Sheet Flooring Market Size, Share & Industry Analysis, By Type (Resilient flooring, Non-resilient flooring), By Application (Residential, Commercial) and Regional Forecast, 2024-2032

Sheet flooring is essential to the construction sector. It plays a major role in boosting a residential or commercial landscape's overall ambience. It is  a extremely durable flooring that is great for commercial areas. It has varieties such as   Wood-look vinyl sheet, stone-look vinyl sheet and tile-look vinyl sheet. Consumers switch from conventional gray quartzite to durable flooring owing to their light weight, cost-effectiveness and easy maintenance features . The sheet flooring is considered to be the most user-friendly solution. In addition,  certain sheets offer better moisture resistance compared and thus are deemed most beneficial in humid areas such as bathrooms.

Sheet flooring have a resistance and easy maintenance, and are therefore used for the construction and renovation of houses. Reasonable prices, accessibility for a wide variety of sizes, patterns, colors,  and texture has increased its demand for floor construction in various areas in the residential and commercial projects, thus driving market growth. However, sheet floorings are considered less environmentally friendly  because they can emit toxins and are hard to reuse. These factors pose a threat to human health  thus  are supposed to impede market growth.

Key Market Driver -

Increase in investments in the construction industry drives the market.

Key Market Restraint -

Rise in health & environmental concerns restrict the market growth

Market Segmentation:

Based on product type, the market for sheet flooring  is further segmented into resilient flooring and non-resilient flooring. Resilient flooring is further segmented into vinyl and others whereas non-resilient flooring is segmented into ceramic tiles, wood, laminate, stone and others. Based on application, the market for sheet flooring  is further segmented into residential and commercial. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The global sheet flooring  market is consolidated with the global & regional players operating. Some of the key players in the sheet flooring  market includes Mohawk Industries, Inc, Tarkett, Shaw Industries Group, Inc., AFI Licensing LLC, Gerflor, Forbo, Interface, Inc., TOLI Corporation, Beaulieu International Group and Milliken & Company.

Key Insights

• New Advancements in Production Technologies


• Key Trends in the Sheet Flooring  Market


• New Product Launches, Expansions, Key Players


• Ranking of Key Players in the Market

Regional Analysis:

In terms of Geography, the sheet flooring  market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In terms of both consumption and output the Asia-Pacific region dominates the sheet flooring  market. Sheet flooring with ceramic tiles have  dominated the flooring industry, through shifts in  customer tastes and patterns and more inclination towards that involve product variety and better designs which are able to have a strong effect on market development. North America holds a large market share and this can be attributed to population  growth , heavy investments in the construction sector, and  income growth  that boosts demand for improved residential construction, which in turn increases the need for sheet flooring in the industries. Europe was the regional market leader with an economy dominated by the construction applications. Changing the country's building and infrastructure patterns to develop modern architectural structures will definitely have a positive effect on sheet flooring market growth. The housing sector is experiencing rapid growth in emerging markets like South Africa, Turkey and India due to the easy accessibility of  loans and shifting customer lifestyle. Latin America is experiencing fairly steady growth in the sheet flooring market as a result of housing sector expansion, which will possibly effect the business development in these regions.

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Segmentation

Sheet Flooring Industry Developments

• In January 2018, Tarkett, a major manufacturer of floor and wall coverings, has unveiled that it has invested USD 85.9 million to significantly boost its Luxury Vinyl Tiles manufacturing capacity across Europe and North America. This was done to cater to the demands for customizable vinyl flooring. The investment will further affordably and efficiently increase efficiency.


• In December 2016, Shaw Industries announced that it has signed an agreement with US Floors, Inc. to acquire its luxury vinyl tile business. This was strategized to strengthen its position in the hard surface and luxury vinyl tile markets and further accelerate the product offering of Shaw Industries by involving composite flooring as well as hardwood products.