Global Flooring Strategic Industry Report 2024: Market to Reach $623.8 Billion by 2030 with Non-Resilient Flooring Accounting for Over $295 Billion
Flooring Market
Dublin, April 08, 2024 (GLOBE NEWSWIRE) -- The "Flooring - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Flooring Market to Reach $623.8 Billion by 2030
The global market for Flooring estimated at US$421.4 Billion in the year 2023, is projected to reach a revised size of US$623.8 Billion by 2030, growing at a CAGR of 5% over the analysis period 2023-2030.
The global flooring market is experiencing significant competition, with strong, active, niche, and trivial players vying for market share in 2023. Flooring encompasses various commercial and domestic variants, with wood flooring being a prominent segment. Market prospects indicate a positive outlook, driven by trends such as growing demand for vinyl flooring and advancements in the industry.
Analysis by product type, application, and region provides insights into market dynamics. Recent market activity reflects ongoing developments and innovations in flooring technologies. Overall, factors like enhanced standards of living and rapid urbanization are expected to fuel the growth of the flooring market.
Non-Resilient Flooring, one of the segments analyzed in the report, is projected to record 5.8% CAGR and reach US$295.7 Billion by the end of the analysis period. Growth in the Soft Coverings segment is estimated at 4.7% CAGR for the next 8-year period.
The U.S. Market is Estimated at $110 Billion, While China is Forecast to Grow at 7.9% CAGR
The Flooring market in the U.S. is estimated at US$110 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$147.7 Billion by the year 2030 trailing a CAGR of 7.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 3.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.
Exciting New Report Features
Full access to influencer engagement stats
Complimentary report updates for one year
Competitor coverage with global market shares of major players
Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes
Key Attributes:
Report Attribute | Details |
No. of Pages | 753 |
Forecast Period | 2023 - 2030 |
Estimated Market Value (USD) in 2023 | $421.4 Billion |
Forecasted Market Value (USD) by 2030 | $623.8 Billion |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Global |
MARKET OVERVIEW
Flooring - Global Key Competitors Percentage Market Share in 2023 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
Flooring: An Introduction
Commercial and Domestic Flooring Common Variants
Product Types
Global Market Prospects & Outlook
Analysis by Product Type
Analysis by Application
Regional Analysis
Competitive Scenario
Recent Market Activity
Select Global Brands
Wood Flooring Competitor Market Share Scenario Worldwide (in %): 2020
MARKET TRENDS & DRIVERS
Key Trends Influencing the Growth in Flooring Market
Vinyl Flooring Demand Grows
Latest Advancements in the Flooring Industry
Select Flooring Innovations
Enhanced Standard of Living and Swift Urbanization to Boost the Flooring Market Growth
Global Households Breakdown by Type of Family: Percentage Growth (%) over the Period 2018-2028
Recovery in Global Construction Sector to Post Gains in Long Term
Trends in the Construction Industry Influence Market Uptake
Increased Activities of Remodeling and Renovation to Propel the Growth
Global Remodeling Market in US$ Trillion for the Years 2017, 2019, 2021, 2023 and 2025
Flooring Market Growth Drivers in the Residential Sector
Preference for Multistory Buildings to Pep up Flooring Products' Demand
Spurred On by Rising Healthcare Burden, Hospitals Emerge as Important End-Use Sector
Rise in Sales of Hospital Beds in Parallel to Bed Expansion in Hospitals Worldwide Brings Good News for Flooring Products: Global Market for Hospital Beds (In US$ Million) for Years 2021, 2023, 2025 and 2027
Cautious Recovery of the Travel, Hospitality/Hotel Industry in 2022 & Beyond Bodes Well for Market Growth
E-Commerce Growth Presents Opportunities for Flooring Market
Global e-Commerce Market Growth Outlook (In %) for Years 2019-2025
Favorable Demographic & Socio-Economic Trends Strengthen Market Prospects
World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
Rapid Growth in Urban Households
World Urban Population in Millions: 1950-2050
Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030, and 2050
Growing Affluence of Middle Class Consumer Segment
Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, and 2030
Rising Living Standards
Growing Smart Homes Catalyze Demand for Flooring Products
Growth in Total Number of Smart Homes (In Millions) for the Years 2019, 2021, 2023, 2025 & 2026
Key Challenges Restraining the Market Growth
Environmental Concerns
Flooring Retailers See Strong Demand Coming in Years to Come
FOCUS ON SELECT PLAYERS(Total 271 Featured)
Abet Laminati SpA
Alsafloor SA
American Biltrite, Inc.
Apollo Flooring Center
Architectural Systems, Inc.
Anxin Weiguang (Shanghai) Timber Co., Ltd.
Aged Woods, Inc.
AIREA PLC
Andersons Hardwood Floors
4m Europe SA
Acrylicon Polymers GmbH
Applied Industrial Flooring
Accord Floors
Anika Global
AHF, LLC
For more information about this report visit https://www.researchandmarkets.com/r/zhvwnh
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900