Global Modular Flooring Market Competitive Landscape, Top Market Segments, And Fastest Growing Regions
20 Jun, 2023
The global modular flooring market size is expected to grow from $54.55 billion in 2022 to $58.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global modular flooring market size is expected to reach $74.92 billion in 2027 at a CAGR of 6.3%.
Global Modular Flooring Market Key Driver
Increased household and business renovation activity is likely to drive the modular flooring market ahead. The process of modifying the internal layout of existing structures or replacing or repairing worn-out sections is known as renovation. Traditional floors are being replaced with various modular-flooring solutions as part of the home remodelling.
Get a sample of the global modular flooring market reportGlobal Modular Flooring Market Segments
The global modular flooring market is segmented:
1) By Product Type: Ceramic, Rubber, Carpet Tile, Rigid LVT, Polyolefin (Non-vinyl), Flexible LVT, Others Product Types
2) By Components: Polyvinyl Chloride Resins, Plasticizers, Trace Stabilizers, Pigments, Other Components
3) By End Users: Retail, Healthcare, Education, Household, Workplace, Other End Users
4) By Geography: The regions covered in the modular flooring market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia Pacific accounts for the largest share in the global modular flooring market.
Major Modular Flooring Industry Players
Mohawk Industries Inc., Shaw Industries Inc., Tarkett S.A., AHF LLC, Forbo Holding AG, Gerflor Group, Interface Inc., RK Rose+Kreiger GmbH, Swisstrax, PortaFloor, Duratrac Flooring Ltd., Fab Floorings, Versare Solutions LLC, Mateflex, Balta Group, Milliken & Company, Burmatex Ltd.
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Modular Flooring Market Overview
Modular flooring refers to a covering that is laid over the floor tiles that provides surface finish and support. It is used in places like shopping centers, offices, warehouses, and hospitals.
Modular Flooring Global Market Report 2023 provides data on the global modular flooring market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The modular flooring market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.