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Global Flooring

Publisher Freedonia Group
Published Nov 06, 2023
Length 453 Pages
SKU # FG18288962

Description

Global Flooring


Global demand for flooring is forecast to rise 4.5% per year to 26.1 billion square meters in 2027, driven by:
  • increased construction of new residential and nonresidential buildings, particularly in the Asia/Pacific region
  • higher spending on improvements and repairs to existing buildings in the US and Western Europe, especially among homeowners
  • greater use of finished floor coverings relative to total floor space as standards of living improve worldwide and the large US market trends toward hard surface floors rather than carpeting
  • rebounding motor vehicle production, boosting demand for carpeting in automobiles
However, the declining popularity of wall-to-wall carpeting and weak new housing outlooks in North America and Western Europe will restrain stronger advances.

Performance & Aesthetics Allow Luxury Vinyl Tile to Post Strong Sales Increases


Luxury vinyl tile (LVT), including SPC and WPC products, will gain market share through 2027, a continuation of trends during the 2017-2022 period. These products are durable, mimic popular aesthetics (such as stone and ceramics), and only cost slightly more than tufted carpeting; these factors have contributed greatly to LVT’s increased popularity in the US and Europe over the past decade. The US has been the major source of growth of these products, where demand for luxury vinyl tile has risen 33% annually since 2016.

The Asia/Pacific and Africa/Mideast Regions Account for Majority of Gains


In terms of area, the Asia/Pacific and Africa/Mideast regions are forecast to collectively account for 81% of absolute gains in flooring demand through 2027, with China alone counting for 30% of growth. The massive Chinese market will rebound as building construction activity improves following lockdown-related weakness in 2022, and strong advances are expected in India and Indonesia. In particular, ongoing industrialization will spur greater demand for flooring in commercial and industrial buildings in both regions.

Rising Motor Vehicle Production Aids Demand for Carpets & Rugs


Although carpet and rug demand will be restrained by a shift away from wall-to-wall tufted carpeting in markets like the US, notable gains will be incurred as motor vehicle production improves following difficulty during the pandemic. After weathering a sizable drop in production in 2020, a combination of supply chain issues – most notably a semiconductor shortage – and high interest rates in a number of countries restrained greater output growth. With most supply chain issues having either resolved themselves or eased significantly, production is poised to grow at a rate more in line with pre-pandemic periods. As such, demand for needlepunch carpeting, which accounts for the majority of transportation demand, will improve significantly.

Study Description

This Freedonia industry study analyzes the $242 billion global flooring industry. It presents historical demand data (2012, 2017, and 2022) and forecasts (2027 and 2032) by product (carpets and rugs, resilient flooring, and nonresilient flooring), market (residential, nonresidential, transportation), application (new, remodeling) and major global region and country. Annual historical data and forecasts are also provided from 2019 to 2026. The study also evaluates company market share and competitive analysis on industry competitors including Mohawk Industries, Shaw, Tarkett, Gerflor Group, Interface, Oriental Weavers, and Engineered Floors.

Table of Contents

453 Pages
    • Figure 1-1. Global Flooring Market
    • Economic Forecast
    • Impact on the Construction Industry
    • Short-Term Flooring Industry Trends
    • Study Scope
    • Historical Market Trends
    • Regional Trends
    • Demand by Product
    • Demand by Market
    • Pricing Patterns
    • Global Building Construction Outlook
    • Sustainability Initiatives
    • Indoor Air Quality Concerns
    • Technology & Innovation
    • Scope & Product Description
    • Demand by Region
    • Product Types
    • Demand by Market
    • Suppliers
    • Scope & Product Description
    • Demand by Region
    • Demand by Production Process
    • Demand by Market
    • Suppliers
    • Scope & Product Description
    • Demand by Region
    • Product Types
    • Demand by Market
    • Suppliers
    • North America: Flooring Market Size & Historical Trends
    • North America: Supply & Demand
    • North America: Demand by Product
    • North America: Demand by Market
    • North America: Market Share
    • United States
    • Mexico
    • Canada
    • Central & South America: Flooring Market Size & Historical Trends
    • Central & South America: Supply & Demand
    • Central & South America: Demand by Product
    • Central & South America: Demand by Market
    • Central & South America: Market Share
    • Brazil
    • Other Central & South America
    • Western Europe: Flooring Market Size & Historical Trends
    • Western Europe: Supply & Demand
    • Western Europe: Demand by Product
    • Western Europe: Demand by Market
    • Western Europe: Market Share
    • Germany
    • United Kingdom
    • France
    • Spain
    • Italy
    • Other Western Europe
    • Eastern Europe: Flooring Market Size & Historical Trends
    • Eastern Europe: Supply & Demand
    • Eastern Europe: Demand by Product
    • Eastern Europe: Demand by Market
    • Eastern Europe: Market Share
    • Russia
    • Other Eastern Europe
    • Asia/Pacific: Flooring Market Size & Historical Trends
    • Asia/Pacific: Supply & Demand
    • Asia/Pacific: Demand by Product
    • Asia/Pacific: Demand by Market
    • Asia/Pacific: Market Share
    • China
    • India
    • Japan
    • Indonesia
    • South Korea
    • Australia
    • Other Asia/Pacific
    • Africa/Mideast: Flooring Market Size & Historical Trends
    • Africa/Mideast: Supply & Demand
    • Africa/Mideast: Demand by Product
    • Africa/Mideast: Demand by Market
    • Africa/Mideast: Market Share
    • Saudi Arabia
    • Turkey
    • Other Africa/Mideast
    • Key Findings & Industry Composition
    • Market Share
    • Mergers & Acquisitions
    • List of Industry Participants
    • Report Details
    • Definitions
    • Abbreviations
    • Freedonia Methodology
    • Study Specific Methodology
    • Data Changes from Previous Version
    • Sources
    • Associations & Agencies
    • Related Studies & Reports
    • Country Lists by Region
    • Macroeconomic Assumptions
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