How Has The Modular Flooring Market Size Evolved In Recent Years?
The modular flooring market has seen considerable growth due to a variety of factors.
•The overall scale of the modular flooring industry has seen significant expansion in the past few years. It is projected to surge from $61.84 billion in 2024 to $65.71 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%.
Factors contributing to this historical growth comprise an uptick in commercial construction initiatives, emphasis on sustainable and eco-conducive materials, urban expansion, prevailing interior decor trends, facility of installation and upkeep, and a surge in refurbishment and remodeling activities.
What Is The Projected Growth Of The Modular Flooring Market?
The modular flooring market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of modular flooring is predicted to witness substantial growth in the upcoming years, reaching "$86.67 billion by 2029 with a compounded annual growth rate (CAGR) of 7.2%.
The forecasted growth during this period is credited to the increased acceptance of luxury vinyl tiles (LVT), expansion in the healthcare and education sectors, a focus on durable and impact-resistant flooring, sustainable and recyclable materials, and an increase in e-commerce sales for flooring. Key trends during the forecast period are anticipated to be digital printing technology, luxury vinyl tiles (LVT), hybrid flooring solutions, modular carpet tiles, and innovative flooring technologies.
What Are The Key Drivers Fueling Growth In The Modular Flooring Market?
The modular flooring market is projected to expand, driven by growing home and commercial renovation practices. Renovation refers to altering the interior design of pre-existing buildings, and repairing or replacing worn-out components. This includes substituting conventional floors with a variety of modular flooring alternatives. For example, a report by Houzz, a US home remodeling and design platform, indicated that in March 2023, home makeovers, particularly in kitchens and bathrooms, remained predominant projects. A higher percentage of homeowners enhanced these areas in 2022 (28% and 25% respectively) than in 2021 (27% and 24% respectively). Hence, the uptick in both home and commercial renovation practices are fueling the growth of the modular flooring market.
What Are The Principal Market Segments In The Global Modular Flooring Industry?
The modular flooring market covered in this report is segmented –
1) By Product Type: Ceramic, Rubber, Carpet Tile, Rigid LVT, Polyolefin (Non-vinyl), Flexible LVT, Other 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
Subsegments:
1) By Ceramic: Porcelain Tiles, Glazed Ceramic Tiles, Unglazed Ceramic Tiles, Mosaic Tiles, Other Ceramic Types
2) By Rubber: Natural Rubber Flooring, Synthetic Rubber Flooring, Recycled Rubber Flooring, Interlocking Rubber Tiles, Other Rubber Types
3) By Carpet Tile: Loop Pile Carpet Tiles, Cut Pile Carpet Tiles, Berber Carpet Tiles, Specialty Carpet Tiles, Other Carpet Tile Types
4) By Rigid LVT (Luxury Vinyl Tile): Stone-Composite Rigid LVT, Wood-Composite Rigid LVT, Other Rigid LVT Types
5) By Polyolefin (Non-vinyl): Polypropylene Tiles, Polyethylene Tiles, Other Polyolefin Types
6) By Flexible LVT (Luxury Vinyl Tile): Standard Flexible LVT, Specialty Flexible LVT, Other Flexible LVT Types
7) By Other Product Types: Cork Flooring, Bamboo Flooring, Linoleum, Other Modular Flooring Types
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Which Emerging Market Trends Are Altering The Modular Flooring Sector?
Leading enterprises in the modular flooring market are concentrating on creating inventive products like carpet tile to solidify their market standing. Carpet tiles, also referred to as modular carpets, are square or rectangular carpet sections designed to interlock and form a carpeted floor. For example, Tarkett, a manufacturing company based in France, initiated the Quiet Edit carpet tile collection in June 2024. The collection, which is specifically created for commercial spaces such as meeting rooms, lobbies, or reception areas, highlights superior performance and integrates a subtle aesthetic taken from repurposed materials.
Who Are the Key Players in the Modular Flooring Market?
Major companies operating in the modular flooring market include:
• Mohawk Industries Inc.
• Shaw Industries Inc.
• Tarkett S.A.
• Armstrong Hardwood Flooring LLC
• Forbo Holding AG
• Gerflor Group
• Interface Inc.
• RK Rose+Kreiger GmbH
• Swisstrax LLC
• Duratrac Flooring Ltd.
• Fab Floorings
• Versare Solutions LLC
• Mateflex
• Balta Group
• Milliken & Company
• Burmatex Ltd.
• Mannington Mills Inc.
• Beaulieu International Group
• Congoleum Corporation
• Roppe Holding Company
• Burke Industries Inc.
• Flexco Corporation
• Altro Limited
• Amtico International
• Brintons Carpets Limited
• Desso Group
• Fletco Carpets A/S
• Gerbert Limited
• Nora Systems Inc.
• PortaFloor
What are the Regional Insights into the Modular Flooring Market?
Asia Pacific was the largest region in the modular flooring market in 2024. The regions covered in the modular flooring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
