Floor Covering Market Size
Study Period | 2019 - 2028 |
Base Year For Estimation | 2021 |
CAGR | < 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Floor Covering Market Analysis
The floor covering market is expected to benefit from a large population of consumers seeking high-quality products. The increasing disposable income, booming housing industry, and rising demand for luxury flooring options are anticipated to contribute to the growth of the market, globally. However, the amount of non-degradable waste that gets generated during the manufacturing of textile floor coverings, such as carpet and rugs, is expected to become a challenge to the market growth. Asia-Pacific is expected to account for the substantial percentage of the floor covering market share. In 2019, the non-resilient flooring segment, which includes ceramic tiles, wood, laminate, and stone, accounted for the large market share in the floor covering market. The ceramic tiles segment dominated the market in 2019, in terms of volume, as a result of its cost-effectiveness, water and stain resistance, durability, and eco-friendly properties. The vinyl segment is projected to grow at a high pace, which is attributed to its low cost, low maintenance, and easy installation.
Floor Covering Market Trends
This section covers the major market trends shaping the Floor Covering Market according to our research experts:
Largest Carpet and Area Rugs Segment
Carpets and rugs are used for their aesthetic and functional properties, as well as to cover the floors, further improving the overall appeal of a home or office décor. Rugs and carpets lend a protective layer to floors. The demand for carpets and rugs was the highest in developed economies. However, this trend has changed in the last few years, with a growing number of consumers spending more money on bringing aesthetic improvements to their homes and office spaces.
Nylon, Polyester, and Polypropylene materials are used in manufacturing the carpets and rugs. The carpets made from Nylon are of high strength, which makes it suitable where there is high foot traffic, such as in industrial and commercial carpeting.
Vinyl Flooring Segment
Vinyl flooring, better known as resilient flooring, is made up of combining natural and synthetic polymer materials, which are placed in repeating structural units. It is a versatile synthetic flooring material, which is resistant against water and stains. Vinyl flooring is cost-effective in nature and exhibits numerous features, such as durability, flexible handling, and design possibilities, which make it suitable to be used in hospitals, schools, offices, and houses.
Floor Covering Industry Overview
The report covers major international players operating in the floor covering market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Key players profiled in the report include Mohawk Industries Inc., Shaw Industries Group Inc., Boral Limited, and Gerflor Group. Other players include the Dixie Group, Toli Corporation, FORBO, Armstrong Flooring, and Interface Inc.
Floor Covering Market Leaders
Gerflor Group
Forbo Holding
TOLI Corporation
Dixie Group Inc.
Mannington Mills Inc.
*Disclaimer: Major Players sorted in no particular order
Floor Covering Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions and Market Definition
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Drivers
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4.3 Restraints/Challenges
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4.4 Opportunities
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4.5 Value Chain Analysis
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4.6 Porter’s Five Forces Analysis
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4.7 Technological Trends and Consumer Preferences
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4.8 Government Regulations on the Market
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4.9 Impact of COVID-19 on the Market
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Carpet and Area Rugs
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5.1.2 Wood Flooring
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5.1.3 Ceramic Tiles Flooring
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5.1.4 Laminate Flooring
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5.1.5 Vinyl Flooring
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5.1.6 Stone Flooring
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5.1.7 Other Products
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5.2 By Distribution Channel
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5.2.1 Home Centers
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5.2.2 Flagship Stores
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5.2.3 Specialty Stores
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5.2.4 Online Stores
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5.2.5 Other Distribution Channels
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5.3 By End User
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5.3.1 Commercial
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5.3.2 Residential Replacement
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5.3.3 Builder
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5.4 By Region
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5.4.1 North America
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5.4.2 South America
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5.4.3 Europe
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5.4.4 Asia-Pacific
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5.4.5 Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Market Concentration Overview
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6.2 Company Profiles
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6.2.1 Shaw Industries Group Inc.
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6.2.2 Mohawk Industries Inc.
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6.2.3 Armstrong Flooring
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6.2.4 Gerflor Group
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6.2.5 Forbo Holding
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6.2.6 Mannington Mills Inc.
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6.2.7 TOLI Corporation
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6.2.8 Tarkett Group
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6.2.9 Dixie Group Inc.
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6.2.10 Milliken & Company
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- *List Not Exhaustive
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7. FUTURE OF THE MARKET
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8. DISCLAIMER
Floor Covering Industry Segmentation
The report provides a detailed study, with the underlying factors for the variations in the floor covering market growth trends. The report scope includes market analysis on regional, as well as country level. The report also provides competitive landscape covering company market shares, with detailed profiling for major revenue-contributing companies.
By Product | |
Carpet and Area Rugs | |
Wood Flooring | |
Ceramic Tiles Flooring | |
Laminate Flooring | |
Vinyl Flooring | |
Stone Flooring | |
Other Products |
By Distribution Channel | |
Home Centers | |
Flagship Stores | |
Specialty Stores | |
Online Stores | |
Other Distribution Channels |
By End User | |
Commercial | |
Residential Replacement | |
Builder |
By Region | |
North America | |
South America | |
Europe | |
Asia-Pacific | |
Middle East & Africa |
Floor Covering Market Research FAQs
What is the current Global Floor Covering Market size?
The Global Floor Covering Market is projected to register a CAGR of less than 6% during the forecast period (2023-2028).
Who are the key players in Global Floor Covering Market?
Gerflor Group, Forbo Holding, TOLI Corporation, Dixie Group Inc. and Mannington Mills Inc. are the major companies operating in the Global Floor Covering Market.
Which is the fastest growing region in Global Floor Covering Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Global Floor Covering Market?
In 2023, the Asia Pacific accounts for the largest market share in the Global Floor Covering Market.
Floor Covering Industry Report
Statistics for the 2023 Floor Covering market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Floor Covering analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.