Floor Covering Market: By Type, By End-User and Geography

Floor Covering Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Wood Flooring, Laminate Flooring, Stone Flooring, Vinyl Flooring, Ceramic Tiles Flooring, Others), By End-User (Commercial, Residential) and Region

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.

Floor Covering Market Key Developments:

  • On August 27, 2024, Bjelin introduced a patented herringbone floor that offers a new perspective on a classic style. Woodura Herringbone 2.0 features larger panels that are three times the strength of typical wood choices and can be simply mounted using click technology.
  • In June 2023, Abacus Sports Installations, Rubber Flooring Systems in Kemah, and Spec Athletic merged to form The Icon Group, a construction company that specializes in athletic flooring and lockers, as well as surfaces for equestrian and animal purposes.

Floor Covering Market Summary

Study Period

2024– 2030

Base Year

2023

CAGR

8.8%

Largest Market

North America

Fastest Growing Market

Asia pacific

Floor Covering Market Dynamics

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.

Floor Covering Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024– 2030

Market Size in 2023

US$ 330.2 billion

Market CAGR

8.8%

By Product

  • Wood Flooring
  • Laminate Flooring
  • Stone Flooring
  • Vinyl Flooring
  • Ceramic Tiles Flooring
  • Others

By End User

  • Commercial
  • Residential

By Region

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The floor covering market report provides granular level information about the Market size, regional Market share, historic Market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key Market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the Market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the Market.
  • The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.

 

Download Free Sample Report

Frequently Asked Questions

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

  • Armstrong Flooring
  • Gerflor Group
  • Mannington Mills Inc
  • Tarkett Group
  • Dixie Group Inc
  • Shaw Industries Group Inc
  • Mohawk Industries
  • Forbo Holdings
  • TOLI Corporation
  • Milliken & Company

Related Industry Reports