| Status : Published | Published On : Jan, 2024 | Report Code : VRCH2092 | Industry : Chemicals & Materials | Available Format :
|
Page : 200 |
Global Commercial Flooring Market – Analysis and Forecast (2025-2030)
Industry Insight by Product (Soft Cover Flooring, Resilient Flooring, Non-Resilient Flooring, Seamless Flooring, and Wood & Laminates), by Application (Healthcare, Education, Leisure & Hospitality, Retail, Commercial Buildings, and Public Buildings), and Geography (North America, Europe, Asia-Pacific, Middle East, and Rest of the World)
Industry Overview
The Global Commercial Flooring Market is expected to reach USD 95.4 billion by 2030 from USD 55.69 in 2023, registering a CAGR of 5.25% during the forecast period 2025 - 2030.
Commercial floors, typically meant for commercial locations, meet the desired specifications in terms of dimensions, durability, strength, and more. Ideally, these requirements are much different from those of residential flooring. Moreover, such floorings often need soundproofing and must be moisture-resilient as well. This prevents the floors from bubbling or decaying. Consequently, most commercial facilities prefer synthetic flooring over regular flooring like wood that cannot stand frequent cleanings.
The commercial flooring market of the world is expected to have a significant impact in terms of its growth due to the growing investments of governments worldwide in educational infrastructure to develop it further. A couple of initiatives worth mentioning are Utkarsh Bangla Scheme and Padhe Bharat Badhe Bharat. All these will have a positive impact on the market due to greater consumption of flooring construction supplies during the forecast period.
Market Segmentation
Insight by Product
Based on the products, the global commercial flooring market is divided into several segments, such as resilient flooring, non-resilient flooring, soft cover flooring, wood & laminates, and seamless flooring.
Out of these, the soft cover flooring segment is the largest contributor due to its diverse product range, such as rugs, carpets, and broadlooms. Again, out of these, the carpets segment is expected to do well within the forecast period due to its growing use in HVAC clean rooms and the healthcare sector.
On the other hand, the resilient flooring segment is also expected to do well in this period due to a higher CAGR for its unique attributes, such as flexes, weight-bearing ability, and additional cushioning, which are found lacking in the non-resilient floors, such as concrete, slate, and marble.
Insight by Application
Based on the applicability, the market is categorized into education, healthcare, retail, leisure &hospitality, public, and commercial buildings. Out of these, the public buildings segment is expected to grow faster than the others due to extensive use in government offices, municipal corporations, and religious institutions. These sites need durable, strong, and resilient flooring due to higher foot traffic, pushing the growth of the commercial flooring market further in the forecast period.
The healthcare sector, on the other hand, will also grow significantly due to a higher CAGR and increased usage in hospital halls, intensive, care units, diagnostics centers, and more.
Global Commercial Flooring Market Report Coverage
|
Report Metric |
Details |
|
Historical Period |
2018 - 2023 |
|
Base Year Considered |
2024 |
|
Forecast Period |
2025 - 2030 |
|
Market Size in 2023 |
U.S.D. 55.69 Billion |
|
Revenue Forecast in 2030 |
U.S.D. 95.4 Billion |
|
Growth Rate |
5.25% |
|
Segments Covered in the Report |
By Product and By Application |
|
Report Scope |
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling |
|
Regions Covered in the Report |
North America, Europe, Asia-Pacific, Middle East, and Rest of the World |
Industry Dynamics
Growth Drivers
There has been a drastic development in the technological arena, aiding the manufacturing of better flooring materials. This has resulted in the growth of the global commercial flooring market.
Also, this has resulted in better alternatives to carpet and vinyl flooring, such as PVC-free vinyl flooring. Deployed by using adhesives, these specific types of flooring are more effective due to their resilient structure. This not only prevents wear and tear due to heavy furniture placed on them but also protects against the side effects of moisture and alkalinity.
Government expenditure has risen significantly over the years in home renovation and other remodeling process. Apart from that, the automobile industry has been growing significantly over the years needing strong car flooring. The major players in this industry improved product quality with upgraded variations and better services such as virtual assistance and online support to entice more customers.
