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Flooring - Global Strategic Business Report

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    Report

  • 753 Pages
  • February 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5302785

Global Flooring Market to Reach $623.8 Billion by 2030

The global market for Flooring estimated at US$400.3 Billion in the year 2022, is projected to reach a revised size of US$623.8 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2022-2030. Non-Resilient Flooring, one of the segments analyzed in the report, is projected to record 6.6% CAGR and reach US$295.7 Billion by the end of the analysis period. Growth in the Soft Coverings segment is estimated at 5.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $105.6 Billion, While China is Forecast to Grow at 9% CAGR

The Flooring market in the U.S. is estimated at US$105.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$147.7 Billion by the year 2030 trailing a CAGR of 9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.2% and 4.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.

Select Competitors (Total 271 Featured)

  • Abet Laminati SpA
  • Alsafloor SA
  • American Biltrite, Inc.
  • Apollo Flooring Center
  • Architectural Systems, Inc.
  • Anxin Weiguang (Shanghai) Timber Co., Ltd.
  • Aged Woods, Inc.
  • AIREA PLC
  • Andersons Hardwood Floors
  • 4m Europe SA
  • Acrylicon Polymers GmbH
  • Applied Industrial Flooring
  • Accord Floors
  • Anika Global
  • AHF, LLC

Economic Outlook

The global economic outlook is improving, and growth recovery, albeit on the lower side, is expected for this year and the next. The United States although witnessing slowing GDP growth in response to tight monetary and financial conditions, has nevertheless overcome the recession threat. Easing of headline inflation in Euro area is helping boost real incomes and is contributing to pick-up in economic activity. China is expected to see strong increases in GDP in the coming year as the pandemic threat recedes and the government sheds its zero-COVID policy. With optimistic GDP projections, India remains on-course to emerge into a US trillion economy by 2030, surpassing Japan and Germany.

The upturn, however, remains fragile and a number of interlocking challenges continue to run in parallel, such as continued uncertainty around the war in Ukraine; slower than expected decline in global headline inflation; continuation of food and fuel inflation as a persistent economic problem for most developing countries; and still high retail inflation and its impact on consumer confidence and spending. Countries and their governments are showing signs of weathering these challenges, which helps lift market sentiments. As governments continue to combat inflation to get it down to more economically conformable levels by raising interest rates, new job creation will slowdown and impact economic activity. Stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced.

Although corporate investments can likely be held back by inflation worries and weaker demand, rise of new technologies will reverse partially this prevailing investment sentiment. Rise of generative AI; applied AI; industrializing machine learning; next-generation software development; Web3; cloud and edge computing; quantum technologies; electrification and renewables and climate technologies beyond electrification and renewables, will open up the global investment landscape. The technologies hold the potential to drive sizeable incremental growth and value to global GDP in the coming years. The short-term is expected to be a mixed bag of challenges and opportunities for both consumers and investors alike. There is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

What`s New?

  • Special discussions on the global economic climate and market sentiment
  • Coverage on global competitiveness and key competitor percentage market shares
  • Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and trademarked research platform
  • Complimentary updates for one year
  • Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Frequently Asked Questions about the Flooring Market

What is the estimated value of the Flooring Market?

The Flooring Market was estimated to be valued at $400.3 Billion in 2022.

What is the growth rate of the Flooring Market?

The growth rate of the Flooring Market is 5.7%, with an estimated value of $623.8 Billion by 2030.

What is the forecasted size of the Flooring Market?

The Flooring Market is estimated to be worth $623.8 Billion by 2030.

Who are the key companies in the Flooring Market?

