Commercial Flooring Market - Forecast(2024 - 2030)
Overview
The Commercial Flooring Market is
forecast to reach $110 billion by 2025, growing at a CAGR of 3.55% during 2020-2025.
Although the industry was hit hard in the North American and European regions,
by the economic downturn of the last decade, the flooring industry remains a
vital part of the economy and is projected to continue a healthy growth trend
throughout the remainder of the second decade of the 21st century. The report covers Commercial Flooring Market size by applications, Commercial Flooring Market share by top 5 companies and also the market share by start-ups during the forecast period.
Report Coverage
The report: “Commercial Flooring Market – Forecast (2020-2025)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Commercial
Flooring Market.
Key Takeaways
·
The Asia-Pacific region will contribute most of
the growth in global demand for floor coverings including both hard surface
flooring and carpets and rugs through 2020.
·
While non-resilient flooring products
represented the major share of global commercial flooring covering demand in
2018, flooring preferences vary significantly among individual regions and
countries.
·
Increasing demand for green buildings and the increasing
emission regulations going forward in the European countries will create huge
opportunities for the commercial flooring market.
By Application - Segment Analysis
The Construction sector is expected to grow strong in
economies such as India and Indonesia when comes to Asia-pacific region and in
Europe UK is a stand out growth market for construction, where as in the Latin
American region developing countries as such Brazil, Mexico and Argentina are
expected to witness good construction growth. The rising demand for green
buildings in the construction sector is driving the consumption of Commercial
flooring. Also, there is a rising demand for laminate wood flooring in North America and Europe
The commercial construction sector is directly related
to the construction spending by the governments of individual countries. Most
of the construction projects in this sector are sanctioned by the global governments
up to a certain extent due to the high risks and costs involved. Governments
around the world pay for commercial construction projects by using the money
generated by income taxes. Therefore, the GDP per capita plays an important
role in the commercial construction business, though it is not directly related
to the process itself.
Countries like Singapore, Qatar, UAE, Canada, and
Malaysia have scored high ranks in the annual Global Infrastructure Investment
Index for 2018. This essentially means that these countries are the most
attractive from an investment point of view for construction practices.
Geography - Segment Analysis
APAC dominated the commercial flooring market with a share of
more than 38%, followed by North America and Europe. The economy of APAC is
mainly influenced by the economic dynamics of countries such as China and
India, but with growing foreign direct investment for economic development of
South East Asia, the current scenario is changing. Globally, the commercial construction
sector is expected to stand out amongst the most dynamic industrial sectors in
the following fifteen years and is completely essential to the advancement of
prosperous societies around the world. This is also fueling the demand for Vinyl composite tiles. There is also rising consumption of quarry tiles for outdoor applications.
The commercial flooring market is
a $20 billion industry in North America that defines the livelihood of nearly
6,300 commercial flooring contractors, and almost 73,000 manufacturing
employees who produce flooring products, as well as the distributors that carry
these products. Major factors contributing in the growth of the market are
rapid urbanization, resurgence of construction industry, rising infrastructure
spending in both developed and developing nations, rising per capita income of
the population in emerging economies, rising demand for aesthetically appealing
products and technological advancements
Drivers – Commercial Flooring Market
·
Growing demand for Green
Buildings
A current survey
shows that global green building activity continued its ascent, with
significant increases expected in 19 countries over the next three years.
Almost half of the total respondents say they expect to build more than 60
percent of their projects as green buildings by 2021. Building owners,
especially, were excited about the growth in green building, with 57 percent
planning to make the majority of their projects green by 2021.
Challenges – Commercial Flooring Market
·
Rising Regulations
Vinyl flooring
is referred to as ‘resilient’ because it characteristically bounces back from
the weight of objects compressing its surface. Commercial vinyl flooring is
manufactured in either 305-mm or 230-mm (12-in. or 9-in.) square tiles, or
continuous sheets 2-m or 4-m (6-ft or 12-ft) wide. Floor tile is sold as either
solid vinyl or vinyl composition tile (VCT). Sheet flooring can be homogeneous,
inlaid, or layered composite. The rising concern of vinyl flooring is expected
to hamper t
Market Landscape
Technology launches, acquisitions and R&D
activities are key strategies adopted by players in the Commercial
Flooring market. In
2018, the top five players accounted for xx% of the share. Major players in the
Commercial Flooring Market Amtico, Changzhou Liberty Diseno New Material Co , Ltd, Congoleum,
Flowcrete, Forbo International Sa, Gerflor, Hanwha, Interface Inc, Ivc Group,
James Halstead Plc, Lg Hausys, Mannington Mill Inc, Milliken, Mohawk Industry, among
others.
