The global hard surface flooring market is projected to rise at a healthy rate from 2021 to 2031 (forecast period). The increase in demand for hard surface flooring as a result of residential upgrades, housing completions, and maintenance expenditures is likely to drive the growth of the global hard surface flooring market during the forecast period. Moreover, strong construction spending is expected to fuel the expansion of the global hard surface flooring market. Furthermore, the growing preference for hard surface floorings over carpets or rugs is projected to boost the global hard surface flooring market. Additionally, the expansion in the housing industry is likely to generate significant growth prospects for the global hard surface flooring market in the coming years.
Key players in the global hard surface flooring market include Mannington Mills Inc. (U.S.), Mohawk Industries (U.S.), Shaw Industries Group (U.S.), Armstrong World Industries, Inc. (U.S.), Marazzi Group S.r.l (Italy), Berry Floor NV (Italy), Beaulieu International Group (Belgium), Burke Industries (U.S.), Roppe Corporation (U.S.), Tarkett SAS (France), Surface America (U.S.), Windmöller Flooring Products WFP GmbH (Germany), and TOLI Corporation (Japan).
To increase market share and boost geographical reach, leading companies are progressively embracing methods such as the launch of innovative products, regular product approvals, and long-term alliances. Florim, for example, launched its new ceramic tile collection in June 2021. The collection blends a concrete effect with an urban and industrial design and a marble chip effect that merges tone-on-tone tactile elements with irregular forms and various sizes.
Homeowners' increasing demand for residential remodeling is projected to boost the global hard surface flooring market during the forecast period. Residential owners favor hard surface flooring such as wooden surfaces or laminates to old, worn carpets, which is driving up demand for hard surface flooring. Moreover, the growing demand for homes and complexes is expected to propel the global hard surface flooring market during the forecast period. Furthermore, vinyl flooring has grown in popularity and is likely to witness considerable growth during the forecast period due to its aesthetic characteristics and changing customer preferences. Major companies are focused on the introduction of innovative hard surface flooring to fulfill rising trends and expectations.
The demand for hard surface flooring is estimated to rise in the home market and non-residential sectors such as commercial buildings, offices, and industries. This is likely to boost global demand for hard surface floorings even further. Hard surface floorings are more popular than rugs and carpets due to factors such as longer durability and little upkeep. The non-residential sector is expected to contribute significantly to the global hard surface flooring market.
The North America hard surface flooring market is expected to grow during the forecast period. The United States is likely to make considerable contributions to the hard surface flooring market in North America. The growth of commercial and residential structures in the United States is anticipated to drive demand for hard surface flooring in the region. Moreover, strong demand from construction industry due to increased construction activity in both the private and commercial sectors is expected to boost the regional market during the forecast period.
The hard surface flooring market in Asia Pacific is projected to expand during the forecast period due to rising demand for hard surface flooring in growing markets like China and India. Moreover, large businesses are focused on emerging markets in order to capitalize on tremendous market potential.
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Hard Surface Flooring Market
