IMARC Group, a leading market research company, has recently releases report titled “Commercial Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028. The report offers a comprehensive analysis of the industry, which comprises insights on the global commercial flooring market trends. The global commercial flooring market size reached US$ 71.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 93.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.45% during 2023-2028.
Commercial flooring is a specialized flooring solution that is designed and installed in various settings, such as office buildings, retail stores, healthcare facilities, educational institutions, and industrial warehouses. It comprises carpet tiles, ceramic tiles, hardwood, laminate, and epoxy flooring options. It offers enhanced aesthetics, comfort, durability, safety, and ease of maintenance. It can withstand high levels of foot traffic, resist wear and tear, and maintain a polished appearance over an extended period of time. As it is beneficial in enhancing safety and maintaining sustainability, the demand for commercial flooring is increasing around the world.
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Commercial Flooring Market Trends and Drivers:
At present, the rising demand for eco-friendly and sustainable flooring solutions among business organizations and various industries represents one of the primary factors supporting the growth of the market. Besides this, the increasing awareness about the importance of reducing environmental footprint is strengthening the growth of the market. Additionally, the growing demand for hygienic and slip-resistant flooring solutions in healthcare facilities across the globe is positively influencing the market. Apart from this, the introduction of low volatile organic compounds (VOC) flooring products that can be easily recycled is bolstering the growth of the market. Furthermore, the rising preference for flooring materials that offer acoustic benefits, durability, and easy maintenance is providing lucrative growth opportunities to industry investors.
Competitive Landscape with Key Player:
- Armstrong Flooring Inc.
- Forbo Holding AG
- Gerflor
- Interface Inc.
- IVC Group (Mohawk Industries Inc.)
- James Halstead PLC
- LX Hausys
- Mannington Mills Inc.
- Milliken & Company
- NOX Corporation
- RPM International Inc.
Commercial Flooring Market Report Segmentation:
Breakup by Product:
- Soft Coverings
- Resilient Flooring
- Non-resilient Flooring
- Seamless Flooring
- Wood and Laminates
Breakup by Application:
- Commercial Buildings
- Healthcare
- Education
- Leisure and Hospitality
- Retail
- Public Buildings
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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