Hard-Surface Flooring Market – Industry Trends and Forecast for period from 2024 to 2031
The "Hard-Surface Flooring Market" prioritizes cost control and efficiency enhancement. Additionally, the reports cover both the demand and supply sides of the market. The Hard-Surface Flooring market is anticipated to grow at an annual rate of 13.3% from 2024 to 2031.
This entire report is of 183 pages.
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Hard-Surface Flooring Market Analysis
The hard-surface flooring market research report highlights the growing demand for durable, easy-to-maintain flooring solutions in residential and commercial spaces. The target market includes homeowners, contractors, architects, and interior designers seeking high-quality and aesthetically pleasing flooring options. Major factors driving revenue growth in the hard-surface flooring market include increasing urbanization, renovation and remodeling activities, and rising disposable income. Key players in the market such as Mohawk Industries, Tarkett, Armstrong Flooring, and Mannington Mills are focusing on product innovation and expanding their distribution networks to capture larger market share. The report recommends leveraging technology, investing in research and development, and strengthening customer relationships to sustain growth in the competitive hard-surface flooring market.
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The hard-surface flooring market is experiencing growth with various types such as ceramic, wood and laminate, vinyl, and other options. These flooring types are commonly used in residential buildings, nonresidential buildings, and transportation segments.
Regulatory factors specific to the market conditions play a crucial role in shaping the industry. Regulations related to environmental sustainability, product safety, and installation standards impact the manufacturing and selling of hard-surface flooring products. Legal factors, such as liability issues and consumer protection laws, also influence the market dynamics.
Overall, the hard-surface flooring market is competitive and constantly evolving with changing regulatory and legal landscapes. Manufacturers and distributors in this industry must stay informed about the latest regulations and consumer trends to ensure compliance and meet the demands of the market. As the market continues to grow, it is essential for businesses to adapt to changing regulatory and legal factors to maintain a competitive edge in the industry.
Top Featured Companies Dominating the Global Hard-Surface Flooring Market
The hard-surface flooring market is highly competitive, with key players such as Mohawk Industries, Tarkett, Armstrong Flooring, Mannington Mills, Congoleum, Crossville, Florida Tile, Interceramic, Kronotex, Mullican Flooring, and RPM International leading the industry. These companies offer a wide range of hard-surface flooring options including laminate, vinyl, hardwood, and tile.
Mohawk Industries, one of the largest players in the market, utilizes advanced technology and innovation to produce high-quality flooring products. Tarkett focuses on sustainable and environmentally friendly flooring solutions, while Armstrong Flooring is known for its durable and stylish designs. Mannington Mills, Congoleum, and Crossville also offer a variety of hard-surface flooring options to cater to different consumer needs.
Florida Tile, Interceramic, and Kronotex are known for their premium quality and unique designs, appealing to customers looking for luxury flooring options. Mullican Flooring specializes in hardwood flooring, offering a wide range of finishes and styles to choose from. RPM International, a global leader in specialty coatings and sealants, provides innovative solutions for hard-surface flooring maintenance and protection.
These companies play a crucial role in driving growth in the hard-surface flooring market by continuously expanding their product offerings, investing in research and development, and implementing effective marketing strategies. In terms of sales revenue, Mohawk Industries reported revenue of over $10 billion in 2020, while Tarkett generated around $3 billion in revenue. Armstrong Flooring's sales revenue for the same year was approximately $710 million. These companies are expected to continue driving growth in the hard-surface flooring market through their innovative products and strategic initiatives.
Mohawk IndustriesTarkettArmstrong FlooringMannington MillsCongoleumCrossvilleFlorida TileInterceramicKronotexMullican FlooringRPM International
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Hard-Surface Flooring Segment Analysis
Hard-Surface Flooring Market, by Application:
Residential BuildingsNonresidential BuildingsTransportation
Hard-surface flooring is commonly used in residential buildings, providing durable and easy-to-clean options such as hardwood, laminate, or tile. In nonresidential buildings, hard-surface flooring is popular for its longevity and aesthetic appeal, often seen in commercial spaces like offices and retail stores. Additionally, in transportation settings, hard-surface flooring is utilized for its low maintenance and durability in high traffic areas like airports and train stations. The fastest growing application segment in terms of revenue is nonresidential buildings due to the increasing demand for stylish and long-lasting flooring options in commercial spaces.
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Hard-Surface Flooring Market, by Type:
Ceramic FlooringWood and Laminate FlooringVinyl FlooringOther
Ceramic flooring is durable and waterproof, making it ideal for high-traffic areas. Wood and laminate flooring offer a timeless look with easy maintenance. Vinyl flooring is budget-friendly and resistant to moisture and scratches. Other types like concrete, stone, and bamboo provide various aesthetic options. These hard-surface flooring types cater to different preferences and requirements, creating a diverse market demand. Consumers are attracted to the durability, versatility, and aesthetics of these flooring options, thereby boosting the demand for hard-surface flooring in the market.
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Regional Analysis:
North America: United States Canada Europe: Germany France U.K. Italy Russia Asia-Pacific: China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia Latin America: Mexico Brazil Argentina Korea Colombia Middle East & Africa: Turkey Saudi Arabia UAE Korea
The hard-surface flooring market is experiencing significant growth in regions such as North America (United States, Canada), Europe (Germany, France, U.K., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). The market is expected to be dominated by regions such as North America and Europe, with a market share percent valuation of around 40% and 30% respectively. Asia-Pacific is also expected to have a significant market share of around 20%, while Latin America and Middle East & Africa are expected to have smaller market shares.
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