The Global Floor Covering Market size accounted for USD 61,365 Million in 2021 and is estimated to reach USD 93,350 Million by 2030.
Rapid industrialization is a leading floor covering market trend that is fueling the demand in the coming years. Our recent floor covering industry analysis suggests that the increased government spending on infrastructural development is likely to create lucrative opportunities for the market. As a result, the worldwide floor covering market forecast that the industry is expected to grow by 5% from 2022 to 2030. Flooring is a permanent covering over the floor structure with a finish material to provide a walking structure. Floor covering is a more specific term than finish floor because the flooring tends to cover additional structural layer of flooring.
Floor Covering Market Dynamics
Floor Covering Market Growth Drivers:
- Growing construction activities across the world
- Growing population and rapid urbanization
- Surging preference for interior decoration
Floor Covering Market Restraints:
- Volatility in raw material prices
- Growing health and environmental concerns
Floor Covering Market Opportunities:
- Lucrative growth prospects from emerging countries
- Technological advancement in floor cover installation
Report Coverage
| Market |
Floor Covering Market |
| Market Size 2021 |
USD 61,365 Million |
| Market Forecast 2030 |
USD 93,350 Million |
| CAGR During 2022 - 2030 |
5% |
| Analysis Period |
2018 - 2030 |
| Base Year |
2021 |
| Forecast Data |
2022 - 2030 |
| Segments Covered |
By Product, By Distribution Channel, By End-User, And By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Armstrong Flooring, Dixie Group, Inc., Forbo Holding, Gerflor Group, Home Depot Inc., Interface, Inc., Mannington Mills Inc., Mohawk Industries, Inc., Shaw Industries Group, Inc., and TOLI Corporation. |
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis |
| Customization Scope |
10 hrs of free customization and expert consultation
|
The increasing number of residential and commercial projects around the world is primarily driving the floor covering market growth. Rising urban and rural residential and commercial construction is expected to drive the sale of floor covering products. The construction industry is rapidly expanding. Construction spending is likely to increase the sale of flooring products. Similarly, the expansion of the housing industry is a positive factor supporting the floor covering market value. The growing urban population is driving an increase in commercial construction activity. According to World Bank data, the global urban population is rapidly increasing. The growing urban population is driving the development of new commercial projects such as hospitals, commercial complexes, shopping malls, and lodging facilities.
Additionally, the growth in the number of renovation activities is considered one of the lucrative opportunities for the floor covering market share. The growing emphasis on home decor and consumers' improving lifestyles are also boosting renovation and remodeling activities in the current environment. Consumers' increasing spending on the styling and interiors of their living spaces has led them to invest in home furnishings such as rugs, carpets, and other floor coverings that enhance the aesthetic appeal of interiors.
However, the rising environmental concerns are one of the roadblocks to the growth of the industry. The improper disposal and recycling of waste generated during the manufacturing or after-use of finishing materials are expected to stymie market growth. Improper waste management can have serious environmental consequences such as harmful contagious diseases, drain obstruction, land and water pollution, and biodiversity loss. To some extent, the aforementioned factors may impede market development.
Furthermore, rising demand from emerging countries is expected to be a profitable aspect for the market throughout the forecast period 2022 – 2030. The growing urban population that leads to rapid urbanization and industrialization among emerging countries such as China and India is positively impacting the floor covering industry.
Floor Covering Market Segmentation
The global floor covering market segmentation is based on product, distribution channel, end-user, and region.
Floor Covering Market By Product
- Textile Covering
- Tiles
- Wood and Laminate
- Vinyl and Rubber
In terms of products, textile covering held a sizable market share in 2021. However, the vinyl and rubber flooring segment is expected to grow significantly in the coming years. Vinyl flooring, also recognized as resilient flooring, is made up of natural and synthetic polymeric material that is arranged in repeating structural units. Vinyl flooring is inexpensive and has many advantages, including flexible handling, sturdiness, and design options, making it suitable for use in offices, healthcare facilities, schools, and homes.
