Press Releases

The global commercial flooring market is anticipated to grow at a CAGR of 5.25% during the projected timeframe. The rising need for commercial flooring from the construction industry, changing consumer lifestyles, rising demand for insulation, and rising government expenditure on infrastructural development on non-residential structures will augment the market demand for the commercial flooring industry. Over the forecast period, it is anticipated that the growing number of corporate offices in developing countries like China, India, and Mexico would continue to be a major driving force for the commercial flooring market. This is because of regulatory tendencies to support domestic manufacturing output.

Additionally, the installation of lightweight, soft floor coverings like carpets, wood, and ceramic tiles that emit little volatile organic compound (VOC), are well thermally insulated and offer a comfortable acoustic environment is anticipated to benefit the commercial flooring industry from the construction of sustainable buildings.

Furthermore, the increased market demand for isolated homes and offices among population, the hassle-free installation technologies and product innovation in the floor covering segment will bolster the growth of global commercial flooring market. Aside from that, it has been observed that numerous automobile businesses use industrial flooring to improve the appearance of the vehicle.

In October 2022, LG Chem is collaborating with NOX Corp., the pioneer in luxury vinyl tile (LVT) flooring, to develop the bio-balanced polyvinyl chloride (PVC) sector. LG Chem and NOX Corp. inked a memorandum of understanding (MOU) to collaborate on a bio-balanced PVC program aimed at reducing carbon emissions and increasing resource circulation.

Bowse 43 market data Tables and 30 Figures spread through 200 Pages and in-depth TOC on " Commercial Flooring Market by Product (Soft Cover Flooring, Resilient Flooring, Non-Resilient Flooring, Seamless Flooring, and Wood & Laminates), by Application (Healthcare, Education, Leisure & Hospitality, Retail, Commercial Buildings, and Public Buildings), and Region - Global Forecast to 2030

By Application, the education category is anticipated to have a high CAGR during the forecast period.

Based on Application, the Global Commercial Flooring Market is categorized into Healthcare, Education, Leisure & Hospitality, Retail, Commercial Buildings, and Public Buildings. The education category is anticipated to have a high CAGR during the forecast period owing to the increased significance of modular tiles in educational places. These modular tiles are moisture-resistant and have outstanding dust control characteristics, thereby creating a favorable market impact on the commercial flooring industry. Furthermore, the high market awareness of carpets in emerging economies such as China and India is due to the presence of a significant number of soft covering manufacturers which will have a favorable impact. These factors are assumed to influence how building materials, particularly floor coverings, are used in the educational sector, hence promoting the growth of those companies' markets.

Global Commercial Flooring Market Segmentation Analysis

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“Asia-Pacific is anticipated to have the significant market share in the Commercial Flooring Market during the forecast period.”

Asia Pacific accounts for a significant share of the commercial flooring market. The economic operations of economies like China and India have a significant impact on the regional economy; however, this scenario is changing as foreign direct investment in Southeast Asia's economic development increases. Demand in the region is also predicted to rise. Non-residential construction is increasing as a result of factors such as population increase and fast urbanization, thereby accelerating the market development of commercial flooring in the region.

Some of the major players in the global Commercial Flooring industry include LG Hausys, Nora, Flowcrete Group Ltd., Milliken & Company, James Halstead PLC, Novalis, Tajima Flooring, NOX Corp., TOLI Corporation, and TKflor.

Scope of the Report

Global Commercial Flooring Market Coverage

Product Insight and Forecast 2018-2030

• Soft Cover Flooring
  • Rugs
  • Broadlooms
  • Carpets
• Resilient Flooring
• Non-Resilient Flooring
• Seamless Flooring
• Wood & Laminates

Application Insight and Forecast 2018-2030

• Healthcare
• Education
• Leisure & Hospitality
• Retail
• Commercial Buildings
• Public Buildings  

Geographical Segmentation

Commercial Flooring Market by Region

North America

• By Product
• By Application
• By Country – U.S., Canada, and Mexico

Europe

• By Product
• By Application
• By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

• By Product
• By Application
• By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

• By Product
• By Application
• By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries