India is the Largest Flooring Market in the World

Global flooring market turnover grew by 10.3% in 2022. In the first six months of last year in particular, the industry experienced strong growth, especially in new construction, due to the need to catch up after the Corona crisis, according to a study by Interconnection Consulting.

Further growth was held back by the shortage of raw materials, rising prices, as well as increasing transportation costs and a shortage of skilled workers. Europe in particular will remain the most affected by these developments in the future. Overall, the increase in sales volumes worldwide was 4.0%. In the new construction sector, which benefited most from the catch-up process, sales increased globally by 6.9%. Residential construction showed stronger growth than non-residential construction, mainly because the share of new construction in the residential segment was stronger than in the non-residential segment, as Monika Pan, author of the study, explains.

India the New Growth Motor

The largest flooring market by sales is India, with a global share of 36.8%, followed by China with 29.6% and the U.S. with 12.2%. By turnover, the USA remains the clear number with a 24% share of the global market. Last year, the market volume in the USA was €26.8 billion followed by China with €20.2 billion and India €19.5 billion. Germany is the largest European market with around €7 billion. The market in India in particular will show strong volume growth in the future and will therefore soon overtake China’s market volume, while output in China and the USA will stagnate until 2025. Saudi Arabia is also achieving strong growth, with an annual increase of 17.6% by 2025.

Arabian Peninsula Is Different

Ceramic tiles are the dominant material worldwide, with a share of 67.7%. Resilient flooring is in second place. Sales are organized almost exclusively indirectly. The share of direct sales is only 15.4%. Only in the countries on the Arabian Peninsula is direct distribution dominant. The most important global players are Forbo, Amtico, Kährs, Mohawk, Tarkett, Interface, Kronospan, Gerfloor, Forbo, Shaw Floors, Junckers, Hamberger Flooring, Armstrong, Beaulieu, The Dixie Group. In total, the study examined 30 countries.

Link to News About the Floor Covering Market in Europe

Link to the report

10/02/2023

Copyright: Interconnection, Publication free of charge for coverage regarding the study and InterConnection Consulting.

Jan Hudak

> Learn more about Jan Hudak

After expanding his international experience (in USA, Sweden and Slovakia) from studies and short traineeships & internships in insurance at Allianz and public sphere at Ministry of Economy, Jan joined Interconnection Consulting as the Market Analyst responsible for various industries. Among them are boats, parquets & flooring, finance, healthcare & pharma, FM and some of the special technical & construction industries. During his work at Interconnection, he was invited to present some of the findings and data at the conferences or EXPOS. In addition, he creates data solutions for B2B & B2C segment. Also, in Interconnection he is in charge of internship programme in Bratislava as mentor as well as providing assistance to other colleagues and recently he became a consultant for untypical projects and business development.

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Tel:+43 1 585 46 23 10

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