The major players in the flooring market are Amtico, Armstrong Flooring, Congoleum Corp., Forbo Flooring Systems, Gerflor, Interface Inc., Kingspan Group Public Ltd. Company, Mannington Mills Inc., Mohawk Industries, Polyflor Ltd., Pergo, Shaw Floors, Tarkett, Beaulieu, Balta Flowcrete, Delconca, Instarmac, among others.
Selbyville, Delaware, Nov. 17, 2022 (GLOBE NEWSWIRE) —
Flooring market is expected to cross a valuation of $725 billion by 2032, according to latest research report by Global Market Insights Inc.
Growing urbanization presents an opportunity for commercial and non-commercial infrastructure development. With the increase in construction projects, the demand for construction elements such as flooring will also increase by 2032. According to United Nations estimates, the number of people residing in cities is expected to increase by 2.5 billion by 2050.
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The flooring market valuation of the resilient flooring segment is valued at USD 90 billion in 2022. Resilient flooring offers a reasonable safety coating as well as an aesthetic appearance, contributing to the growing consumer preference for these solutions over hard floors such as ceramic tile or stone. These flooring solutions are used in interior design, offices and carpets to enhance their visual appearance. Additionally, growing consumer demand for multiple rug designs and high-quality rugs, coupled with increasing disposable incomes, will drive product usage.
The commercial flooring industry was worth approximately USD 175 billion in 2022. Hospitals, shopping malls, rehabilitation centers, etc. are among those industrial spaces where proper flooring is essential. The growth of the hotel and service sectors, especially in developing countries, will stimulate the establishment of modern infrastructure. Additionally, increasing population, urbanization, and changing environmental impacts have prompted the use of sustainable building elements, further influencing market dynamics.
The European flooring market is expected to represent a CAGR of approximately 4% from 2023 to 2032. Rapid growth in several industries, including oil and gas, metallurgy, and mining, is increasing the demand for heavy-duty flooring solutions that can withstand to various chemicals and high temperatures. Stricter government regulations aimed at reducing VOC emissions from certain flooring materials such as laminate and PVC flooring may, however, restrain the growth of the regional industry.
Some of the key players in the flooring market include Amtico, Armstrong Flooring, Congoleum Corp., Forbo Flooring Systems, Gerflor, Interface Inc., Kingspan Group Public Ltd. Company, Mannington Mills Inc., Mohawk Industries, Polyflor Ltd., Pergo, Shaw Floors. , Tarkett, Beaulieu, Balta Flowcrete, Delconca, Instarmac, Parador, The Dixie Group, Hyosung Swan Carpet, EGGER, SWISS KRONO Holding AG and Neuhofer, among others. Many of these companies launch new products to expand their product portfolio and strengthen their market position.
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Partial Table of Contents (ToC) of the report:
Chapter 2 Executive Summary
2.1 360° Synthesis of Floor Coverings Market, 2018- 2032
2.1.1 Trade trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Floor Coverings Industry Overview
3.1 Industry Segmentation
3.2 Industry Size and Forecast, 2018 – 2032
3.3 Industry Ecosystem Analysis
3.4 Industry impact forces
3.4.1 Drivers of growth
22.214.171.124 Increase in construction expenditure
126.96.36.199 Revival of the construction industry in Europe
188.8.131.52 Rise in construction activities in the Middle East and North Africa
184.108.40.206 Rapid growth of urban population, changing lifestyle and activities
3.4.2 Industry Pitfalls and Challenges
220.127.116.11 Waste disposal
3.5 Regulatory landscape
3.6 Analysis of growth potential
3.7 Regional Price Trends
3.8 Porter’s analysis
3.9 PESTEL analysis
3.10 COVID-19 Impact on Floor Coverings by Application
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