The Hard Surface Flooring Global Market Report 2023, provides comprehensive information on the hard surface flooring market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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The global hard surface flooring market is expected to grow from $35.88 billion in 2022 to $38.24 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The hard surface flooring market is expected to reach $46.88 billion in 2027 at a CAGR of 5.2%.
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Technological advancements are a key trend gaining popularity in the hard-surface flooring market. Major companies operating in the hard surface flooring market are focused on adopting new technologies and solutions to sustain their position in the market. For instance, in April 2023, Bjelin Sweden AB, a Sweden-based hardwood flooring manufacturer, launched a new hardened wood 3.0-floor range, a new range of hardened wood floors with updated and improved colors, formats, and technologies. This water-resistant floor-locking system allows quick, simple, and long-lasting installation with a watertight joint. These hardened wood floors also have the proprietary Woodura technology, a top-notch method of creating authentic wood floors that are more environmentally friendly. Using this method, ten times as much product as the same quantity of wood can be produced, and the flooring can be up to three times as sturdy as traditional wood.
The hard surface flooring market is segmented:
1) By Material Type: Vinyl Flooring, Vinyl Sheet, Vinyl Composition Tile, Rubber Flooring, Cork Flooring, Asphalt Flooring, Linoleum Flooring, Other Materials
2) By Surface Type: Seamless Flooring, Wood Flooring, Laminate Flooring
3) By Installation Type: Glue-Down, Floating, Nail Or Staple, Click-Lock
4) By Distribution Channel: Online Retail, Offline Retail, Other Distribution Channels
5) By Application: Residential Buildings, Nonresidential Buildings, Transportation
North America was the largest region in the hard surface flooring market in 2022.
Top 5 Major Key Players Are:
Mohawk Industries Inc
Shaw Industries Group Inc
Tarkett S.A
Beaulieu International Group
Dal-Tile International Inc
Table Of Contents
1. Executive Summary
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