Flooring Market Size, Share, Competitive Landscape and Trend Analysis Report

According to a new report published by Allied Market Research, titled “Flooring Market," the flooring market was valued at $320.3 billion in 2021 and is projected to reach $558.2 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.

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The flooring market encompasses various types of printed flooring solutions, divided into digital and traditional printing methods. The traditional segment held the highest market share in 2021, driven by numerous small-scale businesses engaged in traditional printing. On the basis of material, the ceramic segment dominated the market due to its easy availability, affordability, and low maintenance. The market is further analyzed across residential and non-residential building end users, with the non-residential segment expected to grow at a higher CAGR during the forecast period. The market's growth is primarily fueled by the increase in construction activities resulting from rapid urbanization and population growth, particularly in Asia-Pacific and LAMEA. However, stringent government policies in major countries worldwide may restrain the market growth.

In 2021, Asia-Pacific accounted for the largest market share in terms of revenue. The market in LAMEA is expected to grow at a high CAGR due to increasing urbanization in the region.

The rise in public-private partnerships (PPPs) globally is anticipated to boost the number of non-residential buildings. Additionally, growing public awareness regarding environmental protection has increased the demand for sustainable products. Key market players are responding by introducing eco-friendly and sustainable products. For example, in November 2021, Lord Parquet, a flooring manufacturer, unveiled a 100% recyclable flooring solution featuring a non-PVC core made of 100% degradable polyethylene.

However, the COVID-19 pandemic forced various manufacturers in the flooring market to halt operations in countries like China, the U.S., and India, directly impacting sales. The lack of manpower and raw materials further constrained supply and negatively affected market growth. Nevertheless, following the introduction of COVID-19 vaccinations and the subsequent reduction in the pandemic's severity, key market players are rapidly recovering.

Key Findings of the Study

• The report provides an extensive analysis of current and emerging flooring market trends and dynamics.
• Based on printing type, the traditional segment dominated the flooring market in terms of revenue in 2021, while the digital segment is projected to grow at a significant CAGR during the forecast period.
• By material, ceramic held the highest market share in 2021 in terms of revenue.
• By end-user industry, the non-residential segment is expected to grow at a higher CAGR during the forecast period.
• LAMEA is projected to register the highest growth rate in the coming years.
• The key players within the flooring market are profiled in this report, and their strategies are thoroughly analyzed, providing a comprehensive understanding of the competitive outlook of the flooring industry.
• The report offers an extensive analysis of current trends and emerging opportunities in the market.
• In-depth flooring market analysis is conducted by constructing estimations for key segments between 2021 and 2031.

Key companies profiled in the flooring market report include Armstrong Flooring, AZEK Company, Beaulieu International Group, Citadel Floors, Ebaco India Pvt. Ltd., ECORE International, Inc., Fiberon, Forbo Flooring, Gerflor, Interface Inc., Iron Woods, Mats Inc., Milliken and Company, Mohawk Industries Inc., Shaw Industries, Tarkett S.A., and Toli Corporation.

Full Report@ https://www.alliedmarketresearch.com/flooring-market-A20224