Global Flooring Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Material;
Carpets Tiles, Vinyl & Rubber and Wood & Other.By Type;
Resilient Flooring, Non-Resilient Flooring and Soft Floor Covering.By End-Use Industry;
Residential and Non-Residential.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Flooring Market (USD Million), 2021 - 2031
In the year 2023, the Global Flooring Market was valued at USD 288,727.16 million. The size of this market is expected to increase to USD 428,437.34 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.
Characterized by constant innovation and evolving consumer preferences, the flooring market continues to witness steady growth driven by various factors such as urbanization, renovation activities, and technological advancements. As economies develop and urban populations rise, the demand for residential, commercial, and industrial spaces escalates, thereby fueling the need for quality flooring solutions.
The global flooring market encompasses a plethora of materials including hardwood, laminate, vinyl, ceramic tiles, stone, carpet, and resilient flooring such as rubber and linoleum. Each type of flooring material offers distinct advantages in terms of durability, aesthetics, maintenance requirements, and suitability for different applications, catering to the diverse needs and preferences of consumers worldwide.
Technological advancements in manufacturing processes have led to the development of innovative flooring products with enhanced properties such as waterproofing, scratch resistance, eco-friendliness, and easy installation. Digital printing technology has revolutionized the design possibilities in the flooring industry, enabling the creation of intricate patterns, textures, and finishes that mimic natural materials at a fraction of the cost.
Global Flooring Market Recent Developments
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In February 2023, Tarkett has collaborated with Dutch design research firm Studio RENS, to launch DESSO X RENS, a range of carpet tiles that can be recycled into a new raw material.
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In November 2022, Mohawk Industries, Inc. acquired Elizabeth Coatings (Brazil). With this acquisition, the company became the largest producer of ceramic tiles by revenue in Brazil.
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In November 2022, Tarkett has launched the carpet tile collection with the lowest circular carbon footprint.
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In July 2022, Mohawk Industries, Inc. acquired the Foss Manufacturing Company, LLC, a Georgia-based manufacturer known for its expertise in non-woven, needle-punch technology used in products ranging from peel-and-stick carpet tile to artificial turf.
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In June 2022, Forbo has launched a brand-new adhesive-free, Health, and Safety Executive (HSE) compliant safety flooring range: Surestep Fast Fit.
Segment Analysis
Material-wise segmentation is a critical aspect of understanding the flooring market, as different materials offer distinct characteristics in terms of durability, aesthetics, and suitability for various environments. Common materials include hardwood, laminate, vinyl, ceramic tiles, carpet, and others. Each material segment presents unique opportunities and challenges based on factors such as cost, maintenance requirements, and environmental impact.
End-use industry segmentation further delineates the market based on the specific sectors that drive demand for flooring solutions. This segmentation may include residential, commercial, industrial, healthcare, education, hospitality, and others. The diverse requirements of these industries influence the types of flooring materials and designs in demand, ranging from stylish and durable options for commercial spaces to practical and easy-to-clean solutions for healthcare facilities.
Geographical segmentation offers insights into regional variations in flooring preferences, market maturity, regulatory frameworks, and economic factors. Key regions typically include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Each region may exhibit unique trends and growth drivers, influenced by factors such as population demographics, urbanization rates, construction activity, and cultural preferences.
Global Flooring Segment Analysis
In this report, the Global Flooring Market has been segmented by Material, Type, End-Use Industry and Geography.
Global Flooring Market, Segmentation by Material
The Global Flooring Market has been segmented by Material into Carpets Tiles, Vinyl & Rubber and Wood & Other
The global flooring market is categorized based on material into three primary segments: Carpet Tiles, Vinyl & Rubber, and Wood & Other. Each of these materials serves distinct purposes and caters to different consumer needs, industries, and preferences.
