Flooring Industry Growth Forecasts - A USD 398.27 Bn Industry Opportunity By 2030
Flooring Industry Overview The global flooring market size was valued at USD 277.67 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2030. Increasing demand for aesthetic, superior, and durable floor covering solutions and changing consumer trends in floor design are aiding the growth of the flooring industry over the past few years. The expansion of offices & workspaces, improving consumer lifestyle, and rapid urbanization are factors that have also contributed to the market growth. The fast-paced infrastructural development owing to the rising population in developing countries further contributes to the growth of the flooring industry. Gather more insights about the market drivers, restrains and growth of the Flooring Market The growing disposable income has resulted in increased investments for comfort in residential buildings. Additionally, the continuous growth of high-end residential housing structures an...