Floor Covering Market By Distribution Channel
- Flagship Stores
- Home Centers
- Online Stores
- Specialty Stores
- Other Distribution Channels
In 2021, home centers surpassed all other distribution channels in terms of floor covering market share. The segment's high share is attributed to home centers, which are specifically dedicated to selling home products and providing a variety of options. Meanwhile, online stores have gained significant traction in recent years as a result of consumers' shifting preference to purchase online. In addition to that, the arrival of the COVID-19 pandemic boosted the online sales of maximum home decorative products.
Floor Covering Market By End-User
The residential segment is anticipated to hold a significant market share owing to the growth in the construction of residential buildings. Rising home renovation and remodeling activities are expected to have an impact on market growth through 2027. Numerous renovation and home improvement activities, combined with shifting consumer preferences, have resulted in a significant increase in product demand for decoration and flooring applications.
Floor Covering Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Latin America
- Mexico
- Brazil
- Rest of Latin America
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
The Middle East & Africa (MEA)
- Gulf Cooperation Council (GCC)
- South Africa
- Rest of the Middle East & Africa
Asia-Pacific Region Accumulated The Leading Market Share In 2021
According to our floor covering market regional outlook, the Asia-Pacific region gathered maximum market share in 2021 and is expected to continue its trend throughout the projected years. This can be attributed to increased planned investments and organized policies in China, India, and Southeast Asia for construction activities. Furthermore, rapid industrialization would propel the regional market even further. China is the market's leader and is expected to grow at a faster rate. The growing population and the requirement for infrastructure and new buildings are driving market growth in China.
Floor Covering Market Players
Some of the top floor covering companies offered in the professional report include Armstrong Flooring, Dixie Group, Inc., Forbo Holding, Gerflor Group, Home Depot Inc., Interface, Inc., Mannington Mills Inc., Mohawk Industries, Inc., Shaw Industries Group, Inc., and TOLI Corporation.
CHAPTER 1. Industry Overview of Floor Covering Market
1.1. Definition and Scope
1.1.1. Definition of Floor Covering
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Floor Covering Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Floor Covering Market By Product
1.2.3. Floor Covering Market By Distribution Channel
1.2.4. Floor Covering Market By End-User
1.2.5. Floor Covering Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Floor Covering Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Floor Covering Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Cost Structure Analysis
