Global Flooring Market was worth US$ 388.24 Bn in 2020 and total revenue is expected to grow at a rate of 6.1% CAGR from 2021 to 2027, reaching almost US$ 587.64 Bn in 2027. To know about the Research Methodology :- Request Free Sample Report
Global Flooring Market DynamicsFlooring gives the interior of the house a natural feel and is ideal for living areas, bedrooms, kitchens, bathrooms, hallways and dining rooms. Floor coverings such as laminate, ceramic, hardwood and vinyl are very hard-wearing and resistant to everyday wear, which is why they are mainly used in residential construction. Flooring like laminate, ceramic, hardwood, fiberglass, and vinyl also have properties like good shock and scratch resistance, and can withstand small amounts of spills found in normal households. The evolving concept of home decor in the country, supported by the rising discretionary incomes, has a positive impact on the overall market growth of the housing sector. According to the Australian Bureau of Statistics (ABS), the seasonally adjusted value of new residential buildings in Australia was $ 4,370.3 million in July 2019, which then rose to $ 4,682.5 million in July 2020, an increase of 11, 3%. Such government initiatives will also increase the demand for flooring in residential construction and continue to fuel the growth of the flooring market over the forecast period. Many of the floor coverings like vinyl, carpeting, ceramic and more contain harmful chemicals. Making floors that contain toxic chemicals can be a major source of indoor air pollution. According to the World Health Organization (WHO), around 7 million people die each year as a result of inhaling dirty air. Vinyl is a synthetic petroleum-based raw material made from PVC resin and other additives such as plasticizers, stabilizers and other dangerous chemicals. Processing vinyl floors is harmful to the environment as these chemicals are toxic and cause indoor air pollution. The production techniques for ceramic tiles, from the raw material to the finished product, also cause a multitude of environmental hazards for the earth and humans. According to the International Journal for Quality Research, the manufacture of ceramic tiles emits a significant amount of toxic and dangerous gases into the atmosphere. Thus, the production of toxic chemicals in the manufacture of flooring such as vinyl floors, ceramic floors and carpets contributes to environmental hazards that will pose a significant challenge to the global market over the forecast period.
Global Flooring Market Segment AnalysisGlobal Flooring Market is segmented into Type, Material, End use and Application. Based on Type, the market is sub-segmented into Resilient and Non Resilient. In resilient Vinyl segment lead the market. The vinyl segment is known for its waterproof properties, which makes it ideal for wash areas such as kitchens and bathrooms. It is relatively less costly than hardwood floors, and this makes it perfect for heavily-trafficked residential areas. A synthetic cousin of linoleum, vinyl flooring is water-and stain-resistant, versatile, and provides good durability for the cost. A vinyl tile floor is often installed in commercial spaces like office, municipality gardens, and footway where high traffic is a uniform, or where a clean or static-free environment is desired. It can also be a versatile and cost-effective choice for any household. It is also frequently used in remodels to replace higher maintenance flooring, like carpet. Based on End use, the market is sub-segmented into Residential and Commercial. In 2020, the commercial category had the greatest revenue share of 74.4 % in the flooring market, and it is expected to rise at a CAGR of 6.4 % from 2021 to 2026. High-quality flooring enhances a space's interior design, which is becoming increasingly significant in commercial structures. Furthermore, flooring is critical in the business sector since commercial buildings, such as hospital buildings, see a lot of foot traffic and wear from medical equipment, and their needs are different from those of a law firm's office space. With the increase in commercial construction in various locations, the need for flooring materials is expected to expand as well.
