Flooring and Carpet Market was valued at USD 400 Billion in 2022 and is projected to reach USD 600 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
As we look ahead from 2023 to 2033, the outlook for the flooring and carpet market remains positive, with expectations for continued growth. The residential market is expected to dominate due to a surge in housing and renovation projects, especially in emerging markets. Sustainability remains a significant focus, with manufacturers exploring further eco-friendly materials like cork and plant-based fibers. Consumers are increasingly choosing products that are not only durable but also low in environmental impact. Additionally, digitalization and automation will further enhance production processes, reducing costs and improving the quality of flooring products.
The demand for smart flooring solutions will also rise, with innovations such as heated floors, sensors that monitor air quality, and integrated systems to manage home lighting and climate control. The commercial sector will continue to evolve, with a growing demand for innovative, high-durability flooring for offices, healthcare centers, and retail spaces.
The flooring and carpet market will likely see significant regional shifts, with Asia Pacific leading in growth due to rapid urbanization and growing disposable income. Moreover, developing regions in Africa and South America will experience increased demand as the construction and real estate industries continue to expand. With innovations in sustainable practices and smart technology integration, the flooring and carpet market will face a new era of opportunity and transformation.
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The flooring and carpet market has undergone significant changes between 2018 and 2022, driven by evolving consumer preferences, advancements in materials, and a strong push toward sustainability. The global market during this period saw increasing demand for eco-friendly materials, like bamboo and recycled fibers, as well as innovation in manufacturing technologies, including smart flooring systems. The trend of home improvement, particularly in the wake of the COVID-19 pandemic, boosted residential flooring sales. Additionally, the growing demand for luxury vinyl tiles (LVT) and carpets with advanced stain resistance became prominent.
From 2018 to 2022, global flooring and carpet markets flourished, with the commercial sector showing strong growth due to commercial infrastructure development. North America and Europe were particularly strong markets, driven by a growing desire for high-performance products in both residential and commercial properties. With increased demand from construction activities and the rise in home renovation projects, the flooring market grew steadily. LVT became a favorite due to its cost-effectiveness, ease of maintenance, and aesthetic appeal.
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Mac Carpet
Beaulieu
Tarkett
Balta
Al Sorayai
Mohawk
Oriental Weavers
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Flooring and Carpet Market
Residential
Commercial offices
Retail
Hospitality
Healthcare and Hospitals
Education Institutes
Automotive
Industrial
Others
Based on Types the Market is categorized into Below types that held the largest Flooring and Carpet market share In 2023.
Carpets
Tufting
Woven
Rugs
Artificial Grass
Carpet Tiles
Vinyl Flooring
Laminate Parquet Flooring
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Flooring and Carpet Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Flooring and Carpet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Flooring and Carpet Market, By Type
6. Global Flooring and Carpet Market, By Application
7. Global Flooring and Carpet Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Flooring and Carpet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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