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By 2030, the global modular flooring market is predicted to be worth USD 97.48 billion, with a CAGR of 6.3% between 2022 and 2030.
Floors made from interlocking modules that don't require any extra fasteners or adhesives to stay in place are known as modular flooring. Because it can be arranged in any pattern to match any piece of equipment, modular flooring is perfect for reducing worker fatigue and enhancing ergonomic conditions. They can be removed and reused in numerous settings, including modular carpet, vinyl flooring, and raised floor systems. When compared to other flooring options, installing a modular floor has many benefits, including its components being easy to clean, inexpensive, long-lasting, requiring minimal care, and simple to set up. Vinyl tiles, carpet tiles, and linoleum tiles are the most typical types of modular flooring tiles.
For instance, Wearwell®, a manufacturer of revolutionary ergonomic modular flooring systems, included a diamond-plate, high-traction surface in its 24/Seven LockSafe line of products in February 2023. Due to the success of the original 24/Seven LockSafe and the demand for variants, Wearwell has introduced a diamond-plate model. As the most common and recognisable surface design in the business world, the diamond-plate pattern is ideal for traction.
Influential Elements
It is anticipated that the modular flooring market will continue to expand throughout the forecast period as a result of the rising importance of house decoration, customer satisfaction, and better lifestyles. More and more people are thinking about how their homes look and feel on a daily basis. Investing in modular flooring can also have a significant impact on a room's ambiance. Changing consumer preferences and an openness to new cultural norms in this area have contributed to a rise in the popularity of interior design.
The growth of the modular flooring market is being fueled by factors such as increased construction sector investments and an uptick in the overall number of refurbishment and remodelling projects. The region's economy is being propelled in large part by rising expenditures in the building construction sector and infrastructure investment. This means that spending on infrastructure and other large development projects is projected to expand considerably during the coming decade. Investment in infrastructure in essential areas like hospitality, healthcare, retail, and transportation is likely to rise as cities in newly industrialised countries like China, India, Brazil, Malaysia, and Indonesia grow at a rapid pace. Market potential is created by the growth of the organised retail sector and the increase in demand from emerging nations.
Factors That Hold It Back
However, waste disposal presents the greatest difficulty for the global modular flooring market. As the demand for modular flooring grows, so does the quantity of trash that is generated. Mismanagement, insufficient logistics assistance, a lack of standardisation in technical protocols, and the increasing complexity of products all contribute to the enormous volume of trash that is generated. Many flooring manufacturers have made significant strides in using recycled materials in their production processes. Despite these efforts, most trash ends up in landfills or incinerators, both of which are bad for the environment.
Flexible LVT, rigid LVT, carpet tile, non-vinyl, rubber, ceramic, and others are the various subsegments that make up the worldwide Modular Flooring market on the basis of product type. Over the estimated period of time, sales of carpet tiles will account for 58.6% of the total market revenue. Carpet tiles are quickly becoming the flooring material of choice in a variety of commercial and residential contexts, including eateries, shops, hotels, and other hospitality establishments. In many cases, broadloom carpet can be swapped out with carpet tiles, which are a more modern alternative to the traditional carpet installation method. These tiles can be obtained in pre-cut blocks and planks, constructions, and materials, and they provide the same cosy warmth and barefoot comfort that carpet is known for. They are easy to maintain and set up, and come in a wide variety of styles ideal for unwinding. They shorten the time required for setup while also decreasing waste. Carpet tiles can be employed in noise-sensitive environments because of their acoustic qualities. This flooring material has been rising in popularity as a result of the inclusion of new technology due to its low cost, durability, and attractive design variety.
The global Modular Flooring market is divided into the following categories based on end use: commercial, institutional, residential, and others. The workspace sector is expected to maintain its dominant position in the market and generate the highest revenue share of 57.2% over the projected period. Floors in high-traffic commercial areas must be durable enough to withstand the weight of numerous feet while still being easy to clean and maintain. Modular flooring has becoming increasingly popular in commercial spaces, and for good reason. Considerations such as budget, foot traffic, design, and upkeep schedules are crucial when deciding on the best flooring for a commercial space. Provision of enough navigation and office zoning measures in compliance with government regulations are examples of recent improvements that are critical to ensuring a safe workplace. By placing signs directly into the floor, employers provide their staff with a constant, clear, and visual reminder of how to get around the office. Carpet tiles and luxury vinyl tiles (LVT) products are two types of modular flooring that can be used singly or in combination and come in a wide range of colours and styles.
Report Coverage
Global Modular Flooring research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Modular Flooring report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Modular Flooring competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Modular Flooring market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Modular Flooring market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Modular Flooring market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Mohawk Industries (US), Shaw Industries (US), Tarkett (France), Armstrong Flooring (US), Forbo (Switzerland), Gerflor (France).
