The global flooring and carpets market is projected to grow at a compound annual growth rate of 5.4% between 2023 and 2030, according to a Persistence Market Research analysis. As demand for flooring grows across residential, commercial and industrial sectors, market value is forecast to increase from $303.2 billion to $438.2 billion by 2030.
Predicted market growth will be driven by macroeconomic infrastructure investments, an increase in construction activities, and continued adoption of smart, durable and sustainable flooring, the analysis says.
Read a summary of the report here. The full report can be accessed by purchasing a Persistence Market Research license for $4,995 here.
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