Hard Surface Flooring Market is projected to be worth USD 51,450 Million by 2030, registering a CAGR of 5.12% during the forecast period (2022–2030)

Competitive Analysis

The catalog for the prominent participants across the global market for hard surface flooring includes players such as:

• Atlas Concorde S.P.A.
• Mohawk Industries, Inc.
• Kajaria Ceramics Limited
• Interface, Inc
• Tarkett, S.A.
• Gerflor
• AFI Licensing
• Mannington Mills, Inc.
• Burke Flooring Products, Inc.
• Polyflor
• Firbo Flooring
• RAK Ceramics
• Shaw Industries, Inc.
• Crossville Inc.
• Porcelanosa Group
• Among others.

Report Scope:

Report AttributeDetailsMarket Size in 2030USD 51,450 MillionCAGR5.12% (2022–2030)Base Year2021Forecast Period2022–2030Historical Data2020Forecast UnitsValue (USD Million)Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and TrendsSegments Covered by Product, by ApplicationGeographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)Key Market Drivers Increase in construction activities

Market USP Covered

Market Drivers

The Global market for hard surface flooring has expanded immensely in recent times, given factors such as the growing preference of customers for such floors, infrastructural developments in emerging economies, and growing population & urbanization.

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Market Restraints

On the contrary, the high initial spending will likely restrict the market’s growth.

COVID-19 Impact

The worldwide health crisis in the form of COVID-19 has massively impacted most industry sectors. Considering the fast spread of the infectious disease, various governments across the globe revealed partial or complete lockdowns for a fairly long time. Accordingly, industry operations were halted, and some businesses shut down. The hard surface flooring market confronted numerous unforeseen challenges during the pandemic due to the abrupt fall in demand for vehicles and the travel restrictions enforced.

Segment Analysis

Among all the products, the vitrified (Porcelain) tiles segment is likely to hold the top spot across the global market for hard surface flooring over the coming years. the main aspect supporting the development of the segment is its properties as porcelain tiles are more durable and stronger in comparison with the available ceramic tiles since they are fired at extreme temperatures and are made from denser clays and ultrafine. However, the ceramic tiles segment is anticipated to showcase the highest growth rate over the coming years. These are mainly scratch-resistant, unglazed, and glazed tiles.

Among all the application areas, the residential application segment is predicted to ensure the top spot across the global market for hard surface flooring over the coming years. the segment involves residential buildings, small houses, complexes, and apartments. Subsidies from governments for first-time homebuyers across developed and developing nations impacted the development of the residential sector. The commercial segment is projected to showcase the maximum growth rate over the coming years. the growth of the segment is ascribed to the factors such as the increasing construction of commercial buildings and robust demand for office spaces.

Among all the types, the non-resilient flooring type is projected to ensure the top spot across the global market for hard surface flooring over the review era. The segment’s expansion is ascribed to the aspects such as the escalating commercial & residential construction activities and growing population & industrial activities. On the contrary, the resilient type flooring segment is anticipated to showcase the maximum growth rate over the coming years, given aspects such as growing commercial building applications and low maintenance costs.

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Regional Analysis

The global market for hard surface flooring is analyzed across five major geographies: Asia-Pacific, Europe, North America, Latin America, and the Middle East & Africa.

The MRFR research documents suggest that the North American region is predicted to secure the top spot across the global market for hard surface flooring over the review era. The region has the U.S. as the leading growth contributor. The advancements across residential and commercial structures across the U.S. is considered the vital parameter supporting the regional market development. The region is controlled by the rise in construction activities in both commercial and private sectors, which in turn is another crucial aspect boosting-up the expansion of the regional market.

The European regional market for hard surface flooring is also likely to showcase a considerable expansion over the coming years.

The Asia-Pacific regional hard surface flooring Business Insights is anticipated to display the maximum growth rate over the coming years. The main aspects boosting the performance of the regional market are the rising investment in affordable housing, upgradation and construction of infrastructure, investment in the tourism sector, and smart city construction. The construction sector across the region has witnessed a massive expansion in recent years, which in turn is also likely to boost the regional market’s development over the coming years. Furthermore, the factors such as expanding population, rapid urbanization, expansion of residential, commercial, & industrial sectors, and rising per capita income are also projected to positively influence the performance of the regional market over the review timeframe.

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