Press release
Strategic Forecast for the Flooring Contractors Industry: Market Outlook 2025-2034
Flooring Contractors
Flooring Contractors Market Size Growth Forecast: What to Expect by 2025?
Over the past few years, the market size for flooring contractors has seen significant expansion. The market, which stood at $196.88 billion in 2024, is projected to escalate to $211.8 billion in 2025, marking a compound annual growth rate (CAGR) of 7.6%. Housing and commercial construction trends, renovation and remodeling activities, changing aesthetics and design preferences, along with population growth and urbanization, have all contributed to the growth witnessed in the historical period. Expansion in the commercial and retail sectors is another major factor driving this trend.
How Will the Flooring Contractors Market Size Evolve and Grow by 2029?
Prospects for the flooring contractors market seem bright as it is projected to grow significantly in the upcoming years. By 2029, the market could reach a valuation of $288.42 billion, with a compound annual growth rate (CAGR) of 8.0%. Reasons for the expected growth during the forecast period include advancements in flooring materials, sustainable and environmentally-friendly construction practices, a shift towards luxury flooring by consumers, technological developments in flooring solutions, and increasing activities in residential and commercial real estate. Major developments expected during this period include the use of digital tools for flooring design and visualization, a focus on flexible and soft flooring, faster and more efficient installation techniques, increased online sales for flooring, along with the incorporation of recycled and upcycled materials.
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What Drivers Are Propelling the Growth of Flooring Contractors Market Forward?
The flooring contractors market is anticipated to experience a boost due to increased renovation and remodeling activities. Such activities involve the enhancement and modernization of old, defective, or damaged buildings and contribute towards reviving current structures without altering their layout. Many homeowners and business corporations are entering into comprehensive remodel projects that incorporate flooring enhancements to better the aesthetics, insulation, comfort, and endurance of the structures. For example, the Harvard Joint Center for Housing Studies (JCHS)-a research-oriented center working in association with Harvard University-informed in January 2022 that the market for home remodeling in the USA touched $430 billion that year, recording a 17% surge from the prior year. As such, the burgeoning renovation and remodeling activities are propelling the growth of the flooring contractor market.
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What Are the Key Trends Driving Flooring Contractors Market Growth?
Leading businesses in the flooring contractors market are channeling their efforts towards the production of innovative product offerings such as waterproof laminate flooring. These products aim to satisfy customers by delivering attractive, long-lasting, and resistant-to-moisture flooring solutions, thereby raising the bar for laminate flooring. Waterproof laminate flooring is specifically engineered to impede water infiltration, boasting features like a water-resistant seal and tightly fitting planks that are resistant to damage from moisture, making them ideal for settings susceptible to spills and humid conditions. For instance, Span Floors, a company in India offering high-end wood floors, decks, and claddings for luxury homes, introduced the Aqua Pro Collection in January 2024. This collection integrates AQUA PRO technology and provides moisture-resistant laminate flooring boasting a self-sealing tongue and groove profile for effortless installation, and a water-resistant edge seal for guarding against water-induced damage. Its contribution lies in delivering superior longevity and top-notch aesthetics, mirroring the appearance of natural materials while serving to provide supreme protection from moisture, thereby ensuring enhanced lifespan.
What Are the Key Segments in the Flooring Contractors Market?
The flooring contractors market covered in this report is segmented -
1) By Type: Carpet And Rug, Resilient Flooring, Non-Resilient Flooring
2) By Construction Type: New Construction, Renovation
3) By End Use: Residential, Non Residential
Subsegments:
1) By Carpet And Rug: Wall-To-Wall Carpeting, Area Rugs, Carpet Tiles
2) By Resilient Flooring: Vinyl Flooring, Linoleum Flooring, Cork Flooring, Rubber Flooring
3) By Non-Resilient Flooring: Hardwood Flooring, Laminate Flooring, Ceramic And Porcelain Tile, Stone Flooring
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Who Are the Key Players Shaping the Flooring Contractors Market's Competitive Landscape?
Major companies operating in the flooring contractors market include Mohawk Industries Inc., Shaw Industries Group Inc., Empire Today LLC, Beaulieu International Group, Mannington Mills Inc., AWI Licensing LLC, Koetter Woodworking Inc., H. J. Martin & Son Inc., Redi Carpet Sales of Virginia Inc., Bonitz Company of Carolina Inc., Spectra Contract Flooring, Burke Industries Inc., Global Flooring Group, Polyflor Ltd., Crossville Inc., Interface Inc., The Dixie Group Inc., Tarkett S.A., Forbo Holding AG, TOLI Corporation, Congoleum Corporation, CBC Flooring, National Floors Direct Inc., Artistic Floors by Design Inc., Alia's Flooring and Remodeling, Shine Star Hardwood Flooring, Floor Coverings International, IVC Group Ltd., LG Hausys Ltd.
What Geographic Markets Are Powering Growth in the Flooring Contractors Market?
Asia-Pacific was the largest region in the flooring contractors' market in 2024. The regions covered in the flooring contractors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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