Report : Europe Flooring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Resilient Flooring, Non-resilient Flooring, and Soft Cover & Others), Material [Carpets and Rugs, Wood, Laminates, Vinyl Sheets and Tiles (Homogeneous and Heterogeneous, LVT and VCT, and Others), Ceramic Tiles, and Stone & Others], and Application (Residential and Non-Residential)
At 6.2% CAGR, the Europe Flooring Market is speculated to be worth US$ 108.52 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe flooring market was valued at US$ 75.48 million in 2022 and is expected to reach US$ 108.52 million by 2028, registering an annual growth rate of 6.2% from 2022 to 2028. Growth in investments by consumers in renovation and increase in demand for vinyl flooring.
Government regulations on emissions associated with health and environmental ramifications from the production of wood plastic composite flooring are impacting its market growth. Additionally, floor covering such as vinyl, carpeting, and ceramic contain harmful chemicals. This can be a major source of indoor air pollution. The production techniques for ceramic tiles, from the raw material to the finished product, can be harmful to the environment and humans. Therefore, producing toxic chemicals in the manufacturing of floorings such as ceramic floors, vinyl floors, and carpets will impose a significant challenge to the overall flooring market. This is expected to drive the market during the forecast period.
On the contrary, stringent government regulations on emissions norms associated with manufacturing of flooring hurdles the growth of Europe flooring market.
Based on product type, the Europe flooring market is divided into resilient flooring, non-resilient flooring, and soft cover & others. The non-resilient flooring segment held 58.6% market share in 2022, amassing US$ 44.23 million. It is projected to garner US$ 63.51 million by 2028 to expand at 6.2% CAGR during 2022–2028.
Based on material, the Europe flooring market is categorized into carpets and rugs, wood, laminates, vinyl sheets and tiles (homogeneous and heterogeneous, LVT & VCT, and others), ceramic tiles, and stone & others. The ceramic tiles segment held 33.7% market share in 2022, amassing US$ 25.45 million. It is projected to garner US$ 36.80 million by 2028 to expand at 6.3% CAGR during 2022–2028.
Based on application, the Europe flooring market is categorized into residential and non-residential. The residential segment held 65.7% market share in 2022, amassing US$ 49.63 million. It is projected to garner US$ 70.57 million by 2028 to expand at 6.0% CAGR during 2022–2028.
Based on country, the Europe flooring market has been categorised into the Germany, France, UK, Italy, Russia, and Rest of Europe. Our regional analysis states that Rest of Europe captured 35.8% market share in 2022. It was assessed at US$ 27.04 million in 2022 and is likely to hit US$ 39.38 million by 2028, exhibiting a CAGR of 6.5% during the forecast period.
Key players dominating the Europe flooring market are Mohawk Flooring; Shaw Industries Group, Inc.; Tarkett; Forbo International SA; Gerflor; Interface, Inc.; Beaulieu International Group; Toil Corporation; and Milliken among others.
- In May 2022, New creation collection, the reference in LVT.
- In Feb 2022, Interface expands resilient flooring portfolio with first rigid core collection, Even Path.
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