Hard Surface Flooring Market Growth Drivers, Growth Rate And Forecast To 2033

Overview and Scope

Hard surface flooring is flooring that is long-lasting, non-porous, and wear-resistant and comprises materials like hardwood, laminate, tile, vinyl, and concrete to provide a solid and durable surface for residential and commercial areas. It offers a stable and easy-to-clean choice for a range of indoor locations.

 

Sizing and Forecast

The hard surface flooring market size has grown strongly in recent years. It will grow from $38.24 billion in 2023 to $40.54 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%.  The growth in the historic period can be attributed to urbanization, population growth, housing market expansion, economic development, lifestyle changes.

 

The hard surface flooring market size is expected to see strong growth in the next few years. It will grow to $49.66 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.  The growth in the forecast period can be attributed to sustainable building practices, demand for luxury and customized flooring, increased residential and commercial construction, growth in the real estate market, renovation and remodeling activities. Major trends in the forecast period include rising popularity of luxury vinyl tiles, increased focus on sustainable and eco-friendly flooring options, integration of digital printing technology, demand for seamless and low-maintenance flooring solutions, growing interest in modular and customizable flooring designs.

 

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Segmentation & Regional Insights

The hard surface flooring market covered in this report is segmented –

1) By Material Type: Vinyl Flooring, Vinyl Sheet, Vinyl Composition Tile, Rubber Flooring, Cork Flooring, Asphalt Flooring, Linoleum Flooring, Other Materials

2) By Surface Type: Seamless Flooring, Wood Flooring, Laminate Flooring

3) By Installation Type: Glue-Down, Floating, Nail Or Staple, Click-Lock

4) By Distribution Channel: Online Retail, Offline Retail, Other Distribution Channels

5) By Application: Residential Buildings, Nonresidential Buildings, Transportation

 

North America was the largest region in the hard surface flooring market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hard surface flooring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

 

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Major Driver Impacting Market Growth

The increasing construction activities are expected to propel the growth of the hard surface flooring market going forward. Construction activities refer to a process concerned with the act or process of building, how something is built, and the finished construction or installation. Hard-surface flooring is a long-lasting, dependable, and simple-to-maintain building material. Hard-surface flooring serves practical and decorative purposes in buildings, making it a popular option for commercial and residential areas. These benefits include ease of maintenance, functionality, customization, and long-lastingness. For instance, in September 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, increasing construction activities are driving the growth of the hard surface flooring market.

 

Key Industry Players

Major companies operating in the hard surface flooring  market report are Mohawk Industries Inc., Shaw Industries Group Inc., Tarkett S.A., Beaulieu International Group, Dal-Tile International Inc., Forbo Holding AG, Interface Inc., LL Flooring Holdings Inc., Gerflor Group, Mannington Mills Inc., Armstrong Flooring Inc., Polyflor Ltd., Congoleum Corporation, Emser Tile LLC., Crossville Inc., Somerset Hardwood Flooring Inc., Boa-Franc Inc., Roppe Corporation, Karndean International Limited, Quickstep, Marazzi Group S.R.L., Faus Group Inc., NOX Corporation, Mullican Flooring L.P., Provenza Floors Inc., Urban Global LLC., Novabell S.P.A., Kentwood Floors Inc., Us Floors Inc., Johnsons Premium Hardwood Flooring Inc.

 

The hard surface flooring market report table of contents includes:

1. Executive Summary
2. Hard Surface Flooring Market Characteristics
3. Hard Surface Flooring Market Trends And Strategies
4. Hard Surface Flooring Market – Macro Economic Scenario
5. Global Hard Surface Flooring Market Size and Growth
6. Hard Surface Flooring Market Segmentation
7. Hard Surface Flooring Market Regional And Country Analysis

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34. Key Mergers And Acquisitions In The Hard Surface Flooring Market
35. Hard Surface Flooring Market Future Outlook and Potential Analysis
36. Appendix

 

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Hard Surface Flooring Market, Segmentation By Material Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Hard Surface Flooring Market, Segmentation By Surface Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Hard Surface Flooring Market, Segmentation By Installation Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 76: Mohawk Industries Inc. Financial Performance

Table 77: Shaw Industries Group Inc. Financial Performance

Table 78: Tarkett S.A. Financial Performance

Table 79: Beaulieu International Group Financial Performance

Table 80: Dal-Tile International Inc. Financial Performance

 

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