Design Trends Bolster Hard Surface Flooring's Dominant Position in Global Flooring Market

News provided by

May 26, 2021, 10:17 ET

CLEVELAND, May 26, 2021 /PRNewswire/ -- A new Freedonia Group analysis projects global demand growth for hard-surface flooring to continue to outpace that of carpets and rugs and strengthen its already-dominant position in the global flooring market, which totaled 19.4 billion square meters in 2019.

Although there is some differentiation by region, a number of factors are boosting use of hard surface flooring around the world:

Both residential and nonresidential users in the large US market will increasingly opt for hard surface flooring over carpeting because of its longer lifespan, low maintenance, and ability to improve indoor air quality.
Hard surface flooring products will increasingly be used developing countries as larger shares of the population formalize their housing, leading to the installation of finished flooring.
Consumers around the world are increasingly specifying luxury vinyl tile (LVT) products because they have superior performance properties and are increasingly available in more attractive surfaces.

Trends in Resilient vs. Non-Resilient Hard Surface Flooring

The Freedonia Group forecasts demand for hard-surface flooring to increase 2.9% per year to 17.0 billion square meters in 2024.

Non-resilient (i.e., inflexible) flooring, which comprises a wide range of product types – including ceramic, wood, and laminate flooring – is the largest discreet flooring product category on both a value and a volume basis, and will continue to account for a majority of global market gains through 2024. Ceramic will continue to account for the majority of non-resilient flooring demand, in part due to the concentration of ceramic flooring markets in fast-growing developing nations.

The smaller resilient flooring market comprises products characterized by their flexibility or give. Vinyl flooring – which includes vinyl sheet, vinyl composition tile (VCT), and LVT – is by far the most common type of resilient flooring. Other resilient flooring products include linoleum, cork, rubber, leather, and asphalt. Vinyl products – particularly LVT – are expected to register strong growth because of their favorable aesthetics and performance properties.

Want to Learn More?

Global Flooring is now available from the Freedonia Group. This study examines global supply and demand for flooring. Historical data (2009, 2014, and 2019) and forecasts for 2024 and 2029 are provided for flooring demand by product and market, net exports, and shipments by product (nonresilient and resilient flooring, and carpets and rugs) on a country-by-country basis.

Flooring is segmented into:

nonresilient flooring: ceramic (e.g., glazed tiles, unglazed tiles, mosaic tile); wood (solid wood and engineered wood); laminate (e.g., high pressure, direct pressure); and other nonresilient flooring, including bamboo, stone, glass, metal, seamless, and plastic grating
carpets and rugs: tufted (e.g., broadloom, vehicular carpet, carpet tiles, scatter rugs, artificial grass); woven (e.g., Axminster, Wilton, prayer rugs); and other carpets and rugs, including needlepunched, knotted, knitted, and braided
resilient flooring: vinyl (e.g., vinyl sheet; vinyl composition tile; luxury vinyl tile; hybrid product such as wood-plastic composite, solid polymer core); and other resilient flooring (e.g., linoleum, cork, rubber, asphalt, leather)

Flooring demand by market is presented for:

new residential construction
residential improvement and repair
new nonresidential construction
nonresidential improvement and repair
transportation equipment and other markets (freight vehicles such as trucks ships and rail cars; fleet vehicles such as taxis and police cars; recreational vehicles; recreational boats; aircraft; nonbuilding structures)

About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.

Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]

SOURCE The Freedonia Group