The global flooring market size was estimated at USD 257.92 billion in 2021 and is expected to register a growth of 5.6% during the forecast period. The market is expected to be driven by increasing spending on infrastructural developments and the growing population around the world.
The fast-paced infrastructural development owing to the rising population in developing countries further contributes to the growth of the flooring industry. Moreover, the growing disposable income has resulted in increased investments for comfort in residential buildings is also propelling the growth of the flooring industry.
The advancement to easy-to-install techniques, the availability of innovative construction solutions, and rising demand for environmentally sustainable products are expected to drive the industry growth. The presence of a strict regulatory framework on production, usage, implementation, and recycling is also expected to boost the flooring market growth.
Furthermore, consumer preferences for aesthetically improved designs, textures, and colors, as well as low-maintenance and easy-to-install floorings, are expected to drive market growth. The growing desire for comfort and privacy as a result of noisier surroundings has increased the demand for insulation in the flooring market, as a well-insulated floor creates a better sound environment. As a result, demand for floor insulation has increased, supporting market growth.
Vitrified (Porcelain) tiles led the market and accounted for 27.6% of revenue share in 2021. This is owing to its properties as porcelain tiles are stronger and more durable as compared to general ceramic tiles as they are fired at extreme temperatures and are made from ultrafine and denser clays.
Moreover, porcelain tiles are made from fine, denser clay, and fired at extreme temperatures, which makes them more durable. Features such as mold and bacteria resistance offered by impervious porcelain tiles lead to long-term value in floor covering. In addition, this flooring product does not fade and is easy to maintain.
The ceramic tiles segment accounted for 22.4% of the total revenue share in 2021. Ceramic tiles are primarily of three types, namely glazed tiles, unglazed tiles, and scratch-resistant tiles. Scratch-resistant tiles are primarily utilized for high footfall areas, such as landscapes, pathways, parking, and shop floors, to cater to highly stressed usage conditions.
The wood & laminate segment was estimated at USD 50,213.2 Million in 2021 and is further estimated to grow with a substantial CAGR in the coming years. This growth is attributed to rising significance of wood in luxury construction in residential as well as commercial areas. It offers numerous advantages including strength, durability, easy maintenance, aesthetics, the high monetary value of the house, steady appearance, the option of refinishing, improved acoustics, and improved air quality.
The natural stone is a little expensive as compared to other flooring products. These products include marble, granite, limestone, sandstone, quartzite, and others. Natural stone flooring is widely used for durability, beauty, and lasting value. These stones are excellent for bathrooms, hallways, living, and outdoor areas. Owing to the surge in demand for natural stone products, companies are investing to strengthen their position in the market.
The residential application segment dominated the market and accounted for 49.2% of the revenue share in 2021 in the flooring market. Residential end-use segment includes residential buildings, apartments, complexes, and small houses. Subsidies from governments for first-time homebuyers in developing and developed economies have positively affected the growth of the residential sector.
The developing countries in the Asia Pacific region have announced various schemes to support the development of the real estate sector. These schemes are partially or fully funded by governments in these countries, which ultimately benefit the demand side of the construction sector. This is likely to propel the growth of the flooring market over the coming years.
The commercial application segment accounted for 43.1% of the revenue share in 2021. Commercial applications are subject to high traffic areas, and therefore require durable flooring such as resilient and wooden. Flooring products are used in numerous commercial building applications including offices, convenience stores, shopping malls, and the construction of other retail stores.
Increasing construction of commercial buildings, such as drugstores, grocery, and big-box stores, over the past few years, is expected to benefit the segment growth over the coming years. Moreover, robust demand for office spaces, especially in urban areas of emerging economies, is also propelling demand for high-quality flooring products.
The non-resilient flooring type dominated the market and accounted for 61.4% of the total revenue share in 2021. The growth is accounted to the growing commercial and residential construction activities in developing countries, owing to the growing population and industrial activities. The segment is expected to further lead the market during the forecast period due to their high water resistance and long term durability.
The resilient type flooring accounted for 15.4% of the total market in 2021, owing to its growing applications in commercial buildings including offices, gyms, fitness centers, and hospitality buildings. These floorings are durable and cost-effective and require low maintenance costs. Additionally, resilient floorings are dense, non-absorbent in nature, and comfortable to walk on.
Resilient flooring includes vinyl sheet flooring, vinyl composition tile, planks, luxury vinyl tiles, linoleum, rubber, cork, and several other types of synthetic floorings, which are available in roll and tile forms. Moreover, the color and texture customization offered by the manufacturers is further expected to contribute to the growth of the market.
The Asia Pacific region dominated the market and accounted for 44.96% of the total share in 2021. The regional market is expected to expand at a CAGR of 6.3% during the forecast period. Factors such as increasing investment in affordable housing, smart city construction, upgradation and construction of infrastructure, and investment in the tourism sector are expected to boost the demand for flooring products in the forecast period.
