The Global Indoor Flooring Market- Growth, COVID-19 impact and Forecast (2021-2025)
The Global Indoor Flooring market is segmented by Product Type (Ceramic Tiles, Carpet, Wood and Laminate, Others); Construction Type (New Construction and Renovation), End-user (Residential, Industrial and Commercial); Region (North America, Europe, APAC, ROW).
Introduction
Flooring is used for a permanent covering of a floor and is applied across a public or private structure. It has considerable influence on the building’s aesthetics, including to enhance the functionality of the home.
Indoor flooring has waterproof, anti-static, scratch resistance, and anti-skid properties, among others. Due to these properties, it is favoured in industrial and construction sectors. Indoor flooring protects the concrete, tiles, and other surfaces onto which it is installed. It is responsible for extending the life of underlying floor bases.
Factors, such as new construction, renovation, and retrofitting activities for buildings as well as infrastructure influence the market growth, and are expected to drive the market during the forecast period.
Along with this, the recovering construction activities across the globe are expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10.Growth drivers
10.1 Increasing demand for aesthetically superior and durable indoor floor covering solutions
10.2 Growth of residential housing structures
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 Mohawk Industries
15.2 Amstrong Flooring
15.3 Beaulieu International Group
15.4 Ecore International
15.5 Forbo International
15.6 Interface
15.7 Mats
15.8 Shaw Industries Group
15.9 Tarkett
15.10 Toli Corporation
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
The global flooring market is expected to grow to $194.20 billion by 2025
Growth momentum is expected to accelerate during the forecast period with a 5.52% CAGR.
Rising urbanization and expansion of ultramodern workspaces and offices coupled with evolving consumer lifestyles are expected to drive the market growth.
APAC is dominating the market owing to infrastructure development and rapid urbanization.
Key Trends
The increasing number of renovation and refurbishment projects across the globe is anticipated to boost the demand for indoor flooring materials, thereby propelling the industry's growth.
Technological advancements in indoor flooring are expected to increase the market demand.
The rising demand for environmentally sustainable products is anticipated to fuel the industry's growth.
Key Market Players
Some of the key players in the market are Mohawk Industries, Amstrong Flooring, Beaulieu International Group, Ecore International, Forbo International, Interface.
The market players offering products with high level of customization, leading to their increasing application in commercial and residential settings. Also, they are promoting their product portfolio with enhanced properties is creating an entry barrier for the new entrants.
Companies are also adopting certain strategic initiatives, M&A activities to increase their production capacity and to enhance their product portfolio to cater to the growing demand.
Growth Drivers and Challenges
Increasing investment in construction activities in the residential and sports sectors is the key driver of this market.
Increasing demand for aesthetically superior and durable indoor floor covering solutions and consumer trends in floor design are driving the demand.
Strong industrial and economic development coupled with population expansion is likely to have a positive impact on the product demand.
Fluctuating prices of raw materials of indoor floorings act as restraints for the industry growth.
Government regulations and laws concerning toxic chemicals and volatile residues from indoor flooring products are also posing challenges to the market.