The Business Research Company’s report on the Commercial Flooring Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How have key drivers contributed to the rapid growth of the commercial flooring market?
Rapid urbanization is driving the growth of the commercial flooring market going forward. Urbanization refers to the shift of population from the countryside to the cities. This shift in population has resulted in the added requirement for housing and commercial businesses that have created an opportunity for increasing construction, thereby in turn driving the commercial flooring market. For instance, according to a report by Addis Ababa University Ethiopian Institute of Architecture, Building Construction, and City Development, an Ethiopia-based university, the global urban population is projected to grow by 6.3 billion in 2050. Furthermore, according to the report titled World Cities Report 2022 published by the United Nations Human Settlement Programme, a Kenya-based body of the United Nations, presently urban areas are home to 55% of the world’s population, and that figure is expected to grow to 68% by 2050. Therefore, the rise in urbanization drives the hook lifts and skips loaders market growth.
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How has the commercial flooring market size evolved, and what are the latest forecasts for its expansion?
The commercial flooring market size has grown strongly in recent years. It will grow from $65.91 billion in 2024 to $69.93 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to increased commercial construction projects, growth in design trends and aesthetics, increased demand for maintenance and durability, increased environmental and sustainability concerns, increased need for renovation and replacement needs.
The commercial flooring market size is expected to see strong growth in the next few years. It will grow to $91.27 billion in 2029 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to circular economy practices, emerging market demand, growing need for resilient and low-maintenance flooring, safety and slip resistance requirements, growing real estate. Major trends in the forecast period include flooring material innovation, advanced flooring installation methods, technological advancements, innovative solutions, and strategic collaborations.
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Which major companies dominate the commercial flooring market?
Major companies operating in the commercial flooring market include Mannington Mills Inc., Amtico International Inc., Mohawk Industries Inc., Flowcrete Group Ltd., Forbo Holding AG, Interface Inc., Gerflor SAS, Hanwha Group, Congoleum Corporation, NOX Corporation, Milliken & Company, LX Hausys, Tarkett S.A., Nora Systems Inc, James Halstead plc., Shaw Industries Group Inc., Beaulieu International Group, J+J Flooring Group, Roppe Holding Company, Burke Industries Inc., Flexible Steel Lacing Company., Altro Limited, Karndean Designflooring, Parterre Flooring Systems, Crossville Inc., American Biltrite Inc., Johnsonite Inc.
What trends will shape the future of the commercial boiler market?
Product innovation has emerged as a key trend gaining popularity in the commercial flooring market. Offering innovative products enables companies to remain relevant in their markets while also growing and improving over time. Major companies operating in the commercial flooring market are focused on offering innovative products to meet consumer demand. For instance, Welspun Flooring, an India-based flooring manufacturer for commercial and domestic use launched an anti-viral range of flooring solutions. This flooring comes with a special coating of silver ion and titanium oxide that inhibits the growth of the virus by 99.68%, including the COVID-19 virus. Unique features of the flooring also include anti-bacterial, anti-fungal, and anti-microbial qualities. The anti-microbial layer shields the flooring against stains and discoloration brought on by bacteria and fungi, as well as the undesirable odour in carpet tiles. With this process, the products are additionally protected from microorganisms including home dust mites, algae, and fungi. It actively suppresses the growth of microorganisms inside items.
Which region dominates the commercial flooring market, and what factors contribute to its leadership?
North America was the largest region in the commercial flooring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the commercial flooring market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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How is the commercial flooring market segmented, and which segment holds the largest share?
The commercial flooring market covered in this report is segmented –
1) By Product: Soft Covering Flooring, Resilient Flooring, Non-Resilient Flooring, Seamless Flooring, Wood and Laminate
2) By Distribution Channel: Retail, Wholesale and Distributor Business Trend
3) By Application: Healthcare, Education, Hospitality, Retail, Public Buildings, Other Applications
Subsegments:
1) By Soft Covering Flooring: Carpet Tiles, Broadloom Carpets, Area Rugs
2) By Resilient Flooring: Vinyl Flooring, Luxury Vinyl Tiles (LVT), Rubber Flooring
3) By Non-Resilient Flooring: Ceramic and Porcelain Tiles, Stone Flooring, Concrete Flooring
4) By Seamless Flooring: Epoxy Flooring, Polyurethane Flooring, Self-Leveling Flooring
5) By Wood and Laminate: Hardwood Flooring, Engineered Wood Flooring, Laminate Flooring
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What defines the structure and scope of the commercial flooring market?
Commercial flooring is a durable flooring material made from a combination of natural and synthetic polymer materials. It’s found everywhere from hotel lobbies and office foyers to schools and hospitals. It is rapidly being adopted in more and more places due to its design and material innovations.
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