Flooring Market Size Worth $398.27 Billion By 2030

cGrowth & Trends

Flooring Market Report Highlights

  • The vitrified (porcelain) accounted for 27.6% of the total revenue of the flooring market in 2021. The market is estimated to reach USD 109.20 billion by 2030. This growth is attributed to the durable properties of porcelain, due to which it is highly preferred in residential and commercial structures.
  • The residential application segment accounted for 49.2% of the revenue share in 2021. This is owing to the rising population in developing countries and increased spending on residential buildings in developed countries.
  • The commercial application segment was estimated at USD 166.76 billion in 2021 and is expected to grow at a CAGR of 5.2% over the forecast period. This growth is attributable to growing commercialization and urbanization in developing regions in the Asia Pacific region.
  • The Asia Pacific region dominated the flooring market in 2021 with a market share of 44.96% and this trend is expected to continue over the coming years. The rising population in growing economies such as India, Saudi Arabia, Japan, and Indonesia is propelling the demand for flooring in the market.
  • The North American region contributed about 13.71% of the total revenue share in 2021. The flooring industry in North America is expected to witness significant growth over the coming years on account of the increasing construction of residential and commercial buildings in the region.

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Rajesh Varma

Hello guys I am Market Research Analyst @ Grand View Research, preparing and publish research report on Technology, Next Generation Technologies