Flooring Market

Flooring Market Overview

The global Flooring Market size was valued at USD 357.34 billion in 2024 and is predicted to reach USD 530.11 billion by 2032, with a CAGR of 6.8% from 2025-2030.

The factors such as increase of global urbanization, the need for sustainability, demand for technological advancements is driving the market growth. The high cost linked to premium flooring options such as hardwood and natural stone hinders the market's expansion. 

Moreover, the top players such as Shaw Industries, Mohawk Group, Mannington Mills Inc are taking various initiatives such as investing in sustainable manufacturing practices, expanding their product portfolios, adopting advanced technologies such as digital printing and automation and strengthening their distribution networks to enhance market reach. The rising flooring market demand for luxury vinyl tiles (LVT) and modular flooring offers a substantial future opportunity within the market. These flooring solutions provides simple installation and customization choices, that match contemporary design trends and consumer preferences.

Urbanization and Infrastructure Development Driving the Market Growth

The increase in global urbanization generates a need for flooring options that enhance both aesthetics and utility in residential and commercial spaces, fostering market expansion. The World Bank indicates that in 2023, 56% of the worldwide population, approximately 4. 4 billion individuals resided in metropolitan regions. This trend is anticipated to persist, as urban populations are predicted to double by 2050. With urban development, the demand for homes, infrastructure, and vital services creates additional growth in the flooring sector. 

Sustainability and Innovation Driving Eco-Friendly Flooring Solutions

The increase in need for sustainability is contributing the requirement for eco-friendly flooring options, promoting the use of recyclable resources and sustainable methods and simulating innovation in the flooring sector.  For instance, in January 2024, ITOCHU Corporation and CIPS Advance Inc. partnered with Tarkett Lilycolor Co., Ltd., a leading European construction material manufacturer, to launch a recycling business for flooring materials and introduces DESSO, an eco-friendly flooring solution, showcasing the commitment to innovation and sustainability in the construction sector.

Technological Advancements Driving Innovation in Flooring Solutions

Technological advancements in flooring solutions globally are significantly driving the flooring market by enabling the development of innovative, high performing materials that meet the changing demands of modern concerns. For example, in March 2024, Amtico updated its click smart luxury vinyl tile collection with five new wood designs, two stone options, and a parquet style, inspired by Scandinavian trends. These innovations continue to accelerate the growth of the flooring industry worldwide.

High Cost Hinders the Market Growth 

The high cost linked to premium flooring options such as hardwood and natural stone hinders the market's expansion. These materials demand a significant investment for both purchasing and setup, rendering them less attainable for budget-conscious consumers and restricting their use in residential and commercial endeavors. 

Rising Demand for Luxury Vinyl Tiles and Modular Flooring

The rising demand for luxury vinyl tiles (LVT) and modular flooring offers a substantial future opportunity within the market. These flooring solutions provides simple installation and customization choices, that match contemporary design trends and consumer preferences.

Market Segmentation and Scope of The Study

The Flooring market report is divided on the basis of type, form, component, end-user, and region. On the basis of type, the market is divided into non-resilient, resilient and soft floor. Non-Resilient is further sub divided into ceramic tile, concrete granite tile, limestone tile, and others. Resilient is further sub divided into vinyl composition tile (VCT), luxury vinyl tile (LVT), vinyl asbestos tile (VAT), asphalt asbestos tile and Others. on the basis of form, the market is divided into rubber, linoleum, cork. 

On the basis of components, the market is divided into carpets and rugs. On the basis of end-user, the market is divided into residential, commercial and industrial. Regional breakdown and analysis of each of the aforesaid segments includes regions comprising of North America, Europe, Asia-Pacific, and RoW. 

Geographical Analysis

Asia-Pacific holds both the dominating and fastest growing in the flooring market share. The rapid increase of urbanization and infrastructure development in developing economies such as China, India and Southeast Asian nations are driving significant growth in the flooring industry. Expanding residential and commercial construction projects, driven by government-backed initiatives, are boosting demand for advanced flooring solutions.