3.9.1. Price Trend of Key Raw Materials
3.9.2. Raw Material Suppliers
3.9.3. Proportion of Manufacturing Cost Structure
3.9.3.1. Raw Material Cost
3.9.3.2. Labor Cost
3.10. Manufacturing Expense
3.11. Competitive Landscape, 2021
3.11.1. Player Positioning Analysis
3.11.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2021
4.2. R&D Status of Major Manufacturers in 2021
CHAPTER 5. Floor Covering Market By Product
5.1. Introduction
5.2. Floor Covering Market Revenue By Product
5.2.1. Floor Covering Market Revenue (USD Million) and Forecast, By Product, 2018-2030
5.2.2. Textile Covering
5.2.2.1. Textile Covering Market Revenue (USD Million) and Growth Rate (%), 2018-2030
5.2.3. Wood and Laminate
5.2.3.1. Wood and Laminate Market Revenue (USD Million) and Growth Rate (%), 2018-2030
5.2.4. Tiles
5.2.4.1. Tiles Market Revenue (USD Million) and Growth Rate (%), 2018-2030
5.2.5. Vinyl and Rubber
5.2.5.1. Vinyl and Rubber Market Revenue (USD Million) and Growth Rate (%), 2018-2030
CHAPTER 6. Floor Covering Market By Distribution Channel
6.1. Introduction
6.2. Floor Covering Market Revenue (USD Million) By Distribution Channel
6.2.1. Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
6.2.2. Home Centers
6.2.2.1. Home Centers Market Revenue (USD Million) and Growth Rate (%), 2018-2030
6.2.3. Flagship Stores
6.2.3.1. Flagship Stores Market Revenue (USD Million) and Growth Rate (%), 2018-2030
6.2.4. Specialty Stores
6.2.4.1. Specialty Stores Market Revenue (USD Million) and Growth Rate (%), 2018-2030
6.2.5. Online Stores
6.2.5.1. Online Stores Market Revenue (USD Million) and Growth Rate (%), 2018-2030
6.2.6. Other Distribution Channels
6.2.6.1. Other Distribution Channels Market Revenue (USD Million) and Growth Rate (%), 2018-2030
CHAPTER 7. Floor Covering Market By End-User
7.1. Introduction
7.2. Floor Covering Market Revenue By End-User
7.2.1. Floor Covering Market Revenue (USD Million) and Forecast, By End-User, 2018-2030
7.2.2. Commercial
7.2.2.1. Commercial Market Revenue (USD Million) and Growth Rate (%), 2018-2030
7.2.3. Residential
7.2.3.1. Residential Market Revenue (USD Million) and Growth Rate (%), 2018-2030
CHAPTER 8. North America Floor Covering Market By Country
8.1. North America Floor Covering Market Overview
8.2. U.S.
8.2.1. U.S. Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
8.2.2. U.S. Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
8.2.3. U.S. Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
8.3. Canada
8.3.1. Canada Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
8.3.2. Canada Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
8.3.3. Canada Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
8.4. North America PEST Analysis
CHAPTER 9. Europe Floor Covering Market By Country
9.1. Europe Floor Covering Market Overview
9.2. U.K.
9.2.1. U.K. Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
9.2.2. U.K. Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
9.2.3. U.K. Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
9.3. Germany
9.3.1. Germany Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
9.3.2. Germany Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
9.3.3. Germany Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
9.4. France
9.4.1. France Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
9.4.2. France Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
9.4.3. France Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
9.5. Spain
9.5.1. Spain Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
9.5.2. Spain Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
9.5.3. Spain Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
9.6. Rest of Europe
9.6.1. Rest of Europe Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
9.6.2. Rest of Europe Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
9.6.3. Rest of Europe Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Floor Covering Market By Country
10.1. Asia Pacific Floor Covering Market Overview
10.2. China
10.2.1. China Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
10.2.2. China Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
10.2.3. China Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
10.3. Japan
10.3.1. Japan Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
10.3.2. Japan Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
10.3.3. Japan Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
10.4. India
10.4.1. India Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
10.4.2. India Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
10.4.3. India Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
10.5. Australia
10.5.1. Australia Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
10.5.2. Australia Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
10.5.3. Australia Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
10.6. South Korea
10.6.1. South Korea Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
10.6.2. South Korea Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
10.6.3. South Korea Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
10.7.2. Rest of Asia-Pacific Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
10.7.3. Rest of Asia-Pacific Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Floor Covering Market By Country
11.1. Latin America Floor Covering Market Overview
11.2. Brazil
11.2.1. Brazil Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
11.2.2. Brazil Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
11.2.3. Brazil Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
11.3. Mexico
11.3.1. Mexico Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
11.3.2. Mexico Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
11.3.3. Mexico Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
11.4. Rest of Latin America
11.4.1. Rest of Latin America Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
11.4.2. Rest of Latin America Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
11.4.3. Rest of Latin America Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Floor Covering Market By Country
12.1. Middle East & Africa Floor Covering Market Overview
12.2. GCC
12.2.1. GCC Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
12.2.2. GCC Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
12.2.3. GCC Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
12.3. South Africa
12.3.1. South Africa Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
12.3.2. South Africa Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
12.3.3. South Africa Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Floor Covering Market Revenue (USD Million) and Forecast By Product, 2018-2030
12.4.2. Rest of Middle East & Africa Floor Covering Market Revenue (USD Million) and Forecast By Distribution Channel, 2018-2030
12.4.3. Rest of Middle East & Africa Floor Covering Market Revenue (USD Million) and Forecast By End-User, 2018-2030
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Floor CoveringMarket
13.1. Floor Covering Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investments
13.2.2. New Product Launches and Product Enhancement
13.2.3. Mergers And Acquisition In Global Floor Covering Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Armstrong Flooring
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (USD Million), 2021
14.1.3.2. Armstrong Flooring 2021 Floor Covering Business Regional Distribution
14.1.4. Product/Service and Specification
14.1.5. Recent Developments & Business Strategy
14.1.6. Manufacturing Plant Footprint Analysis
14.2. Dixie Group, Inc.
14.3. Forbo Holding
14.4. Gerflor Group
14.5. Home Depot Inc.
14.6. Interface, Inc.
14.7. Mannington Mills Inc.
14.8. Mohawk Industries, Inc.
14.9. Shaw Industries Group, Inc.
14.10. TOLI Corporation
