Floor Covering Market size was valued at US$ 330.2 billion in 2023 and is projected to grow at a CAGR of 8.8% from 2024-2030. The market is expected to expand, fuelled by a broad and diverse consumer base demanding high-quality goods for both commercial and residential settings. Factors such as rising disposable income, a thriving housing industry, and expanding desire for luxury flooring options all contribute to the market's growth. The rising demand for floor coverings in the residential sector is a major trend in the industry. Consumers' increased interest in interior decor, particularly in improving the aesthetic appeal of their homes and workplaces, has been a major driver of industry growth. This trend is fuelled by rising income levels, changing lifestyles, and the influence of varied cultural aesthetics.
Study Period
2024– 2030Base Year
2023CAGR
8.8%Largest Market
North AmericaFastest Growing Market
Asia pacific
Increased in consumer purchasing power, which is being fuelled by increased disposable incomes and a thriving housing market. This financial freedom allows consumers to choose higher-quality and more luxurious flooring solutions, especially if they invest more in constructing visually appealing interiors. The residential sector is experiencing a significant growth in demand for a variety of floor-covering solutions as homeowners strive to improve the comfort and visual appeal of their living spaces. Another significant market driver is the emergence of innovative and high-quality flooring products that adapt to changing consumer tastes. As the value of residential real estate rises, more people see high-end flooring as a worthy investment that adds aesthetic and monetary value to their homes. Furthermore, as customers become more environmentally concerned, there is an increased awareness of and demand for sustainable and eco-friendly flooring solutions, which influences the industry. These characteristics, combined with the trend toward more individualized and culturally rich interior designs, are boosting long-term demand in the floor-covering sector. However, the fluctuating cost of raw materials is a major constraint in the floor-covering sector, as it can have a substantial impact on product pricing and profitability. Furthermore, Economic uncertainty and slowdowns in the construction sector may hinder market growth, especially in areas where housing and commercial real estate development has slowed or declined.
Report Benchmarks |
Details |
Report Study Period |
2024– 2030 |
Market Size in 2023 |
US$ 330.2 billion |
Market CAGR |
8.8% |
By Product |
|
By End User |
|
By Region |
|
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The Floor Covering Market was valued at US$ 330.2 billion in 2023 and is projected to grow at a CAGR of 8.8%.
Rising disposable incomes and an increasing demand for luxury and high-quality flooring solutions in residential and commercial spaces drive the floor-covering sector.
The market is seeing an increase in customer desire for sustainable and eco-friendly flooring materials, reflecting a broader shift toward environmental concern.
Market research is segmented based on type, end-user and region.
North America is estimated to fastest growing region with the highest CAGR over the forecast period.
1. Executive Summary |
2. Global Floor Covering Market Introduction |
2.1.Global Floor Covering Market - Taxonomy |
2.2.Global Floor Covering Market - Definitions |
2.2.1.Product |
2.2.2.End Users |
2.2.3.Region |
3. Global Floor Covering Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4. Global Floor Covering Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Floor Covering Market By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Wood Flooring |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Laminate Flooring |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Stone Flooring |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Vinyl Flooring |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. Ceramic Tiles Flooring |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Others |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
6. Global Floor Covering Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Commercial |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Residential |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Global Floor Covering Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific (APAC) |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8. North America Floor Covering Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Wood Flooring |
8.1.2.Laminate Flooring |
8.1.3.Stone Flooring |
8.1.4.Vinyl Flooring |
8.1.5.Ceramic Tiles Flooring |
8.1.6.Others |
8.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.Commercial |
8.2.2.Residential |
8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9. Europe Floor Covering Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Wood Flooring |
9.1.2.Laminate Flooring |
9.1.3.Stone Flooring |
9.1.4.Vinyl Flooring |
9.1.5.Ceramic Tiles Flooring |
9.1.6.Others |
9.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Commercial |
9.2.2.Residential |
9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
9.3.6.Rest of EU |
10. Asia Pacific (APAC) Floor Covering Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Wood Flooring |
10.1.2.Laminate Flooring |
10.1.3.Stone Flooring |
10.1.4.Vinyl Flooring |
10.1.5.Ceramic Tiles Flooring |
10.1.6.Others |
10.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Commercial |
10.2.2.Residential |
10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11. Middle East and Africa (MEA) Floor Covering Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Wood Flooring |
11.1.2.Laminate Flooring |
11.1.3.Stone Flooring |
11.1.4.Vinyl Flooring |
11.1.5.Ceramic Tiles Flooring |
11.1.6.Others |
11.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Commercial |
11.2.2.Residential |
11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12. Latin America Floor Covering Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Wood Flooring |
12.1.2.Laminate Flooring |
12.1.3.Stone Flooring |
12.1.4.Vinyl Flooring |
12.1.5.Ceramic Tiles Flooring |
12.1.6.Others |
12.2. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Commercial |
12.2.2.Residential |
12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.Armstrong Flooring |
13.2.2.Gerflor Group |
13.2.3.Mannington Mills Inc |
13.2.4.Tarkett Group |
13.2.5.Dixie Group Inc |
13.2.6.Shaw Industries Group Inc |
13.2.7.Mohawk Industries |
13.2.8.Forbo Holdings |
13.2.9.TOLI Corporation |
13.2.10.Milliken & Company |
14. Research Methodology |
15. Appendix and Abbreviations |
Key Market Players