Pacific is expected to remain the largest region; it is also expected to witness the highest growth over the forecast period supported by increasing urbanization and building construction activities.

Mohawk industries, Shaw industries, Tarkett, Beaulieu International, Dixie Group Inc, Forbo Holding, Interface Incorporation, and Armstrong Flooring are the major suppliers in the flooring market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1–972–636–5056 or write us at helpdesk@lucintel.com

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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056