Latin America Flooring Market Size & Outlook, 2023-2030
Latin America flooring market, 2018-2030 (US$M)
Related Markets
Latin America flooring market highlights
- The Latin America flooring market generated a revenue of USD 20,267.7 million in 2023.
- The market is expected to grow at a CAGR of 3.1% 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.
Latin America data book summary
| Market revenue in 2023 | USD 20,267.7 million |
| Market revenue in 2030 | USD 25,175.0 million |
| Growth rate | 3.1% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Residential |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 12.9% of the global flooring market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 88,717.4 million by 2030.
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Flooring Market Scope
Flooring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 57.51% in 2023. Horizon Databook has segmented the Latin America flooring market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
The construction industry in Central & South America is expected to witness considerable growth during the forecast period, owing to increasing investments in various infrastructure development projects by foreign and domestic market players in the region. The countries contributing significantly to the growth of the economy of Central & South America are Argentina, Brazil, Chile, Colombia, and Peru.
The region is focusing on economic recovery, as it needs to overcome the fallout of the pandemic by improving productivity, paying attention to debts, promoting education, and realigning the economy with sustainable management of the environment. The economic recovery of the region will directly influence construction spending and promote the demand for flooring.
Moreover, changes in consumer preferences for flooring, low production costs of resins, and increase in disposable income of the working population, along with ongoing industrialization, in the region are anticipated to drive the economic growth of Central & South America over the next few years.
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Our clientele includes a mix of flooring market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America flooring market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America flooring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America flooring market
Latin America Flooring Market Outlook Share, 2023 & 2030 (US$M)
Latin America flooring market
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