Smart Flooring Market
Smart Flooring Market Forecasts to 2030 - Global Analysis By Product Type (Sensor-Embedded Flooring, Energy-Harvesting Flooring, Interactive Flooring, Temperature-Controlled Flooring and Other Product Types), Material, Technology, Application and By Geography
According to Stratistics MRC, the Global Smart Flooring Market is accounted for $370.2 million in 2024 and is expected to reach $6424.0 million by 2030 growing at a CAGR of 60.9% during the forecast period. Smart flooring is advanced flooring solutions integrated with technology to offer enhanced functionalities beyond traditional flooring. These smart floors often include sensors, connectivity features, and interactive elements that can detect movement, monitor health parameters, adjust to environmental conditions, and communicate with other smart home devices. They are designed to improve safety, energy efficiency, and overall user experience in residential, commercial, and industrial environments. Smart flooring can be integrated with home automation systems, enabling the regulation of lighting, temperature, and other environmental factors to optimize comfort and energy efficiency
According to the United Nations, heat and electricity generation is the most significant source of global greenhouse gas emissions, accounting for about 35%.
Market Dynamics:
Driver:
Rising adoption of smart home and building technologies
Smart flooring improves the interactivity and user experience in smart homes by allowing users to control lighting, colors, patterns, and displays. It integrates with home automation systems, ensuring smooth regulation of various components. Smart flooring also enhances safety by incorporating sensors to detect movements and falls, especially beneficial for elderly residents. Some systems can track vital signs or gait changes, offering potential health benefits.
Restraint:
Lack of standardization and interoperability
Smart flooring systems may face compatibility challenges when not integrated with existing building automation or smart home devices, causing additional costs and time. Additionally, customers may be limited in their flexibility and choice, as they may be locked into a specific manufacturer's ecosystem, leading to suboptimal solutions that may not fully meet their needs hampering the growth of the market.
Opportunity:
Technological advancements in sensor and analytics capabilities
Smart flooring systems use advanced technology to collect real-time data on foot traffic, environmental conditions, and potential hazards. This data is analyzed for insights into usage patterns and safety concerns, improving operational efficiency and user safety. Advanced sensors can also detect falls, spills, and emergencies, making them beneficial in healthcare facilities and elderly homes. This continuous monitoring contributes to a safer living and working environment.
Threat:
Lack of awareness and technical expertise
Smart flooring adoption rates may be reduced due to a lack of awareness among potential customers about its benefits and functionalities. This can lead to hesitancy in investing in these advanced technologies. Additionally, the complexity of smart flooring systems necessitates technical expertise for installation and maintenance, which can be deterred by a shortage of skilled professionals. This can result in dissatisfaction and potential abandonment of the technology.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the smart flooring market by disrupting supply chains and decreasing construction activity. Lockdowns and economic downturns delayed installations, leading to a reduced demand for smart flooring solutions as remote work became prevalent. However, the pandemic also highlighted the importance of smart flooring in enhancing hygiene and safety. As businesses and consumers prioritized safety measures, interest in smart flooring with contactless features and improved hygiene controls increased, paving the way for market recovery and growth in the post-pandemic era, indicating a shift towards safety-focused solutions
The sensor-embedded flooring segment is expected to be the largest during the forecast period
The sensor-embedded flooring is expected to be the largest during the forecast period because these systems collect real-time data on foot traffic, environmental conditions, and hazards, enhancing decision-making and operational efficiency in residential and commercial settings. They can detect movements, falls, and spills, providing alerts to users or caregivers, especially in healthcare facilities and elderly homes. This enhances safety and security, driving demand for smart flooring solutions, contributing to a safer living and working environment.
The wireless connectivity segment is expected to have the highest CAGR during the forecast period
The wireless connectivity segment is expected to have the highest CAGR during the forecast period as it offers improved user experience and customization through mobile apps or voice commands, allowing users to adjust lighting, temperature, and other settings based on their preferences. This scalability allows for easy expansion and upgrades as technology evolves, future-proofing investments and encouraging long-term adoption of wireless smart flooring solutions in residential and commercial settings.
Region with largest share:
North America is projected to hold the largest market share during the forecast period due to emerging smart technologies and the rising adoption of smart buildings in the region. North America is also a prominent place for top events, such as music festivals, sports leagues, and product or service launches, thereby boosting the scope of intelligent flooring applications in the region. The region also has a vast presence of emerging tech-based start-ups that contribute toward technological developments in various countries across the region.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period owing to factors such as increasing investment in affordable housing, smart city construction, upgradation & construction of infrastructure, and investment in the tourism sector and the construction industry in the Asia Pacific is expected to grow on account of the rising per capita income, rapid urbanization, and expanding population. The expansion of residential, commercial, and industrial sectors on account of sustainable economic growth in the region is expected to boost construction activities, thereby, driving the market for flooring over the forecast period.
