Technology Landscape, Trends and Opportunities in the Global Building Floor Market

The technologies in building floor have undergone significant change in recent years, with clay flooring to LVT (luxury vinyl tiles) flooring. The rising wave of new technologies such as ceramic and vinyl flooring are creating significant potential for advanced building floor in various construction platforms due to high strength, durability, and ease in installation.

In building floor market, various technologies such as carpets and rugs, wood, laminates, vinyl sheets and tiles, ceramic tiles, and stones are used in the residential and non-residential applications. Increasing new construction and renovation activities are creating new opportunities for various building floor technologies.

Some of the latest technological developments by various countries in the building floor market are as follows:

• China: The Chinese government has set ambitious sustainability targets for the construction industry, promoting the use of recycled and eco-friendly flooring materials. Companies like Shanghai-based Bioflor are responding with innovations like bio-based carpets made from corn starch, targeting a 20% market share in sustainable carpets by 2026.
• United States: US flooring companies are integrating smart technology. Mohawk Industries, a major player, announced a partnership with LG to develop self-regulating floor heating systems controlled by smartphones. This targets the growing demand for energy-efficient and user-friendly building solutions.
• Germany: Germany's focus on quality and durability is driving the popularity of luxury vinyl flooring (LVF). Companies like Deutsche Flooring are expanding their LVF collections with hyper-realistic wood and stone designs. This caters to the rising preference for aesthetics combined with easy maintenance.
• India: The Indian government's push for affordable housing initiatives is impacting the flooring market. Manufacturers like Kajaria Ceramics are introducing cost-effective yet stylish laminate and vinyl options to meet this demand. This is expected to significantly increase laminate and vinyl floor segment growth in the next few years.

This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the building floor market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.

 

 

• Carpets and Rugs
• Wooden Flooring
• Laminates
• Vinyl Sheets and Tiles
• Ceramic Tiles
• Stones

• Residential
  • Carpets and Rugs
  • Wooden Flooring
  • Laminates
  • Vinyl Sheets and Tiles
  • Ceramic Tiles
  • Stones
• Non-Residential
  • Carpets and Rugs
  • Wooden Flooring
  • Laminates
  • Vinyl Sheets and Tiles
  • Ceramic Tiles
  • Stones

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • United Kingdom
  • Germany
  • France
• Asia Pacific
  • Japan
  • China
  • South Korea
  • India
• The Rest of the World

Latest Developments and Innovations in the Building Floor Technologies

Companies / Ecosystems

Strategic Opportunities by Technology

Some of the building floor companies profiled in this report include Mohawk Industries, Shaw Industries, Tarkett, Armstrong Flooring, Forbo, Gerflor, Interface, Beaulieu International, TOLI Corporation, and Milliken & Company.

Below are the latest technological developments from top companies in the building floor market:

• Shaw Industries announced the launch of their new "EcoWorx" carpet tile collection made from 100% recycled materials, aligning with growing consumer demand for sustainable building products.
• Armstrong Flooring announced a significant CAPEX investment to expand their luxury vinyl tile (LVT) production capacity. This suggests a strategic shift towards the growing LVT segment within the wooden flooring market.
• Tarkett, a major player in wood flooring, recently partnered with the Forest Stewardship Council (FSC) to ensure their products are sourced from sustainably managed forests. This caters to the rising consumer preference for eco-friendly flooring solutions.
• The Weitzer Parkett Group, a European wood flooring manufacturer, announced their plans to introduce innovative water-resistant wood flooring options, targeting areas prone to moisture and humidity.
• The Egger Group, a major player in the laminate flooring industry, is reportedly investing in research and development to create more scratch-resistant and durable laminate flooring solutions.
• LG Hausys, a South Korean conglomerate, recently launched their next-generation LVT collection featuring enhanced durability and realistic wood-grain patterns.
• Mannington Mills, a leading flooring manufacturer, announced their commitment to achieving zero-waste-to-landfill status for their LVT production, highlighting their focus on environmental sustainability.
• Armstrong Flooring's CAPEX investment is directed towards expanding their LVT production capacity, indicating their belief in the future growth of this segment.

This report answers following 9 key questions:
Q.1 What are some of the most promising and high-growth technology opportunities for the building floor market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in building floor market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in building floor market?
Q.6 What are the latest developments in building floor technologies? Which companies are leading these developments? 
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this building floor market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this building floor technology space?