Carpet tiles are a popular flooring option due to their flexibility, durability, and ease of installation. They are commonly used in commercial spaces such as offices, hotels, and educational institutions, where aesthetics and noise reduction are key concerns. Unlike traditional broadloom carpets, carpet tiles offer modularity, allowing easy replacement of individual tiles rather than the entire flooring. They come in various designs, textures, and colors, making them a versatile choice for creating customized patterns and layouts. Additionally, carpet tiles often incorporate recycled materials, enhancing their sustainability appeal. Their ability to provide comfort underfoot, sound insulation, and a warm ambiance makes them a preferred choice in environments where foot traffic is high and comfort is prioritized.
Vinyl and rubber flooring are another significant segment of the flooring market. Vinyl flooring has gained immense popularity due to its affordability, resilience, and water resistance. It is widely used in residential and commercial settings, including healthcare facilities, schools, and retail spaces. Vinyl flooring is available in multiple formats, such as luxury vinyl tiles (LVT) and vinyl sheets, offering diverse aesthetic options that mimic natural materials like wood and stone. LVT, in particular, has seen substantial growth due to its high durability, ease of maintenance, and realistic textures. Rubber flooring, on the other hand, is commonly found in gyms, sports facilities, and industrial areas where slip resistance, impact absorption, and durability are critical. Rubber flooring is known for its ability to withstand heavy foot traffic, resist moisture, and provide cushioning, reducing fatigue and injury risks. Both vinyl and rubber are highly favored for their longevity and ease of cleaning, making them a practical choice for high-traffic areas.
The "Wood & Other" category encompasses traditional hardwood, engineered wood, laminate, bamboo, cork, and other innovative flooring solutions. Wood flooring, particularly hardwood, remains a premium choice due to its timeless appeal, durability, and ability to add value to properties. Hardwood flooring is commonly used in residential homes, luxury hotels, and high-end commercial spaces, offering a natural and elegant look. Engineered wood is a more cost-effective and sustainable alternative, consisting of multiple layers of wood veneer bonded together, which enhances its stability and resistance to moisture. Laminate flooring, made from composite materials with a high-resolution image layer, provides a budget-friendly option that replicates the look of natural wood while offering scratch and moisture resistance. Bamboo and cork flooring are eco-friendly alternatives gaining traction due to their sustainability and unique aesthetics. Bamboo is highly durable and has a contemporary appearance, while cork provides a soft and warm surface with natural antimicrobial properties.
Global Flooring Market, Segmentation by Type
The Global Flooring Market has been segmented by Type l into Resilient Flooring, Non-Resilient Flooring and Soft Floor Covering.
Resilient flooring includes options like vinyl, linoleum, rubber, and cork. These materials offer a certain degree of elasticity, making them resistant to scratches, stains, and dents. They are particularly favored in high-traffic areas such as commercial spaces and healthcare facilities due to their ability to withstand heavy footfall and frequent maintenance. Non-Resilient Flooring, on the other hand, comprises materials that are less flexible but offer distinct aesthetic and functional advantages. Common examples include hardwood, laminate, and ceramic tiles. Hardwood flooring exudes timeless elegance and adds warmth to interiors, making it a popular choice in residential settings. Laminate flooring, with its affordability and easy installation, appeals to budget-conscious consumers seeking the look of hardwood without the associated costs. Meanwhile, ceramic tiles excel in moisture-prone areas like kitchens and bathrooms, thanks to their water-resistant properties and diverse design options.
Soft Floor Covering completes the triad of flooring materials, encompassing a range of plush options such as carpets and rugs. Soft floor coverings add comfort and coziness to living spaces, dampening noise and providing insulation. Carpets, available in various pile heights and textures, offer a soft landing for bare feet and enhance the visual appeal of rooms with their patterns and colors. Rugs, whether handwoven or machine-made, serve as versatile decor elements, effortlessly tying together different design elements within a space.
Global Flooring Market, Segmentation by End-Use Industry
The Global Flooring Market has been segmented by End-Use Industry into Residential and Non-Residential.
