The global flooring market is approximated to be USD 331.9 billion in 2023, and it is projected to reach USD 510.7 billion by 2028, at a CAGR of 9.0%. Flooring is a permanent finish material placed over the floor framework to create a walking surface. Flooring adds robustness to the surface, makes it easy to maintain, helps in making the surface sound free when moving. It makes the surface dry and devoid of moisture, and also heat- and fire-resistant in many cases. Flooring is used in end-use industries like residential and non-residential construction activities.
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Flooring provides insulation, finishing, and waterproofing to the floor surface. The demand for Flooring is furnished by global players manufacturing for various end-use sectors. Some of the leading companies involved in the manufacturing of Flooring are Mohawk Industries, Inc. (US), Tarkett (France), Forbo (Switzerland), Shaw Industries Group Inc. (Georgia), Interface, Inc. (US). These companies, along with other regional companies, cater to the demand for flooring products globally.
Mohawk Industries, Inc. engages in the manufacture, design, and distribution of residential and commercial flooring products. It operates through the following segments: Global Ceramic, Flooring North America (NA), and Flooring Rest of the World (ROW). The Global Ceramic segment manufactures ceramic, porcelain, and natural stone tile products used for wall and floor applications.
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Tarkett is among the leading flooring companies that offer a wide range of flooring solutions to commercial and residential end users. For 140 years, dedication to excellence, innovation, coupled with a long lasting commitment to sustainability, have contributed to the leading position of Tarkett in sports surfaces and cutting-edge flooring solutions. The company has a wide presence across all regions such as North America, South America, Europe, Asia Pacific, and the Middle East & Africa, with 34 industrial sites across the world.
Forbo is a global manufacturer and trader of floorings, adhesives, and conveyor technology. The company has two business segments i.e., Flooring Systems and Movement Systems. The Flooring Systems division includes commercial and residential floor coverings and segments. The Flooring Systems segment develops, produces, and sells linoleum, vinyl floorings, entrance flooring systems, carpet tiles; needle felt floor coverings, Flotex, the washable textile flooring, and building and construction adhesives.
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Other companies have initiated the following developments:
- In February 2023, Tarkett collaborated with Dutch design research firm Studio RENS, to launch DESSO X RENS, a range of carpet tiles that can be recycled into a new raw material.
- In November 2022 Mohawk Industries, Inc. announced the acquisition of Elizabeth Coatings, to become the largest producer of ceramic tiles by revenue in Brazil.
- In September 2021 Mohawk Industries, Inc increased the capacity for laminate flooring production in the Thomasville-based manufacturing plant.
- In January 2021 Mohawk Industries, Inc. has increased its production capacity by installing new extrusion and loom equipment.
- In June 2022 Forbo launched a brand new adhesive-free, Health, and Safety Executive (HSE) compliant safety flooring range: Surestep Fast Fit.
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