Global Flooring and Carpet Market Leading Players, Opportunities, Past Data, Share, Size

Global Flooring and Carpet Market Leading Players, Opportunities, Past Data, Share, Size

Description

The estimated size of the worldwide flooring market in 2025 was USD 450 billion, and during the forecast period, growth is anticipated to be 6.5%. The market is anticipated to be driven by rising spending on infrastructure improvements and the expanding global population.

The market is also anticipated to develop as a result of consumer preferences for flooring that requires less maintenance and is simple to install, as well as for designs, textures, and colours that are more aesthetically pleasing. Because a well-insulated floor produces a better acoustic environment, the growing desire for comfort and solitude as a result of noisier surroundings has increased demand for insulation in the flooring market. As a result, there is a higher need for floor insulation, which is boosting market expansion.

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Product Information

In 2021, vitrified (Porcelain) tiles held the market’s largest revenue share with 27.6%. This is due to its characteristics, since porcelain tiles are created from finer and denser clays and fired at high temperatures, making them stronger and more lasting than regular ceramic tiles.

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Additionally, porcelain tiles are stronger because they are constructed of finer, denser clay and are fired at high temperatures. Impervious porcelain tiles’ characteristics, such as their resistance to mould and germs, contribute to the flooring’s long-term worth. This flooring item is also simple to maintain and does not fade.

Application Perspectives

In 2021, the flooring market’s residential application sector held a 49.2% revenue share, dominating the industry. The residential end-use segment consists of small houses, apartments, complexes, and residential buildings. In both developing and developed economies, government subsidies for first-time homebuyers have had a favourable impact on the expansion of the residential sector.

The developing nations in the Asia Pacific area have established a number of programmes to aid in the growth of the real estate industry. Governments in these nations provide some or all of the funding for these programmes, which eventually helps the construction industry’s demand side. Over the ensuing years, this is projected to fuel the flooring market’s expansion.

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Sorting insights

The market was led by non-resilient flooring in 2021, with 61.4% of the total revenue share. The population and industrial activity development in developing nations is attributed to the growth in commercial and residential construction. Due to their excellent water resistance and long-lasting durability, the sector is anticipated to continue to dominate the market during the projection period.

Regional Perspectives

In 2021, the Asia Pacific region dominated the market and held 44.96% of the overall share. During the projection period, a CAGR of 6.3% is predicted for the regional market. The demand for flooring products is anticipated to increase during the forecast period due to factors including rising investments in affordable housing, the development of smart cities, the upgrading and building of infrastructure, and investments in the tourism industry.

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Some prominent players in the flooring market include:

  • Mannington Mills
  • Shaw Industries
  • TOLI Corporation
  • Milliken & Company
  • Forbo
  • Mohawk Industries
  • Floorworld LLC
  • Tarkett Company
  • Forbo Holding
  • Polyflor Incorporation
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Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa
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