There is a rise in green buildings in the commercial sector to reduce the consumption of energy and boost indoor air quality.The rise in consumer awareness for environmentally friendly and low-cost flooring materials like bamboo, glass, linoleum, salvaged hardwood, polyester, and others has also influenced the growth of the market.
Challenges
The cost of raw materials has been rising significantly over the years.Natural resources like wood and fibers are used excessively.Add to that, the VOCrules and regulations are stricter concerning supporting materials and carpet padding. However, all these are liberated and more favorable now, paving the growth prospects of the global commercial flooring market.
Opportunities
The market has huge potential that fuels its growth. Additionally, the growing demand for comfortable, convenient, and lightweight floor coverings like fired tiles, wood, and carpets also adds to the growth opportunities since they emit lessvolatile organic compounds (VOCs). Apart from that, better product manufacturing that reduces installation time also enhances the growth potential of the global commercial flooring market. Also, developing countries like India, Mexico, Taiwan, and others are creating better industrial hubs. This increases the number of factories. Moreover, a large section of the population in these countries is moving close to these hubs resulting in the expansion of the existing towns or development of new cities.
Geographic Overview
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
The global commercial flooring market can be divided into four major regions, such as North America, Europe, Asia Pacific, and the Rest of the World.
Out of these, the Asia-Pacific region is expected to have a high CAGR in the forecast period. This is mainly due to higher investments in the manufacturing sectors in developing countries like India and China due to the favorable regulatory measures and support from the governments. This increases the number of commercial spaces and thereby propels the demand for commercial flooring. Also, in developing countries, there is rapid urbanization, which has resurrected the building industry and increased infrastructure spending.
On the other hand, higher per capita income is the major contributor to the growth of this market in the North American and European regions.
Competitive Insight
The commercial flooring market is dynamic due to a significant number of world-class manufacturers. To entice customers, prominent industry participants are providing online services such as enhanced catalogs and virtual assistants. They are also focused on improving material quality and replacing traditional materials with upgraded variations, which is boosting the market growth. Furthermore, increased consumer awareness of low-cost and environmentally friendly flooring materials such as glass, bamboo, linoleum, polyester, and salvaged hardwood is positively influencing the market.
Key Players Covered in the Report
Some of the major players operating in the global commercial flooring market include LG Hausys, Nora, Flowcrete Group Ltd., Milliken & Company, James Halstead PLC, Novalis, Tajima Flooring, NOX Corp., TOLI Corporation, and TKflor.
Recent Development by Key Players
Flowcrete (a brand of Tremco CPG UK) has won the award for Largest Commercial Project alongside Advanced Traditional Screeding (ATS) at the 2023 FeRFA Awards. This recognition marks a significant achievement for the Flowcrete brand and underscores its commitment to achieving the best in the Resin Flooring Industry.
NOX (Global Leader in Flooring) has introduced Bio-Circular Balanced PVC to its entire products. This product shall replace more than 95% of the main raw materials constituting flooring materials with sustainable raw materials.
The Commercial Flooring Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- By Product
- Soft Cover Flooring
- Rugs
- Broadlooms
- Carpets
- Resilient Flooring
- Non-Resilient Flooring
- Seamless Flooring
- Wood & Laminates
- Soft Cover Flooring
- By Application
- Healthcare
- Education
- Leisure & Hospitality
- Retail
- Commercial Buildings
- Public Buildings
Region Covered in the Report
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
.png "Commercial Flooring Market Size and Market Analysis")
To explore more about this report - Request a free sample copy
Frequently Asked Questions
Purchase Options
Latest Report
Research Methodology
- Desk Research / Pilot Interviews
- Build Market Size Model
- Research and Analysis
- Final Deliverabvle
Connect With Our Sales Team
- Toll-Free: 1 888 253 3960
- Phone: +91 9960 288 381
- Email: enquiry@vynzresearch.com
Commercial Flooring Market