Construction industry in Asia Pacific is expected to grow on account of the rising per capita income, rapid urbanization, and expanding population. The expansion of residential, commercial, and industrial sectors on account of sustainable economic growth in the region is expected to boost construction activities, thereby, driving the market for flooring in the forecast period.
The Central & South American flooring market is anticipated to witness sluggish growth compared to other regions worldwide over the coming years. The construction spending in the region witnessed a steep decline in 2020 owing to the pandemic. Although the spending surged in 2021, its pace is anticipated to decelerate in 2022.
The flooring industry in Middle East and Africa was accounted for 11.43% in 2021. Improved funding by the Middle East and African governments, owing to the availability of financing options such as public-private partnerships, domestic capital markets, and private investment funds, is expected to boost the growth of the construction industry, thereby, driving the flooring industry in the region.
The flooring market is characterized by the presence of a large number of players around the world. The industry players are focused on diversifying their portfolios and expanding their global presence to tackle the competition. Additionally, the increasing importance of aesthetics in commercial, as well as residential buildings, has intensified the competition amongst the players. Manufacturers are heavily invested in developing sustainable flooring materials to gain a competitive edge over the competitors. Some prominent players in the flooring market include:
Mohawk Industries, Inc.
Burke Flooring Products, Inc.
Shaw Industries, Inc.
Mannington Mills, Inc.
Atlas Concorde S.P.A.
Kajaria Ceramics Limited
Market size value in 2022
USD 266,477.9 million
Revenue forecast in 2030
USD 398,266.3 million
CAGR of 5.6% from 2022 to 2030
Base year for estimation
Actual estimates/Historical data
2017 - 2020
2022 - 2030
Volume in million square meters, revenue in USD million, and CAGR from 2021 to 2030
Revenue forecast, growth factors, and trends
Product, application, type, region
North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa
U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Romania, Czech Republic, Portugal, Ukraine, Slovakia, Hungary, China, India, Japan, Indonesia, South Korea, Australia, Philippines, Vietnam, Saudi Arabia, UAE, Israel, Qatar, South Africa, Morocco, Brazil, Argentina, Peru, Colombia, Chile.
Key companies profiled
Mohawk Industries, Inc., Tarkett, S.A., AFI Licensing, Burke Flooring Products, Inc., Firbo Flooring, Shaw Industries, Inc., Interface, Inc., Gerflor, Mannington Mills, Inc., Polyflor, RAK Creamics, Crossville Inc., Atlas Concorde S.P.A., Porcelanosa Group, Kajaria Ceramics Limited
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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 2021 to 2025. For this study, Grand View Research has segmented the flooring market based on product, application, type, and region:
Product Outlook (Volume, Million Square Meters; Revenue, USD Million; 2021 - 2030)
Vitrified (Porcelain) Tiles
Luxury Vinyl Tiles (LVT)
Wood & Laminate
Other Flooring Materials
Application Outlook (Volume, Million Square Meters; Revenue, USD Million; 2021 - 2030)
Type Outlook (Volume, Million Square Meters; Revenue, USD Million; 2021 - 2030)
Regional Outlook (Volume, Million Square Meters; Revenue, USD Million; 2021 - 2030)
Middle East & Africa
Central & South America
b. The global flooring market size was estimated at USD 2,57,924.4 million in 2021 and is expected to reach USD 2,66,477.9 million in 2022.
b. The flooring market is expected to grow at a compound annual growth rate of 5.6% from 2021 to 2030 to reach USD 3,98,266 million by 2030.
b. Residential construction dominated the flooring market with a share of 49.2% in 2021. This is attributed to the growing population and increased spending in residential structure enhancements.
b. Some of the key players operating in the flooring market include Mohawk Industries, Inc., Tarkett, S.A., AFI Licensing, Burke Flooring Products, Inc., Firbo Flooring, Shaw Industries, Inc., Interface, Inc., Gerflor, Mannington Mills, Inc., Polyflor, RAK Creamics, Crossville Inc., Atlas Concorde S.P.A., Porcelanosa Group, and Kajaria Ceramics Limited.
b. The key factors that are driving the flooring market include rapidly rising construction activities in developing countries around the globe. In addition, investments in several developing countries such as India, Brazil, and South Korea towards the development of the non-residential construction industry, is expected to drive the market growth over the forecast period.
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The global construction industry once booming due to the residential and commercial construction in China and the U.S., has been affected by the suspension of the construction activities across the impacted economies. The construction industry in the U.S. is expected to take a major hit due to labor shortages and the lockdown imposed by the government during COVID-19, which is expected to be aggravated by the resulting supply chain issues and financing pressures due to the non-adherence to the completion times. The report will account for COVID-19 as a key market contributor.