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According to Fortune Business Insights, The global flooring market is projected to grow from USD 439.27 billion in 2025 to USD 646.70 billion by 2032, reflecting a CAGR of 5.7%. The market was valued at USD 416.56 billion in 2024, with the Asia-Pacific region leading global share at 52.39% that year. The U.S. flooring market is also expected to expand notably, reaching an estimated USD 39.25 billion by 2032.
Bullet summary:
Bullet summary:
2024 market value: USD 416.56 billion.
Forecast: USD 439.27 billion in 2025 → USD 646.70 billion by 2032.
CAGR (2025–2032): 5.7%.
2024 regional leader: Asia-Pacific (52.39% market share).
U.S. market projection: ~USD 39.25 billion by 2032.
Flooring is a material that is applied to a subfloor structure to arrange a walking surface. The flooring products utilized are vinyl tiles, ceramic, carpets, and laminates, delivering a clean, smooth, attractive, and hard surface to the floor. The surging new construction facilities propel market growth.
Fortune Business Insights™ mentions this in a report titled, “Flooring Market, 2025-2032.”
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Flooring describes finishing materials installed over a structural subfloor to create a durable, walkable surface. These products are engineered to resist dents, scratches and moisture and to be easy to clean and maintain. Common types include ceramic tile, carpet, vinyl tile and laminate, all of which deliver a smooth, hard, hygienic and attractive finish. Because of these advantages, flooring is widely specified for both renovation projects and new residential and non-residential construction. Growing new-build activity and rising demand for housing, healthcare facilities and commercial spaces are primary drivers of market growth.
Segments
Segments
Growing Need for Easy-to-Install Floor Coverings to Drive Non-Resilient Segment Growth
Growing Need for Easy-to-Install Floor Coverings to Drive Non-Resilient Segment Growth
Based on type, the market is segmented into non-resilient, resilient, and carpets & rugs. The non-resilient segment held the largest flooring market share in 2023. The segment’s growth is attributed to the surging demand for easy-to-install floor coverings.
Increasing Disposable Income of People to Drive Residential Segment Growth
Increasing Disposable Income of People to Drive Residential Segment Growth
By end-use, the market is segmented into residential, commercial, and industrial. The residential segment is dominating the market. The growth is attributed to the growing population and the growing disposable income of consumers globally.
Geographically, the market is studied across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
List of Key Players Present in the Report:
List of Key Players Present in the Report:
Mohawk Industries, Inc. (U.S.)
Shaw Industries Group, Inc. (U.S.)
TARKETT S.A. (France)
Armstrong Flooring, Inc. (U.S.)
Forbo Flooring Systems (Netherlands)
Gerflor (France)
Interface, Inc. (U.S.)
Beaulieu International Group (Belgium)
Toli Corporation (Japan)
Milliken & Company (U.S.)
Congoleum (U.S.)
Flowcrete (U.K.)
James Halstead (U.K.)
Report Coverage
Report Coverage
The report offers:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into regional developments.
List of major industry players.
Key strategies adopted by the market players.
The latest industry developments include product launches, partnerships, mergers, and acquisitions.
Drivers & Restraints
Drivers & Restraints
Augmenting Global Population to Drive Market Expansion
Augmenting Global Population to Drive Market Expansion
The surging population globally, further generating significant demand for the housing facilities drive the flooring market growth. The increasing focus of many manufacturers on delivering suitable aesthetic surface solutions and maintaining the house's interior, fulfilling the specifications related to impact resistance, durability, and strength to propel the market growth.
However, the reduced availability and price volatility of the petroleum-based raw materials used to produce products, including vinyl surfaces for floors, may impede market expansion.
Regional Insights
Regional Insights
Increasing Planned Investments to Drive Market Expansion in Asia Pacific
Increasing Planned Investments to Drive Market Expansion in Asia Pacific
Asia Pacific holds the largest market share and accounted for USD 205.76 billion in annual revenue during 2023. The region’s growth is driven by rapid industrialization, rising planned investments, and structure policies for construction activities in Asia Pacific nations, such as India, China, and others.
Europe is witnessing significant growth in the market. The growth is attributed to the increasing consumer preference and expenditure toward luxurious living spaces in the region.
Competitive Landscape
Competitive Landscape
Growing Focus of Major Market Players on Acquisitions to Drive Market Growth
Growing Focus of Major Market Players on Acquisitions to Drive Market Growth
The flooring market consists of many key players globally. The increasing adoption of acquisitions, new product development, and joint ventures to expand their product portfolio and regional presence drives market growth.
Key Industry Development
Key Industry Development
May 2023 – Shaw Industries announced the installation of innovative solar technology at its carpet tile manufacturing facility. This move shows the company's commitment to sustainability and reducing its carbon footprint. By utilizing renewable energy sources, Shaw Industries is taking a proactive step toward protecting the environment and ensuring a cleaner future for future generations.
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