Global Flooring Market Regional AnalysisAsia-Pacific holds the largest region for the Flooring Market mainly due to fast growth in the infrastructure sector. It is expected to grow at the fastest step during the forecast period. This is due to a rise in demand for vinyl flooring in infrastructural projects, increasing growth in the automobile industry, and development is driving the global vinyl Flooring Market. In terms of revenue, it is expected to lead the market during the forecast period, with a share of 41% in 2020. (2021-2026). Flooring is widely put in various residential and commercial structures in this region because high-quality, 24-hour requirements necessitate long-lasting, sanitary flooring. With the influx of new forthcoming development projects, the global market is expected to grow significantly throughout the forecast period. Mahindra Life Space Developers, for example, revealed in February 2021 that it had purchased 7.89 acres of land in Bengaluru for the building of a new residential project. Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the current Flooring Market outlook. The report encompasses the Flooring Market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing global Market know-how of our clients and at the same time explain global Market positioning of competitors. The objective of the report is to present comprehensive Flooring Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding Flooring Market North America for Asia Pacific dynamics, structure by analyzing the market segments, and project the Flooring Market North America for Asia Pacific size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the global Market North America for Asia Pacific make the report investor’s guide.
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Global Flooring Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 388.24 Bn. Forecast Period 2021 to 2027 CAGR: 6.1% Market Size in 2027: US $ 587.64 Bn. Segments Covered: by Type • Resilient o Vinyl o Cork o Linoleum o Rubber o Resin • Non-resilient o Ceramic o Stone o Wood o Laminate • soft covering by Material • Carpets & Rugs • Vinyl & Rubber by End-Use • Residential • Commercial by Application • Healthcare • Education • Sports • Others
Global Flooring Market, Region• North America • Europe • Asia-Pacific • Middle East & Africa • Latin America
Global Flooring Market Key Players• Gerflor Group (France) • Tarkett Company (France) • LG Hausys, Ltd. (Korea) • Flowcrete Group Ltd (UK) • Mohawk Industries Inc. (US) • Polyfloor Inc. (UK) • Mannington Mills Inc. (US) • Shaw Industries (US) • Armstrong Flooring (US) • Forbo (Switzerland) • Interface (US) • Beaulieu International (Belgium) • TOLI Corporation (Japan) • Milliken & Company (US) • Corporation (Japan) • Floorworld LLC (Dubai) Frequently Asked Questions: 1) What was the market size of Global Flooring Market in 2020? Ans - Global Flooring Market was worth US$ 388.24 Bn in 2020. 2) What is the market segment of Global Flooring Market? Ans -The market segments are based on Material of Type, Material, End use and Application. 3) What is forecast period consider for Global Flooring Market? Ans -The forecast period for Global Flooring Market is 2021 to 2027. 4) Which region is dominated in Global Flooring Market? Ans -In 2020, Asia pacific region dominated the Global Flooring Market. 5) What was the market size of Global Flooring Market markets in 2027? And what was the CAGR? Ans - Global Flooring Market was worth US$ 587.64 Bn in 2027 and CAGR 6.1%. Global Recycled Plastic Tiles Market
