Flooring

Flooring

Global Flooring Market to Reach $519.3 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Flooring estimated at US$364.2 Billion in the year 2020, is projected to reach a revised size of US$519.3 Billion by 2027, growing at a CAGR of 5.2% over the analysis period 2020-2027. Non-Resilient Flooring, one of the segments analyzed in the report, is projected to record a 6% CAGR and reach US$240 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Soft Coverings segment is readjusted to a revised 4.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $98.2 Billion, While China is Forecast to Grow at 8.6% CAGR
The Flooring market in the U.S. is estimated at US$98.2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$112.3 Billion by the year 2027 trailing a CAGR of 8.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$70.4 Billion by the year 2027.

Resilient Flooring Segment to Record 4.3% CAGR
In the global Resilient Flooring segment, USA, Canada, Japan, China and Europe will drive the 4.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$54.2 Billion in the year 2020 will reach a projected size of US$71.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4.6% CAGR through the analysis period.

Select Competitors (Total 271 Featured) -

• Armstrong Flooring
• Beaulieu International Group
• Boral Limited
• Congoleum Corporation
• Dixie Group, Inc.
• Floorworld LLC
• Flowcrete Group Ltd
• Forbo Holding A.G
• Gerflor
• Interface, Inc.
• J&J Flooring Group LLC
• James Hallstead Plc
• LG Hausys Ltd
• Mannington Mills Inc.
• Milliken & Company.
• Mohawk Industries, Inc.
• Polyflor Canada Inc.
• Shaw Industries Group Inc.
• Swiss Krono Tec AG
• Tarkett S.A.
• TOLI Corporation

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