Indoor Flooring Market Expected to Reach $226.3 Billion & Growing at a CAGR of 5.4% from 2022 to 2031
market is set for steady growth, fueled by rising urbanization, government investments, and technological advancements in flooring materials
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WASHINGTON, DE, UNITED STATES, February 5, 2025 /EINPresswire.com/ -- 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭— AMR
𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧
The 𝐢𝐧𝐝𝐨𝐨𝐫 𝐟𝐥𝐨𝐨𝐫𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 has experienced substantial growth over the past decade, driven by increased government investments in renovation projects and the rise of new residential and commercial constructions. Additionally, key market players are launching innovative indoor flooring materials, further propelling market expansion.
According to a report by Allied Market Research titled "Indoor Flooring Market," the market was valued at $133.3 billion in 2021 and is projected to reach $226.3 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.4% from 2022 to 2031.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞@
𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬
𝐑𝐢𝐬𝐞 𝐢𝐧 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐅𝐥𝐨𝐨𝐫𝐢𝐧𝐠 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥𝐬
Flooring materials serve as a permanent covering laid over a floor structure. Common materials include vinyl sheets and tiles, carpets and rugs, laminates, natural stone, wood, ceramic tiles, and rubber. The market is witnessing substantial growth due to the increasing demand for these materials in residential construction. The shift towards hard flooring solutions, which offer advantages such as durability, ease of maintenance, and aesthetic appeal, is further driving the market.
𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐑𝐞𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧
Governments worldwide are heavily investing in improving infrastructure and living standards. For instance, in June 2020, the Government of Canada launched a $30 million rebate scheme to assist with construction and remodeling projects, encouraging home and commercial renovations. These investments are expected to provide lucrative growth opportunities for the indoor flooring market in the coming years.
𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐚𝐧𝐝 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐒𝐞𝐜𝐭𝐨𝐫𝐬
The increasing number of new residential and commercial projects is a significant driver of market growth. With urbanization accelerating in developing economies, demand for high-quality indoor flooring materials is surging. Key flooring manufacturers are responding to this demand by introducing advanced materials with enhanced durability, sustainability, and aesthetics.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
Asia-Pacific Leading the Market
Asia-Pacific dominated the global market in 2021, accounting for 47.1% of global market share. The region is expected to maintain its leadership and register the highest CAGR during the forecast period. Factors contributing to this dominance include:
𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐨𝐟 𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭𝐢𝐚𝐥 𝐚𝐧𝐝 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐬𝐞𝐜𝐭𝐨𝐫𝐬.
Rising research and development (R&D) investments in flooring materials.
Growing government expenditures on new construction and renovation projects.
Countries like China, India, and Japan are at the forefront of infrastructure development, boosting demand for advanced flooring materials.
𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠@
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧
The indoor flooring market is segmented based on material type, construction type, and region.
𝐁𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥 𝐓𝐲𝐩𝐞:
Ceramic Tiles (the largest revenue-generating segment in 2021, expected to grow significantly during the forecast period)
Vinyl Sheets & Tiles
Carpets & Rugs
Wood Flooring
Natural Stone Flooring
Laminate Flooring
Rubber Flooring
𝐁𝐲 𝐂𝐨𝐧𝐬𝐭𝐫𝐮𝐜𝐭𝐢𝐨𝐧 𝐓𝐲𝐩𝐞:
New Construction (accounted for the highest revenue in 2021)
Renovation & Remodeling
𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:
North America
Europe
Asia-Pacific (expected to register the highest growth rate)
LAMEA (Latin America, Middle East, and Africa)
𝐔𝐩𝐝𝐚𝐭𝐞 𝐎𝐧 𝐃𝐞𝐦𝐚𝐧𝐝@
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
Key players in the global indoor flooring market are continually innovating and expanding their product portfolios to stay competitive. Some major companies profiled in this market report include:
Mohawk Industries Inc.
Tarkett
Shaw Industries Group, Inc.
Forbo Flooring Systems
Mannington Mills Inc.
Beaulieu International Group
Gerflor
Armstrong Flooring, Inc.
These companies focus on product innovation, strategic partnerships, and geographical expansion to strengthen their market presence.
For example, several manufacturers are introducing eco-friendly flooring materials that align with sustainability goals. The increasing preference for recyclable materials and energy-efficient manufacturing is shaping the future of the flooring industry.
𝐅𝐮𝐭𝐮𝐫𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬
Technological Advancements in Flooring Materials
Manufacturers are investing in advanced flooring technologies, including smart flooring solutions with enhanced durability and antimicrobial properties. These innovations cater to both residential and commercial applications, ensuring long-term market growth.
Shift Towards Sustainable Flooring Solutions
The adoption of sustainable and biodegradable flooring materials is expected to rise significantly. Governments and consumers alike are prioritizing environmentally friendly construction materials, providing growth opportunities for manufacturers offering sustainable solutions.
Growing Popularity of Luxury Flooring Solutions
The increasing demand for luxury vinyl tiles (LVT), engineered wood, and premium ceramic tiles is creating new growth avenues. These materials offer superior aesthetics, longevity, and easy maintenance, making them attractive choices for modern home and office interiors.
𝐊𝐞𝐲 𝐅𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭
Ceramic Tiles dominated the global indoor flooring market in terms of revenue in 2021 and are expected to maintain growth momentum.
New Construction was the highest revenue-generating segment in 2021.
Asia-Pacific is projected to register the highest growth rate due to expanding residential and commercial infrastructure.
The market is expected to benefit from government incentives, urbanization, and shifting consumer preferences towards durable and aesthetic flooring materials.
David Correa
Allied Market Research
+ 1 800-792-5285
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