Floor covering is a term used to describe any layer of finish material applied over a floor structure to provide permanent covering. Common flooring materials are vinyl sheet & tiles, carpets & rugs, laminates, natural stone, wood, ceramic tiles, and rubber. Resilient, non-resilient, and soft cover types of flooring materials are used based on the type of the application.
Carpets are designed for warm or dry applications. They are available in natural and synthetic forms with various patterns, colors, and styles. Hardwood and engineered wood flooring products are highly popular and available in many forms. Engineered wood differs from hardwood; it is a laminate of several wood layers, which is machined to have a specific look and feel. Stone is a kind of flooring option, wherein different types of natural rocks are carved out of a quarry and then cut for applications in flooring. Vinyl flooring is a fully synthetic polymer flooring with added color.
In terms of region, Asia Pacific dominated the flooring market in 2020. Asia Pacific and Europe cumulatively accounted for more than 62% share of the global flooring market in 2020. North America is a mature market for the flooring industry. The real estate industry in above mentioned regions is expanding rapidly due to the shift in government focus toward infrastructure development. Implementation of beneficial regulations along with rising population is making the flooring market in Asia Pacific region highly attractive. The flooring market in North America, Europe, and Asia Pacific is expected to expand at a fast pace, while that in Latin America and Middle East & Africa is projected to expand at a moderate pace during the forecast period.
Global Flooring market size will increase to 48400 Million US$ by 2026, from 31300 Million US$ in 2020, at a CAGR of 5.6% during the forecast period. In this study, 2021 has been considered as the base year and 2021 to 2026 as the forecast period to estimate the market size for Flooring.
This report covers the present status and the future prospects of the global Flooring market for 2015-2026.
The report offers detailed coverage of Flooring industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Flooring by geography. The report splits the market size, by volume and value, on the basis of application type and geography.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].
Key Companies
Mohawk Industries (US), Shaw Industries (US), Tarkett (France), Armstrong Flooring (US), Forbo (Switzerland), Gerflor (France), Interface (US), Beaulieu International (Belgium), TOLI Corporation (Japan), Milliken & Company (US)
Market Segment as follows:
Market by Order Type
Carpets & Rugs
Resilient (Vinyl, Cork, Linoleum, Rubber, Resin)
Non-resilient (Ceramic, Stone, Wood, Laminate)
Flooring Breakdown Data by Application
Residential
Non-residential
Flooring Production market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Flooring market for the forecast period 2021 - 2026?
• What are the driving forces in the Flooring market for the forecast period 2021 - 2026?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Flooring industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.