Flooring Market1. INTRODUCTION 1.1 Report Description 1.1.1 Objectives of the Study 1.1.2 Market Scope 1.1.3 Years considered in the study 1.1.4 Currency 1.1.5 Stakeholders 1.2 Target Audience 1.3 Key Takeaways 2. RESEARCH METHODOLOGY 2.1 Research Methodology 2.2 Market Definition 2.3 Assumptions and Acronyms Used 2.4 Data Sources 2.4.1 Secondary 18.104.22.168 Paid 22.214.171.124 Unpaid 2.4.2 Primary 2.5 Analyst tools and models 3. EXECUTIVE SUMMARY 3.1 Flooring Market Overview 3.1.1 By Type 3.1.2 By Material 3.1.3 By Application 3.1.4 By End-use 3.1.5 By Geography 4. HISTORICAL PERSPECTIVE AND CURRENT TRENDS 4.1 Flooring Market 4.1.1 Emergence and Evolution 4.1.2 Technological Transformations 4.1.3 FLOORING MARKET by Region 126.96.36.199 North America Flooring Market 188.8.131.52.1 Key Economic Indicators 184.108.40.206.1.1 Country wise GDP Growth Forecast 220.127.116.11.1.1.1 USA 18.104.22.168.1.1.2 Canada 22.214.171.124 Europe Flooring Market 126.96.36.199.1 Key Economic Indicators 188.8.131.52.1.1 Country wise GDP Growth Forecast 184.108.40.206.1.1.1 Germany 220.127.116.11.1.1.2 U.K 18.104.22.168.1.1.3 France 22.214.171.124.1.1.4 Russia 126.96.36.199.1.1.5 Spain 188.8.131.52.1.1.6 Others 184.108.40.206 Asia Pacific Flooring Market 220.127.116.11.1 Key Economic Indicators 18.104.22.168.1.1 Country wise GDP Growth Forecast 22.214.171.124.1.1.1 China 126.96.36.199.1.1.2 India 188.8.131.52.1.1.3 Japan 184.108.40.206.1.1.4 South Korea 220.127.116.11.1.1.5 Others 18.104.22.168 Latin America, Africa and Middle East Flooring Market 22.214.171.124.1 Key Economic Indicators 126.96.36.199.1.1 Country wise GDP Growth Forecast 188.8.131.52.1.1.1 Brazil 184.108.40.206.1.1.2 South Africa 220.127.116.11.1.1.3 Saudi Arabia 18.104.22.168.1.1.4 UAE 22.214.171.124.1.1.5 Others 4.2 FLOORING MARKET 4.3 Flooring Market Definition, Segmentation and Scope of Study 4.4 Market Dynamics 4.4.1 Drivers 4.4.2 Restraints 4.5 Competitive Analysis 4.5.1 Key Strategic Initiatives 4.5.2 Regional Presence 4.5.3 Product Overview 4.6 Porter’s Analysis 4.7 PESTEL Analysis 4.8 Product Benchmark Analysis 4.9 Company Market Share Analysis 4.10 Key Findings 4.10.1 Top Wining Strategies 4.10.2 Top Investment Pockets 4.10.3 Top Impacting Factors 5. FLOORING MARKET , BY TYPE 5.1 Flooring Market : Type Segment Market Share analysis 5.2 Flooring Market : Type Segment Market Size and Forecast 2020-2027 5.3 Resilient 5.3.1 Vinyl 5.3.2 Cork 5.3.3 Linoleum 5.3.4 Rubber 5.3.5 Resin 5.4 Non-resilient 5.4.1 Ceramic 5.4.2 Stone 5.4.3 Wood 5.4.4 Laminate 5.5 soft covering 5.6 Flooring Market Benchmarking By Type 5.7 Flooring Market by Type: Key Trends 5.8 Flooring Market by Type: Key Developments 6. FLOORING MARKET , BY MATERIAL 6.1 Flooring Market : Material segment Market Share Analysis 6.2 Flooring Market : Material segment Market Size and Forecast 2020-2027 6.3 Carpets & Rugs 6.4 Vinyl & Rubber 6.5 Flooring Market Benchmarking By Material 6.6 Flooring Market by Material: Key Trends 6.7 Flooring Market by Material: Key Developments 7. FLOORING MARKET , BY APPLICATION 7.1 Flooring Market : Application segment Market Share Analysis 7.2 Flooring Market : Application segment Market Size and Forecast 2020-2027 7.3 Healthcare 7.4 Education 7.5 Sports 7.6 Others 7.7 Flooring Market Benchmarking By Application 7.8 Flooring Market by Application: Key Trends 7.9 Flooring Market by Application: Key