Global Flooring Market Size, Trends & Forecast (2025-2031) | Growth Drivers & Key Players

The Flooring Market size is projected to reach US$ 622.62 billion by 2031 from US$ 379.71 billion in 2024. The market is expected to register a CAGR of 7.6% during 2025–2031. 

Flooring Market Analysis

The global flooring market is undergoing a dynamic transformation, shaped by evolving consumer preferences, rapid urbanization, and an increasing focus on sustainability. Demand is driven by residential and commercial construction, as customers seek durable flooring solutions that align with modern aesthetic trends. Innovations in product design and the rise of environmental awareness influence choices, leading to higher interest in eco-friendly materials. Technological advancements and digital distribution channels amplify competition, prompting manufacturers to diversify their offerings and adapt to regional needs.

Flooring Market Overview

Rapid urban evolution, changing lifestyles, and a greater emphasis on design and environmental responsibility shape the global flooring market. As residential and commercial spaces evolve, buyers seek flooring options that blend visual appeal with practicality for diverse settings. The industry is responding to a surge in eco-conscious choices, offering innovative materials and finishes. Strong regional growth, particularly in Asia-Pacific, is fueled by increased construction and modernization, with digital platforms streamlining how consumers access and select materials.

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Flooring Market: Strategic Insights

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Flooring Market Drivers and Opportunities

Market Drivers:

• Rapid Urbanization and Population Growth:

  Increasing urban populations worldwide are spurring demand for new residential and commercial construction.

• Construction Sector Expansion:

  Renovation and remodeling activities in developed countries stimulate the expansion of the flooring market as homeowners and businesses seek to upgrade aesthetics and durability.

• Rising Disposable Incomes and Lifestyle Changes:

  Growing middle-class populations, higher incomes, and increasing investment in home comfort are elevating demand for premium, customized, and visually appealing flooring products, driving manufacturers to expand offerings in luxury vinyl tiles (LVT), engineered wood, and designer ceramics.

• Rising Consumer Demand for Aesthetic and Durable Solutions:

  There is a growing preference for high-quality, aesthetically appealing, and durable flooring options such as vinyl, ceramics, laminates, hardwood, and engineered wood. This demand increases as standards of living improve and disposable incomes rise.

• Government Investments and Policies:

  In many countries, policies supporting smart city development, modernization of infrastructure, and housing schemes accelerate demand for modern flooring solutions.

Market Opportunities:

• Growth in Non-Residential Sectors:

  There is a marked opportunity in commercial, healthcare, and institutional flooring, as these sectors expand and modernize across developed and emerging markets.

• Adoption of Digital Channels:

  The surge in e-commerce allows flooring companies to reach customers directly. Online platforms now allow greater access for consumers to compare, select, and purchase flooring products, reducing barriers to entry in many regions and boosting overall demand.

• Product Portfolio Diversification:

  Manufacturers and suppliers can innovate within their product lines, offering specialized or niche solutions such as waterproof, antimicrobial, or hypoallergenic flooring to capture specific customer needs or regulatory requirements.

• Strategic Partnerships & Local Manufacturing:

  Collaboration with local manufacturers or acquisition of land and facilities in high-growth zones (such as Asia-Pacific) can enable faster market entry and localization of products, reducing logistics costs and better serving diverse regional preferences.

• Sustainable Product Segments:

  While sustainability is a trend, the specific opportunity is to launch certified eco-friendly flooring lines that meet growing regulatory and consumer requirements for green building materials.

Flooring Market Report Segmentation Analysis

The flooring market is divided into different segments to give a clearer view of how it works, its growth potential, and the latest trends. Below is the standard segmentation approach used in most industry reports:

By Product Type:

• LVT and VCT:

  LVT mimics natural materials, while VCT is a durable, resilient tile often used in high-traffic areas.

• Rubber:

  Rubber flooring is resilient, shock-absorbent, and slip-resistant, ideal for gyms and high-traffic spaces.

