Indoor Flooring Market Growth, Analysis, Demand to 2028

[Research Report] The indoor flooring market was valued at US$ 146.90 billion in 2020, it is estimated to grow at a CAGR of 4.9% during the forecast period of 2021 to 2028.

In industrial settings such as warehouses, airplane hangars, assembly plants, paint shops, body shops, and distribution facilities, concrete floors are subject to wear and tear from exposure to harsh as well as corrosive chemicals and oils; they can also be damaged by scratches and abrasions caused by heavy machines and equipment such as airplanes and forklifts.

The rapid industrialization and establishment of manufacturing and processing plants in developing economies in APAC is driving the demand for floor coatings, and the pharmaceuticals, food & beverages, and automotive assembly industries are the key demand generators. Multinational corporations in Europe and America are expanding their operations in developing countries of APAC such as China and India. With renowned manufacturers setting up their operational facilities in the countries in this region, the demand for the industrial-grade floor coatings is also increasing. The rise in demand has been encouraging the indoor flooring market platers to introduce advanced and generic products, thereby driving the indoor flooring market

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Indoor Flooring Market: Strategic Insights

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Impact of COVID-19 Pandemic on Indoor Flooring Market

The COVID-19 outbreak has significantly impacted infrastructure development and the global economy. International response to the rapid disruption to key infrastructure sectors and industries is ongoing. According to the latest situation report from World Health Organization, the US, India, Brazil, Russia, the UK, France, Spain, and Italy are among the worst affected countries due to the COVID-19 outbreak. The outbreak first began in Wuhan (China) in December 2019, and since then, it has spread across the globe. The COVID-19 crisis has affected the industries worldwide. The global economy was adversely affected in 2020, which is likely to continue in 2021. The pandemic has disturbed indoor flooring businesses and suppliers around the globe. Market players experienced disruptions in their operations, and they are likely to face consequences till mid-2021. The factory shutdowns, trade bans, and border lockdowns have adversely affected the indoor flooring industry. On the flipper side, the market is opening in 2021 so it expected to gain traction in the near future.

Indoor Flooring Market Insights

Increasing Use of Floor Coatings in Sports Complexes

Floor coating systems used in indoor and outdoor sports arenas need the right combination of properties such as excellent point elasticity, skid resistance, surface elasticity, and rebound. They should also be extremely durable, while displaying excellent optical characteristics and compatibility with commonly used coloring materials and additives. High-performance polyurethane floor coatings impart excellent elasticity and good grip to surfaces while allowing players to be agile and move skillfully on the court, which makes it a preferred material for coating floors in indoor sports halls; tennis, volleyball, and basketball courts; and wrestling and gymnastic halls. The rising expenditure by governments and private construction companies in building sports complexes and arenas has led to the development of numerous sports facilities in urban as well as suburban areas, which are likely to generate a high demand for specialized high-performance indoor flooring materials in the coming years.

Type-Based Market Insights

Based on type, the indoor flooring market is categorized into ceramic tiles, carpet, vinyl linoleum & rubber, wood & laminate, and others. The ceramic tiles segment dominated the indoor flooring market. Ceramic tiles are widely used to enhance the floors of houses, hospital rooms, and toilets. They are extensively available in the market. Ceramic is also known as porcelain. Ceramic tiles are also used for flooring and walls. They are available in a broad range of varieties based on textures, patterns, and sizes. In the global and the local markets, many players offer different types of related products.

The players operating in the indoor flooring market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

• In 2020, according to state and local economic development sources, Shaw Industries Group invested US$ 20 million to build a new space in Ringgold. The company plans to occupy the new space in Ringgold, on or about June 1, 2021.
• In 2018, Interface Extends Reach into Performance Flooring with Acquisition of Rubber Flooring Company

Indoor Flooring Market Regional Insights

The regional trends and factors influencing the Indoor Flooring Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Indoor Flooring Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Indoor Flooring Market Report Scope

Indoor Flooring Market Players Density: Understanding Its Impact on Business Dynamics

The Indoor Flooring Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Indoor Flooring Market are:

1. Forbo International SA
2. Mats Inc.
3. Tarkett
4. Armstrong Flooring, Inc.
5. Beaulieu International Group

Disclaimer: The companies listed above are not ranked in any particular order.

 

The global indoor flooring market has been segmented as follows:

Global Indoor Flooring Market – by Type

• Ceramic Tiles
• Carpet
• Vinyl Linoleum & Rubber
• Wood & Laminate
• Others

Global Indoor Flooring Market – by End User

• Residential
• Non-Residential

Global Indoor Flooring Market – by Geography

• North America
  • US
  • Canada
  • Mexico
• Europe
  • France
  • Germany
  • Italy
  • Russia
  • UK
  • Rest of Europe
• Asia Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of APAC
• Middle East & Africa (MEA)
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA
• South & Central America (SCAM)
  • Brazil
  • Argentina
  • Rest of SCAM

Company Profiles

• Forbo International SA
• Mats Inc.
• Tarkett
• Armstrong Flooring, Inc.
• Beaulieu International Group
• Ecore International
• Interface, Inc.
• Toli Corporation
• Mohawk Industries, Inc.
• Shaw Industries Group, Inc.