Indoor Flooring Market Size, Industry Analysis Report By Type (Carpet, Ceramic Tiles, Vinyl, Linoleum, And Rubber, Wood And Laminate), By Construction Type (New Construction, Renovation), By Application (Commercial And Industrial, Residential) & Region – Forecast By 2030
- PUBLISHED ON
- 2024-09-27
- NO OF PAGES
- 290
- CATEGORY
- Construction & Manufacturing
Indoor Flooring Market is valued at around USD 133.3 billion in 2022 and is expected to reach USD 226.3 billion by 2030, registering a CAGR of 5.4% over the forecast period.
Market Growth Factor
lndoor Flooring Market will expand over the next five years due to the rising demand for horizontal components of building infrastructure architecture that help with visual appeal, movement, and support for other infrastructure components.
Market Trends
• indoor flooring is primarily being driven by the increase in remodelling and renovation of older homes. Another factor causing the demand for indoor flooring is the building of new homes.
• The market has seen an increase in demand as a result of the introduction of new indoor flooring products that are both affordable and easy to instal.
• An increase in awareness of the building of environmentally friendly structures is anticipated to spur the market for indoor flooring over the course of the forecast period.
• Removing the old flooring, cleaning the surface, and applying an under layer—which is then carefully fixed for a smooth surface to prevent moisture absorption and temperature change—are other easy steps in installing new flooring.
Market Segmentation
Indoor Flooring Market fragrance concentrates market has been sub-classified into type, construction type, end-user.
On The Basis Of Type, The Indoor Flooring Market Is Bifurcated Into:
• Carpet
• Ceramic tiles
• Vinyl, linoleum, and rubber
• Wood and laminate
• Others
On The Basis Of Construction Type, The Market Is Segmented Into:
• New construction
• Renovation
• Others
On The Basis Of Application, The Market Segmented Into:
• Commercial and industrial
• Residential
• Others
Market Regional Analysis
Asia-Pacific dominated the global Indoor Flooring Market, due to the growth of the residential and commercial sectors, which accounted for about 47.1% of the global market share and dominated the market in terms of revenue in 2021, it is anticipated to grow at the highest CAGR during the forecast period. This is a result of rising government spending on new construction and renovation projects, as well as rising R&D investments in developing nations.
Key Market players
Quality Assurance Process
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Market Research Process
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Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
Frequently Asked Questions
What is the market size and growth projections?
The Indoor Flooring Market is valued at around USD 133.3 billion in 2022 and is expected to reach USD 226.3 billion by 2030, registering a CAGR of 5.4% over the forecast period.
What are the drivers shaping various markets?
The global indoor flooring market will expand over the next five years due to the rising demand for horizontal components of building infrastructure architecture that help with visual appeal, movement, and support for other infrastructure components.
Who are the key competitors of market Players?
Some of the major players operating within the market are Armstrong Flooring, Inc., Beaulieu International Group (B.I.G.), ECORE International, Inc., Forbo Corporate, Interface, Inc., Mats, Inc., Mohawk Industries, Inc., Shaw Industries Group, Inc., Tarkett S.A., TOLI Corporation, among others.
What are the top performing segments, and countries / regions of each of the markets?
Asia-Pacific dominated the global Indoor Flooring Market.
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