North America Flooring Market Outlook, 2027

North America Flooring Market Outlook, 2027

The flooring market in North America has gained a huge momentum in recent years. The resilient material and non-resilient flooring materials are in great demand in North America. Most of the cities in North America have largely installed resilient flooring as well as non-resilient flooring. Resilient flooring has sub type of vinyl flooring, and this is most often used for resilient flooring. Non-resilient flooring market products do not flex under pressure and are made of organic hard-surface flooring materials, such as ceramic and porcelain tiles, solid and engineered hardwood, laminates, natural stone, slate, and bricks. The market is expanding rapidly as a result of new building construction and upcoming commercial projects.

According to the Outlook, ""North America Flooring Market Outlook, 2027"" published by Bonafide Research, the flooring market is anticipated to grow at a 5.69% CAGR in terms of value during this forecasted period. Growing investment by major market players in the research and development of flooring has impacted the market's growth. The majority of companies manufacture these products for residential use, both non-resilient and resilient. Resilient housing is in demand and construction has surged. They want both the exterior and interior to be designed. This has made market growth enormous. Carpets, rugs, and non-resilient materials are also in high demand and these demands are expected to grow rapidly because there is a continuous increase in construction of buildings, malls, and corporate institutions.

There is a huge demand for property, and resale is also high, which is being renovated and some inside decorative work is being done, which is leading to market growth. Many projects have already been sold and, therefore, the increase in demand for different floor types is also increasing. This has made the prices for residential and commercial houses and flats increase. The demand for ceramic and stone tile flooring has increased in recent times, and this is due to online retailing channels. As a result, the market is expanding rapidly. Some of the benefits of non-resilient flooring are that it is water resistant and easy to clean, and it gives comfort and more durability.

The non-resilient flooring market is huge and includes wood flooring, laminate flooring, stone flooring, and ceramic tile flooring. Hardwood flooring has huge demand and therefore is driving the market growth. They are hardwood flooring and some of the varieties and types of wood are ample; hickory, oak, and some other known hardwood species for flooring. The Janka scale is used to assess the durability of hardwood. Engineered wood in high gloss and matte finishes is becoming more widely available in the North American home wood flooring market to meet the needs of customers. Engineered wood, on the other hand, is being lauded for its environmental friendliness over solid wood flooring, which contributes to fewer trees being felled. Residential applications in damp locations such as bathrooms, as well as over concrete in basements, are attracting engineered floors due to their versatility over hardwood. Laminate flooring is also driving the market growth.

In some countries of North America, laminate flooring has become famous. Laminate flooring is becoming a popular option for people who want to enhance their flooring but aren't concerned about long-term real estate value. As a result, manufacturers in the North American residential wood flooring market are increasing their production capacity as the market grows. Luxury vinyl tiles, on the other hand, pose a threat to laminate flooring due to their water resistance. The concept of a floating hardwood floor is causing the home wood flooring business in North America to grow. For example, Stellar Innovations, a U.S.-based manufacturer of patented hardwood flooring, has proven efficacy in floating hardwood floors that fulfill users' needs. Companies are putting more effort into making floating solid wood and engineered wood floors available at competitive pricing. They are durable, and non-resilient flooring can generally last longer than resilient flooring. Carpets and rugs are also evaluated in our report. Due to the extreme development of buildings, these carpets and rugs are in high demand. People nowadays design for both the inside and outside of their homes, so the use of carpets and rugs has boosted the market growth.

COVID-19 Impact
COVID-19 has had a large impact in a variety of ways. Building and other types of construction ceased, resulting in a significant drop in market share and market value. The supply networks of major economies throughout the world halted and postponed construction projects. The demand for resilient flooring products in the residential and non-residential sectors has decreased as a result of this. The situation was projected to improve as a result of the reduction of lockdown and worldwide trade restrictions, restoring the market's development trajectory. The COVID-19 epidemic has had a major influence on resilient flooring distribution and retail. Consumers turned their focus to online retail channels to suit their needs in the first quarter of COVID-19, resulting in a rise in e-commerce sales of resilient flooring products.

Major Companies present in the market:
Mohawk Industries Inc., Shaw Industries Group, Inc., Tarkett S.A., Milliken & Company, Forbo Holding AG, Beaulieu International Group, Interface, Inc., Congoleum Corporation, Amtico International Limited, Gerflor Group, James Halstead Plc, Mannington Mills, Inc., The Dixie Group, Inc., Swiss Krono Group, Oriental Weavers Group, Armstrong Flooring, Inc.

Considered in this report
• Geography: North America
• Historic year: 2016
• Base year: 2021
• Estimated year: 2022
• Forecasted year: 2027

Aspects covered in this report
• North America flooring Market with its value and forecast along with its segments
• Country wise Flooring market analysis
• Application wise flooring market distribution
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Countries covered in the report:
• USA
• Canada
• Mexico

By material flooring material type in the report:
• Resilient Flooring
• Non-resilient flooring
• Carpet and Rugs

End use of flooring in the report:
• Residential
• Commercial
• Industrial

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to solar panel coating industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.