The Our World Data states that, the percentage of individuals residing in urban agglomerations with populations over 1 million in China rose from 24% in 2012 to 31% in 2022, indicating a 29.2% increase over the ten years. The rise in urbanization and the growing importance of large urban centers is driving the demand for advanced flooring solutions across the region.

Moreover, the rise in development of real estate industry ensures demand for durable, high-quality, and attractive flooring materials for residential and commercial spaces accelerates the flooring market growth driven by renovation and updating works of older buildings.

According to the Ministry of Commerce and Industry, the real estate industry in India is projected to witness a CAGR of 9.2% between 2023 and 2028, with growth in August 2024. This expansion is increasing the need for varied and exquisite flooring options, reinforcing the area's dominant status in the worldwide flooring sector. 

Competitive Landscape

Various key players in the flooring industry includes Mohawk Industries, Mannington Mills Inc., Tarkett, Shaw Industries, Forbo Holding, Armstrong Flooring, Kajaria Ceramics Ltd, Pergo, Gerflor Group, Interface, Inc., Flooret, RAK Ceramics, NITCO, Orient Bell and Asian Granito India Ltd others. These companies are opting strategies including collaboration and product launches to maintain their dominance in the market.

For instance, in October 2024, Shaw Industries collaborated with PPG to offer the flooring line of resinous flooring product. The partnership aims to enhance their product offerings, providing durable and versatile flooring solutions for various applications. 

In addition, in November 2023, Mohawk Group introduced the Wild Dyer Collection, a fresh series of modular carpet tiles influenced by the organic patterns and hues of mushrooms. Created for the environmentally aware flooring sector, the collection includes sustainable materials, zero-water dyeing methods, and certifications that emphasize its ecological and social significance. 

Moreover, in May 2023, Mannington Mills Inc. launched the crafted collection, a modular carpet tiles intended for busy commercial areas. The assortment includes sturdy, stain-repellent tiles crafted from type 6 nylon, providing improved environmental sustainability through carbon offset initiatives and certifications that is ideal for locations such as office spaces and hotel lobbies, it merges practicality with contemporary style. 

Key Benefits

• The report provides quantitative analysis and estimations of the flooring market from 2025 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the current and future trends flooring market trends to depict prevalent investment pockets in the industry.

• Information related to key drivers, restraints, and opportunities and their impact on the flooring market is provided in the report.

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Flooring Market Key Segments

By Type 

• Non-Resilient 

  • Ceramic Tile

  • Concrete

  • Granite Tile

  • Limestone Tile

  • Others

• Resilient 

  • Vinyl Composition Tile (VCT)

  • Luxury Vinyl Tile (LVT)

  • Vinyl Asbestos Tile (VAT)

  • Asphalt Asbestos Tile

  • Others

• Soft Floor 

By Form 

• Rubber 

• Linoleum

• Cork

By Component 

• Carpets 

• Rugs 

By End User

• Residential

• Commercial

• Industrial

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden

  • Norway        

  • Russia        

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia-Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

Key Players

• Mohawk Industries

• Mannington Mills Inc.

• Tarkett

• Shaw Industries

• Forbo Holding

• Armstrong Flooring

• Kajaria Ceramics Ltd

• Pergo

• Gerflor Group

• Interface, Inc.

• Flooret

• RAK Ceramics

• NITCO

• Orient Bell 

• Asian Granito India Ltd.

REPORT SCOPE AND SEGMENTATION:

Parameters	Details
Market Size in 2024	USD 357.34 Billion
Revenue Forecast in 2030	USD 530.11 Billion
Growth Rate	CAGR of 6.8% from 2025 to 2030
Analysis Period	2024–2030
Base Year Considered	2024
Forecast Period	2025–2030
Market Size Estimation	Billion (USD)
Growth Factors	The rise in urbanization drives the growth of the flooring market. Technological advancements in flooring solutions drives the market expansion. The increase in need for sustainability accelerates the growth of the market.
Countries Covered	28
Companies Profiled	15
Market Share	Available for 10 companies
Customization Scope	Free customization (equivalent to up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.