The global flooring market size reached approximately USD 415.50 Billion in 2023. The market is projected to grow at a CAGR of 5.60% between 2024 and 2032, reaching a value of around USD 678.49 Billion by 2032.
Base Year
Historical Year
Forecast Year
Value in USD Billion
2024-2032
Flooring Market Outlook
*this image is indicative*
Flooring refers to the permanent covering of a floor, a crucial component of any building's interior. It encompasses a wide variety of materials and finishes, including hardwood, laminate, vinyl, tile, carpet, and concrete, each offering different aesthetic appeals, durability, and maintenance levels. The choice of flooring depends on the room's function, traffic levels, budget, and personal style preferences.
The global flooring market growth is driven by rapid urbanisation and increasing construction activities worldwide, especially in emerging economies. Innovations in flooring designs, such as luxury vinyl tile (LVT) and eco-friendly options, cater to growing consumer preferences for aesthetics and sustainability.
Technological advancements improve flooring material durability and ease of installation, broadening their application in the residential, commercial, and industrial sectors. Additionally, the rising trend of home renovation and improvement projects, driven by a desire for modernised living spaces, further stimulates the flooring market expansion.
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Soaring popularity of patterned luxury vinyl; increasing demand for eco flooring; rising use of paraquet effect; and rising appeal for dark wood laminate are key trends impacting the market growth.
Patterned luxury vinyl is a high-quality, durable flooring material that mimics natural textures with detailed designs. Its practical benefits are contributing to the market growth.
With the growing trend of sustainability, there is a rising demand for eco flooring, environmentally friendly flooring options made from renewable, recycled, or natural materials.
As parquet effect mimics the geometric mosaic of wood pieces used in traditional parquet flooring while offering intricate designs and patterns for aesthetic appeal, its usage is increasing.
Dark wood laminate is a synthetic flooring product which mimics the appearance of dark hardwood floors. Its durability and affordability is driving its popularity globally.
Patterned luxury vinyl flooring is significantly contributing to the growth of the market due to its combination of aesthetic appeal, durability, and cost-effectiveness. With advanced printing and texturing technologies, luxury vinyl offers a wide range of designs, from realistic wood and stone patterns to intricate decorative motifs, catering to diverse consumer preferences and interior design trends. Its water-resistant and easy-to-maintain nature makes it suitable for various settings, including residential, commercial, and industrial spaces. Additionally, the ease of installation and affordability offered by such flooring compared to traditional materials like hardwood and stone are attracting both consumers and contractors, further driving the flooring market expansion.
The rising demand for eco-friendly flooring solutions is propelling the growth of the market, as consumers and businesses increasingly prioritise sustainability. Eco-friendly flooring options, such as bamboo, cork, and reclaimed wood, offer both environmental benefits and aesthetic appeal, aligning with the growing trend towards green building practices. These materials are renewable, have lower carbon footprints, and can improve indoor air quality by reducing the presence of harmful chemicals.
Moreover, advancements in recycling technologies for flooring materials like vinyl and carpet are enhancing their sustainability profiles. This shift towards sustainable living is driving innovations, attracting environmentally conscious consumers, and contributing to the flooring market growth.
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“Global Flooring Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
Market Breakup by Application:
Market Breakup by Region:
Resilient flooring is further divided based on type into vinyl, linoleum, and rubber, among others, whereas non-resilient flooring is further segmented into ceramic, laminated, and carpet, among others.
Resilient flooring is expected to constitute a significant portion of the global flooring market share in the coming years
Resilient flooring is anticipated to witness significant growth in the coming years, as such flooring options are easy to install and have lower installation and maintenance costs. Over the forecast period, the growing demand for vinyl flooring, which is preferred in residential and commercial applications due to its ease of installation and cost efficiency, is expected to fuel the segment’s growth.
Vinyl flooring is a durable and versatile option for resilient flooring, which is impervious to moisture, mildew, and mould. Luxury Vinyl Tiles (LVT) find increased usage in commercial sectors like corporate, healthcare, and hospitality due to their cost efficiency, high durability, and low maintenance.
Non-resilient flooring, meanwhile, is anticipated to enjoy considerable popularity in the coming years. Rubber and vinyl flooring, particularly, are witnessing a healthy demand due to their low cost and high durability. The global flooring market growth is expected to be further aided by the rising use of non-resilient flooring in the automobile and shipping sectors.
Major market players are launching innovative flooring solutions for various residential and commercial applications.
| Company | Founded | Location | Products |
| Mohawk Industries, Inc. | 1878 | Georgia, United States | Ceramic tiles, rugs, carpets |
| Tarkett S.A. | 1997 | La Defense, France | Wood, vinyl, turf, laminate, tracks |
| Gerflor Group | 1937 | France | Vinyl flooring solutions for residential and commercial purposes |
| Mannington Mills Inc. | 1915 | New Jersey, United States | Fine flooring solutions |
Other major market players in the flooring market are Berkshire Hathaway, Inc. (Shaw Industries Group, Inc.), Armstrong World Industries Inc. (AHF, LLC), Forbo Flooring, Interface, Inc., Polyflor Ltd., RAK Ceramics PJSC, Crossville, Inc., Ceramiche Atlas Concorde SpA, Porcelanosa Group, Kajaria Ceramics Limited, and Canadian Flooring.
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Europe holds a considerable share of the market due to factors such as rising infrastructural development activities and the increasing demand for luxury flooring materials. The National Energy Efficiency Action Plans (NEEAPs) in Europe are encouraging the renovation of pre-existing residential and commercial buildings, aiding the adoption of sustainable flooring materials.
Meanwhile, in North America, hardwood floors are increasingly being preferred due to their lower emissions during their manufacturing process and various manufacturers pledging to combat deforestation. This is expected to drive the global flooring market expansion. The preference for hardwood floors has also surged in the United States amid the growth of the home repair and renovation sectors.
The robustly growing construction and interior designs in the Asia Pacific, particularly in countries like India, South Korea, China, and Japan, among others, are expected to drive the flooring market growth. The flourishing hospitality sector, coupled with the increasing construction of houses, hotels, restaurants, offices, schools, and hospitals, among others, is further creating a favourable market outlook.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 415.50 Billion.
The market is estimated to grow at a CAGR of 5.60% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 678.49 Billion by 2032.
The market is being driven by the rapid urbanisation, technological advancements, and rising trend of home renovation.
The key trends aiding the market expansion include soaring popularity of patterned luxury vinyl, increasing demand for eco flooring, rising use of paraquet effect, and rising appeal for dark wood laminate.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications include residential and commercial, among others.
The major players in the market are Mohawk Industries, Inc., Berkshire Hathaway, Inc. (Shaw Industries Group, Inc.), Tarkett S.A., Armstrong World Industries Inc. (AHF, LLC), Gerflor Group, Mannington Mills Inc., Forbo Flooring, Interface, Inc., Polyflor Ltd., RAK Ceramics PJSC, Crossville, Inc., Ceramiche Atlas Concorde SpA, Porcelanosa Group, Kajaria Ceramics Limited, and Canadian Flooring.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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Australia
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+61-448-061-727
India
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+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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