Flooring Industry Overview

Chapter three provides a high level overview of the residential flooring industry including historical current and future industry perspectives as well as a look at current and anticipated manufacturing issues and trends.

Flooring industry overview.

Commercial flooring market revenue by application 2016 healthcare is projected to foresee volume growth at a cagr of 6 4 from 2017 to 2025. It presents historical demand production and net exports data 2007 2012 and 2017 and demand forecasts 2022 and 2027 by product nonresilient flooring resilient flooring carpets and rugs market residential buildings nonresidential buildings transportation. Flooring installers in the us industry outlook 2020 2025 poll average industry growth 2020 2025. The well established construction industry in u s.

The growth in the region can be attributed to the growing construction industry supportive government policies plans and rapid urbanization. Global industry trends share size growth opportunity and forecast 2019 2024. 5 2020 at 4 59 a m. The asia pacific market for flooring is projected to grow at the highest cagr from 2018 to 2027.

This ranges from macro overview of the market to micro details of the industry. The increase in residential and commercial construction activities are driving the growth of the flooring market. Global flooring industry overview. The future of the vinyl flooring market in the united states looks promising with opportunities in residential and non residential applications.

X x lock purchase this report or a membership to unlock the average company profit margin for this industry. The chapter also covers current market conditions in the new construction and renovation residential segments. And canada coupled with rising demand for single family houses is likely to provide growth opportunities for the market. The industry is further accelerated by the several advantages that vinyl flooring offers such as cost effectiveness easy installation and maintenance and moisture resistance.

A key factor driving the growth of the market is the rapid rise in the construction sector. Asia pacific is projected to be the fastest growing market for flooring during the forecast period. Press release hard wood flooring industry 2020 by market overview opportunities driving force market risks and forecast to 2026 published. In north america the demand for resilient flooring stood at usd 63 4 billion and is anticipated to accelerate at a cagr of 5 6 over the forecast period.