North American Residential Flooring Markets

The North American residential flooring market should reach $18.4 billion by 2021 from $14.8 billion in 2016 at a compound annual growth rate (CAGR) of 4.5%, from 2016 to 2021.

Study Goals and Objectives
The objective of this report is to provide business planners, investors and other professionals with quantifiable market measurements and analyses that can help them formulate strategic business plans and make key investment decisions.

Reasons for Doing This Study
Residential flooring is a $14.8 billion industry in North America that defines the livelihood of nearly 16,000 flooring contractors and almost 95,000 manufacturing employees who produce flooring products, as well as the distributors that carry these products. Although the industry was hit hard by the economic downturn of the last decade, the residential flooring industry remains a vital part of the economy and is projected to continue a healthy growth trend throughout the forecast period.

This Research study is a comprehensive reference work that defines and describes the residential flooring industry. In the preparation of this document, Research has read, analyzed and condensed information from industry sources, trade literature, producer and distributor websites, and other reference material. The industry is diverse, highly creative and dynamic. The range of products currently on the market is very broad, far exceeding the ability of any sole distributor to stock and wider than most industry observers may realize. Many smaller producers today have the capability of growing into major brands tomorrow. Some of these future success stories will ride the wave of demand for new and innovative products such as light transmissive carpeting and realistically simulated stone and wood surface laminates that are increasingly shaking up the status quo among mainstream residential flooring alternatives.

Scope of Report

Following are brief summaries of the chapters included in this report.

The Chapter One summary presents the report’s scope, methodology and structure, as well as brief overviews of each of the report’s chapters.

Chapter three provides a high-level overview of the residential flooring industry, including historical, current and future industry perspectives, as well as a look at current, and anticipated manufacturing issues and trends. The chapter also covers current market conditions in the new construction and renovation residential segments. Chapter three also includes an overview of industry trade organizations, such as the National Wood Flooring Association (NWFA) and the North American Building Material Distribution Association (NABMDA). The chapter also discusses the key trade shows that residential flooring manufacturers and other industry participants attend, such as one of the industry’s largest events, The International Surface Event: Surfaces—StonExpo/Marmomacc—TileExpo. The chapter also details the primary trade media that cover the industry, such as Floor Covering News.

Product types in the residential flooring industry are in a constant state of evolution and at different stages of innovation in an effort to meet changing market needs and demands. Chapter Four provides a detailed look at seven different residential flooring categories—carpet, ceramic tile, hardwood, laminates, stone, other resilient and vinyl—including associated new products and technologies, and applicable environmental programs and incentives, as well as government regulations and requirements affecting each flooring type.

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