The Modular Flooring Global Market Report 2023, provides comprehensive information on the modular flooring market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Modular Flooring Global Market Report 2023, the global modular flooring market size is expected to grow from $54.55 billion in 2022 to $58.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global modular flooring market size is expected to reach $74.92 billion in 2027 at a CAGR of 6.3%.
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Product innovations have emerged as the key trend gaining popularity in the modular flooring market. Major companies operating in the modular flooring market are developing innovative products to strengthen their position in the market. For instance, in February 2020, Patcraft, a Georgia-based company, launched Organic Interruption, a new modular flooring collection. The unique features of Organic Interruption involve the two 18″ x 36″ carpet tiles exhibiting linear patterns interrupted by organic textures, resulting from a natural interaction between organic materials and man-made structures. The Organic Interruption is designed to handle market-driven developments inside educational environments.
The modular flooring market is segmented:
1) By Product Type: Ceramic, Rubber, Carpet Tile, Rigid LVT, Polyolefin (Non-vinyl), Flexible LVT, Others Product Types
2) By Components: Polyvinyl Chloride Resins, Plasticizers, Trace Stabilizers, Pigments, Other Components
3) By End Users: Retail, Healthcare, Education, Household, Workplace, Other End Users
Asia Pacific was the largest region in the modular flooring market in 2022.
The table of contents in TBRC’s modular flooring market report includes:
1. Executive Summary
2. Modular Flooring Market Characteristics
3. Modular Flooring Market Trends And Strategies
4. Modular Flooring Market – Macro Economic Scenario
5. Modular Flooring Market Size And Growth
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26. Africa Modular Flooring Market
27. Modular Flooring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Modular Flooring Market
29. Modular Flooring Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players
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