Global Flooring Market is projected to witness a CAGR of 6.57% during the forecast period 2025–2032, growing from USD 372.25 billion in 2024 to USD 619.33 billion in 2032. The global market for flooring products is experiencing significant growth owing to an increased need for long-lasting and aesthetically appealing flooring solutions in both the residential and commercial sectors. Rapid urbanization, increasing construction activities, especially in developing regions, and increasing disposable income have further fueled this demand. The growing emphasis on eco-friendly products and innovative designs aligns with changing customer preferences making different flooring options more appealing to consumers. Moreover, the rise of e-commerce platforms as the channel of distribution and the facilitation of easy access to varied flooring options for consumers are also boosting the demand for the market. As online shopping becomes more popular than ever within this fast-changing landscape, companies are adjusting their strategies toward the use of digital marketing and direct-to-consumer sales. On the other hand, manufacturers are making significant investments to innovate and expand their product lines to meet the demand of consumers. In addition, the growing office spaces and enhancement of consumer lifestyles have increased demand for flooring in the non-residential segment. Companies are, therefore, boldly launching new products into the system to benefit from such trends.
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For instance, in December 2022, Mohawk Group launched the Medella line product, responding to the market’s demand for high-performing homogeneous resilient sheet flooring. The innovative features of the Medella line meet the specific needs of healthcare facilities and contribute to creating environments that promote healing and well-being for patients and staff alike. Launching new products fulfills divergent consumer needs while raising competitiveness in the market.
Commercial Sector Boosting the Demand for Flooring Market
The commercial sector is driving the demand in the global flooring market because of an expanding economy that encourages increased investment in new construction and renovation projects. With the expansion of businesses and rising disposable incomes, there is a demand for modern commercial spaces such as offices, retail establishments, and hotels. The expanding commercial sector drives demand for good-quality flooring solutions that are durable, aesthetic, and made of quality material. The commercial industry demands durable flooring to withstand significant foot traffic, which can lead to wear and tear. Flooring in these environments must endure spills, stains, heavy equipment, and various activities without compromising its aesthetic appeal or functional integrity. Suitable flooring also contributes to safety and helps minimize noise in busy environments. Companies now consider sustainability, and thus, they are opting for eco-friendly flooring materials that align with commercial building requirements and are launching flooring products.
For instance, in April 2024, Interface, Inc. unveiled two new flooring collections: Open Air Stria and Open Ended, hardworking, high-quality, high-performance solutions for commercial interiors. These launches expand the product portfolio of the Interface product family; the products are a combination of style and performance, meeting customer’s needs for both design and space-specific requirements while being the industry’s lowest carbon footprint carpet tile.
Green Flooring Products Driving Flooring Market Demand
Low-carbon emissions and recycled content-based green flooring products are drivers of the global flooring market since consumers and business houses focus on sustainability. Green flooring and low carbon flooring made with bamboo, cork, and recycled wood are aesthetically appealing, contribute to better indoor air, and come with the advantage of being of good quality with lower maintenance. Furthermore, the popularity of green building certifications such as Leadership in Energy and Environmental Design (LEED) further encourages the adoption of sustainable flooring products. Demand for green flooring products has created a growing market for emerging manufacturers with new products that incorporate advanced technologies and sustainable materials. Manufacturing companies are keen on minimizing carbon in their products, which will positively affect the global flooring market.
For instance, in October 2024, Universal Fibers announced the launch of Forbo Flooring Systems, a new Tessera Topology, the first Evolve+ series collection made from Thrive Matter yarn from Universal Fibers. Thrive Matter is the lowest carbon footprint yarn in the industry, made from 100% solution-dyed nylon 6 with 90% recycled content. This innovative yarn and Forbo’s lean production processes resulted in carpet tiles with over 75% recycled content and a very low embodied carbon (less than 1.5kg CO2 per square meter). This innovation and sustainability create low-carbon flooring as an essential sector within the construction market at large.
Residential Real Estate Dominates Global Flooring Market
The residential sector leads the global flooring market owing to the rising living standards and accelerating urbanization trends, which are correlated with growing populations, thus constructing a higher number of new homes and more renovation activities taking place on existing residential space. The trend is more evident in developing countries, where increasing disposable incomes create an opportunity for more consumer expenditure on modern flooring solutions that enhance aesthetics and functionality. Moreover, single-family homes and multifamily housing projects also increase the demand for various types of flooring, such as hardwood, laminate, and luxury vinyl tiles. Consumer preference is shifting toward green and low-maintenance flooring types that meet the demands of lifestyle in modern times. Furthermore, interior design and home improvement activities are on the rise, which increases the sale of flooring products. Government policies encouraging inexpensive housing and urbanization further increase the residential construction market. As a result, manufacturers are innovating and launching more products for the residential segment that cater to constantly changing consumer requirements.
For instance, in October 2024, Tarkett Group launched a wood plastic composite (WPC) collection, EverGen, for residential homes. This new collection combines an unparalleled level of realism with unmatched durability. EverGen is an 8 mm thick product with a 1.5 mm Irradiated Cross-Linked Polyethylene (IXPE) pad attached for added comfort.
Asia-Pacific Dominates the Global Flooring Market
Asia-Pacific is the largest segment in the global flooring market, driven by rapid economic growth and a booming construction industry. Countries like China, India, Japan, and Indonesia contribute significantly to this expansion, fueled by increasing urbanization and a rising population. The demand for durable, aesthetically pleasing, and low-maintenance flooring products, such as vinyl and ceramic tiles, is rising. Additionally, the region’s diverse consumer preferences for innovative designs and functionality further enhance market growth. The presence of numerous domestic manufacturers increases competition and provides consumers with a wide array of flooring options. The manufacturers have collaborated with other flooring companies and acquired land in Asia-Pacific regions to set up their manufacturing plants. The residential sector plays a crucial role, with significant investments in single-family and multi-family homes driving demand for various flooring solutions.
For instance, in May 2022, Asian Granito India Limited (AGL) completed the land acquisition for all its three upcoming greenfield manufacturing plants for manufacturing stone plastic composite (SPC) flooring, luxury surfaces, and bathware products, including glazed vitrified tile (GVT), and sanitaryware, in Morbi, Gujarat. The company plans to commence civil works including site development, building, construction, and engineering works at the three manufacturing sites soon.
Future Market Scenario (2025–2032F)
- Stricter building codes and regulations mandating moisture resistance in construction will propel the use of Flooring, ensuring compliance.
- Innovations in Flooring, such as self-healing ability, enhance performance and efficiency. This entices more builders and contractors to opt for these advanced solutions.
- The residential construction sector will continue to dominate the market due to increasing housing demands, particularly in urban areas vulnerable to water-related issues.
- Rapid urbanization in emerging markets will stimulate demand for new building materials to accommodate growing populations.
Report Scope
“Flooring Market Assessment, Opportunities and Forecast, 2018–2032F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global flooring market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2025 and 2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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