Global Flooring Market Is Expected to Reach $558.2 Billion by 2031: Says AMR

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Rise in the construction of residential buildings in the developing nations drives the growth of the global flooring market. By printing type, the traditional segment held the major share in 2021. By region, however, LAMEA would showcase the fastest CAGR by 2031.

Portland,OR, Nov. 21, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global flooring market was estimated at $320.3 billion in 2021 and is expected to hit $558.2 billion by 2031, registering a CAGR of 5.6% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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Report coverage & details:

Report Coverage Details
Forecast Period 2022–2031
Base Year 2021
Market Size in 2021 $320.3 Billion
Market Size in 2031 $558.2 Billion
CAGR 5.6%
No. of Pages in Report 229
Segments Covered Printing type, Material, End user, and Region.
Drivers Rise in the construction of residential buildings in the developing nations
Restraints The negative impact of Covid-19 for the time being
Opportunities Surge in the number of new projects under public-private partnerships

Covid-19 scenario-

  • Restrictions on construction activities during the time had a sheer negative impact on the growth of the global flooring market. Reduced home remodeling projects aggravated the scenario even more.
  • However, the market has now been able to get back on track.

The global flooring market is analyzed across printing type, material, end user, and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

Based on printing type, the traditional segment contributed to nearly 90% of the global flooring market revenue in 2021, and is expected to dominate by 2031. The digital segment, on the other hand, would showcase the fastest CAGR of 6.1% throughout the forecast period.

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Based on material, the ceramic segment accounted for more than three-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The others segment, simultaneously, would cite the fastest CAGR of 6.4% throughout the forecast period.

Based on end-user, the residential segment held nearly two-thirds of the total market revenue in 2021, and is expected to dominate by 2031. The non-residential segment, however, would cite the fastest CAGR of 5.9% throughout the forecast period.

Based on region, the market across Asia-Pacific generated nearly half of the global flooring market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The LAMEA region, at the same time, would showcase the fastest CAGR of 7.1% during the forecast period. The other regions studied in the report include North America and Europe

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Leading Players:

The key market players analyzed in the global flooring market report include Armstrong Flooring, Milliken and Company, AZEK Company, Toli Corporation, Beaulieu International Group, Mohawk Industries Inc., ECORE International, Inc., Iron Woods, Citadel Floors, Ebaco India Pvt. Ltd., Fiberon, Forbo Flooring, Gerflor, Interface Inc., Mats Inc., Shaw Industries, Tarkett S.A.These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players. 

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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