Floor Covering Wholesaling in Canada - Industry Market Research Report

Floor Covering Wholesaling in Canada - Industry Market Research Report

Floor Covering Wholesaling in Canada

The industry serves as an intermediary between manufacturers and retailers, purchasing large volumes of floor coverings, including carpet, ceramic floor tiles and vinyl sheet, for sale to home furnishing retailers, home improvement stores and contractors. Revenue has been fairly steady, despite robust and uneven growth in residential housing markets across various regions of the country. Industry products are primarily used in the construction and renovation of both residential and nonresidential buildings. Thus, industry revenue is highly correlated with the cyclical movements of construction markets. During the period, a residential boom in Canada's largest metropolitan areas, most notably in Vancouver and Toronto, coupled with volatility in nonresidential construction activity, have resulted in uneven revenue growth. Despite the spread of COVID-19, industry revenue grew 4.9% in 2020 due to growth in residential construction and residential renovation. Revenue is expected to grow at a CAGR of 1.5% to $4.0 billion through the end of 2023, despite an expected decline of 5.1% in 2023 due to a shrinking residential housing market.

The Floor Covering Wholesaling industry in Canada serves as an intermediary between manufacturers and retailers, purchasing large volumes of floor coverings, including carpet, ceramic floor tiles and vinyl sheet, for sale to home furnishing retailers, home improvement stores and contractors.

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.