Market Size of Europe Floor Covering Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4 Billion |
| Market Size (2029) | USD 5.5 Billion |
| CAGR (2024 - 2029) | 3.03 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Floor Covering Market Analysis
The Europe Floor Covering Market size is estimated at USD 4 billion in 2024, and is expected to reach USD 5.5 billion by 2029, growing at a CAGR of 3.03% during the forecast period (2024-2029).
The European market is predominantly influenced by the growth of urban areas and the development of modern work environments. In addition, the increasing need for wood flooring is anticipated to drive significant changes in the market, creating new growth opportunities and market prospects. Wood flooring has emerged as a crucial component of floor coverings, positioning itself as one of the rapidly growing segments within the furniture industry. Demand for this product is predicted to be fueled by a surge in renovation projects and a growing trend toward do-it-yourself initiatives.
The European floor-covering market is anticipated to experience significant growth during the forecast period. The market's growth is driven by increasing disposable income, the expansion of residential real estate, and a growing demand for luxurious flooring options. Consumers are investing more in the aesthetics of their living spaces, leading to higher spending on home furnishings like carpets, rugs, and other floor coverings that enhance the visual appeal of their interiors.
The market studied consumes around 3 billion square meters annually, with ceramics and carpets each accounting for 34% of this consumption. Laminate makes up 15% of the consumption, and vinyl covers approximately 10%. Despite regulations on products emitting VOCs, Europe remains an attractive region in the flooring market. Carpet is trendy in Europe as a floor covering due to its numerous benefits, including limitless design options, noise control, thermal comfort, and its contribution to a safer environment that promotes overall well-being.
