India Floor Covering Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 82.25 Million |
| Market Size (2029) | USD 97.87 Million |
| CAGR (2024 - 2029) | 3.53 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Floor Covering Market Analysis
The India Floor Covering Market size is estimated at USD 82.25 million in 2024, and is expected to reach USD 97.87 million by 2029, growing at a CAGR of 3.53% during the forecast period (2024-2029).
In India, the growth trends of the floor-covering industry have been similar to those of other segments in the construction industry. The flooring industry's developments are being driven by a growing emphasis on quality and the need to adhere to tight deadlines while staying within budget. Customers require quality, functionality, and long-term performance, all at competitive prices. Thus, floors that are easy to clean and maintain and offer excellent wear resistance are in demand. The healthy growth rate supported by industrialization and the buoyant urban infrastructure scenario may help the market's growth.
Similarly, the increase in metro rail projects and the subsequent demand for quality flooring at metro stations are emerging applications for the market. One of the trends in the Indian market is that the commercial flooring segment has been keeping up with the growth pace of the industrial flooring market. The market development is expected to increase shortly. Several policy initiatives can potentially propel the growth of the Indian floor-covering market. India is emerging as a critical global market for flooring products.
India Floor Covering Market Trends
Growing Demand for Ceramic Tiles in India: A Boon for the Floor Covering Industry
The Indian tile industry has gained international recognition as a global player and a source of foreign exchange in the ceramic tile market. Ceramic tiles are now a necessary component of home remodeling in India. Despite the general economic slowdown, the Indian tile business is still expanding at a good rate. The primary drivers of the ceramic tile market in India are the growth of the housing sector and government programs to support it. The expansion of the Indian retail sector has also impacted the demand for higher-end goods. The country's economy has greatly impacted the growth of India's ceramic tile industry. The sector is very capital-intensive, but it has the unique feature of being primarily indigenous and having a wealth of raw resources, technical know-how, and infrastructure.
Industrialization is Helping the Market to Grow
During the past 20 years, significant developments have occurred in the flooring sector of the construction business. The flooring industry has seen significant transformation due to the introduction of novel technologies and the growing utilization of specialized equipment, particularly in the industrial and commercial flooring sectors. India is becoming a major market for innovative technology, and the industrial and commercial flooring categories have been growing at a healthy rate in recent years. The growth of the flooring industry in India is based on the fact that commercial flooring has maintained a growth curve that corresponds to that of the industrial flooring market.
India Floor Covering Industry Overview
The floor-covering market in India is fragmented, with numerous competitors. The study includes key foreign companies involved in the Indian floor-covering industry. Kajaria, Welspun Flooring Ltd, Prism Johnson, Asian Granito, RAK Ceramics, S Orient Bell Ceramics, and Nitco. Several top companies now hold the majority of the market share in the tile industry. However, because of product innovation and technical improvement, mid-size and smaller businesses are expanding their market share by landing new contracts and breaking into untapped sectors.
India Floor Covering Market Leaders
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Welspun Flooring Ltd
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Kajaria Ceramics
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Nitco Tiles
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Orient Bell
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RAK Ceramics
*Disclaimer: Major Players sorted in no particular order
India Floor Covering Market News
- February 2024: Greenpanel, India’s largest wood panel manufacturer, extends its partnership with Delhi Capitals as Official Partner for the DC Women’s Team for the WPL 2024 edition.
- April 2022: Inovar Laminate Flooring now offers bony Building Systems with a thickness of 8 mm in USD, equivalent to INR 110/square foot in Kochi, Kerala.
India Floor Covering Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Urbanization and Population Growth
4.2.2 Growth in the Construction Industry is Driving the Market
4.3 Market Restraints
4.3.1 Economic Uncertainty
4.3.2 Increasing Competition in the Market
4.4 Market Opportunities
4.4.1 Rising Technological Innovations (Smart Flooring) in the Floor Covering Industry
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products and Services
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Technological Innovations in the Industry
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Carpet and Area Rugs
5.1.2 Wood Flooring
5.1.3 Ceramic Floor Tiles
5.1.4 Laminate Flooring
5.1.5 Stone Flooring
5.1.6 Vinyl Sheet and Floor Tiles
5.2 By Distribution Channel
5.2.1 Home Centers
5.2.2 Flagship Stores
5.2.3 Specialty Stores
5.2.4 Online
5.3 By End-user
5.3.1 Residential
5.3.2 Commercial
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Responsive Industries Ltd
6.1.2 RMG Polyvinyl India Ltd
6.1.3 Squarefoot
6.1.4 Cengres Tiles Ltd
6.1.5 Mohawk Industries Inc.
6.1.6 Armstrong Flooring, Inc.
6.1.7 Marvel Vinyls Limited
6.1.8 Nitco Limited
6.1.9 OrientBell Limited
6.1.10 Welspun Flooring Ltd
6.1.11 Indiana International Corporation Flooring Pvt. Ltd
6.1.12 Forbo Holding AG
6.1.13 Accord Floors
6.1.14 Oras Floorings
6.1.15 Somany Ceramics Ltd
6.1.16 RAK Ceramics PJSC
6.1.17 Kajaria Ceramics Ltd
6.1.18 Other Companies*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
India Floor Covering Industry Segmentation
A floor covering is a material used to adorn or protect floors. The research provides a thorough background analysis of the Indian floor-covering industry, including evaluating the parental market, rising trends by segment and regional markets, and notable shifts in the market's dynamics and overview. The India floor covering market is segmented by type, which includes carpet and area rugs, wood flooring, ceramic floor tiles, laminate flooring, stone flooring, vinyl sheet, and floor tiles, by distribution channels, including home centers, flagship stores, specialty stores, and online; and end-user including residential and commercial. The report offers market size and forecasts for the India floor-covering market in terms of revenue (USD) for all the above segments.
| By Type | |
| Carpet and Area Rugs | |
| Wood Flooring | |
| Ceramic Floor Tiles | |
| Laminate Flooring | |
| Stone Flooring | |
| Vinyl Sheet and Floor Tiles |
| By Distribution Channel | |
| Home Centers | |
| Flagship Stores | |
| Specialty Stores | |
| Online |
| By End-user | |
| Residential | |
| Commercial |
India Floor Covering Market Research FAQs
How big is the India Floor Covering Market?
The India Floor Covering Market size is expected to reach USD 82.25 million in 2024 and grow at a CAGR of 3.53% to reach USD 97.87 million by 2029.
What is the current India Floor Covering Market size?
In 2024, the India Floor Covering Market size is expected to reach USD 82.25 million.
Who are the key players in India Floor Covering Market?
Welspun Flooring Ltd, Kajaria Ceramics, Nitco Tiles, Orient Bell and RAK Ceramics are the major companies operating in the India Floor Covering Market.
What years does this India Floor Covering Market cover, and what was the market size in 2023?
In 2023, the India Floor Covering Market size was estimated at USD 79.35 million. The report covers the India Floor Covering Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Floor Covering Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Floor Covering Industry Report
Statistics for the 2024 India Floor Covering market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Floor Covering analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
