Australia Flooring Market (2020-2026) | Trends, Revenue, COVID-19 IMPACT, Outlook, Forecast, Share, Analysis, Companies, Size, Industry, Growth & Value

Australia Flooring Market Highlights

Report Name	Australia Flooring Market
Forecast period	2024-2030
CAGR	5%
Growing Sector	Residential

Topics Covered in the Australia Flooring Market Report

Australia Flooring Market report thoroughly covers the market by product type and application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Australia Flooring Market Synopsis

Australia Flooring Market is characterized by a robust mix of demand across various flooring types, including carpets, hardwood, vinyl, and laminate, among others. It is driven by factors such as the growing Australian population, increasing urbanization, and a rising preference for sustainable and eco-friendly flooring solutions. The market is further fueled by the renovation and home improvement sector, as homeowners continue to invest in upgrading and personalizing their living spaces. Despite facing challenges like fluctuating material costs and the impact of global economic conditions, the market opportunities lie in technological advancements, the rising popularity of DIY (do-it-yourself) flooring projects, and an increasing emphasis on aesthetic appeal in both residential and commercial properties. With its vibrant landscape, the Australian flooring market continues to evolve, offering a wide range of products to meet diverse consumer needs and preferences.

According to 6Wresearch, the Australia Flooring Market size is projected to grow at the CAGR of 5% during the forecast period of 2024-2030. One of the primary drivers of this market is the overall growth of the construction industry in Australia. The government's increased investments and initiatives towards infrastructure development have also fueled the demand for flooring materials. Furthermore, with the rising trend of green buildings, there is a growing demand for eco-friendly flooring options, which has further boosted the market growth. One of the significant challenges faced by the Australian flooring market is the increasing competition from low-cost imports. The availability of cheaper flooring materials from other countries has put pressure on local manufacturers, forcing them to lower their prices to remain competitive. Additionally, fluctuating raw material costs and strict environmental regulations also pose challenges for the market. The Australia flooring Industry presents several opportunities for growth as the demand for sustainable and innovative flooring solutions continues to rise. There is a growing trend towards using eco-friendly and low-maintenance flooring materials, which presents opportunities for manufacturers to develop new products that cater to these demands. Moreover, the rise in renovation and remodeling projects also provides a significant opportunity for the market. The demand for flooring materials in Australia is primarily driven by the residential and commercial construction sectors. With an increasing population and urbanization, the demand for new housing and commercial spaces is on the rise, which directly impacts the flooring market. Furthermore, the renovation and remodeling activities in the country also contribute to the overall demand for flooring materials.

Government policies and schemes introduced in the Australia Flooring Market

The Australian government has implemented a range of policies and schemes aimed at promoting sustainable practices in the construction and housing sectors, including the flooring industry. Initiatives such as the National Construction Code (NCC) mandate certain standards for materials and practices to ensure they meet sustainability and efficiency criteria. Furthermore, schemes like the Green Building Council of Australia's Green Star rating system encourage the use of eco-friendly materials, including recycled flooring products, by awarding certifications to projects that achieve high levels of environmental sustainability. These policies not only support the push towards greener building materials but also raise consumer awareness about sustainable options.

Leading players in the Australia Flooring Market

The flooring market in Australia is dynamic and competitive, featuring several key players that significantly contribute to its growth and innovation. Among these leaders are Armstrong Flooring Pty Ltd, known for their durable and high-quality vinyl and laminate flooring options; Godfrey Hirst Australia, recognized for their extensive range of carpets and hard surface flooring products; and Boral Timber, a prominent name in hardwood flooring, celebrated for its commitment to sustainability and the environment. These companies not only dominate the market share but also lead in terms of product innovation, customer service, and eco-friendly practices.

Future Insight of the Australia Flooring Market

The future of the Australian flooring market looks promising with continued growth expected in the coming years. The rise in new housing construction, increasing home renovation projects, and expanding commercial sector are all factors that will contribute to this growth. There is a growing demand for innovative and personalized flooring options, which presents an opportunity for manufacturers to develop and introduce new products into the market.

Market analysis by product Type

The resilient flooring segment is expected to lead Australia Flooring Market Growth. This can be attributed to the increasing demand for durable and low-maintenance flooring solutions, especially in high-traffic areas such as commercial buildings and public spaces. Additionally, advancements in technology have led to the development of more innovative and sustainable options within this segment, further driving its growth.

Market analysis By Applications

According to Ravi Bhandari, Research Head, 6Wresearch, the residential and commercial segments are expected to grow in the Australian flooring market due to increasing demand for new housing and commercial spaces, as well as renovation and remodeling activities.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Australia Flooring Market Outlook
• Market Size of Australia Flooring Market, 2023
• Forecast of Australia Flooring Market, 2030
• Historical Data and Forecast of Australia Flooring Revenues & Volume for the Period 2020- 2030
• Australia Flooring Market Trend Evolution
• Australia Flooring Market Drivers and Challenges
• Australia Flooring Price Trends
• Australia Flooring Porter's Five Forces
• Australia Flooring Industry Life Cycle
• Historical Data and Forecast of Australia Flooring Market Revenues & Volume By Product Type for the Period 2020- 2030
• Historical Data and Forecast of Australia Flooring Market Revenues & Volume By Soft Coverings for the Period 2020- 2030
• Historical Data and Forecast of Australia Flooring Market Revenues & Volume By Resilient Flooring for the Period 2020- 2030
• Historical Data and Forecast of Australia Flooring Market Revenues & Volume By Non-Resilient Flooring for the Period 2020- 2030
• Historical Data and Forecast of Australia Flooring Market Revenues & Volume By Seamless Flooring for the Period 2020- 2030
• Historical Data and Forecast of Australia Flooring Market Revenues & Volume By Applications for the Period 2020- 2030
• Historical Data and Forecast of Australia Flooring Market Revenues & Volume By Residential for the Period 2020- 2030
• Historical Data and Forecast of Australia Flooring Market Revenues & Volume By Commercial for the Period 2020- 2030
• Historical Data and Forecast of Australia Flooring Market Revenues & Volume By Industrial for the Period 2020- 2030
• Australia Flooring Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By Applications
• Australia Flooring Top Companies Market Share
• Australia Flooring Competitive Benchmarking By Technical and Operational Parameters
• Australia Flooring Company Profiles
• Australia Flooring Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Product Type

• Soft Coverings
• Resilient Flooring
• Non-Resilient Flooring
• Seamless Flooring

By Applications

• Residential
• Commercial
• Industrial