• Solid Hardwood Floorings:

  Solid hardwood flooring is made from planks milled entirely from a single piece of timber.

• Ceramic Tile:

  Ceramic tile is made from shaped, fired clay with glazed or unglazed finishes for durable, decorative surfaces.

• Concrete:

  Concrete flooring is poured, cured, and finished, offering a durable and versatile surface for varied applications.

• Granite Tile:

  Granite tile consists of natural stone cut into tiles known for luxury, strength, and distinctive patterns.

• Terrazzo:

  Terrazzo flooring is a polished composite, using marble or glass chips embedded in cement or epoxy for decorative floors.

• Limestone Tile:

  Limestone tile offers a natural, soft-textured stone surface, prized for its unique fossil patterns and earthy colors.

• Marble Tile:

  Marble tile features polished, veined natural stone used for sophisticated, elegant floor finishes.

• Carpets and Rugs:

  Carpets and rugs are textile coverings providing warmth, comfort, and acoustic benefits for floor surfaces.

• Laminate Flooring:

  Laminate flooring simulates wood or stone with a photographic layer, protected by a durable wear surface.

• Others:

  The others segment covers niche or emerging flooring types, including cork, bamboo, or specialty composites.

By Type:

• Resilient Flooring:

  Resilient flooring is flexible, durable, and includes vinyl, rubber, or linoleum for commercial and residential use.

• Non-Resilient Flooring:

  Non-resilient flooring, including hard surface materials such as tile, stone, and hardwood, lacks flexibility.

• Soft Floor Covering:

  For comfort and insulation, soft floor coverings encompass pliable textile options, such as broadloom carpet and area rugs.

By Application:

• Residential
• Commercial
  • Hospitality
  • Office Buildings
  • Others
• Institutional
• Industrial

By Geography:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South & Central America

As the construction industry expands, the Asia Pacific flooring market remains vital.

Flooring Market Regional Insights

The regional trends and factors influencing the Flooring Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Flooring Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Flooring Market Report Scope

Flooring Market Players Density: Understanding Its Impact on Business Dynamics

The Flooring Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

The Asia Pacific Flooring Market is growing significantly. Emerging markets in Latin America, the Middle East, and Africa have untapped opportunities for flooring providers to expand.

The flooring market growth differs in each region due to the surging construction activities, government policies, and rising disposable income. Below is a summary of market share and trends by region:

1. North America

• Market Share:

  Holds a significant portion of the global market

• Key Drivers:

• Strong residential construction and remodeling
• Commercial sector growth and foreign investment
• Product diversification and innovation

• Trends:

  Sustainability and eco-friendly materials are increasingly embedded in production and marketing strategies.

2. Europe

• Market Share:

  Substantial share due to urbanization and infrastructure expansion

• Key Drivers:

• EU renovation wave supporting retrofit and remodeling
• Shift to recyclable, circular materials driven by the EU Green Deal
• Rapid penetration of luxury vinyl tile (LVT) and SPC via DIY channels

• Trends:

  There is a premiumization of residential flooring (especially in the UK) and a focus on sustainability, with businesses and regulators emphasizing eco-friendly flooring

3. Asia Pacific

• Market Share:

  Fastest-growing region with a rising market share every year

• Key Drivers:

• Rapid urbanization and infrastructure development
• A growing middle class and rising disposable incomes
• Investment in smart cities and mega construction projects

• Trends:

  A swift shift toward digital and e-commerce flooring sales is emerging. Modular and customizable flooring is gaining traction amid changing consumer tastes and modernization.

4. Middle East and Africa

• Market Share:

  Growing market with steady progress

• Key Drivers:

• Urbanization and residential building surge
• Government-backed mega infrastructure projects

• Trends:

  A growing emphasis on flooring that supports energy efficiency and easy maintenance in homes and businesses

5. South and Central America

• Market Share:

  Although small, it is growing quickly

• Key Drivers:

• Rising urbanization and middle-class expansion
• Large-scale construction and real estate growth

• Trends:

  Increased e-commerce use for flooring purchases and educational efforts on the benefits of modern flooring alternatives.