1.1 Definitions and Scope
2. Commercial Flooring Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3. Commercial Flooring Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4. Commercial Flooring Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5. Commercial Flooring Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6. Commercial Flooring Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7. Commercial Flooring Market - Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8. Commercial Flooring Market - By Type (Market Size -$Million / $Billion)
LIST OF TABLES
1.Global Commercial Flooring:Product Estimate Trend Analysis Market 2023-2030 ($M)1.1 Soft Covering Market 2023-2030 ($M) - Global Industry Research
1.1.1 Healthcare Market 2023-2030 ($M)
1.1.2 Education Market 2023-2030 ($M)
1.1.3 Hospitality Leisure Market 2023-2030 ($M)
1.1.4 Retail Market 2023-2030 ($M)
1.1.5 Public Building Market 2023-2030 ($M)
1.1.6 Commercial Building Market 2023-2030 ($M)
1.2 Resilient Flooring Market 2023-2030 ($M) - Global Industry Research
1.3 Non-Resilient Flooring Market 2023-2030 ($M) - Global Industry Research
1.4 Seamless Flooring Market 2023-2030 ($M) - Global Industry Research
1.5 Wood Laminate Flooring Market 2023-2030 ($M) - Global Industry Research
2.Global Commercial Flooring:Application Estimate Trend Analysis Market 2023-2030 ($M)
3.Global Commercial Flooring:Product Estimate Trend Analysis Market 2023-2030 (Volume/Units)
3.1 Soft Covering Market 2023-2030 (Volume/Units) - Global Industry Research
3.1.1 Healthcare Market 2023-2030 (Volume/Units)
3.1.2 Education Market 2023-2030 (Volume/Units)
3.1.3 Hospitality Leisure Market 2023-2030 (Volume/Units)
3.1.4 Retail Market 2023-2030 (Volume/Units)
3.1.5 Public Building Market 2023-2030 (Volume/Units)
3.1.6 Commercial Building Market 2023-2030 (Volume/Units)
3.2 Resilient Flooring Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Non-Resilient Flooring Market 2023-2030 (Volume/Units) - Global Industry Research
3.4 Seamless Flooring Market 2023-2030 (Volume/Units) - Global Industry Research
3.5 Wood Laminate Flooring Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Commercial Flooring:Application Estimate Trend Analysis Market 2023-2030 (Volume/Units)
5.North America Commercial Flooring:Product Estimate Trend Analysis Market 2023-2030 ($M)
5.1 Soft Covering Market 2023-2030 ($M) - Regional Industry Research
5.1.1 Healthcare Market 2023-2030 ($M)
5.1.2 Education Market 2023-2030 ($M)
5.1.3 Hospitality Leisure Market 2023-2030 ($M)
5.1.4 Retail Market 2023-2030 ($M)
5.1.5 Public Building Market 2023-2030 ($M)
5.1.6 Commercial Building Market 2023-2030 ($M)
5.2 Resilient Flooring Market 2023-2030 ($M) - Regional Industry Research
5.3 Non-Resilient Flooring Market 2023-2030 ($M) - Regional Industry Research
5.4 Seamless Flooring Market 2023-2030 ($M) - Regional Industry Research
5.5 Wood Laminate Flooring Market 2023-2030 ($M) - Regional Industry Research
6.North America Commercial Flooring:Application Estimate Trend Analysis Market 2023-2030 ($M)
7.South America Commercial Flooring:Product Estimate Trend Analysis Market 2023-2030 ($M)
7.1 Soft Covering Market 2023-2030 ($M) - Regional Industry Research
7.1.1 Healthcare Market 2023-2030 ($M)
7.1.2 Education Market 2023-2030 ($M)
7.1.3 Hospitality Leisure Market 2023-2030 ($M)
7.1.4 Retail Market 2023-2030 ($M)
7.1.5 Public Building Market 2023-2030 ($M)
7.1.6 Commercial Building Market 2023-2030 ($M)
7.2 Resilient Flooring Market 2023-2030 ($M) - Regional Industry Research
7.3 Non-Resilient Flooring Market 2023-2030 ($M) - Regional Industry Research
7.4 Seamless Flooring Market 2023-2030 ($M) - Regional Industry Research
7.5 Wood Laminate Flooring Market 2023-2030 ($M) - Regional Industry Research
8.South America Commercial Flooring:Application Estimate Trend Analysis Market 2023-2030 ($M)
9.Europe Commercial Flooring:Product Estimate Trend Analysis Market 2023-2030 ($M)
9.1 Soft Covering Market 2023-2030 ($M) - Regional Industry Research
9.1.1 Healthcare Market 2023-2030 ($M)
9.1.2 Education Market 2023-2030 ($M)
9.1.3 Hospitality Leisure Market 2023-2030 ($M)
9.1.4 Retail Market 2023-2030 ($M)
9.1.5 Public Building Market 2023-2030 ($M)
9.1.6 Commercial Building Market 2023-2030 ($M)
9.2 Resilient Flooring Market 2023-2030 ($M) - Regional Industry Research
9.3 Non-Resilient Flooring Market 2023-2030 ($M) - Regional Industry Research
9.4 Seamless Flooring Market 2023-2030 ($M) - Regional Industry Research
9.5 Wood Laminate Flooring Market 2023-2030 ($M) - Regional Industry Research
10.Europe Commercial Flooring:Application Estimate Trend Analysis Market 2023-2030 ($M)
