Commercial Flooring Market Analysis By Product (Soft Coverings, Resilient, Non-resilient, Seamless, Wood & Laminates), By Application, By Region, And Segment Forecasts, 2018 - 2025

Industry Insights

The global commercial flooring market size for was valued at USD 27.06 billion in 2016. Product innovation and hassle-free installation technologies in the floor covering sector are expected to expand the industry size over the next eight years.

Rising demand in construction industry coupled with changing consumer lifestyles and growing demand for insulation are expected to remain the key market drivers. The increasing availability of innovative building solutions that are durable and require low maintenance is projected to impact the industry.

Germany commercial flooring market, by product, 2014 - 2025 (USD Million)

Increasing government spending on infrastructure development on non-residential structures is expected to play a vital role in augmenting demand for flooring. Moreover, the emergence of India, Taiwan, and Mexico as the upcoming manufacturing hubs will not only result in the establishment of factories but also, to a significant population migrate close to these centers, resulting in the development of new cities or expansion of the existing towns. This factor is expected to play a fundamental role in developing the floorings market over the next few years.

Green buildings offer better cost-effective advantages as compared to conventional buildings. These sustainable structures consume nearly one-third less amount of energy, reduce the overall loads induced on metal structures, and are capable of improving the indoor air quality standards. Furthermore, they incorporate the use of building materials that tend to have a minimalistic harmful impact on the environmental surroundings.

Polymers used for manufacturing flooring include wood, engineered wood, cork, natural materials, polymers, and adhesives. These materials can be utilized as both top layers as well as backing material. Over the past few years, the industry has witnessed a significant change regarding the application of materials. Also, there is a vastly noticeable difference in the technology used a decade back for applying floor covering compared to the one currently used.

Development of green buildings is likely to serve as one of the primary growth drivers of the commercial flooring materials market. Furthermore, construction of sustainable buildings is expected to provide favorable scope for installation of lightweight and soft floor coverings such as ceramic tiles, wood, and carpets that emit low VOC content, have good thermal insulation and provide acoustic comfort.

Product Insights

Soft Coverings segment was the largest product segment and accounted for 48.9% of the overall share in 2016. They comprise rugs and carpets, and are luxurious in appearance, reduce drought and deliver excellent insulation.

Rising importance of anti-microbial fortified flooring products in the healthcare industry as a result of increasing spending on HVAC clean rooms by hospitals is expected to increase the usage of carpets. Furthermore, increasing spending on new broadloom products for healthcare industry by companies including Mannington is anticipated to have a substantial impact on the market in the near future.

The resilient flooring industry is expected to show substantial growth over the next eight years due to several benefits they offer such as cost effectiveness, easy installation, and low maintenance. Further, these products are extremely durable, pliant and elastic, and include many materials including vinyl, rubber, and linoleum.

The seamless segment in commercial applications was 238.0 million square meters in 2016. These flooring systems are well suited for floors that are prone to spills, and offer numerous benefits including durability, safety, and easy application; they are also easy to clean.

Application Insights

Commercial buildings accounted for the largest share of 35.9% of the total market in 2016. The demand for commercial floorings in this application segment is estimated to rise at a steady CAGR, owing to their utilization in growing construction spending of business centers, offices, and IT parks in developing countries.

Flooring materials are useful in various floor spaces in the public building sector that includes municipal corporations, government offices, and religious places. Public buildings have the most prominent foot traffic. Hence, demand for tough and durable flooring materials in the public buildings sector is expected to increase in the next couple of years.

Commercial Flooring market revenue, by application, 2016 (%)

Healthcare is projected to foresee volume growth at a CAGR of 6.4% from 2017 to 2025. Flooring materials are required in various floor spaces in the healthcare industry that includes corridors, medical hallways, operation theaters, clinics, and diagnostic centers. Resilient and seamless floorings are usually required in this industry to bear heavy foot traffic and rolling loads.

