Hard surface flooring is flooring that is long-lasting, non-porous, and wear-resistant and comprises materials like hardwood, laminate, tile, vinyl, and concrete to provide a solid and durable surface for residential and commercial areas. It offers a stable and easy-to-clean choice for a range of indoor locations.
The main types of products included in hard surface flooring are vinyl flooring, vinyl sheet, vinyl composition tile, rubber flooring, cork flooring, asphalt flooring, linoleum flooring, and others. Vinyl flooring refers to a type of hard surface flooring and is a synthetic material that is known for its durability and functionality, offers a wide range of designs, and is relatively easy to install. The types of surfaces includes seamless flooring, wood flooring, and laminate flooring. which can be installed by glue-down, floating, nail or staple, and click-lock. It is sold through several distribution channels, including online retail, offline retail, and others, for various applications, such as residential buildings, nonresidential buildings, and transportation.
The global hard surface flooring market is segmented -
1) By Material Type: Vinyl Flooring, Vinyl Sheet, Vinyl Composition Tile, Rubber Flooring, Cork Flooring, Asphalt Flooring, Linoleum Flooring, Other Materials
2) By Surface Type: Seamless Flooring, Wood Flooring, Laminate Flooring
3) By Installation Type: Glue-Down, Floating, Nail Or Staple, Click-Lock
4) By Distribution Channel: Online Retail, Offline Retail, Other Distribution Channels
5) By Application: Residential Buildings, Nonresidential Buildings, Transportation
The global hard surface flooring market is expected to grow from $35.88 billion in 2022 to $38.24 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The hard surface flooring market is expected to reach $46.88 billion in 2027 at a CAGR of 5.2%.
The increasing construction activities are expected to propel the growth of the hard surface flooring market going forward. Construction activities refer to a process concerned with the act or process of building, how something is built, and the finished construction or installation. Hard-surface flooring is a long-lasting, dependable, and simple-to-maintain building material. Hard-surface flooring serves practical and decorative purposes in buildings, making it a popular option for commercial and residential areas. These benefits include ease of maintenance, functionality, customization, and long-lastingness. For instance, in September 2021, according to a report published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach USD 15.2 trillion. Therefore, increasing construction activities are driving the growth of the hard surface flooring market.
Major players in the hard surface flooring market are Mohawk Industries Inc., Shaw Industries Group Inc., Tarkett S.A., Beaulieu International Group, Dal-Tile International Inc., Forbo Holding AG, Interface Inc., LL Flooring Holdings Inc., Gerflor Group, Mannington Mills Inc., Armstrong Flooring Inc., Polyflor Ltd., Congoleum Corporation, Emser Tile LLC., Crossville Inc., Somerset Hardwood Flooring Inc., Boa-Franc Inc., Roppe Corporation, Karndean International Limited, Quickstep, Marazzi Group S.R.L., Faus Group Inc., NOX Corporation, Mullican Flooring L.P., Provenza Floors Inc., Urban Global LLC., Novabell S.P.A., Kentwood Floors Inc., Us Floors Inc., and Johnsons Premium Hardwood Flooring Inc.
Technological advancements are a key trend gaining popularity in the hard-surface flooring market. Major companies operating in the hard surface flooring market are focused on adopting new technologies and solutions to sustain their position in the market. For instance, in April 2023, Bjelin Sweden AB, a Sweden-based hardwood flooring manufacturer, launched a new hardened wood 3.0-floor range, a new range of hardened wood floors with updated and improved colors, formats, and technologies. This water-resistant floor-locking system allows quick, simple, and long-lasting installation with a watertight joint. These hardened wood floors also have the proprietary Woodura technology, a top-notch method of creating authentic wood floors that are more environmentally friendly. Using this method, ten times as much product as the same quantity of wood can be produced, and the flooring can be up to three times as sturdy as traditional wood.
In February 2022, Paceline Equity Partners LLC, a US-based private equity firm, acquired AHF LLC for an undisclosed amount. The acquisition of AHF Products by Paceline Equity Partners LLC is expected to strengthen the position of both companies in the flooring industry, where Paceline will use its existing experience and established industry ties to support AHF's organic and inorganic growth. AHF LLC is a US-based hard surface flooring manufacturer.
North America was the largest region in the hard surface flooring market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in hard surface flooring report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the hard surface flooring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The hard surface flooring market consists of sales of ceramic, natural stone, hardwood, linoleum, and terrazzo. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The hard surface flooring market research report is one of a series of new reports from The Business Research Company that provides hard surface flooring market statistics, including hard surface flooring industry global market size, regional shares, competitors with a hard surface flooring market share, detailed hard surface flooring market segments, market trends and opportunities, and any further data you may need to thrive in the hard surface flooring industry. This hard surface flooring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.