11.APAC Commercial Flooring:Product Estimate Trend Analysis Market 2023-2030 ($M)
11.1 Soft Covering Market 2023-2030 ($M) - Regional Industry Research
11.1.1 Healthcare Market 2023-2030 ($M)
11.1.2 Education Market 2023-2030 ($M)
11.1.3 Hospitality Leisure Market 2023-2030 ($M)
11.1.4 Retail Market 2023-2030 ($M)
11.1.5 Public Building Market 2023-2030 ($M)
11.1.6 Commercial Building Market 2023-2030 ($M)
11.2 Resilient Flooring Market 2023-2030 ($M) - Regional Industry Research
11.3 Non-Resilient Flooring Market 2023-2030 ($M) - Regional Industry Research
11.4 Seamless Flooring Market 2023-2030 ($M) - Regional Industry Research
11.5 Wood Laminate Flooring Market 2023-2030 ($M) - Regional Industry Research
12.APAC Commercial Flooring:Application Estimate Trend Analysis Market 2023-2030 ($M)
13.MENA Commercial Flooring:Product Estimate Trend Analysis Market 2023-2030 ($M)
13.1 Soft Covering Market 2023-2030 ($M) - Regional Industry Research
13.1.1 Healthcare Market 2023-2030 ($M)
13.1.2 Education Market 2023-2030 ($M)
13.1.3 Hospitality Leisure Market 2023-2030 ($M)
13.1.4 Retail Market 2023-2030 ($M)
13.1.5 Public Building Market 2023-2030 ($M)
13.1.6 Commercial Building Market 2023-2030 ($M)
13.2 Resilient Flooring Market 2023-2030 ($M) - Regional Industry Research
13.3 Non-Resilient Flooring Market 2023-2030 ($M) - Regional Industry Research
13.4 Seamless Flooring Market 2023-2030 ($M) - Regional Industry Research
13.5 Wood Laminate Flooring Market 2023-2030 ($M) - Regional Industry Research
14.MENA Commercial Flooring:Application Estimate Trend Analysis Market 2023-2030 ($M)
LIST OF FIGURES
1.US Commercial Flooring Market Revenue, 2023-2030 ($M)2.Canada Commercial Flooring Market Revenue, 2023-2030 ($M)
3.Mexico Commercial Flooring Market Revenue, 2023-2030 ($M)
4.Brazil Commercial Flooring Market Revenue, 2023-2030 ($M)
5.Argentina Commercial Flooring Market Revenue, 2023-2030 ($M)
6.Peru Commercial Flooring Market Revenue, 2023-2030 ($M)
7.Colombia Commercial Flooring Market Revenue, 2023-2030 ($M)
8.Chile Commercial Flooring Market Revenue, 2023-2030 ($M)
9.Rest of South America Commercial Flooring Market Revenue, 2023-2030 ($M)
10.UK Commercial Flooring Market Revenue, 2023-2030 ($M)
11.Germany Commercial Flooring Market Revenue, 2023-2030 ($M)
12.France Commercial Flooring Market Revenue, 2023-2030 ($M)
13.Italy Commercial Flooring Market Revenue, 2023-2030 ($M)
14.Spain Commercial Flooring Market Revenue, 2023-2030 ($M)
15.Rest of Europe Commercial Flooring Market Revenue, 2023-2030 ($M)
16.China Commercial Flooring Market Revenue, 2023-2030 ($M)
17.India Commercial Flooring Market Revenue, 2023-2030 ($M)
18.Japan Commercial Flooring Market Revenue, 2023-2030 ($M)
19.South Korea Commercial Flooring Market Revenue, 2023-2030 ($M)
20.South Africa Commercial Flooring Market Revenue, 2023-2030 ($M)
21.North America Commercial Flooring By Application
22.South America Commercial Flooring By Application
23.Europe Commercial Flooring By Application
24.APAC Commercial Flooring By Application
25.MENA Commercial Flooring By Application
26.Amtico, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.The Armstrong Flooring, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Changzhou Liberty Diseno New Material Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Congoleum, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Flowcrete, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Forbo International Sa, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Gerflor, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Hanwha, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Interface Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Ivc Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.James Halstead Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Lg Hausys, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Mannington Mill Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Milliken, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Mohawk Industry, Sales /Revenue, 2015-2018 ($Mn/$Bn)
41.Nora System, Sales /Revenue, 2015-2018 ($Mn/$Bn)
42.Novalis, Sales /Revenue, 2015-2018 ($Mn/$Bn)
43.Nox Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
44.Pergo, Sales /Revenue, 2015-2018 ($Mn/$Bn)
45.Polyflor Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
46.Shanghai Da Julong New Material Co. Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
47.Shaw Industry Group Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
48.Taj Flooring, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
49.Tkflor, Sales /Revenue, 2015-2018 ($Mn/$Bn)
50.Toli Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)