Changzhou Liberty Diseno New Material Co., Ltd., Flowcrete (RPM), and Congoleum Corporation are a few of the major industry players that offer flooring solutions for the education sector. Congoleum Corporation provides resilient flooring materials under DuraStone HPF for installation in schools, childcare facilities, and colleges.

Regional Insights

Asia Pacific accounted for 32.9% of the global market in 2016 and is expected to be the fastest growing regional segment by the end of the forecast period, owing to developing infrastructure facilities and significant gains in real-estate industry of China and India. Furthermore, the region is expected to witness an increased demand for non-residential building spaces, which can be attributed to factors including population growth and rapid urbanization.

North America, as well as Europe, were the most dominant regions that held a significant market for commercial floorings in 2016. The rise in the construction of green buildings in the U.S. is estimated to boost the consumption of lightweight and eco-friendly floor coverings by the end of 2025. Owing to stringent VOC regulations and policies over carpet backing and padding materials in the country, the market share of soft cover floorings is estimated to decline in the near future.

Central & South America is expected to be one of the emerging markets for commercial floorings over the years ahead. Considerable growth of the commercial construction sector, upcoming infrastructure projects, and development of the hospitality industry are some of the key growth drivers that are likely to increase the consumption of building materials including composites, paints & coatings, and floor coverings.

Competitive Insights

Major commercial flooring industry participants include Hanwha, LG Hausys, China National Building Material Co. Ltd., Flowcrete, James Halstead, Nora, Milliken Floor Covering, Novalis, Tajima, Tkflor, NOX Corporation, and Toli flooring. Vendors are constantly developing innovative goods as including display and distribution systems including virtual assistants and online catalogs to help consumers choose the perfect product for the intended applications.

This industry is highly fragmented in nature owing to the presence of numerous manufacturers on a global level. Mohawk Industries, Tarkett, Armstrong Flooring, Inc., and Interface Inc., accounted for prominent shares of the total market in 2015. Notably, the majority of these companies offer a broad range of flooring solutions. Collectively, these companies held 20.2% of the total share in 2016.

Commercial flooring manufacturers aim to intensify their competitive positions by widening their customer base. Furthermore, these manufacturers are focusing on distribution, new product launches, and product expansion to gauge existing as well as future demand patterns from emerging application sectors. The existing and emerging application scenario is anticipated to offer favorable opportunities for the key players operating in the market.

Companies are also focusing on amplifying their product portfolio by the quality upgrade of existing flooring materials and the introduction of new value-added products as per the end-user requirements. Acquisitions, collaborations, and production expansion are some of the other operating strategies implemented by key industry players.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the commercial flooring market on the basis of product, application, and region:

• Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

  • Soft Coverings

    • Soft covering by application

      • Healthcare

      • Education

      • Leisure & Hospitality

      • Retail

      • Commercial Buildings

      • Public Buildings

  • Resilient

  • Resilient by application

    • Healthcare

    • Education

    • Leisure & Hospitality

    • Retail

    • Commercial Buildings

    • Public Buildings

  • Non-resilient

    • Non-resilient by application

      • Healthcare

      • Education

      • Leisure & Hospitality

      • Retail

      • Commercial Buildings

      • Public Buildings

  • Seamless

    • Seamless by application

      • Healthcare

      • Education

      • Leisure & Hospitality

      • Retail

      • Commercial Buildings

      • Public Buildings

  • Wood & Laminates

    • Wood & laminates by application

      • Healthcare

      • Education

      • Leisure & Hospitality

      • Retail

      • Commercial Buildings

      • Public Buildings

• Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

  • Healthcare

  • Education

  • Leisure & Hospitality

  • Retail

  • Commercial Buildings

  • Public Buildings

• Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2014 - 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • Ireland

    • Belgium

    • Turkey

  • Asia Pacific

    • China

    • India

    • Hong Kong

    • Singapore

    • Japan

  • Central & South America

  • Middle East & Africa (MEA)