Industries Study Report: Flooring Industry

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How is Technology Changing the Flooring Industry?

Flooring Industry Data Book - Ceramic Tiles, Resilient Flooring, Soft Covering Flooring, Wood & Laminate Flooring Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Flooring Industry generated over USD 266.48 billion in 2022 and is projected to grow at a CAGR of more than 5.6% from 2022 to 2030

Grand View Research’s flooring industry data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research.

Access the Global Flooring Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Ceramic Tiles Market Growth & Trends

The global ceramic tiles market is anticipated to reach USD 306.73 billion by 2030 and is anticipated to expand at a CAGR of 5.2% from 2022 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for aesthetically, superior and durable wall and floor covering solutions and consumer trends in floor design have been critical to the growth of ceramic tiles industry over the past few years. Increase of workspaces & offices, improving standard of living, and rapid urbanization are factors that have also contributed to the industry growth.

Ceramic tiles are among the popular options available in global market for wall and flooring applications. These tiles possesses low porosity and are resistant to fungus, bacteria, humidity, and stains, which make them easy to maintain and a long-term solution for residential & commercial applications. Moreover, these wall tiles can be modified to meet the desired design goals based on the areas such as hotels, hospitals, corridors, homes, pubs, bars, schools, and places of worship. The attractive colors and patterns available in these tiles enable a complete makeover of building structures.

Growth in construction expenditure in the developing Middle Eastern and Asia Pacific countries can be attributed to robust industrial as well as economic development along with population expansion, which is expected to positively impact on global demand for ceramic tiles in these regions over the coming years. Additionally, government bodies in emerging countries have invested highly in public infrastructures such as offices, building hospitals, and housing societies, which is to propel market demand for these products.

In future years, construction spending is expected to be supported by growth of private sector building contractors in India, China and the United Arab Emirates. China witnessed a slowdown in several sectors including construction sector in 2020. But this country is rapidly moving towards a consumer and service driven economy, which provides it with ample and profitable growth opportunities for new construction activity in different end users sectors including healthcare, education & training, social infrastructure, retail. Aforementioned factors are likely to provide impetus to construction activities in this region in the coming years.

Order your copy of the Free Sample of “Flooring Industry Data Book - Ceramic Tiles, Resilient Flooring, Soft Covering Flooring, Wood & Laminate Flooring Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Resilient Flooring Market Growth & Trends

The global resilient flooring market size is expected to reach USD 65.29 million by 2030 and is expected to expand at 6.1% CAGR from 2022 to 2030, according to a new report by Grand View Research, Inc.. The demand for resilient floorings is predicted to escalate over the forecast period as a result of increased investments in the construction industry and rising demand for aesthetic building enhancements. Furthermore, the growing construction spending in the emerging Middle Eastern and Asia Pacific economies would further bolster the market growth.

The technological advancements in the industry have resulted in the production of stable cores along with resilient flooring products having scratch & scuff resistance and noise mitigation properties. In addition, major market players are focused on the development of new products having high aesthetic values and additional properties such as waterproof, indentation resistance, and other performance characteristics.

Major players in the resilient flooring are focused on acquiring small players and brands and selling them along with the existing product portfolio. In addition, these players outsource these products to small enterprises or invest in the manufacturing of the product at the production facilities of the acquired companies. Furthermore, few companies have long-term contracts with manufacturers for providing an uninterrupted supply of products. Moreover, players in the resilient flooring market give contracts to new entrants and local manufacturers for obtaining unbranded products at low prices and later invest in the branding and packaging of these products before selling.

Go through the table of content of Flooring Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

Key players operating in the Flooring Industry are:

Mohawk Industries, Inc.
Tarkett, S.A.
AFI Licensing
Burke Flooring Products, Inc.
Forbo Flooring

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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Flooring Industry: Resilient Flooring Market Size to grow at 6.1% CAGR by 2030

Flooring Industry Data Book - Ceramic Tiles, Resilient Flooring, Soft Covering Flooring, Wood & Laminate Flooring Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

The global Flooring Industry was valued at USD 266.48 billion in 2022 and is anticipated to increase at a significant CAGR of 5.6% from 2022 to 2030.

Ceramic Tiles Market Insights

The global ceramic tiles market size was estimated at USD 59,692.1 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2030. Increasing demand for aesthetically, superior and durable wall and floor covering solutions and consumer trends in floor design have been driving industry growth of the market over the past few years. Expansion of offices & workspaces, improving consumer lifestyle, and rapid urbanization are factors that have also contributed to the market growth. The tremendous cost of rehabilitation has created a demand for materials with a much longer life span and requiring minimal maintenance. This is expected to have a positive impact on the industry over the forecast period. Ceramic tiles are available in a variety of colors, textures, and sizes which has led to an increase in the attractiveness of this market segment over the past years.

The growth in construction spending in the emerging Middle Eastern and Asia Pacific economies can be attributed to the strong industrial and economic development coupled with population expansion, which is likely to have a positive impact on the demand for ceramic tiles in these regions over the forecast period. Furthermore, the governments of emerging economies have invested significantly in public infrastructures such as offices, building hospitals, and housing societies.

The positive outlook of the healthcare sector in the U.S. is expected to promote the demand for anti-bacterial, stain & water-resistant, low-maintenance, and highly durable flooring over the forecast period. Changing consumer preferences coupled with increasing options for decorative flooring to improve the aesthetics of commercial buildings such as offices and business centers are further expected to promote the demand over the forecast period.

