Flooring Market - Forecast (2022 - 2027)

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Flooring Market Forecast (2022 - 2027)
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• Flooring Market size is forecast to reach US
  252.0 billion by 2026, after growing at a CAGR of
  6.1 during 2021-2026. Growth of the flooring
  market is mainly attributed to its wide-ranging
  applications across various residential and
  construction sectors. Growing demand for flooring
  material in the rising residential sector is
  anticipated to drive the growth of the market.
• Additionally, the growing demand for hard
  flooring, which has alluring properties such as
  being more useful, easy to use, and install in
  remodeling and renovation projects, is expected
  to boost the flooring industry. 

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• Key Takeaways
• Increasing demand for hard flooring such as vinyl
  sheet tiles due to added value qualities
  including scratch and slip resistance,
  waterproofness, and eco-friendliness, growing at
  a faster pace than demand for hardwood or
  manufactured wood products is anticipated to
  drive the market growth.
• Rising usage of ceramic tiles due to the
  durability, stain resistance, water resistance,
  flexibility, and esthetic design, in the
  residential and commercial construction sector
  will raise the demand for hard flooring in the
  upcoming years.
• Moreover, the building industry in several
  countries is expected to continue to rebound
  after many years of stagnation, boosting demand
  for flooring goods.

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By Distribution Channel- Segment Analysis Hard
flooring held the largest share of 73.6 by
revenue in the flooring market in 2020. Hard
flooring includes concrete or cement, ceramic
tile, glass tiles, and natural stone products
that are used primarily in commercial,
residential, and institutional applications.
Hardwood floorings are available in different
natural shades and variety of interior and
exterior decor themes. Also, these are more
hygienic when compared with carpets. Since hard
flooring includes natural and artificial
materials, they are not flexible and do not bend
when stepped on. 
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• Flooring Market  Industry Outlook
• Mohawk Industries Inc.,
• Shaw Industries Group Inc.,
• Tarkett S.A.,
• Armstrong Flooring,
• Interface Inc.,
• Gerflor Flooring,
• Mannington Mills Inc.,
• Forbo Holding AG,
• Beaulieu International Group,
• TOLI Corporation

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Flooring Market  - Forecast (2022-2027) Learn
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