The scope of our recent study on the "Flooring Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Product Type, Type, and Application" includes the factors fueling the flooring market growth, revenue estimation, and forecast, market share analysis, and the identification of significant market players and their key developments.

The flooring market size was valued at US$ 379.71 billion in 2024 and is expected to reach US$ 622.62 billion by 2031; it is estimated to register a CAGR of 7.6% from 2025 to 2031.

Increasing infrastructure investments globally are a primary driver propelling the flooring market forward. The World Bank reported in 2024 that global infrastructure spending reached US$ 2.5 trillion, with significant allocations toward roads, public buildings, and residential projects, particularly in developing regions. This surge is fueled by government initiatives to modernize urban centers and improve living standards, such as China's Belt and Road Initiative and India's infrastructure development plans. These projects require vast quantities of flooring materials, including ceramic tiles, concrete, and vinyl, to outfit new schools, hospitals, offices, and transportation hubs, creating a robust demand pipeline.

The driver is particularly strong in emerging markets, where rapid population growth and urbanization necessitate large-scale construction. For instance, Africa's infrastructure gap, estimated at $130-170 billion annually, is being addressed through investments in affordable housing and commercial spaces, directly boosting the need for cost-effective flooring solutions. In developed regions like North America and Europe, infrastructure upgrades-such as retrofitting aging buildings or expanding public facilities-also contribute, with a focus on durable and sustainable materials. This widespread investment activity ensures a steady flow of contracts for flooring manufacturers and suppliers.

The expansion into green building certifications presents a significant opportunity for growth in the global flooring market. The U.S. Green Building Council reported in 2024 that LEED-certified buildings increased by 40% globally over the past five years, reflecting a strong demand for environmentally friendly construction practices. This trend opens a niche for flooring manufacturers to develop and market products that meet strict sustainability criteria, such as low VOC emissions, recycled content, and energy-efficient production processes. Certifications like LEED, BREEAM, and WELL provide a framework for companies to differentiate their offerings, appealing to eco-conscious consumers and businesses.

This opportunity is particularly lucrative in regions with robust green building policies, such as Europe and North America, where governments incentivize sustainable development through tax breaks and subsidies. For example, flooring made from bamboo, cork, or reclaimed wood can earn points toward certification, attracting developers of commercial spaces like offices and hospitals. In emerging markets like India and Brazil, where green building standards are gaining traction, manufacturers can tap into government-backed projects aiming to reduce carbon footprints, creating a new revenue stream as urban areas prioritize sustainability.

Based on the product type, the flooring market is segmented into LVT and VCT, rubber, solid hardwood floorings, ceramic tile, concrete, granite tile, terrazo, limestone tile, marble tile, carpets and rugs, laminate flooring, and others. The ceramic tile segment held the largest share of the flooring market in 2024. The trend toward sustainable building practices supports the segment's leadership. Ceramic tiles are often made from natural materials like clay and can be produced with energy-efficient processes, aligning with eco-friendly consumer preferences and green building certifications. This sustainability aspect, coupled with government initiatives promoting affordable housing and infrastructure development (e.g., India's Smart Cities Mission), has further boosted demand. As a result, the ceramic tile segment's ability to meet both functional and aesthetic needs while remaining economically viable has enabled it to capture the largest market share in 2024.

In terms of type, the market is segmented into resilient flooring, non-resilient flooring, and soft floor covering. The non-resilient flooring segment held the largest share of the flooring market in 2024, and the resilient flooring segment is expected to register the highest CAGR from 2025 to 2031. The non-resilient flooring segment, which includes materials like ceramic tiles, concrete, granite, and marble, held the largest share of the flooring market in 2024 due to its exceptional durability, versatility, and widespread use in high-traffic areas. These materials are favored in residential, commercial, and industrial settings, particularly in regions experiencing rapid urbanization and infrastructure growth, such as the Asia-Pacific and North America. Their resistance to wear, moisture, and stains, combined with a broad range of aesthetic options, makes them a preferred choice for new constructions and renovations, driving their market leadership as of 2025. The resilient flooring segment, encompassing luxury vinyl tiles (LVT), vinyl composition tiles (VCT), and rubber flooring, is expected to register the highest Compound Annual Growth Rate (CAGR) from 2025 to 2031 due to its growing popularity for its flexibility, affordability, and ease of installation. This segment benefits from increasing demand for low-maintenance and sustainable flooring options, particularly in residential upgrades and commercial spaces like offices and healthcare facilities. Innovations such as water-resistant and eco-friendly formulations, along with the trend toward smart and modular flooring, are poised to fuel its rapid expansion over the forecast period.

The flooring market is segmented into five main regions-North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Asia Pacific is estimated to register the fastest CAGR in the global flooring market from 2025 to 2031 due to factors such as rapid urbanization, increasing construction activities, and rising demand for diverse flooring solutions in emerging economies like China and India. Additionally, growing investments in infrastructure and a burgeoning middle class with higher disposable income are likely driving the demand for modern and sustainable flooring materials, positioning the Asia Pacific as a key growth engine in the global flooring market over the specified period.

Technological advancements and innovations in flooring materials, such as eco-friendly and durable options, are expected to accelerate growth in the Asia Pacific region further. Government initiatives promoting green building practices and the adoption of smart infrastructure are also contributing to this trend. With a large population base and an expanding real estate sector, Asia Pacific's dynamic market conditions make it well-poised to outperform other regions, reinforcing its leadership in the global flooring market through 2031.

Global Flooring Market Breakdown - by Region

The report includes the segmentation of the global flooring market as follows:

The global flooring market is segmented based on product type, type, application, and geography. Based on product type, the market is segmented into LVT and VCT, rubber, solid hardwood floorings, ceramic tile, concrete, granite tile, terrazo, limestone tile, marble tile, carpets and rugs, laminate flooring, and others. In terms of type, the flooring market is categorized into resilient flooring, non-resilient flooring, and soft floor covering. Based on application, the global flooring market is segmented into residential, commercial, institutional, and industrial. The scope of the flooring market report focuses on North America (the US, Canada, and Mexico), Europe (Germany, France, the UK, Italy, Russia, and the Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Contact Us
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com