The global commercial flooring market size reached US$ 74.6 Billion in 2023. Looking forward, the market is projected to reach US$ 106.3 Billion by 2032, exhibiting a growth rate (CAGR) of 4.01% during 2023-2032.
Commercial flooring is designed to offer high strength and durability to withstand the wear and tear caused by heavy objects, such as business equipment and furniture, in commercial spaces. It is resistant to moisture, rotting and bubbling, which makes it last long with little maintenance. As a result, it finds extensive applications in the education, healthcare, retail, and hospitality sectors. At present, there is a rise in the demand for isolated homes and offices among the masses, which is increasing the demand for commercial flooring across the globe.
This, coupled with product innovations that reduce hassle during installation, is offering lucrative growth opportunities to industry investors. Besides this, key market players are offering online services, such as advanced catalogs and virtual assistants, to attract consumers. They are also focusing on upgrading the quality of materials and replacing conventional materials with improved variants, which is bolstering the market growth. Additionally, the growing awareness about cost-effective and eco-friendly flooring materials, such as glass, bamboo, linoleum, polyester, and reclaimed hardwood, is positively influencing the market.
2. What is the expected growth rate of the global commercial flooring market during 2024-2032?
3. What are the key factors driving the global commercial flooring market?
4. What has been the impact of COVID-19 on the global commercial flooring market?
5. What is the breakup of the global commercial flooring market based on the product?
6. What is the breakup of the global commercial flooring market based on the application?
7. What are the key regions in the global commercial flooring market?
8. Who are the key players/companies in the global commercial flooring market?
Commercial flooring is designed to offer high strength and durability to withstand the wear and tear caused by heavy objects, such as business equipment and furniture, in commercial spaces. It is resistant to moisture, rotting and bubbling, which makes it last long with little maintenance. As a result, it finds extensive applications in the education, healthcare, retail, and hospitality sectors. At present, there is a rise in the demand for isolated homes and offices among the masses, which is increasing the demand for commercial flooring across the globe.
Commercial Flooring Market Trends
Governments of several countries are extensively investing in infrastructure development, especially in non-private structures. This, along with the burgeoning construction industry due to the inflating per capita income, changing lifestyles of individuals and the growing global population, represents one of the key factors driving the market. Moreover, the rising trend of green buildings, which reduce consumption of energy and improve indoor air quality, is propelling the growth of the market. In addition, there is an increase in the demand for lightweight and comfortable floor covers, including wood, fired tiles, and rugs that limit the emission of volatile organic compounds (VOCs).This, coupled with product innovations that reduce hassle during installation, is offering lucrative growth opportunities to industry investors. Besides this, key market players are offering online services, such as advanced catalogs and virtual assistants, to attract consumers. They are also focusing on upgrading the quality of materials and replacing conventional materials with improved variants, which is bolstering the market growth. Additionally, the growing awareness about cost-effective and eco-friendly flooring materials, such as glass, bamboo, linoleum, polyester, and reclaimed hardwood, is positively influencing the market.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the global commercial flooring market report, along with forecasts at the global, regional and country levels from 2024-2032. The report has categorized the market based on product and application.Breakup by Product:
- Soft Coverings
- Resilient Flooring
- Non-Resilient Flooring
- Seamless Flooring
- Wood and Laminates
Breakup by Application:
- Commercial Buildings
- Healthcare
- Education
- Leisure and Hospitality
- Retail
- Public Buildings
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Armstrong Flooring Inc., Forbo Holding AG, Gerflor, Interface Inc., IVC Group (Mohawk Industries Inc.), James Halstead PLC, LX Hausys, Mannington Mills Inc., Milliken & Company, NOX Corporation and RPM International Inc.Key Questions Answered in This Report
1. What was the size of the global commercial flooring market in 2023?2. What is the expected growth rate of the global commercial flooring market during 2024-2032?
3. What are the key factors driving the global commercial flooring market?
4. What has been the impact of COVID-19 on the global commercial flooring market?
5. What is the breakup of the global commercial flooring market based on the product?
6. What is the breakup of the global commercial flooring market based on the application?
7. What are the key regions in the global commercial flooring market?
8. Who are the key players/companies in the global commercial flooring market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Commercial Flooring Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Armstrong Flooring Inc.
- Forbo Holding AG
- Gerflor
- Interface Inc.
- IVC Group (Mohawk Industries Inc.)
- James Halstead PLC
- LX Hausys
- Mannington Mills Inc.
- Milliken & Company
- NOX Corporation
- RPM International Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 138 |
| Published | April 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 74.6 Billion |
| Forecasted Market Value ( USD | $ 106.3 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