Developments 8. FLOORING MARKET , BY END-USER 8.1 Flooring Market : End-User segment Market Share Analysis 8.2 Flooring Market : End-User segment Market Size and Forecast 2020-2027 8.3 Residential 8.4 Commercial 8.5 Flooring Market Benchmarking By End-User 8.6 Flooring Market by End-User: Key Trends 8.7 Flooring Market by End-User: Key Developments 9. FLOORING MARKET , BY GEOGRAPHY 9.1 Flooring Market : Geography segment Market Share Analysis 9.2 Flooring Market : Geography segment Market Size and Forecast 2020-2027 9.3 North America Flooring Market 9.3.1 Overview 9.3.2 Market Size and Forecast, by Type 2020-2027 9.3.3 Market Share Analysis , by Type 2020-2027 9.3.4 Market Size and Forecast, by Material 2018-2027 9.3.5 Market Share Analysis , by Material 2018-2027 9.3.6 Market Size and Forecast, by Application 2018-2027 9.3.7 Market Share Analysis , by Application 2018-2027 9.3.8 Market Size and Forecast, by End-User 2020-2027 9.3.9 Market Share Analysis , by End-User 2020-2027 9.3.10 Market Size and Forecast, by Country 2020-2027 9.3.11 Market Share Analysis , by Country 2020-2027 9.4 Europe Flooring Market 9.4.1 Overview 9.4.2 Market Size and Forecast, by Type 2020-2027 9.4.3 Market Share Analysis , by Type 2020-2027 9.4.4 Market Size and Forecast, by Material 2018-2027 9.4.5 Market Share Analysis , by Material 2018-2027 9.4.6 Market Size and Forecast, by Application 2018-2027 9.4.7 Market Share Analysis , by Application 2018-2027 9.4.8 Market Size and Forecast, by End-User 2020-2027 9.4.9 Market Share Analysis , by End-User 2020-2027 9.4.10 Market Size and Forecast, by Country 2020-2027 9.4.11 Market Share Analysis , by Country 2020-2027 9.5 Asia Pacific Flooring Market 9.5.1 Overview 9.5.2 Market Size and Forecast, by Type 2020-2027 9.5.3 Market Share Analysis , by Type 2020-2027 9.5.4 Market Size and Forecast, by Material 2018-2027 9.5.5 Market Share Analysis , by Material 2018-2027 9.5.6 Market Size and Forecast, by Application 2018-2027 9.5.7 Market Share Analysis , by Application 2018-2027 9.5.8 Market Size and Forecast, by End-User 2020-2027 9.5.9 Market Share Analysis , by End-User 2020-2027 9.5.10 Market Size and Forecast, by Country 2020-2027 9.5.11 Market Share Analysis , by Country 2020-2027 9.6 Latin America, Middle East and Africa Flooring Market 9.6.1 Overview 9.6.2 Market Size and Forecast, by Type 2020-2027 9.6.3 Market Share Analysis , by Type 2020-2027 9.6.4 Market Size and Forecast, by Material 2018-2027 9.6.5 Market Share Analysis , by Material 2018-2027 9.6.6 Market Size and Forecast, by Application 2018-2027 9.6.7 Market Share Analysis , by Application 2018-2027 9.6.8 Market Size and Forecast, by End-User 2020-2027 9.6.9 Market Share Analysis , by End-User 2020-2027 9.6.10 Market Size and Forecast, by Country 2020-2027 9.6.11 Market Share Analysis , by Country 2020-2027 9.7 Flooring Market Benchmarking By Geography 9.8 Flooring Market by Geography : Key Trends 9.9 Flooring Market by Geography : Key Developments 10. COMPITITIVE LANDSCAPE 10.1 Market Share/ Positioning Analysis 10.2 Key Innovators 10.3 Company Profiles 10.3.1 Gerflor Group 10.3.1.1 Overview 10.3.1.2 Product /Service Portfolio 10.3.1.3 Key Financials 10.3.1.4 Strategic Initiatives 10.3.1.5 SWOT Analysis 10.3.1.6 Competitive Assessment 10.3.2 Tarkett Company 10.3.2.1 Overview 10.3.2.2 Product /Service Portfolio 10.3.2.3 Key Financials 10.3.2.4 Strategic Initiatives 10.3.2.5 SWOT Analysis 10.3.2.6 Competitive Assessment 10.3.3 LG Hausys, Ltd. 