The global Flooring market size was USD 91000 million in 2022 and is expected to reach a value of USD 129521.37 million in 2032 and register a revenue CAGR of 4% during the forecast period.The market's expansion may be ascribed to a variety of reasons, including increased demand for sustainable and eco-friendly flooring solutions, rising consumer preference for aesthetically pleasing interiors, and rising investments in the construction industry globally.
With increased environmental awareness, consumers are looking for flooring solutions that are built from renewable and recyclable materials and have a low environmental impact. Carpet tiles, Vinyl Flooring, and linoleum flooring are becoming increasingly popular due to their sustainable and eco-friendly features.
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Competitive Landscape:
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as license agreements, partnerships, merger and acquisitions, collaborations, RD investments, and joint ventures to gain robust footing in the market.
Major Companies:
- Mohawk Industries
- Shaw Industries Group
- Tarkett
- Interface, Inc.
- Mannington Mills
- Armstrong Flooring
- Beaulieu International Group
- Balta Group
- Milliken Company
- Forbo Holding
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Flooring Market Segmentation:
Type Outlook:
- Carpet Tiles
- Broadloom Carpet
- Vinyl Flooring
- Rubber Flooring
- Cork Flooring
- Others
End-Use Outlook:
- Residential
- Commercial
- Industrial
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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