Residential flooring serves as a fundamental component of housing construction and renovation projects worldwide. It caters to the flooring needs of individual residences, apartments, and housing complexes. The residential segment encompasses various materials and styles to suit different preferences, lifestyles, and budget constraints of homeowners. From traditional hardwood and laminate flooring to modern alternatives like luxury vinyl tiles (LVT) and engineered wood, the residential sector witnesses a continuous influx of innovative flooring solutions. Factors such as aesthetic appeal, durability, ease of maintenance, and cost-effectiveness play pivotal roles in shaping consumer choices within this segment.
The non-residential flooring market encompasses a broad spectrum of applications across commercial, industrial, institutional, and public sectors. Commercial spaces, including offices, retail outlets, hotels, and restaurants, demand flooring solutions that not only enhance the visual appeal but also withstand heavy foot traffic and maintain durability over time. In industrial settings such as manufacturing facilities, warehouses, and production units, flooring requirements extend beyond aesthetics to include resistance to chemicals, abrasion, and mechanical stress. Institutions like schools, hospitals, and government buildings prioritize flooring solutions that ensure safety, hygiene, and ease of maintenance.
Global Flooring Market, Segmentation by Geography
In this report, the Global Flooring Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Flooring Market Share (%), by Geographical Region, 2024
The Global Flooring Market has witnessed significant segmentation by Geography, encompassing five key regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Each region presents unique dynamics and opportunities within the flooring industry. North America boasts a mature market with a strong emphasis on sustainability and innovation, driven by consumer demand for eco-friendly materials and advanced technologies. Europe, showcases a diverse landscape, characterized by varying consumer preferences and regulatory frameworks across different countries.
In the Asia Pacific region, rapid urbanization and infrastructure development fuel the demand for flooring solutions, particularly in emerging economies like China and India. The Middle East and Africa region experiences growth propelled by construction activities, spurred by investments in commercial and residential projects. Lastly, Latin America represents a market with untapped potential, driven by increasing disposable income and urbanization trends, offering opportunities for market expansion and penetration. Understanding the unique dynamics of each region is crucial for stakeholders to formulate effective strategies and capitalize on emerging opportunities in the global flooring market.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Flooring Market. These factors include; Market Drivers, Restraints and Opportunities.
Drivers:
- Rapid Urbanization and Industrialization
- Growing Construction Industry
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Renovation and Remodeling Activities - One of the primary drivers of this surge in renovation and remodeling activities is the growing recognition of the importance of aesthetics, functionality, and sustainability in the built environment. With changing consumer preferences and evolving design trends, there has been a noticeable shift towards the adoption of innovative flooring solutions that not only enhance the visual appeal of spaces but also offer durability, ease of maintenance, and environmental sustainability.
The increasing urbanization and rising disposable incomes in emerging economies have led to a higher propensity for homeowners and businesses to invest in upgrading their properties. As individuals seek to modernize their living spaces and businesses strive to create more attractive environments for customers and employees, the demand for high-quality flooring materials and solutions has experienced a corresponding uptick.
Technological advancements in the flooring industry have played a crucial role in driving market growth. Innovations such as digital printing techniques, advanced manufacturing processes, and the development of novel materials have expanded the range of options available to consumers, enabling them to achieve customized flooring solutions tailored to their specific requirements.
Government initiatives aimed at promoting sustainable construction practices have also contributed to the expansion of the flooring market. With an increasing focus on energy efficiency, resource conservation, and environmental stewardship, there is a growing demand for eco-friendly flooring materials that minimize carbon footprint and support green building standards.
Restraints:
- Environmental Concerns and Sustainability Issues
- Volatility in Raw Material Prices
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Shifts in Consumer Preferences and Lifestyle Changes - One of the key factors influencing consumer choices in flooring is the growing emphasis on aesthetics. Modern consumers are increasingly inclined towards flooring solutions that not only serve practical purposes but also enhance the visual appeal of their living or working spaces. This inclination towards aesthetically pleasing flooring options has led to a rise in demand for products that offer a wide range of designs, colors, and textures to suit diverse tastes and interior styles. Consequently, manufacturers in the flooring industry are under pressure to innovate and introduce novel designs and materials to cater to evolving consumer preferences.
