The Indoor Flooring Market: Overview
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. Among other qualities, indoor flooring is waterproof, anti-static, scratch-resistant, and anti-skid. It is preferred in the industrial and construction sectors as a result of these qualities. The concrete, tiles, and other surfaces that it is installed on are protected by indoor flooring. It is in charge of extending the lifespan of the floor bases underneath. Oils, detergents, and cleaners have no effect on it. Flooring for indoor spaces is also used to enhance the look of the floor. It comes in a variety of hues, tones, and textures. Surfaces are covered with carpets, vinyl rolls, ceramic tiles, and other indoor flooring materials. The market for applications in new housing projects and the renovation of older homes is anticipated to be driven by the aesthetic appeal of colourful indoor flooring products.
The Indoor Flooring Market - Growth Factor
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. The growth of the global indoor flooring market over the next five years is also supported by new infrastructure construction and renovation projects. The rapid growth of residential, commercial, and industrial buildings in recent years has also contributed to the forecasted growth of the global indoor flooring market. Further substantiating the robust growth of the global indoor flooring market is the low-cost manufacturing of indoor flooring products and its simple installation process, which has encouraged architects and builders to instal indoor flooring products.
The Indoor Flooring Market Market Trends
The market for 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 layerwhich is then carefully fixed for a smooth surface to prevent moisture absorption and temperature changeare other easy steps in installing new flooring.
The Indoor Flooring Market Segmentation
The 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
The Indoor Flooring 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.
The Indoor Flooring Market Key Market players
Global key players of Indoor Flooring Market include 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.
Report scope
Global Indoor Flooring Market: Historical Years- 2018-2021
Global Indoor Flooring Market: Forecast Years- 2022-2030
Global Indoor Flooring Market 2022- USD 133.3 billion
Global Indoor Flooring Market 2030- USD 226.3 billion
Global Indoor Flooring Market CAGR- 5.4%
