Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 338.59 Billion | USD 720.94 Billion | 8.76% | 2023 |
According to a report from Zion Market Research, the global Flooring Market was valued at USD 338.59 Billion in 2023 and is projected to hit USD 720.94 Billion by 2032, with a compound annual growth rate (CAGR) of 8.76% during the forecast period 2024-2032.
This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Flooring industry over the next decade.
The flooring market is growing at a rapid rate. It is a buyer-oriented market. Flooring is a process of covering the floor by using the floor covering such as tiles, vinyl, carpet, laminate, and others. The flooring market faces critical issues such as the disposal or proper management of waste. The most severe challenge that the flooring market deals with is the disposal of waste.
The major demand for flooring in various regions has increased the growth in the global flooring market. The rising infrastructure expenditure in the sectors such as hospitals, transportation, retail, and healthcare boosts the global flooring market. The towering rise in the construction industry and escalating rise in the urbanized population have helped in the substantial global market growth in developing countries. The rise in the use of flooring in residential infrastructures influences the growth of the global flooring market.
The global flooring market is segmented on the basis of type, material, application, and region.
The type segment is further segmented into resilient, non-resilient, soft covering, and others.
The material segment is bifurcated into woods, vinyl, tiles, carpets and rugs, and others.
The application segment is further categorized into residential and non-residential.
Report Attributes | Report Details |
---|---|
Report Name | Flooring Market |
Market Size in 2023 | USD 338.59 Billion |
Market Forecast in 2032 | USD 720.94 Billion |
Growth Rate | CAGR of 8.76% |
Number of Pages | 110 |
Key Companies Covered | Amcor Limited, Rexam Plc, Ardagh Group, CPMC, Alcoa Incorporated, Crown Holdings, Silgan Holdings, Ball Corporation, Greif Incorporated, and Ton Yi Industrial. The other players in the market include Karndean, Interface Global, Anderson Hardwood Floors, Fired Earth, Asian Granito, Forbo, and Milliken, among others |
Segments Covered | By Type, By Material, By Application And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific dominates the global flooring market due to the rise in the number of construction projects in developing regions. There is high growth in the global market in North America and Europe.
The UK, the U.S., Germany, India, China, Australia, Malaysia, Japan, Canada, Indonesia, Spain, Italy, and Brazil are investing a huge sum of money in the construction industry for the development of infrastructures such as hospitals, healthcare, and transportation in order to achieve rapid economic growth. Developing economies such as China and India play an important role in the global flooring market. The high growth rate in the construction industry due to the increase in urbanization and high residential application is further expected to boost the global market.
Some main participants in the Flooring market are
By Type
By Material
By Application
Flooring Market: Regional Segment Analysis
FrequentlyAsked Questions
The UK, the U.S., Germany, India, China, Australia, Malaysia, Japan, Canada, Indonesia, Spain, Italy, and Brazil are investing a huge sum of money in the construction industry for the development of infrastructures such as hospitals, healthcare, and transportation in order to achieve rapid economic growth.
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