Key players in the market
Some of the key players in Smart Flooring market include American Pro Marketing, LLC., Beaulieu International Group, Daltile, Energy Floors, Forbo Flooring Systems, Future-Shape Gmbh, Gerflor Group, LG Hausys, MariCare, Mohawk Industries, Pavegen, Scanalytics In, Tarkett, Technis SA and Wixalia
Key Developments:
In May 2024, Among the Flemish industrial partners Beaulieu International Group (B.I.G.), INEOS Inovyn, SIOEN industries, Empire Carpets and ExxonMobil Chemical Europe, the Walloon industrial partner INEOS Inovyn, and the knowledge partner Centexbel.
In June 2022, Mohawk Industries, Inc. announced that it has entered into an agreement to purchase the Vitromex ceramic tile business from Grupo Industrial Saltillo (GIS) for approximately $293 million in cash.
Product Types Covered:
• Sensor-Embedded Flooring
• Energy-Harvesting Flooring
• Interactive Flooring
• Temperature-Controlled Flooring
• Other Product Types
Materials Covered:
• Concrete
• Wood
• Tiles
• Vinyl
• Carpet
• Other Materials
Technologies Covered:
• Sensors
• Wireless Connectivity
• Data Analytics
• Integration
• Other Technologies
Applications Covered:
• Residential
• Commercial
• Healthcare
• Industrial
• Sports & Fitness
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Smart Flooring Market, By Product Type
5.1 Introduction
5.2 Sensor-Embedded Flooring
5.3 Energy-Harvesting Flooring
5.4 Interactive Flooring
5.5 Temperature-Controlled Flooring
5.6 Other Product Types
6 Global Smart Flooring Market, By Material
6.1 Introduction
6.2 Concrete
6.3 Wood
6.4 Tiles
6.5 Vinyl
6.6 Carpet
6.7 Other Materials
7 Global Smart Flooring Market, By Technology
7.1 Introduction
7.2 Sensors
7.3 Wireless Connectivity
7.4 Data Analytics
7.5 Integration
7.6 Other Technologies
8 Global Smart Flooring Market, By Application
8.1 Introduction
8.2 Residential
8.3 Commercial
8.4 Healthcare
8.5 Industrial
8.6 Sports & Fitness
8.7 Other Applications
9 Global Smart Flooring Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 American Pro Marketing, LLC.
11.2 Beaulieu International Group
11.3 Daltile
11.4 Energy Floors
11.5 Forbo Flooring Systems
11.6 Future-Shape Gmbh
11.7 Gerflor Group
11.8 LG Hausys
11.9 MariCare
11.10 Mohawk Industries
11.11 Pavegen
11.12 Scanalytics In
11.13 Tarkett
11.14 Technis SA
11.15 Wixalia
List of Tables
1 Global Smart Flooring Market Outlook, By Region (2022-2030) ($MN)
2 Global Smart Flooring Market Outlook, By Product Type (2022-2030) ($MN)
3 Global Smart Flooring Market Outlook, By Sensor-Embedded Flooring (2022-2030) ($MN)
4 Global Smart Flooring Market Outlook, By Energy-Harvesting Flooring (2022-2030) ($MN)
5 Global Smart Flooring Market Outlook, By Interactive Flooring (2022-2030) ($MN)
6 Global Smart Flooring Market Outlook, By Temperature-Controlled Flooring (2022-2030) ($MN)
7 Global Smart Flooring Market Outlook, By Other Product Types (2022-2030) ($MN)
8 Global Smart Flooring Market Outlook, By Material (2022-2030) ($MN)
9 Global Smart Flooring Market Outlook, By Concrete (2022-2030) ($MN)
10 Global Smart Flooring Market Outlook, By Wood (2022-2030) ($MN)
11 Global Smart Flooring Market Outlook, By Tiles (2022-2030) ($MN)
12 Global Smart Flooring Market Outlook, By Vinyl (2022-2030) ($MN)
13 Global Smart Flooring Market Outlook, By Carpet (2022-2030) ($MN)
14 Global Smart Flooring Market Outlook, By Other Materials (2022-2030) ($MN)
15 Global Smart Flooring Market Outlook, By Technology (2022-2030) ($MN)
16 Global Smart Flooring Market Outlook, By Sensors (2022-2030) ($MN)
17 Global Smart Flooring Market Outlook, By Wireless Connectivity (2022-2030) ($MN)
18 Global Smart Flooring Market Outlook, By Data Analytics (2022-2030) ($MN)
19 Global Smart Flooring Market Outlook, By Integration (2022-2030) ($MN)
20 Global Smart Flooring Market Outlook, By Other Technologies (2022-2030) ($MN)
21 Global Smart Flooring Market Outlook, By Application (2022-2030) ($MN)
22 Global Smart Flooring Market Outlook, By Residential (2022-2030) ($MN)
23 Global Smart Flooring Market Outlook, By Commercial (2022-2030) ($MN)
24 Global Smart Flooring Market Outlook, By Healthcare (2022-2030) ($MN)
25 Global Smart Flooring Market Outlook, By Industrial (2022-2030) ($MN)
26 Global Smart Flooring Market Outlook, By Sports & Fitness (2022-2030) ($MN)
27 Global Smart Flooring Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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