10.3.3.1 Overview 10.3.3.2 Product /Service Portfolio 10.3.3.3 Key Financials 10.3.3.4 Strategic Initiatives 10.3.3.5 SWOT Analysis 10.3.3.6 Competitive Assessment 10.3.4 Flowcrete Group Ltd 10.3.4.1 Overview 10.3.4.2 Product /Service Portfolio 10.3.4.3 Key Financials 10.3.4.4 Strategic Initiatives 10.3.4.5 SWOT Analysis 10.3.4.6 Competitive Assessment 10.3.5 Mohawk Industries Inc. 10.3.5.1 Overview 10.3.5.2 Product /Service Portfolio 10.3.5.3 Key Financials 10.3.5.4 Strategic Initiatives 10.3.5.5 SWOT Analysis 10.3.5.6 Competitive Assessment 10.3.6 Polyfloor Inc. 10.3.6.1 Overview 10.3.6.2 Product /Service Portfolio 10.3.6.3 Key Financials 10.3.6.4 Strategic Initiatives 10.3.6.5 SWOT Analysis 10.3.6.6 Competitive Assessment 10.3.7 Mannington Mills Inc. 10.3.7.1 Overview 10.3.7.2 Product /Service Portfolio 10.3.7.3 Key Financials 10.3.7.4 Strategic Initiatives 10.3.7.5 SWOT Analysis 10.3.7.6 Competitive Assessment 10.3.8 Mohawk Industries 10.3.8.1 Overview 10.3.8.2 Product /Service Portfolio 10.3.8.3 Key Financials 10.3.8.4 Strategic Initiatives 10.3.8.5 SWOT Analysis 10.3.8.6 Competitive Assessment 10.3.9 Shaw Industries 10.3.9.1 Overview 10.3.9.2 Product /Service Portfolio 10.3.9.3 Key Financials 10.3.9.4 Strategic Initiatives 10.3.9.5 SWOT Analysis 10.3.9.6 Competitive Assessment 10.3.10 Armstrong Flooring 10.3.10.1 Overview 10.3.10.2 Product /Service Portfolio 10.3.10.3 Key Financials 10.3.10.4 Strategic Initiatives 10.3.10.5 SWOT Analysis 10.3.10.6 Competitive Assessment 10.3.11 Forbo 10.3.11.1 Overview 10.3.11.2 Product /Service Portfolio 10.3.11.3 Key Financials 10.3.11.4 Strategic Initiatives 10.3.11.5 SWOT Analysis 10.3.11.6 Competitive Assessment 10.3.12 Interface 10.3.12.1 Overview 10.3.12.2 Product /Service Portfolio 10.3.12.3 Key Financials 10.3.12.4 Strategic Initiatives 10.3.12.5 SWOT Analysis 10.3.12.6 Competitive Assessment 10.3.13 Beaulieu International 10.3.13.1 Overview 10.3.13.2 Product /Service Portfolio 10.3.13.3 Key Financials 10.3.13.4 Strategic Initiatives 10.3.13.5 SWOT Analysis 10.3.13.6 Competitive Assessment 10.3.14 TOLI Corporation 10.3.14.1 Overview 10.3.14.2 Product /Service Portfolio 10.3.14.3 Key Financials 10.3.14.4 Strategic Initiatives 10.3.14.5 SWOT Analysis 10.3.14.6 Competitive Assessment 10.3.15 Milliken & Company 10.3.15.1 Overview 10.3.15.2 Product /Service Portfolio 10.3.15.3 Key Financials 10.3.15.4 Strategic Initiatives 10.3.15.5 SWOT Analysis 10.3.15.6 Competitive Assessment 10.3.16 Corporation 10.3.16.1 Overview 10.3.16.2 Product /Service Portfolio 10.3.16.3 Key Financials 10.3.16.4 Strategic Initiatives 10.3.16.5 SWOT Analysis 10.3.16.6 Competitive Assessment 10.3.17 Floorworld LLC 10.3.17.1 Overview 10.3.17.2 Product /Service Portfolio 10.3.17.3 Key Financials 10.3.17.4 Strategic Initiatives 10.3.17.5 SWOT Analysis 10.3.17.6 Competitive Assessment 11. CONSOLIDATION 11.1 Mergers and Acquisitions 11.1.1 Overview 11.1.2 Key Drivers – By Region 11.1.3 M&A Breakdown 126.96.36.199 Material Based 188.8.131.52 Application-Based 184.108.40.206 Niche Based 220.127.116.11 Region Based 18.104.22.168 Asset & Non-Asset Based 22.214.171.124 Venture Capitalist Based 11.2 Fragmentation of Global Flooring Market 11.3 Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 11.4 New/Emerging Models of Partnerships : Key Examples 11.5 New/Emerging Business Models : Key Examples 11.6 Changing Investment Paradigm : Focused areas by Key Players 11.7 Patent Analysis 12. LIST OF TABLES 13. LIST OF FIGURES