Commercial Flooring Market Outlook: Size, Share, Trends & Growth Analysis (2024-2029) 

The market report presents a thorough analysis segmented by Product (Soft Coverings, Resilient Flooring, Non-Resilient Flooring, Seamless Flooring, Wood and Laminates); by Application (Commercial Buildings, Healthcare, Education, Leisure and Hospitality, Retail, Public Buildings); by Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa).

Outlook 

• The commercial flooring market is estimated to be at USD 149.15 Bn in 2024 and is anticipated to reach USD 196.88 Bn in 2029. 

• The commercial flooring market is registering a CAGR of 5.71% during the forecast period 2024-2029. 

• The global commercial flooring market is expanding due to the increasing demand for durable and aesthetically pleasing solutions across various sectors, including healthcare, retail, hospitality, and education. The shift toward sustainable materials and innovations in resilient flooring are shaping the industry’s future. 

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Ecosystem 

• The global commercial flooring industry participants are always developing strategies to preserve a competitive advantage. 

• These companies continue to innovate, focusing on sustainable solutions and expanding their product lines to meet the growing needs of the commercial sector. 

• Several important entities in the commercial flooring market include Mohawk Industries, Inc.; Armstrong Flooring, Inc.; Shaw Industries Group, Inc.; Mannington Mills, Inc.; Forbo Group; and others. 

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Findings 

Attributes	Values
Historical Period	2018-2022
Base Year	2023
Forecast Period	2024-2029
Market Size (2024)	USD 149.15 Bn
Market Size (2029)	USD 196.88 Bn
Growth Rate	5.71% CAGR from 2024 to 2029
Key Segments	Product (Soft Coverings, Resilient Flooring, Non-Resilient Flooring, Seamless Flooring, Wood and Laminates); Application (Commercial Buildings, Healthcare, Education, Leisure and Hospitality, Retail, Public Buildings); Geography (North America, South America, Asia Pacific, Europe, The Middle East, Africa)
Key Vendors	Mohawk Industries, Inc.; Armstrong Flooring, Inc.; Shaw Industries Group, Inc.; Mannington Mills, Inc.; Forbo Group
Key Countries	The US; Canada; Mexico; Brazil; Argentina; Colombia; Chile; China; India; Japan; South Korea; The UK; Germany; Italy; France; Spain; Turkey; UAE; Saudi Arabia; Egypt; South Africa
Largest Market	Asia Pacific

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Trends  

• Integration of Smart Flooring Technology: Smart flooring technology, which includes sensors embedded in the flooring to track foot traffic or monitor safety, is gaining emphasis in the commercial flooring sector. In 2023, BeSense introduced smart flooring systems for office spaces, allowing real-time monitoring of occupancy levels and environmental conditions. 

• Adoption of Luxury Vinyl Tiles (LVT): The use of luxury vinyl tiles (LVT) is increasing due to their durability, ease of maintenance, and aesthetic appeal. In 2023, Tarkett introduced a new range of LVTs with enhanced wear resistance, catering to the emphasis on high-traffic commercial spaces like airports and malls. 

• Rise in Sustainable and Eco-friendly Flooring Solutions: With growing environmental concerns, many companies are focusing on eco-friendly flooring solutions such as bamboo, cork, and linoleum. In 2022, Interface, a global flooring company, launched a carbon-negative carpet tile, aiming to reduce the carbon footprint of commercial spaces. 

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Catalysts 

• Growth in the Construction and Renovation of Commercial Spaces: The rising construction of commercial buildings, including offices, hotels, and retail spaces, is a significant driver for the commercial flooring market. The ongoing urbanization in regions like Asia-Pacific and the Middle East contributes to the demand for high-quality flooring materials. 

• Increasing Demand for Durable and Low-Maintenance Flooring: Commercial spaces require flooring that is not only durable but also easy to maintain, ensuring long-term performance while reducing maintenance costs and downtime. The shift toward materials like LVT and epoxy coatings that offer longevity and low maintenance drives the market. In 2022, Shaw Contract expanded its LVT offerings to meet the growing demand for resilient and easy-to-clean surfaces. 

• Expansion in Healthcare and Hospitality Sectors: The healthcare and hospitality industries are key drivers of the commercial flooring market due to their need for hygienic, safe, and visually appealing flooring. In 2023, Gerflor introduced specialized flooring for healthcare facilities that includes slip-resistant and antimicrobial properties. 

