GITNUX MARKETDATA REPORT 2024

Must-Know Flooring Industry Statistics [Current Data]

In this post, we will explore key statistics and trends shaping the global flooring industry. From market values and growth projections to sector analysis and emerging trends, these statistics provide valuable insights into the dynamics of the flooring market. Stay tuned to understand the latest developments in this dynamic industry.

Statistic 1

"The global flooring market was valued at $388.24 billion in 2020."

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Statistic 2

"The flooring market is expected to grow at a CAGR of 5.44% from 2021 to 2028."

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Statistic 3

"The residential sector accounts for the largest market share of 55.55% of the flooring industry."

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Statistic 4

"In 2020, the Asia-Pacific region accounted for the largest market share in the flooring industry, at 43.0%."

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Statistic 5

"The carpet flooring market accounted for a 35% share of the US flooring market in 2020."

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Statistic 6

"In 2020, online sales of flooring products in the US grew by 11%"

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Statistic 7

"The global laminate flooring market was valued at $1.74 billion in 2020 and is projected to reach $2.19 billion by 2028."

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Statistic 8

"The non-resilient flooring segment held the largest share (71%) in the flooring market in 2020."

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Statistic 9

"The global ceramic tiles market size was valued at $40.9 billion in 2020 and is expected to reach $63.8 billion by 2028."

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Statistic 10

"The luxury flooring market is expected to grow at a CAGR of 5% from 2021 to 2026."

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Statistic 11

"By 2028, the market for bamboo flooring is expected to grow at a CAGR of 5.2%, reaching an estimated value of $7.45 billion."

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Statistic 12

"The luxury vinyl tile (LVT) flooring segment is expected to witness a CAGR of 12% from 2021 to 2026."

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Statistic 13

"In 2020, the global market for rubber flooring was valued at $3.18 billion"

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Statistic 14

"The global stone flooring market is expected to grow at a CAGR of 3.5% from 2021 to 2026."

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Statistic 15

"The epoxy flooring market is anticipated to grow at a CAGR of 6.8% between 2020 and 2027."

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The global flooring industry showed substantial growth in 2020, with a market value of $388.24 billion, and is projected to continue expanding at a rate of 5.44% from 2021 to 2028. The residential sector holds the largest market share at 55.55%, while the Asia-Pacific region led in market share in 2020. Carpet flooring dominated the US market at 35%, with online sales experiencing an 11% growth. Non-resilient flooring was the largest segment in 2020, holding a share of 71%. Various segments such as ceramic tiles, laminate flooring, luxury vinyl tiles, and stone flooring are also expected to witness significant growth in the coming years.

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