Global Flooring Market Outlook

  • The global flooring market is set to grow at a CAGR of 6.5 percent from 2018 to 2026, which is primarily driven by the increase in residential construction in North America and Europe 
  • Increase in construction activities in developed and developing market will lead to increased application of flooring products in the commercial and residential sectors 
  • In 2017, the biggest share of $118 billion in the global flooring market value is attributed to APAC, followed by Europe, North America, LATAM, Middle East and Africa

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Testing Methods in the Flooring market

  • The most widely accepted standards have been set up by the American Society for Testing and Materials (ASTM International) 
  • ASTM standards are internationally followed for all kinds flooring products, along with other testing methods 
  • Various other standards and tests have been established by European Standard Associations, Japan Industrial Standards Committee, ISO, etc

Global Flooring Market: Global Scenario 

  • The flooring market is expected to grow at a healthy rate of 6.5 percent CAGR, and the residential sector in both developed  and developing markets, especially North America and Europe, are the major users of flooring materials

Market Outlook 

  • The global flooring market is expected to grow up to $450 billion by 2026. Increasing demand for innovative flooring solutions in commercial and industrial spaces and urbanization will be the major growth drivers of the flooring industry in the developed and developing economies

  • The global market share of commercial flooring is estimated to grow at a CAGR of 6 percent between 2017 and 2025, with North America showing the highest growth among all other regions. APAC and Europe account for approximately 65 percent of the global flooring market 

  • In 2017, the highest share of $118 billion in the global flooring market value is attributed to APAC, followed by Europe and North America

Global Flooring Market: Key Market Segments

Non-resilient flooring products are expected to dominate the flooring market from 2018 to 2022, with a market share of 74 percent of the total market in 2017. Vinyl & rubber flooring and laminates are picking up in usage, and these materials will face high demand in the near future

Market Outlook 

  • Laminates and wood flooring are expected to grow at a CAGR of 7 percent between 2017 and 2025 
  • Demand for insulation is expected to provide a boost to the flooring industry in the coming years

  • Non-resilient flooring segment accounted for around 74 percent of the total global flooring market in 2017

  • Luxury vinyl tile is replacing vinyl sheets in the commercial sector, owing to its advanced properties and high usability. LVT is expected to grow at CAGR of 6 percent until 2024

  • Vinyl & rubber flooring is expected to pick up in 2017, owing to its high cost efficiency and increased durability 

  • Wood and carpet flooring are the most preferred kinds of flooring for retail store clients

  • Several consumers in developed and developing countries are focusing on waterproof flooring. Therefore, there is an increasing demand for vinyl flooring combined with WPC as an effective solution in the coming years