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Indoor Flooring Market By Type (Ceramic Tiles, Carpet, Vinyl, Linoleum & Rubber, Wood & Laminate, Others), By Construction Type (New Construction, Renovation), By End-User (Residential, Commercial & Industrial): Global Opportunity Analysis and Industry Forecast, 2022-2030

Indoor Flooring Market By Type (Ceramic Tiles, Carpet, Vinyl, Linoleum...

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Indoor Flooring Market By Type (Ceramic Tiles, Carpet, Vinyl, Linoleum & Rubber, Wood & Laminate, Others), By Construction Type (New Construction, Renovation), By End-User (Residential, Commercial & Industrial): Global Opportunity Analysis and Industry Forecast, 2022-2030
Indoor Flooring Market By Type...
Report Code
RO14/128/2288

Publish Date
15/Sep/2022

Pages
200
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The global indoor flooring market size was US$ 131.3 billion in 2021. The global indoor flooring market is projected to grow to US$ 204.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 5.9% during the study period from 2022 to 2030.

Factors Influencing the Market
Building materials are widely used to develop floors in residential, commercial, and industrial buildings. Meanwhile, indoor flooring is widely used in the renovation and construction of new buildings. Factors like expansionary fiscal policy on infrastructure construction and growing demand for insulation and well-insulated floor will contribute to the growth of the market during the analysis period.
The focus of customers has shifted toward home furnishings like carpets and rugs that improve the visual appeal of interiors as a result of their readiness to spend significant sums on the design of living spaces. The rise in consumer income levels, changing lifestyles, and appropriation of various cultures' interior design aesthetics all encourage this transition. To give surfaces slide resistance, floor coatings, including ceramic tiles, carpets, vinyl, and linoleum, as well as rubber, wood, and laminate, are applied. The benefits of indoor flooring are expected to propel the market forward.
The growing need for comfort and privacy, combined with the growing consumer demand for aesthetically better designs, textures, colors, and low maintenance, will drive the market forward during the analysis period.
The growing urban population is leading to an increase in the range of construction activities. New commercial construction projects related to the development of business complexes, hospitals, housing facilities, and shopping malls are growing at a significant pace. All of these factors will contribute to the growth of the indoor flooring market during the analysis period.

Regional Analysis
Asia-Pacific garnered the highest place in the indoor flooring market and is expected to stay ahead of all the regions in the coming years. The growth of this regional market is attributed to the rise in investment in commercial and residential constructions. Furthermore, the region's market expansion is attributable to the growing efforts in home improvement and repair. Additionally, growing urbanization and rising inclination toward smart homes and smart buildings are expected to drive the global indoor flooring market forward during the study period.

COVID-19 Impact Analysis
Due to COVID-19 disease spread, the entire indoor flooring market recorded a sharp decline in terms of demand. The industry players recorded a dramatic loss in terms of revenue as the demand for construction halted. Recognizing the severity of the situation, governments in various states introduced strict lockdowns, which halted the movement and public gathering. Social distancing norms further complicated the manufacturing activities. As a result, the demand for indoor flooring dropped.

Competitors in the Market
Armstrong Flooring, Inc.
Beaulieu International Group
Ecore International
Forbo International SA
Interface, Inc.
Mats Inc.
Mohawk Industries, Inc.
Shaw Industries Group, Inc.
Tarkett
Toli Corporation
Other Prominent Players

Market Segmentation
The global indoor flooring market segmentation focuses on Type, Construction, End-User, and Region.
By Type
Wood & Laminate
Others
Ceramic Tiles
Carpet
Vinyl, Linoleum & Rubber
By Construction Type
New Construction
Renovation
By End-User
Residential
Commercial & Industrial
By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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