Flooring Market Size Forecast by 2031
Flooring Market: Size and Share
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CAGR (2023 - 2031)6.1% -
Market Size 2023
US$ 424.27 Billion -
Market Size 2031
US$ 692.28 Billion
Market Dynamics
- Increasing demand for eco-friendly flooring options
- Growth in residential and commercial construction
- Rising demand for low-maintenance flooring
- Rise in use of recycled materials in flooring
- Increasing use of luxury vinyl tiles (LVT)
- Focus on easy-to-clean and durable flooring solutions
- Growth in sustainable flooring solutions
- Growth of smart flooring systems
- Rising demand in renovation and remodeling markets
Market Segmentation
Product Type - Resilient Flooring
- Non-resilient Flooring
- Soft Cover & Others
Material - Carpets and Rugs
- Wood
- Laminates
- Vinyl Sheets and Tiles
- Ceramic Tiles
- Stone & Others
Application - Residential and Non-Residential
Flooring Market Players Density: Understanding Its Impact on Business Dynamics
The 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 Flooring Market are:
- Mohawk Flooring
- Shaw Industries Group, Inc
- Tarkett
- Armstrong Flooring, Inc.
- Forbo International Sa
- Gerflor
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Flooring Market top key players overview
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