Lucintel Forecasts Flooring Market To Reach $475 Billion By 2030

By Author: Lucintel LLC
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According to the recent study the flooring market is projected to reach an estimated $475 billion by 2030 from $327 billion in 2023, at a CAGR of 5.1% from 2024 to 2030. Growth in this market is primarily driven by increasing residential construction and growth in renovation and remodeling activities.
Browse 73 figures/charts and 52 tables in this 202-page report to understand trends, opportunities and forecast in flooring market by end use (residential, healthcare, education, hospitality, retail, office, others). Flooring type (Carpets and rugs, resilient flooring, and non-resilient) and region (North America, Europe, Asia Pacific, and the Rest of the World).
“Non-resilient flooring market is expected to remain the largest segment during the forecast period.”
Based on type, the flooring market is segmented into Carpets and rugs, resilient flooring, and non-resilient. Lucintel forecasts that the non-resilient flooring market is expected to remain the largest segment due to increasing demand for ceramic tiles in developing region.
“Within the flooring market, the residential segment is expected to ...
... remain the largest end use.”
Based on end use the residential segment is expected to witness the highest growth over the forecast period due to growth in single and multi-family buildings.
“Asia pacific will dominate the flooring market in near future.”
Asia Pacific is expected to remain the largest region; it is also expected to witness the highest growth over the forecast period supported by increasing urbanization and building construction activities.
Major players of flooring market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Mohawk industries, Shaw industries, Tarkett, Beaulieu International, Dixie Group Inc, Forbo Holding, Interface Incorporation, and Armstrong Flooring are among the major flooring providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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