Floor Covering Stores in Canada - Industry Market Research Report

Floor Covering Stores in Canada - Industry Market Research Report

Floor Covering Stores in Canada

Floor covering stores have been benefiting from rising incomes and a strong residential market in Canada in recent years. Higher incomes have encouraged sales of premium flooring products, while a healthy residential market translates into more robust sales. But, volatility from the pandemic disrupted growth, with retailers struggling to contend with the sudden disruption to their downstream markets, labour force and supply chains even as spending on home improvements surged. Recovering conditions in the supply chain and the nonresidential sector has helped retailers recoup some losses post-COVID, yet floor covering stores face new disruption as the impact of interest rate hikes takes root for consumers, the residential market and commercial construction. A challenging operating environment has led revenue to decline at a CAGR of 2.4% to an estimated $3.0 billion over the past five years, with an expected 3.3% drop in 2023.

Companies in the Floor Covering Stores industry in Canada retail carpets, rugs, tiles and vinyl flooring. Most operators handle sales and administrative activities, such as customer service, product merchandising, advertising, inventory control and cash handling. Some operators also offer installation or repair services in addition to retailing activities.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.