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Report Overview
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.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- Resilient flooring systems are expected to dominate the market over the forecast period.
- As per the National Wood Flooring Association, in the United States, the hardwood flooring sector contributes USD 4 billion to the US GDP and employs 45,000 people.
- Soaring popularity of patterned luxury vinyl and paraquet effect are among the key flooring market trends.
Global Flooring Market Size
The global flooring market size reached approximately USD 415.50 billion in 2023. The market is projected to grow at a CAGR of 5.6% between 2024 and 2032, reaching a value of around USD 678.50 billion by 2032.
Key Takeaways
- Resilient flooring systems are expected to dominate the market over the forecast period.
- As per the National Wood Flooring Association, in the United States, the hardwood flooring sector contributes USD 4 billion to the US GDP and employs 45,000 people.
- Soaring popularity of patterned luxury vinyl and paraquet effect are among the key flooring market trends.
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.
Flooring Market Report Snapshots
*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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Key Questions Answered in the Report
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.
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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