Market Size of Non-Resilient Floor Covering Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 41.52 Billion |
| Market Size (2029) | USD 61.47 Billion |
| CAGR (2024 - 2029) | 8.17 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Non-Resilient Floor Covering Market Analysis
The Non-Resilient Floor Covering Market size is estimated at USD 41.52 billion in 2024, and is expected to reach USD 61.47 billion by 2029, growing at a CAGR of 8.17% during the forecast period (2024-2029).
The market is experiencing significant growth, with projections indicating continued expansion during the forecast period. This market includes various organic hard surface flooring materials such as ceramic and porcelain tiles, hardwood (both solid and engineered), laminates, natural stone, slate, and bricks. The anticipated high growth is driven by increasing activities in new home and commercial construction, particularly in developing economies, as well as a surge in homeowner remodelling due to rising residential property prices globally. Suppliers of ceramic and stone products are increasingly leveraging online retail channels and technological advancements in mining to lower prices of natural and manufactured stones, thereby further fuelling industry growth.
The demand for non-resilient flooring products is further driven by factors such as water resistance, ease of cleaning, enhanced comfort, and durability. Among these, the ceramic tiles segment is poised for rapid expansion over the forecast period, buoyed by the multitude of benefits they offer. With such favourable market dynamics, opportunities abound for stakeholders to capitalize on technological advancements, expand online retail presence, and innovate product offerings to meet evolving consumer preferences, ensuring sustained growth and competitiveness in the market.