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Restraints 

• Fluctuations in Raw Material Prices: The volatility of raw material prices, particularly for petroleum-based products like vinyl and synthetic rubber, can significantly affect the cost of commercial flooring. In 2022, rising oil prices led to increased production costs, causing price fluctuations in vinyl and carpet flooring products. 

• Environmental Regulations and Compliance: Strict regulations regarding the environmental chemical impact of building materials pose challenges for manufacturers. In 2023, new EU regulations limited the use of certain chemicals in vinyl flooring, pushing manufacturers to develop alternative formulations while maintaining performance standards. 

• Complex Installation and Maintenance: Some commercial flooring materials, particularly those requiring specialized installation techniques, can present challenges for contractors and facility managers. In 2022, the rise of large commercial renovation projects saw increased demand for trained flooring installers, which is often limited to certain regions. 

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Table of Contents 

1.       Introduction         1.1.    Research Methodology         1.2.    Scope of the Study  2.       Market Overview / Executive Summary         2.1.    Global Commercial Flooring Market (2018 – 2022)         2.2.    Global Commercial Flooring Market (2023 – 2029)  3.       Market Segmentation         3.1.    Global Commercial Flooring Market by Product                3.1.1.    Soft Coverings                3.1.2.    Resilient Flooring                3.1.3.    Non-Resilient Flooring                3.1.4.    Seamless Flooring                3.1.5.    Wood and Laminates         3.2.    Global Commercial Flooring Market by Application                3.2.1.    Commercial Buildings                3.2.2.    Healthcare                3.2.3.    Education                3.2.4.    Leisure and Hospitality                3.2.5.    Retail                3.2.6.    Public Buildings  4.       Regional Segmentation         4.1.    North America                4.1.1.    The US                4.1.2.    Canada                4.1.3.    Mexico         4.2.    South America                4.2.1.    Brazil                4.2.2.    Argentina                4.2.3.    Colombia                4.2.4.    Chile                4.2.5.    Rest of South America         4.3.    Asia Pacific                4.3.1.    China                4.3.2.    India                4.3.3.    Japan                4.3.4.    South Korea                4.3.5.    Rest of Asia Pacific         4.4.    Europe                4.4.1.    The UK                 4.4.2.    Germany                4.4.3.    Italy                4.4.4.    France                4.4.5.    Spain                4.4.6.    Rest of Europe         4.5.    The Middle East                4.5.1.    Turkey                4.5.2.    UAE                4.5.3.    Saudi Arabia                4.5.4.    Rest of the Middle East         4.6.    Africa                4.6.1.    Egypt                4.6.2.    South Africa                4.6.3.    Rest of Africa  5.       Value Chain Analysis of the Global Commercial Flooring Market  6.       Porter Five Forces Analysis         6.1.    Threats of New Entrants         6.2.    Threats of Substitutes         6.3.    Bargaining Power of Buyers         6.4.    Bargaining Power of Suppliers         6.5.    Competition in the Industry  7.       Trends, Drivers and Challenges Analysis         7.1.    Market Trends         7.1.1.    Market Trend 1         7.1.2.    Market Trend 2         7.1.3.    Market Trend 3         7.2.    Market Drivers         7.2.1.    Market Driver 1         7.2.2.    Market Driver 2         7.2.3.    Market Driver 3         7.3.    Market Challenges         7.3.1.    Market Challenge 1         7.3.2.    Market Challenge 2         7.3.3.    Market Challenge 3  8.       Opportunities Analysis         8.1.    Market Opportunity 1         8.2.    Market Opportunity 2         8.3.    Market Opportunity 3  9.       Competitive Landscape         9.1.    Mohawk Industries, Inc.         9.2.    Armstrong Flooring, Inc.         9.3.    Shaw Industries Group, Inc.         9.4.    Mannington Mills, Inc.         9.5.    Forbo Group         9.6.    Company 6         9.7.    Company 7         9.8.    Company 8         9.9.    Company 9         9.10.  Company 10

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Commercial Flooring Market – FAQs 

1.  What is the current size of the commercial flooring market? 

Ans. In 2024, the commercial flooring market size is USD 149.15 Bn. 

2.  Who are the major vendors in the commercial flooring market?  

Ans. The major vendors in the commercial flooring market are Mohawk Industries, Inc.; Armstrong Flooring, Inc.; Shaw Industries Group, Inc.; Mannington Mills, Inc.; Forbo Group. 

3.  Which segments are covered under the commercial flooring market segments analysis?  

Ans. The commercial flooring market report offers in-depth insights into Product, Application, and Geography.