Hungary Commercial Flooring Market Size & Outlook
Hungary commercial flooring market, 2018-2030 (US$M)
Related Markets
Hungary commercial flooring market highlights
- The Hungary commercial flooring market generated a revenue of USD 198.5 million in 2022 and is expected to reach USD 286.5 million by 2030.
- The Hungary market is expected to grow at a CAGR of 4.7% from 2023 to 2030.
- In terms of segment, carpet was the largest revenue generating product in 2022.
- Vitrified (Porcelain) is the most lucrative product segment registering the fastest growth during the forecast period.
Commercial flooring market data book summary
| Market revenue in 2022 | USD 198.5 million |
| Market revenue in 2030 | USD 286.5 million |
| Growth rate | 4.7% (CAGR from 2022 to 2030) |
| Largest segment | Carpet |
| Fastest growing segment | Vitrified (Porcelain) |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramics, Vitrified (Porcelain), Carpet, Vinyl, LVT, Linoleum & Rubber, Wood & Laminate, Natural Stone, Other Products |
| Key market players worldwide | Armstrong Flooring Inc, RPM International Inc, Interface Inc, Forbo Holding AG, James Halstead PLC, Noxel Corp, Amtico International, Congoleum, Gerflor Group, Mohawk Industries Inc, Mannington Mills, Inc., Nora systems, TOLI |
Other key industry trends
- In terms of revenue, Hungary accounted for 0.1% of the global commercial flooring market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany commercial flooring market is projected to lead the regional market in terms of revenue in 2030.
- Ukraine is the fastest growing regional market in Europe and is projected to reach USD 351.7 million by 2030.
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Commercial Flooring Market Scope
Commercial Flooring Market Companies
| Name | Profile | # Employees | HQ | Website |
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Hungary commercial flooring market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial flooring market will help companies and investors design strategic landscapes.
Carpet was the largest segment with a revenue share of 26.1% in 2022. Horizon Databook has segmented the Hungary commercial flooring market based on ceramics, vitrified (porcelain), carpet, vinyl, lvt, linoleum & rubber, wood & laminate, natural stone, other products covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Hungarian Central Statistical Office (KSH), Hungary’s GDP growth was 4.6% in 2022, surpassing the pre-pandemic levels. However, the volume of construction output has plunged by 12% in May 2023, compared to May 2022 owing to the continuously rising inflation rates and material costs.
Investments in rebuilding are anticipated to help promote the growth of the commercial flooring market. For instance, in April 2022, two buildings were built in Buda Castle. Magyar Építő Zrt. won the tender for rebuilding the Palace of Archduke Joseph, whereas the Confector was the contractor for rebuilding the Hungarian Red Cross.
The industrial sector is doing well in the country. For example, in March 2022, the European Commission approved a EUR 209 million (~USD 226.4 million) aid for building SK Innovation’s first EV battery plant in Hungary.
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Target buyers of Hungary commercial flooring market databook
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Our clientele includes a mix of commercial flooring market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Hungary commercial flooring market, including forecasts for subscribers. This country databook contains high-level insights into Hungary commercial flooring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Hungary commercial flooring market size, by product, 2018-2030 (US$M)
Hungary Commercial Flooring Market Share, 2022 & 2030 (US$M)
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