Europe Flooring Market Outlook, 2027

The European region's flooring market has witnessed a robust increase in rate throughout the historic period. Some of the major factors contributing to the demand for flooring merchandise in this region are increasing income, growth in the residential land within the region, and rising demand for luxury flooring choices. There is a growing trend of paying attention to the styling and interiors of the living areas among shoppers, leading them to pay additional for home furnishings like carpets, rugs, and alternative floor coverings that augment the aesthetic charm of interiors. Europe has a large demand for flooring and it is appreciated all over Europe for speeding development and construction. Flooring materials are referred to as essentially use for end-users that are residential and industrial buildings, managing the landscape attributes for an appealing visual aesthetic look and providing support to within-styles inside a building. The flooring materials demand in Europe has already witnessed a large increase in demand for residential buildings in developing and developed countries. Residential end-users hold the biggest share of the flooring market, and it is the most important marketplace for floor coverings, followed by non-residential buildings, transportation, and alternative markets. According to the Outlook, "Europe Flooring Market Outlook, 2027" published by Bonafide Research, the flooring market is anticipated to grow at a 5.39% CAGR in terms of value during this forecasted period. Growing investment by major market players in the research and development of flooring has impacted the market's growth. Different types of flooring have gained market share in every region and globally. The majority of companies manufacture these products for residential use, both non-resilient and resilient. Resilient housing is in demand and construction has surged. They want both the exterior and interior to be designed. This has made market growth enormous. Carpets, rugs, and non-resilient materials are also in high demand is expected to grow rapidly because there is a continuous increase in construction of buildings, malls, and corporate institutions.

Germany, the United Kingdom, Italy, Spain, France and Russia are some of the prominent countries in European region. Europe has three climate zones, which are marine west coast, humid continental and Mediterranean. Most of the time, most countries experience cold. Therefore, the demand for non-resilient flooring is high. Non-resilient flooring has types like ceramic tile, laminate tile, wood and stone flooring. Therefore, in the majority of the three climate places, it has been noticed the most usage of non-resilient flooring. People who live in countries that experience a lot of cold prefer wood flooring and laminate flooring. And in countries that experience humid conditions, they install stone tile and marble tile flooring. These have the highest demand for wood and stone. Another one is the mixed climate, which is why people install ceramic tiles. These tile floors are long-lasting, non-reactive, and have to be less maintained. The flooring market in Europe is driven by the ease of installation of the product, which reduces the intermediary of skilled labor and is comparatively an economically smart option as compared to solid hardwood, engineered wood and stone floor coverings. The product can even replicate tile, stone, and wood patterns, providing customers with a wide range of options. Furthermore, the growing population and improving standards of living have led to a rise in the demand for modern housing, especially in emerging nations, which has consequently contributed to the growth of the industry. The demand for carpets has also increased as some countries experience cold throughout the year. Carpets and rugs are in high demand in colder climates. They absorb the air and protect you from the cold, thus increasing the demand for carpet. Households that have installed marble tile prefer to have carpet and rugs. And it has been noticed that the majority of the houses have installed wood flooring and carpet. Carpet is also used for decor for interior designs. The significant increase in demand for carpet and rugs is due to an increase in remodeling and renovation, growing consumer interest in interior decoration, rapid urbanization, and globalization. Significant investments in the real estate sector, increasing construction activities, and the escalating demand for wood-based flooring materials have fueled the growth of the industry across the region. The industry is further aided by the rising popularity of laminate flooring with advanced features such as better wear layers, custom prints and designs, high-quality visuals, enhanced locking mechanisms, and improved chemical resistance. Germany is one of the leading countries for flooring and is contributing to the growth of the European market due to huge production for floors and concrete. The French market is also one of those in Europe and it is dominating the market due to an increase in consumption of different floor types and construction. Significant investment has been made in different sectors, and these are the real estate sector, increasing construction activities, and an increase in demand for wood-based flooring materials, which have flourished the growth of the industry globally. COVID-19 Impact COVID-19 has affected number of industries in various ways. Construction for buildings and many other types of construction stopped. Therefore, the market share and market value also fell drastically. The supply chains as major economies across the globe suspended and delayed construction projects, also disrupted. Due to this, demand for resilient flooring products has been reduced in the residential and non-residential sectors. However, with the relaxation of lockdown and global trade restrictions, the situation was expected to improve, restoring the market's growth trajectory. Further, E-commerce sales of resilient flooring products increased in the first quarter of COVID-19 as consumers shifted their focus to online retail channels to meet their needs. Major Companies present in the market: Mohawk Industries Inc., Shaw Industries Group, Inc., Tarkett S.A., Milliken & Company, Forbo Holding AG, Beaulieu International Group, Interface, Inc., Amtico International Limited, Gerflor Group, James Halstead Plc, Mannington Mills, Inc., Parador GmbH, Swiss Krono Group, Victoria Plc, Armstrong Flooring, Inc.

Considered in this report: • Geography: Europe • Historic year: 2016 • Base year: 2021 • Estimated year: 2022 • Forecasted year: 2027 Aspects covered in this report: • Europe flooring Market with its value and forecast along with its segments • Country wise Flooring market analysis • Application wise flooring market distribution • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Countries covered in the report: • Germany • UK • France • Italy • Spain • Russia By material flooring material type in the report: • Resilient Flooring • Non-resilient flooring • Carpet and Rugs End use of flooring in the report: • Residential • Commercial • Industrial The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to solar panel coating industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.