Overview and Scope
Flooring contractors are flooring professionals and specialists who install flooring and floor coverings and help with the installation of carpet, resilient sheet products, resilient tile, and wood floors (including finishing and repairing).
Sizing and Forecast
The flooring contractors market size has grown strongly in recent years. It will grow from $199.32 billion in 2023 to $216.05 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to housing and commercial construction trends, renovation and remodeling activities, design and aesthetics preferences, population growth and urbanization, commercial and retail sector expansion..
The flooring contractors market size is expected to see strong growth in the next few years. It will grow to $302.67 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to innovation in flooring materials, green and eco-friendly building practices, shift in consumer preferences for luxury flooring, technological integration in flooring solutions, residential and commercial real estate development.. Major trends in the forecast period include digital tools for flooring design and visualization, expansion into resilient and soft flooring, emphasis on quick and efficient installation, e-commerce and online flooring sales, integration of recycled and upcycled materials..
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Segmentation & Regional Insights
The flooring contractors market covered in this report is segmented –
1) By Type: Carpet and Rug, Resilient Flooring, Non-Resilient Flooring
2) By Construction Type: New Construction, Renovation
3) By End Use: Residential, Non Residential
Asia-Pacific was the largest region in the flooring contractors market in 2023. The regions covered in the flooring contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Growth in renovation and remodeling activities is expected to propel the growth of the flooring contractors market going forward. Renovation and remodeling activities refer to the process of improving or modernizing an old, damaged, or defective building, and they are work that revives the existing structure but doesn’t change the layout. The number of homeowners and business organizations are undertaking a wide range of restoration and remodeling projects, including flooring improvements to upgrade aesthetics and provide better insulation, comfort, and durability to the structures. For instance, according to a US-based university, Harvard University’s Joint Center for Housing Studies (JCHS), in the USA, the home remodeling market reached $430 billion in 2022, an increase of 17% over last year. Therefore, the growth in renovation and remodeling activities is driving the growth of the flooring contractor market.
Key Industry Players
Major companies operating in the flooring contractors market report are Mohawk Industries Inc., Shaw Industries Group Inc., Empire Today LLC, Beaulieu International Group, Mannington Mills Inc., AWI Licensing LLC, Koetter Woodworking Inc., H. J. Martin & Son Inc., Redi Carpet Sales of Virginia Inc., Bonitz Company of Carolina Inc., Spectra Contract Flooring, Burke Industries Inc., Global Flooring Group, Polyflor Ltd., Crossville Inc., Armstrong Flooring Inc., Interface Inc., The Dixie Group Inc., Tarkett S.A., Forbo Holding AG, TOLI Corporation, Congoleum Corporation, CBC Flooring, National Floors Direct Inc., Artistic Floors by Design Inc., Alia’s Flooring and Remodeling, Shine Star Hardwood Flooring, Floor Coverings International, IVC Group Ltd., LG Hausys Ltd. .
The flooring contractors market report table of contents includes:
1. Executive Summary
2. Flooring Contractors Market Characteristics
3. Flooring Contractors Market Trends And Strategies
4. Flooring Contractors Market – Macro Economic Scenario
5. Global Flooring Contractors Market Size and Growth
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31. Global Flooring Contractors Market Competitive Benchmarking
32. Global Flooring Contractors Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Flooring Contractors Market
34. Flooring Contractors Market Future Outlook and Potential Analysis
35. Appendix
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