Mexico Commercial Flooring Market Size & Outlook, 2022-2030
Mexico commercial flooring market, 2018-2030 (US$M)
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Mexico commercial flooring market highlights
- The Mexico commercial flooring market generated a revenue of USD 3,525.9 million in 2022 and is expected to reach USD 4,886.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.2% from 2023 to 2030.
- In terms of segment, ceramics 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 3,525.9 million |
| Market revenue in 2030 | USD 4,886.9 million |
| Growth rate | 4.2% (CAGR from 2022 to 2030) |
| Largest segment | Ceramics |
| 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, Mexico accounted for 2.6% 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 North America, U.S. commercial flooring market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,990.1 million by 2030.
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Commercial Flooring Market Scope
Commercial Flooring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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.
Ceramics was the largest segment with a revenue share of 21.42% in 2022. Horizon Databook has segmented the Mexico 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.
In October 2020, the Mexican government announced a USD 14.2 billion infrastructure plan for upgrades and new construction of airports, ports, and housing projects. These planned projects are expected to be completed by end of 2023, creating a high demand for commercial flooring materials in this time frame.
Mexico has several established manufacturing industries such as automotive, construction, energy, and pharmaceutical. Factors such as low manufacturing cost of the products owing to the availability of raw materials, low labor cost, and vicinity to the U.S. have established Mexico as a manufacturing hub for automobiles, electronics, oil & gas, personal care, and pharmaceutical sectors.
This is expected to bolster the demand for flooring materials in industrial applications. In August 2021, the Mexican government reached an agreement with Mennonites, a community residing in southern Mexico, to stop deforestation in the area.
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Target buyers of Mexico 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 Mexico commercial flooring market, including forecasts for subscribers. This country databook contains high-level insights into Mexico commercial flooring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico commercial flooring market size, by product, 2018-2030 (US$M)
Mexico Commercial Flooring Market Share, 2022 & 2030 (US$M)
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