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Modular Flooring market based on the below-mentioned segments:
Global Modular Flooring Market, By Product Type
Flexible LVT
Rigid LVT
Carpet Tile
Non-Vinyl
Rubber
Ceramic
Others
Global Modular Flooring market, By Application
Workplace
Healthcare
Education
Retail
Household
Others
Global Modular Flooring market, Regional Analysis
Floors made from interlocking modules that don't require any extra fasteners or adhesives to stay in place are known as modular flooring. Because it can be arranged in any pattern to match any piece of equipment, modular flooring is perfect for reducing worker fatigue and enhancing ergonomic conditions. They can be removed and reused in numerous settings, including modular carpet, vinyl flooring, and raised floor systems. When compared to other flooring options, installing a modular floor has many benefits, including its components being easy to clean, inexpensive, long-lasting, requiring minimal care, and simple to set up. Vinyl tiles, carpet tiles, and linoleum tiles are the most typical types of modular flooring tiles.
For instance, Wearwell®, a manufacturer of revolutionary ergonomic modular flooring systems, included a diamond-plate, high-traction surface in its 24/Seven LockSafe line of products in February 2023. Due to the success of the original 24/Seven LockSafe and the demand for variants, Wearwell has introduced a diamond-plate model. As the most common and recognisable surface design in the business world, the diamond-plate pattern is ideal for traction.
Influential Elements
It is anticipated that the modular flooring market will continue to expand throughout the forecast period as a result of the rising importance of house decoration, customer satisfaction, and better lifestyles. More and more people are thinking about how their homes look and feel on a daily basis. Investing in modular flooring can also have a significant impact on a room's ambiance. Changing consumer preferences and an openness to new cultural norms in this area have contributed to a rise in the popularity of interior design.
The growth of the modular flooring market is being fueled by factors such as increased construction sector investments and an uptick in the overall number of refurbishment and remodelling projects. The region's economy is being propelled in large part by rising expenditures in the building construction sector and infrastructure investment. This means that spending on infrastructure and other large development projects is projected to expand considerably during the coming decade. Investment in infrastructure in essential areas like hospitality, healthcare, retail, and transportation is likely to rise as cities in newly industrialised countries like China, India, Brazil, Malaysia, and Indonesia grow at a rapid pace. Market potential is created by the growth of the organised retail sector and the increase in demand from emerging nations.
Factors That Hold It Back
However, waste disposal presents the greatest difficulty for the global modular flooring market. As the demand for modular flooring grows, so does the quantity of trash that is generated. Mismanagement, insufficient logistics assistance, a lack of standardisation in technical protocols, and the increasing complexity of products all contribute to the enormous volume of trash that is generated. Many flooring manufacturers have made significant strides in using recycled materials in their production processes. Despite these efforts, most trash ends up in landfills or incinerators, both of which are bad for the environment.
Flexible LVT, rigid LVT, carpet tile, non-vinyl, rubber, ceramic, and others are the various subsegments that make up the worldwide Modular Flooring market on the basis of product type. Over the estimated period of time, sales of carpet tiles will account for 58.6% of the total market revenue. Carpet tiles are quickly becoming the flooring material of choice in a variety of commercial and residential contexts, including eateries, shops, hotels, and other hospitality establishments. In many cases, broadloom carpet can be swapped out with carpet tiles, which are a more modern alternative to the traditional carpet installation method. These tiles can be obtained in pre-cut blocks and planks, constructions, and materials, and they provide the same cosy warmth and barefoot comfort that carpet is known for. They are easy to maintain and set up, and come in a wide variety of styles ideal for unwinding. They shorten the time required for setup while also decreasing waste. Carpet tiles can be employed in noise-sensitive environments because of their acoustic qualities. This flooring material has been rising in popularity as a result of the inclusion of new technology due to its low cost, durability, and attractive design variety.
The global Modular Flooring market is divided into the following categories based on end use: commercial, institutional, residential, and others. The workspace sector is expected to maintain its dominant position in the market and generate the highest revenue share of 57.2% over the projected period. Floors in high-traffic commercial areas must be durable enough to withstand the weight of numerous feet while still being easy to clean and maintain. Modular flooring has becoming increasingly popular in commercial spaces, and for good reason. Considerations such as budget, foot traffic, design, and upkeep schedules are crucial when deciding on the best flooring for a commercial space. Provision of enough navigation and office zoning measures in compliance with government regulations are examples of recent improvements that are critical to ensuring a safe workplace. By placing signs directly into the floor, employers provide their staff with a constant, clear, and visual reminder of how to get around the office. Carpet tiles and luxury vinyl tiles (LVT) products are two types of modular flooring that can be used singly or in combination and come in a wide range of colours and styles.
Report Coverage
Global Modular Flooring research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Modular Flooring report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Modular Flooring competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Modular Flooring market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Mohawk Industries (US), Shaw Industries (US), Tarkett (France), Armstrong Flooring (US), Forbo (Switzerland), Gerflor (France). |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Modular Flooring Market from 2021 to 2030.
- Market Forecast for Modular Flooring Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Modular Flooring competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Modular Flooring
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Modular Flooring market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Modular Flooring market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Mohawk Industries (US), Shaw Industries (US), Tarkett (France), Armstrong Flooring (US), Forbo (Switzerland), Gerflor (France).
Primary Target Market
- Market Players of Modular Flooring
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Modular Flooring market based on the below-mentioned segments:
Global Modular Flooring Market, By Product Type
Flexible LVT
Rigid LVT
Carpet Tile
Non-Vinyl
Rubber
Ceramic
Others
Global Modular Flooring market, By Application
Workplace
Healthcare
Education
Retail
Household
Others
Global Modular Flooring market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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