Lifestyle changes, including shifts towards urbanization, smaller living spaces, and multifunctional areas, are exerting considerable influence on flooring choices. With the rise of urban living, the demand for compact and versatile flooring solutions suitable for apartments, condominiums, and smaller homes has surged. Additionally, the growing popularity of open floor plans and multifunctional spaces has led consumers to seek flooring options that seamlessly integrate with various areas of their homes while offering durability and easy maintenance. Sustainability has emerged as a significant consideration for modern consumers when selecting flooring materials. Increasing awareness of environmental issues and the desire to reduce carbon footprints have prompted consumers to prioritize eco-friendly and renewable flooring options over traditional materials.
Opportunities:
- Growing Renovation and Remodeling Sector
- Shift towards Sustainable Flooring Solutions
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Increasing Demand for Luxury Vinyl Tiles (LVT) - One of the key factors driving the increased demand for LVT is its ability to mimic the look and feel of natural materials such as wood and stone, while offering superior performance characteristics. This allows consumers to achieve the desired aesthetic in their spaces without compromising on durability or maintenance requirements.
Advancements in manufacturing technologies have enabled the production of LVT with enhanced features such as waterproofing, scratch resistance, and easy installation, further contributing to its appeal. LVT has found widespread application across both residential and commercial sectors, including areas with high foot traffic such as retail outlets, offices, and hospitality spaces.
The ongoing trends in interior design, characterized by a preference for modern and minimalist aesthetics, have also played a role in driving the adoption of LVT. Its ability to seamlessly complement various design styles while offering practical benefits has positioned LVT as a preferred flooring choice for architects, designers, and homeowners alike. Looking ahead, the demand for Luxury Vinyl Tiles is expected to continue its upward trajectory, driven by factors such as urbanization, renovation activities, and evolving consumer preferences. As such, stakeholders in the flooring industry stand to benefit significantly from capitalizing on the opportunities presented by the increasing demand for LVT and adapting their strategies to meet the evolving needs of the market.
Competitive Landscape Analysis
Key players in Global Flooring Market include:
- Mohawk Industries, Inc. (US)
- Tarkett (France)
- Forbo (Switzerland)
- Shaw Industries Group Inc. (Georgia)
- Interface, Inc. (US)
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Material
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Market Snapshot, By
- Market Snapshot, By End-Use Industry
- Market Snapshot, By Region
- Global Flooring Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
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Rapid Urbanization and Industrialization
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Growing Construction Industry
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Renovation and Remodeling Activities
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- Restraints
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Environmental Concerns and Sustainability Issues
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Volatility in Raw Material Prices
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Shifts in Consumer Preferences and Lifestyle Changes
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- Opportunities
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Growing Renovation and Remodeling Sector
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Shift towards Sustainable Flooring Solutions
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Increasing Demand for Luxury Vinyl Tiles (LVT)
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- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Flooring Market, By Material, 2021 - 2031 (USD Million)
- Carpets Tiles
- Vinyl & Rubber
- Wood
- Other
- Global Flooring Market, By Type, 2021 - 2031 (USD Million)
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Resilient Flooring
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Non-Resilient Flooring
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Soft Floor Covering
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- Global Flooring Market, By End-Use Industry, 2021 - 2031 (USD Million)
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Residential
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Non-Residential
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- Global Flooring Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Flooring Market, By Material, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Mohawk Industries, Inc. (US)
- Tarkett (France)
- Forbo (Switzerland)
- Shaw Industries Group Inc. (Georgia)
- Interface, Inc. (US)
- Company Profiles
- Analyst Views
- Future Outlook of the Market