Key companies in the Flooring Market include Abet Laminati SpA, Alsafloor SA, American Biltrite, Inc., Apollo Flooring Center, Architectural Systems, Inc., Anxin Weiguang (Shanghai) Timber Co., Ltd., Aged Woods, Inc., AIREA PLC, Andersons Hardwood Floors and 4m Europe SA.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • The Race Between the Virus & Vaccines Intensifies. Amidst this Chaotic Battle, Where is the World Economy Headed?
  • Progress on Vaccinations: Why Should Businesses Care?
  • With IMF’s Upward Revision of Global GDP Forecasts, Most Companies are Bullish about an Economic Comeback Despite a Continuing Pandemic
  • A Strong Yet Exceedingly Patchy & Uncertain Recovery Shaped by New Variants Comes Into Play: World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Easing Unemployment Levels in 2021 Although Moderate Will Infuse Hope for Industries Reliant on Consumer Discretionary Incomes: Global Number of Unemployed People (In Million) for Years 2019, 2020, 2021, and 2022
  • Industrial Activity Remain Subdued in 2020
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Pandemic's Effect on the Flooring Market
  • Construction Projects’ Backlog Restricts Market Growth
  • US Floor Coverings Market Shows Resilience During the Pandemic
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Flooring: An Introduction
  • Commercial and Domestic Flooring Common Variants
  • Product Types
  • Global Market Prospects & Outlook
  • Analysis by Product Type
  • World Flooring Market by Product Type (2021 & 2027): Percentage Breakdown of Sales for Non-Resilient Flooring, Resilient Flooring, Soft Coverings, and Seamless Flooring
  • Analysis by Application
  • World Flooring Market by Application (2021 & 2027): Percentage Breakdown of Sales for Residential, Commercial, and Industrial
  • Regional Analysis
  • World Flooring Market: Percentage Breakdown of Sales for Developed and Developing Regions for the Years 2021 & 2027
  • World Flooring Market: Geographic Regions Ranked by CAGR (Sales) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Canada, USA, Europe, and Japan
  • Competitive Scenario
  • Recent Market Activity
  • Select Global Brands
  • Wood Flooring Competitor Market Share Scenario Worldwide (in %): 2020
2. FOCUS ON SELECT PLAYERS
  • Key Trends Influencing the Growth in Flooring Market
  • Vinyl Flooring Demand Grows
  • Latest Advancements in the Flooring Industry
  • Select Flooring Innovations
  • Enhanced Standard of Living and Swift Urbanization to Boost the Flooring Market Growth
  • Global Households Breakdown by Type of Family: Percentage Growth (%) over the Period 2018-2028
  • Recovery in Global Construction Sector to Post Gains in Long Term
  • World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Global Value of Megacity Construction Projects (US$ Billion) in 2019
  • Trends in the Construction Industry Influence Market Uptake
  • Increased Activities of Remodeling and Renovation to Propel the Growth
  • Global Remodeling Market in US$ Trillion for the Years 2017, 2019, 2021, 2023 and 2025
  • Flooring Market Growth Drivers in the Residential Sector
  • Preference for Multistory Buildings to Pep up Flooring Products’ Demand
  • Spurred On by Rising Healthcare Burden, Hospitals Emerge as Important End-Use Sector
  • Rise in Sales of Hospital Beds in Parallel to Bed Expansion in Hospitals Worldwide Brings Good News for Flooring Products: Global Market for Hospital Beds (In US$ Million) for Years 2021, 2023, 2025 and 2027
  • Cautious Recovery of the Travel, Hospitality/Hotel Industry in 2022 & Beyond Bodes Well for Market Growth
  • E-Commerce Growth Presents Opportunities for Flooring Market
  • Global e-Commerce Market Growth Outlook (In %) for Years 2019-2025
  • Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
  • Rapid Growth in Urban Households
  • World Urban Population in Millions: 1950-2050
  • Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030, and 2050
  • Growing Affluence of Middle Class Consumer Segment
  • Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, and 2030
  • Rising Living Standards
  • Growing Smart Homes Catalyze Demand for Flooring Products
  • Growth in Total Number of Smart Homes (In Millions) for the Years 2019, 2021, 2023, 2025 & 2026
  • Key Challenges Restraining the Market Growth
  • Environmental Concerns
  • Flooring Retailers See Strong Demand Coming in Years to Come
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
  • TABLE 1: World Recent Past, Current & Future Analysis for Flooring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 2: World Historic Review for Flooring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 3: World 16-Year Perspective for Flooring by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
  • TABLE 4: World Recent Past, Current & Future Analysis for Non-Resilient Flooring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 5: World Historic Review for Non-Resilient Flooring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 6: World 16-Year Perspective for Non-Resilient Flooring by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 7: World Recent Past, Current & Future Analysis for Resilient Flooring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 8: World Historic Review for Resilient Flooring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 9: World 16-Year Perspective for Resilient Flooring by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 10: World Recent Past, Current & Future Analysis for Soft Coverings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 11: World Historic Review for Soft Coverings by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 12: World 16-Year Perspective for Soft Coverings by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 13: World Recent Past, Current & Future Analysis for Seamless Flooring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 14: World Historic Review for Seamless Flooring by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 15: World 16-Year Perspective for Seamless Flooring by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 16: World Recent Past, Current & Future Analysis for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 17: World Historic Review for Residential by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 18: World 16-Year Perspective for Residential by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 19: World Recent Past, Current & Future Analysis for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 20: World Historic Review for Commercial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 21: World 16-Year Perspective for Commercial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 22: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
  • TABLE 23: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
  • TABLE 24: World 16-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
  • TABLE 25: World Flooring Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
  • UNITED STATES
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
  • CANADA
  • JAPAN
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
  • CHINA
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
  • EUROPE
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
  • FRANCE
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
  • GERMANY
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
  • ITALY
  • UNITED KINGDOM
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
  • AUSTRALIA
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
  • INDIA
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
  • Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Abet Laminati SpA
  • Alsafloor SA
  • American Biltrite, Inc.
  • Apollo Flooring Center
  • Architectural Systems, Inc.
  • Anxin Weiguang (Shanghai) Timber Co., Ltd.
  • Aged Woods, Inc.
  • AIREA PLC
  • Andersons Hardwood Floors
  • 4m Europe SA
  • Acrylicon Polymers GmbH
  • Applied Industrial Flooring
  • Accord Floors
  • Anika Global
  • AHF, LLC