Flooring Market Size

Flooring Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The world market for floor coverings is expected to reach $347.8 billion by 2035. This represents a CAGR of 3.24% between 2025 and 2035, and is expected to be driven by a combination of factors. The increasing demand for sustainable and innovation in floor coverings, coupled with the growing activity in residential and commercial construction, is a major factor driving the market. Also, the technological advancements in the floor coverings industry, such as the development of smart and sustainable flooring systems, are gaining traction among consumers. The leading players in the floor coverings industry, such as Mohawk Industries, Inc., Shaw Industries, Inc., and Armstrong, Inc., are actively involved in strategic initiatives to capitalize on this growth. These companies are investing in R&D to introduce new products that meet the consumers’ changing preferences for durable and sustainable products. Also, the increasing number of collaborations and agreements to expand distribution channels and product offerings will enable these companies to effectively exploit the market growth.

Regional Market Size

Regional Deep Dive

The floor coverings market is experiencing dynamic growth in a number of regions, driven by rising urbanization, rising incomes, and a growing emphasis on sustainable building practices. In North America, the market is characterized by strong demand for new flooring solutions, particularly in the residential and commercial segments. In Europe, the trend is towards eco-friendly materials and advanced manufacturing techniques. In Asia-Pacific, the market is experiencing rapid growth, driven by urbanization and the rise of the middle class. In the Middle East and Africa, the market is growing in response to large-scale construction projects and a growing emphasis on luxury flooring. The market in Latin America is growing more slowly, owing to the economic turmoil.

North America

• During the era of smart homes, technologically advanced flooring solutions have been in demand, with companies like Mohawk Industries and Shaw Industries investing in the smart floor concept.
• Regulations, which favour the use of eco-friendly materials, are pushing manufacturers to invent. For example, the stricter regulations imposed by California on the emission of volatile organic compounds are pushing manufacturers to invent.
• COVID-19 has caused a reorientation of consumer preferences towards home improvement. This has resulted in a sharp increase in the demand for flooring products, as people renovate their homes.

Europe

• The Green Deal is influencing the flooring market by promoting the use of sustainable materials. Companies such as Tarkett are at the forefront of producing recyclable flooring.
• Then, thanks to digital printing, the new floor tiles have a more personal and aesthetic appearance. The brand Gerflor, for example, has introduced its own motifs and effects.
• In the interior design field, the biophilic trend is gaining momentum, and the desire for natural materials that improve the quality of the air and establish a contact with nature is growing.

Asia-Pacific

• And this is the reason why the floor tiles market is booming. In China and India, rapid urbanization has led to a growing demand for affordable, durable flooring, and manufacturers such as Greenlam Industries have seized the opportunity to expand their product lines.
• The resurgence in popularity of luxury vinyl tiles (LVT) is reshaping the market. LVT is a cost-effective flooring option that mimics the look of natural materials.
• In India, smart cities, for example, have been created, which are promoting modern building methods.

MEA

• The United Arab Emirats' Vision 2021, with its emphasis on the development of the country's transport and communications, is boosting the market for flooring, with companies such as Al Habtoor Group undertaking large-scale projects.
• The demand for luxury flooring is growing, driven by a growing affluent population and the need for high-end residential and commercial spaces.
• A change in the building regulations, intended to improve the standards of construction, is forcing manufacturers to adopt more sustainable practices, which are influencing the market for products.

Latin America

• Brazil and Argentina, for example, are countries where the economy is fluctuating, which is why flooring investments are approached cautiously. At the same time, there is a growing demand for durable and inexpensive flooring solutions.
• This trend has become a trend in the construction industry. Several companies are looking for ways to meet the demand for sustainable building materials in order to meet the requirements of the consumers and the authorities.
• Governmental housing schemes are providing the floor-covering industry with new opportunities. New housing projects require new floor coverings.

Did You Know?

“By 2027 the world flooring market is expected to be worth over $500 billion.” — Market Research Future

Segmental Market Size

The residential flooring sector plays a crucial role in the flooring market and is currently experiencing a steady growth. This is driven by the growing demand for aesthetics and long-lastingness. The renovation trend, the growing focus on sustainable materials and the growing demand for eco-friendly products such as bamboo and reclaimed wood are the main drivers of the market. Furthermore, the growing energy efficiency of buildings and the resulting energy regulations further increase the attractiveness of new flooring solutions.

At the moment, the use of smart flooring is at the stage of implementation. The industry is mainly dominated by Mohawk Industries and Shaw Industries, which have already started to introduce smart flooring. The main application is in residential, commercial and hospitality buildings, where the floor not only serves a function, but also plays an important role in the overall design. The COV pandemic has led to an increased focus on hygiene and easy-to-clean surfaces, while the sustainable movement demands the use of low-VOC and recycled materials. Besides, the development of digital printing and 3D flooring is shaping the future of the industry by enabling customisation and enhanced performance.

Future Outlook

From 2024 to 2035, the floor market is expected to grow steadily, with a projected CAGR of 3.19%. The main reasons for this growth are the urbanization of the population, the increase in disposable income and the trend towards sustainable construction. The demand for sustainable flooring materials such as bamboo, cork or recycled materials is therefore expected to increase significantly, and their market share could reach over 25% by 2035. The ongoing trend towards renovation and refurbishment, mainly due to the post-pandemic shift in living and working conditions, will also contribute to market growth.

The development of the flooring market will also be determined by technological advances. Production processes, such as digital printing and improved treatments, are expected to expand the product range and improve customer satisfaction. The development of smart flooring solutions with sensors for wear and tear will also benefit the market. Also, the policy drivers for energy efficiency and sustainable building will continue to encourage the use of advanced flooring solutions. The flooring market will be significantly affected by the development of trends such as biophilia and multi-functionality, which will influence the preferences of consumers and thus the demand for flexible flooring solutions.