CATEGORY
Flooring Services
Flooring is the permanent or temporary covering provided on the floor of a structure. Materials such as carpets, laminate, vinyl, tiles, stone, etc. are used as floor covering based on the type of building and region
Beroe LiVE.Ai™
AI-powered self-service platform for all your sourcing decision needs across 1,200+ categories like Flooring Services.
Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.
Schedule a DemoCategory Alerts
Expected increase in demand for flooring insulation services
July 01, 2022Expected increase in demand for flooring insulation services
July 01, 2022Expected increase in demand for flooring insulation services
July 01, 2022Become a Beroe LiVE.Ai™ Subscriber to receive proactive alerts on Flooring Services
Schedule a DemoFlooring Services Market Monitoring Dashboard
Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™
Schedule a DemoFlooring Services Industry Benchmarks
Savings Achieved
(in %)
The average annual savings achieved in Flooring Services category is 8.10%
Payment Terms
(in days)
The industry average payment terms in Flooring Services category for the current quarter is 59.6 days
Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™
Category Strategy and Flexibility
Engagement Model
Supply Assurance
Sourcing Process
Supplier Type
Pricing Model
Contract Length
SLAs/KPIs
Lead Time
Supplier Diversity
Targeted Savings
Risk Mitigation
Financial Risk
Sanctions
AMEs
Geopolitical Risk
Cost Optimization
Price per Unit Competitiveness
Specification Leanness
Minimum Order Quality
Payment Terms
Inventory Control
The World’s first Digital Market Analyst
Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions
Abi is now supercharged with GPT4 AI engine. Enjoy the ease of ChatGPT, now on Abi
Flooring Services Suppliers

Find the right-fit flooring services supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.
Schedule a Demo


Use the Flooring Services market, supplier and price information for category strategy creation and Quaterly Business Reviews (QRBs)
Schedule a DemoFlooring Services market report transcript
Global Flooring Services Market Outlook
Market Overview (2022E)
Global Market Size: $331 billion
-
The global flooring market is set to grow at a CAGR of 6.3 percent from 2022 to 2028, due to gains in to gains in the global construction and housing markets.
-
The non-resilient segment is expected to grow at a CAGR of 5.3 percent from 2022 to 2026, owing to increased usage in the industrial and commercial segments
-
It is estimated that, the biggest share of more than 40 percent in the global flooring market value was attributed to APAC, followed by North America, Europe, LATAM, Middle East, and Africa
Major Trends Observed
-
Sustainability is the focus point in most of the stores today. Hence, various high-end retailers prefer biodegradable products and eco-flooring in their stores
-
Hybrid flooring also known as composite hardwood, that is composed of multiple materials, is an emerging sub-category. The product can standup to the concern revolving around moisture and performance.
-
Big retailers prefer to engage with a preferred supplier globally, owing to economies of scale, standardization, and quantity discounts
Global Flooring Services Market: Global Scenario
-
The global flooring market is estimated to be $331 billion is 2022 and expected to grow at a CAGR of 5-6 percent during the 2022 and 2028. Due to geopolitical tensions across the globe, the market growth rate is expected to be volatile for short term, with growth between 3-5 percent per year, however on longer run the market is expected to grow at a rate of 6.3 percent CAGR by 2028
Market Outlook
-
The global flooring market is expected to grow up to ~$480 billion by 2028. The growth in demand is expected to increase in 2022, owing to the rise in the construction activities and due to the ease in restrictions imposed by governments of various countries
-
Increasing demand for innovative flooring solutions in pharmaceutical, commercial, and industrial spaces and urbanization will be the major growth drivers of the flooring industry in the developed and developing economies in the coming years. The spend on the Home renovation activity have reached the highest rates reported since 2018.
-
APAC and MENA will experience the highest growth and will account for approximately 54 percent of the global flooring market by the end of 2022.
Global Flooring Services Market: Key Market Segments
-
Non-resilient flooring products are expected to dominate the flooring market in the next five years, with a market share of 40 percent. Vinyl & rubber flooring and laminates are picking up in usage, and these materials will face high demand in the coming years.
Market Outlook
-
The global hardwood flooring market is expected to grow at a CAGR of ~5 percent between 2022 and 2027
-
The laminate flooring market is expected to grow at a CAGR of 4.2 percent from 2022 to 2026
-
Demand for insulation is expected to provide a boost to the flooring industry in the coming years
-
The resilient flooring segment is expected to grow at a rate of ~8–9 percent until 2026, owing to the huge demand in APAC
-
The non-resilient segment is expected to grow at a CAGR of 5.3 percent from 2022 to 2026, owing to increased usage in industrial and commercial segments
-
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 a CAGR of 7.4 percent until 2026
-
Carpets and rugs are expected to see a growth of approx. 3–3.5 percent in the coming years, which comprises of nearly 45 percent volumetric share in US
-
Sustainable wooden laminar composite will expand as a market in the near future
Market Overview
According to the flooring industry market research, the global flooring market remains comparatively consolidated with fragmented local and regional markets. The market demand for sustainable flooring will increase the supplier negotiation power in markets, such as U.S., U.K., etc. Flooring market analysis shows that sustainable products, such as bamboo flooring, recycled concrete flooring, etc., are gaining popularity among the buyers. Cost-effective products available in the market are posing a threat to the global players. High penetration of online retail sales has dampened the demand in American, European & Chinese markets. The US and key Asian flooring market are competitive, as several regional wholesale distributors have entered the market. High initial capital investment by new entrants poses a huge barrier to new suppliers.
Why You Should Buy This Report
This flooring industry market research report provides insight into the flooring market trends, size, segmentation, flooring industry outlook and lists out the major drivers and constraints. It gives the Porter’s five force analysis of the major global flooring industry and provides the cost breakup for flooring. The flooring market research report details the supply landscape and gives the SWOT analysis of key suppliers like Armstrong Flooring, Inc., Tarkett, Shaw Industries Group, Inc., etc. This flooring market analysis report lists out the best sourcing practices.
Interesting Reads:
Discover the world of market intelligence and how it can elevate your business strategies.
Learn more about how market intelligence can enable informed decision-making, help identify growth opportunities, manage risks, and shape your business's strategic direction.
Latest: Bombardier CPO on Evolution of Aerospace Procurement Read Interview