What is the global flooring market size?

The global flooring market size was USD 342.88 billion in 2020 and is projected to grow from USD 359.20 billion in 2021 to USD 517.74 billion in 2028 at a CAGR of 5.4% during the 2021-2028 period.

What is the forecast for the non-resilient flooring market?

Aided by the rising popularity of non-resilient flooring, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 5.6%. The market is projected to reach USD 516.7 billion by 2027.

Why is the flooring industry growing?

The increasing large investments in such projects in the U.S. is expected to boost the demand for flooring. The advancements in easy-to-install techniques, the availability of innovative construction solutions, and the rising demand for environmentally sustainable products are expected to drive the industry’s growth.

What are the major regional markets of flooring?

The major regional markets of the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Mohawk Industries Inc., Shaw Industries Group, Inc., Tarkett Group, Armstrong Flooring, Inc., and Gerflor Group, among others.