Italy Flooring Market Size & Outlook, 2023-2030
Italy flooring market, 2018-2030 (US$M)
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Italy flooring market highlights
- The Italy flooring market generated a revenue of USD 5,686.6 million in 2023 and is expected to reach USD 7,912.4 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, residential was the largest revenue generating application in 2023.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
Flooring market data book summary
| Market revenue in 2023 | USD 5,686.6 million |
| Market revenue in 2030 | USD 7,912.4 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Residential |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-Residential |
| Key market players worldwide | Mohawk Industries Inc, Tarkett SA, Forbo Holding AG, Interface Inc, James Halstead PLC, Atlas Copco AB ADR |
Other key industry trends
- In terms of revenue, Italy accounted for 3.6% of the global flooring market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, Germany flooring market is projected to lead the regional market in terms of revenue in 2030.
- Italy is the fastest growing regional market in Europe and is projected to reach USD 7,912.4 million by 2030.
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Flooring Market Scope
Flooring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Italy 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 flooring market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 52.34% in 2023. Horizon Databook has segmented the Italy flooring market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
In November 2020, the Italian government introduced a policy known as the Super bonus. As per the Super bonus, the government pays 110% of the building cost to make existing residences eco-friendly. In March 2023, the new Italian government announced the ‘Decreto Aiuti Quarter’ (Amendment to the Subsidies Decree) and the Budget Law 2023, which scaled back the subsidy to 90%.
Moreover, the subsidy will be gradually reduced to 70% in 2024 and 65% in 2025. This policy is expected to increase the consumption of flooring products in the country. According to Trading Economics, the construction output of Italy increased by 14.8% in January 2024 compared to January 2023.
Therefore, a modest recovery in construction activities resulted in a positive demand for construction materials, such as flooring. The Italian government is further introducing a recovery and resilience plan by investing USD 18.32 billion for transiting energy efficiency in residential and public buildings.
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Horizon Databook provides a detailed overview of country-level data and insights on the Italy flooring market , including forecasts for subscribers. This country databook contains high-level insights into Italy flooring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Italy flooring market size, by application, 2018-2030 (US$M)
Italy Flooring Market Outlook Share, 2023 & 2030 (US$M)
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