The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Increased household and commercial renovation activities are likely to promote modular flooring manufacturing innovation, pushing the market during the forecast period.

The global modular flooring market is expected to grow from $54.55 billion in 2022 to $58.58 billion in 2023 at a compound annual growth rate (CAGR) of 7.4%. The global modular flooring market size is expected to reach $74.92 billion in 2027 at a CAGR of 6.3%.

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Global Modular Flooring Market Segments Include:

• By Product Type: Ceramic, Rubber, Carpet Tile, Rigid LVT, Polyolefin (Non-vinyl), Flexible LVT, Others Product Types
• By Components: Polyvinyl Chloride Resins, Plasticizers, Trace Stabilizers, Pigments, Other Components
• By End Users: Retail, Healthcare, Education, Household, Workplace, Other End Users
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global modular flooring market in 2021.

Major Market Players in the modular flooring market include Mohawk Industries Inc., Shaw Industries Inc., Tarkett S.A., AHF LLC, Forbo Holding AG, Gerflor Group, Interface Inc., RK Rose+Kreiger GmbH, Swisstrax, PortaFloor.

Product innovations have emerged as the most popular trend in the modular flooring market. To increase their market position, major businesses in the modular flooring market are producing unique products. Patcraft, a Georgia-based manufacturer, for example, will unveil Organic Interruption, a new modular flooring series, in February 2020. Organic Interruption’s distinguishing features include two 18″ x 36″ carpet tiles with linear patterns broken by organic textures, the result of a natural interplay between organic materials and man-made structures. The Organic Interruption is intended to deal with market-driven advances within educational settings.

The Modular Flooring Global Market Report 2023  provides a modular flooring market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The modular flooring market forecast analyzes modular flooring market size, modular flooring market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Modular flooring is a surface finish and support covering that is put over the floor tiles. It is found in places like as shopping malls, offices, warehouses, and hospitals.

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