What is Flooring?
Flooring is the material that covers the floor of a building or a specific room. It’s a crucial element of interior design, influencing the overall appearance, atmosphere, and practicality of a space. There are various types, styles, and finishes of flooring materials available, and your choice can affect factors like the room’s look, comfort, durability, maintenance needs, and cost.
What is the Size of the U.S. Flooring Market?
Astute Analytica, a leading market research firm, has recently published its latest research report on the Global U.S. Flooring Market for the period 2023 to 2031.
U.S. Flooring Market was valued at US$ 22.18 billion in 2022 and is projected to attain a market valuation of US$ 29.26 billion by 2031 at a CAGR of 4.31% during the forecast period 2023–2031.
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Within the scope of this study, there is a dedicated section focused on the global U.S. Flooring Market. This segment offers a comprehensive view, incorporating the perspectives of significant industry participants, an in-depth review of the sector, a regional analysis, an examination of financial aspects, and a consideration of various factors shaping the market. It’s essential to emphasize that this particular section strictly adheres to the predefined scope and report guidelines established for the study.
The U.S. flooring industry has undergone significant changes in recent years, creating a complex landscape of trends, opportunities, and challenges. Traditionally, the strong interest of American consumers in home improvement and the continuous growth of residential and commercial construction projects have been the pillars supporting the industry’s strength. To illustrate, construction spending in the United States has been consistently on the rise.
In 2022, the investment in construction activities exceeded $1.8 trillion, with a considerable portion allocated to flooring projects. This is evident in the fact that the typical American homeowner, looking to enhance their living spaces with visually appealing and long-lasting floors, typically invests around $6 to $10 per square foot for flooring installation. However, it’s important to note that the exact amount can vary significantly depending on the choice of materials and the complexity of the project.
Top Players in U.S. Flooring Market
Armstrong Flooring, Inc.
BASF SE
Carpet One Floor & Home
Congoleum Corporation
Dixie Group, Inc.
Forbo Holding AG
Interface, Inc.
Mannington Mills Inc.
Mohawk Industries, Inc.
Shaw Industries Group, Inc.
Tarkett Group
Other prominent players
The study also includes a list of the global market tactics used in relation to the industry’s present and future conditions. The research opens with a succinct presentation and analysis of the U.S. Flooring Market, which covers the market’s current structure, trends, key players, product type, application, and geography.
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Segmentation Overview of the U.S. Flooring Market
By Material
Wood
Hardwood
Softwood
Engineered Wood
Vinyl
Vinyl Tiles
Vinyl Sheets
Luxury Vinyl Flooring
Carpet
Laminate
Ceramic
Others
By Application
Kitchen
Living Room
Bathroom/Washroom
Auditoriums
Warehouses
Workshops
Sport Complex
Institutes
Other Applications
By End User
Domestic Flooring
Commercial Flooring
Corporate Buildings
Healthcare
Education
Retail & E-Commerce
Government
Food & Beverage
Oil & Gas
Others
By Sales Channel
Online
Offline
Hardware Stores
Flagship Stores
Specialty Stores
Others
By Northeast
New Jersey
New York
Pennsylvania
Massachusetts
Rest of Northeast
By Midwest
Illinois
Michigan
Indiana
Ohio
Rest of Midwest
By South
Texas
North Carolina
Georgia
Florida
Rest of South
By West
California
Arizona
Colorado
Washington
Rest West
With the product pricing, demand, gross margin, and supply of the market, this study offers a thorough grasp of market value. The report’s section on the competition landscape gives readers a thorough understanding of the market share analysis of the top competitors in the sector. Every regional market is carefully examined to determine its potential growth, development, and demand over the coming years.
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