Resilient Flooring Market Insights

The global resilient flooring market size was USD 29,225.3 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.1% from 2023 to 2030. This growth is attributed to the benefits of resilient flooring, such as impact & scratch resistance, waterproofing, odor-proofing, and durability, in comparison to other flooring alternatives. In addition, the expansion of ultramodern workspaces and offices and rapid urbanization would further escalate the growth of the resilient flooring market.

The emergence of India, Taiwan, and Mexico as the upcoming manufacturing hubs will not only result in the establishment of factories but also in the migration of large population close to these centers, thus resulting in the development of new cities or expansion of the existing cities. This factor is expected to play an important role in developing the market for resilient flooring over the forecast period.

With an ever-increasing growth in interior segment and real estate, floor covering solutions, accessories, and equipment have gained considerable importance. The product is expected to continue its dominance, as it is economical and offers considerable longevity in comparison to conventional solutions.

Go through the table of content of Flooring Industry Data Book to get a better understanding of the Coverage & Scope of the study

Flooring Industry Data Book Competitive Landscape

Key players operating in the Flooring Industry are:

Shaw Industries, Inc.
Interface, Inc.
Gerflor
Mannington Mills, Inc.
Polyflor

Check out more Industry Data Books, published by Grand View Research

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Flooring Industry: Ceramic Tiles Market is projected to expand at a CAGR of around 5.2% by 2030

Flooring Industry Data Book - Ceramic Tiles, Resilient Flooring, Soft Covering Flooring, Wood & Laminate Flooring Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030

Access the Global Flooring Industry Data Book, 2023 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Ceramic Tiles Market Report Highlights

The global Ceramic Tiles Market size was estimated at USD 59,692.1 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.2% from 2022 to 2030.

The demand for porcelain ceramic tiles is expected to witness a CAGR of 7.6% over the estimated time owing to its wide applications in residential flooring applications and benefits including durability and enhanced aesthetics
In Europe, the revenue for glazed ceramic tiles in 2021 stood at USD 20.56 billion and is projected to witness a CAGR of 5.8% during the forecast period on account of the increasing popularity of eco-friendly building materials with high aesthetic value
In 2021, commercial flooring applications dominated the global market with a share of around 67% on account of the high penetration of ceramic tiles in office construction driven by superior aesthetics and durability offered by the product
The market in Asia Pacific is expected to witness a CAGR of 8.2% by revenue from 2022 to 2030 on account of the wide acceptance of the ceramic product in flooring applications
Industry participants focus on achieving long-term contracts with players in application industries to gain a competitive advantage. Small-scale players in the market are also adopting such strategies to increase their penetration in the competitive market.

Order your copy of Free Sample of “Flooring Industry Data Book - Ceramic Tiles, Resilient Flooring, Soft Covering Flooring, Wood & Laminate Flooring Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research

Resilient Flooring Market Report Highlights

The global Resilient Flooring Market size was estimated at USD 29,225.3 million in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 6.1% from 2022 to 2030.

Luxury Vinyl Tile (LVT) accounted for the highest share of 39.1% in 2022. As these tiles can be easily designed with endless patterns and in several color options, thereby offering a wide range of product varieties for the application industries. LVTs have higher vinyl content, which makes them durable, flexible, and sturdy. These are versatile and high performing resilient flooring option available in plank, tile, and sheet formats. Vinyl is a non-porous waterproof material, which makes the tiles perfect for use in kitchens and high traffic areas
The rising preference for resilient flooring by designers and architects is expected to boost the demand in the commercial application segment over the projected period. Moreover, the expansion of modern offices and workspaces, growing renovation activities in commercial spaces, and rapid industrialization in developing economies are expected to propel resilient flooring market growth over the forecast period
The resilient flooring product demand in domestic as well as international markets is projected to witness surge over the forecast period with Asian resilient flooring manufacturers increasing their production capacities and providing improved quality and cost-effective products, especially luxury vinyl tiles. The availability of a wide range of colors and designs, ease of installation, stain resistance, and durability of the products are few factors projected to drive the demand for LVT resilient flooring over the forecast period
Increasing migration in the country’s largest cities including Sao Paulo and Rio de Janeiro as well as in emerging cities is projected to drive the demand for new dwellings. Furthermore, growing consumer awareness is projected to create opportunities for the sustainable construction of residential buildings in the private sector, thereby driving the demand for environment-friendly flooring materials including linoleum and cork over the projected period
Innovators, market leaders, and emerging players characterize the competition in the global resilient flooring market. The market has witnessed extensive competition on account of increasing innovations and growing demand for resilient flooring products. A large number of manufacturers are engaged in the research & development activities to introduce sustainable flooring materials

Go through the table of content of Flooring Industry Data Book to get a better understanding of the Coverage & Scope of the study

Competitive Landscape

The manufacturers aim to achieve optimum business growth and strong market position through implementation of various strategies such as acquisitions, new product launch, collaborations, and strengthening of distribution network in the global as well as regional markets. Flooring material manufacturers aim to intensify their market positions by widening their customer base. Thus, multi-national players are aiming to achieve business growth in regional market by mergers, acquisition and other strategic initiatives.

Key players operating in the Flooring industry are:

Mohawk Industries, Inc.
Tarkett, S.A.
AFI Licensing
Burke Flooring Products, Inc.
Forbo Flooring
Shaw Industries, Inc.
Interface, Inc.

Check out more Industry Data Books, published by Grand View Research

About Grand View Research

Contact:

How is Technology Changing the Flooring Industry?

Flooring Industry: Resilient Flooring Market Size to grow at 6.1% CAGR by 2030

Flooring Industry: Ceramic Tiles Market is projected to expand at a CAGR of around 5.2% by 2030

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