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The United States flooring market is expected to grow at a CAGR of 6.50% in the forecast period of 2024-2032.
Based on type, the non-resilient segment is expected to boost the growth of the US flooring industry owing to their properties of durability, water resistance, low cost of maintenance, and reliability. These properties make them a prominent choice for residential areas, shopping malls, corporate centres, healthcare institutions, and government and sports establishments, where the load is high. The wood and laminate flooring are expected to provide significant traction, thus, contributing to the non-resilient flooring segment growth.
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Laminates are known to be resistant against scratches, stains, and dents and have emerged as a widely accepted flooring material. Factors such as natural look, coupled with the growing need for aesthetics in the residential segment are anticipated to elevate the demand for wood flooring.
The United States is characterised by an increased investment in the construction sector on account of the growing renovation and remodelling activities in the residential segment. Homeowners are spending on replacements, upgrades, and routine maintenance, which is expected to help the flooring market grow. The rising disposable income and the improving standards of living are compelling the citizens to invest in renovations. The consumer’s inclination towards interior decoration has resulted in the adoption of different types of customised flooring material to decorate their houses and workspaces, which is expected to augment the growth of the flooring market in the region.
Flooring refers to the process of providing a clean, smooth, and a levelled surface to the building occupants. The floor should be durable and hard to withstand the load above it and should provide an aesthetic benefit to the architectural structure. An attractive flooring also helps in enhancing the rental value and selling price of homes and buildings.
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By type, the market is divided into:
Based on application, the industry can be segmented into:
The rapid urbanisation has resulted in an increase in construction activities in the United States, which has bolstered the floor industry growth across the country. The growing infrastructural activities are enhancing the demand for resilient and non-resilient flooring products for use in the residential, commercial, and industrial sectors. The rising population and changing lifestyles are further encouraging people to invest in renovations and remodelling of their infrastructures. Furthermore, flooring also increases the monetary value of the structure. These factors have been aiding the flooring market growth in the United States.
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Over the forecast period, rising investments in R&D by key market players to innovate and customise the flooring products as well as to make them cost-effective and more reliable are expected to favour the industry growth. The growth of the e-commerce industry is resulting in increased demand for flooring materials delivered straight to the area of application and is expected to be a major trend in the coming years.
The report gives a detailed analysis of the following key players in the United States flooring market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Application |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
United States Flooring Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 6.50% between 2024 and 2032.
The major drivers of the industry, such as the rising population and changing lifestyles, rapid urbanisation and increased renovation and remodelling activities, and rising demand for non-resilient flooring materials owing to their resistance and durability, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing R&D investments and the growing e-commerce industry.
The significant types of the product include resilient flooring and non-resilient flooring.
The different applications of the product are residential and non-residential.
The major players in the industry are Mohawk Industries, Inc., Shaw Industries Group, Inc., Armstrong Flooring, Inc., Engineered Floor, LLC, Mannington Mills, Inc., The Dixie Group, Inc., Tarkett Group, and others.
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