Flooring Market Players Density: Understanding Its Impact on Business Dynamics

High Market Density and Competition

Competition is strong due to the presence of established players such as Milliken & Company, Gerflor SAS, Tarkett, Forbo Holding AG, and AHF LLC. Regional and niche providers, including Altro Limited (Global/Europe), BOEN (Asia Pacific, Europe, and Middle East and Africa), and Woodland Floors Ltd (UK), are adding to the competitive landscape across regions.

This high level of competition urges companies to stand out by offering:

• Innovation in performance and functionality
• Focus on eco-friendly and sustainable products
• Integration of smart and digital features
• Consumer demand for customization and aesthetics

Opportunities and Strategic Moves

• Building strong partnerships with raw material suppliers, distributors, and manufacturing technology providers is becoming essential.
• Companies are exploring strategic sourcing and investment in alternative, renewable materials, helping them minimize exposure to raw material cost swings and regulatory pressures.
• Market leaders invest in digital platforms for online ordering, size customization, and inventory management, thereby streamlining logistics and improving customer experience.

Major Companies operating in the Flooring Market are:

1. Milliken & Company (US)
2. Gerflor SAS (France)
3. Tarkett (France)
4. Forbo Holding AG (Switzerland)
5. Shaw Industries Group Inc (US)
6. AHF LLC (US)
7. Altro Limited (UK)
8. Mohawk Industries Inc (US)
9. BOEN (Norway)
10. Terrain Floorings (UAE)
11. Interface Inc (US)
12. Toli Corporation (Japan)
13. Wedge Industries Ltd (India)
14. Mannington Mills Inc (US)
15. Congoleum (US)

Disclaimer: The companies listed above are not ranked in any particular order.

Other companies analyzed during the course of research:

1. Dixie Group
2. Balta Group
3. Victoria PLC
4. Proximity Mills
5. Karndean Designflooring
6. Martoni Alfredo S.p.A.
7. Unilin
8. Wickes
9. Howden Joinery Ltd
10. James Halstead PLC
11. Parador GmbH
12. TrioFlor
13. Liberty Home
14. Doma Floors
15. Atlas Concorde

Flooring Market News and Recent Developments

• AHF Contract launches Nod to Nature LVT

  AHF Contract launched Nod to Nature, a new luxury vinyl collection designed to blend the beauty of the natural world with high performance.

• Tarkett launches New True to Form LVT Collection

  Tarkett launched True to Form, a new collection on its premium Contour luxury vinyl tile. Combining the durability of Contour construction with genuine wood and stone visuals, True to Form embodies the beauty and strength of elements found in the natural world.

• Transom Capital completes acquisition of Galleher

  Transom Capital Group announced the completion of its acquisition of Galleher, LLC, a western regional distributor and manufacturer of flooring products sold under company-owned and leading third-party brands via retail, contractor, commercial, and other channels.

• Tarkett forms a partnership with Avery Automats, using reclaimed LVT

  Tarkett found its creative solution for reclaimed LVT in a unique partnership with Avery Automats, a manufacturer of automotive carpet and all-weather floor mats in Dalton, Georgia.

• Tarkett launches non-PVC resilient flooring collection with superior performance

  Tarkett launched a non-PVC plank and tile flooring collection, evidence of the company's holistic approach to helping organizations meet their sustainability goals. The collection, Collective Pursuit, is a high-performance solution that rivals luxury vinyl tile in dimensional stability, impact resistance, and ease of maintenance. It is the first collection of its kind from Tarkett North America.

Flooring Market Report Coverage and Deliverables

The "Flooring Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering the following areas:

• Flooring Market size and forecast at global, regional, and country levels for all market segments covered under the scope
• Flooring Market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed Porter's Five Forces Analysis and SWOT analysis
• Flooring Market analysis covering market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Flooring Market
• Detailed company profiles