United States Floor Covering Market Size (2024 - 2029)

The United States floor covering market size has been influenced by factors such as increased consumer confidence and a rise in single-family home construction, which have bolstered sales. Despite challenges like a decline in multi-family housing and raw material price volatility, the market's expansion is supported by growth in the building and construction industries. The COVID-19 pandemic initially restrained the market due to supply chain disruptions and reduced consumer spending, but long-term momentum is anticipated. The adoption of digital printing technology by manufacturers is also contributing to operational efficiency and sustainability, further impacting the market size positively.

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Market Size of United States Floor Covering Industry

US Floor Covering Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 2.00 %
Market Concentration Low

Major Players

US Floor Covering Market Companies

*Disclaimer: Major Players sorted in no particular order

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US Floor Covering Market Analysis

The United States floor covering sales strengthened due to the increasing consumer confidence and a sharper increase in single-family home construction. Square foot sales increased. However, it did not keep pace due to a decline in multi-family housing, which started a slowdown in the commercial markets. A key propellant for the expansion of the market is a marked growth in the building and construction industries. The main challenge faced by the industry is the volatility in the prices of raw materials. Builder purchase gains may continue to gain profit as millennials begin to form households. Home floor coverings spending benefited from a double-digit increase in residential improvement construction spending. The builder market makes profits and offers opportunities for the floor covering industry. Home furnishings and floor covering manufacturers are also adopting digital printing technology to cut down on operational expenditures. This technology lowers sampling process time and water consumption. It is also considered to be an eco-friendly alternative to traditional home furnishings and floor coverings.

The outbreak of the coronavirus disease (COVID-19) has acted as a massive restraint on the home furnishings and floor coverings manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. Furthermore, the COVID-19 pandemic has caused countries, including the United States, to enact travel restrictions and social distancing measures, disrupting major economic and financial markets. Demand from downstream markets in pandemic induced a decline in 2020 due to a decrease in corporate profit and private spending on home improvements for the year. However, the market is expected to gain momentum in the long term.

US Floor Covering Industry Segmentation

Floor coverings include carpets, rugs, wood, tiles, and other flooring materials, which are used for covering floors. The market is segmented by Product (Carpet and Area Rugs, Wood Flooring, Ceramic Flooring, Laminate Flooring, Vinyl Flooring, Stone Flooring, and Other Flooring Products), Distribution Channel (Home Centers, Specialty Stores, Branded Stores, Online, and Other Distribution Channels), and End User (Commercial and Residential). The report also offers market size and forecasts for wood flooring products in value (USD Billion) for all the above segments.

Product
Carpet and Area Rugs
Wood Flooring
Ceramic Flooring
Laminate Flooring
Vinyl Flooring
Stone Flooring
Other Flooring Products
Distribution Channel
Home Centers
Specialty Stores
Flagship Stores
Online
Other Distribution Channels
End User
Commercial
Residential
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United States Floor Covering Market Size Summary

The US floor covering market is experiencing growth driven by increased consumer confidence and a rise in single-family home construction. The market's expansion is supported by the building and construction industries, although challenges such as raw material price volatility persist. The residential improvement sector has seen significant spending, benefiting the floor covering industry. Digital printing technology adoption by manufacturers is helping reduce operational costs and environmental impact. Despite the initial setbacks caused by the COVID-19 pandemic, which disrupted supply chains and reduced demand, the market is expected to recover and gain long-term momentum. Urbanization and rapid infrastructural developments are further boosting the demand for flooring products, with product innovation and customization playing key roles in market growth.

Vinyl flooring is gaining popularity due to its cost-effectiveness, durability, and versatility, making it suitable for various applications, including residential and non-residential settings. The market for vinyl flooring is bolstered by urbanization, rising disposable incomes, and a growing interest in home décor. Major players dominate the market, but technological advancements and product innovations are allowing mid-size and smaller companies to expand their presence. The introduction of new technologies, such as Välinge Innovation's 5G and Threespine click technologies, and product lines like MD PRO's luxury vinyl floor coverings, are contributing to the market's promising future. These developments highlight the ongoing evolution and potential growth within the US floor covering market.

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United States Floor Covering Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Drivers

    3. 1.3 Restraints/Challenges

    4. 1.4 Value Chain Analysis

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Technological Trends and Consumer Preferences

    7. 1.7 Government Regulations on the Market

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product

      1. 2.1.1 Carpet and Area Rugs

      2. 2.1.2 Wood Flooring

      3. 2.1.3 Ceramic Flooring

      4. 2.1.4 Laminate Flooring

      5. 2.1.5 Vinyl Flooring

      6. 2.1.6 Stone Flooring

      7. 2.1.7 Other Flooring Products

    2. 2.2 Distribution Channel

      1. 2.2.1 Home Centers

      2. 2.2.2 Specialty Stores

      3. 2.2.3 Flagship Stores

      4. 2.2.4 Online

      5. 2.2.5 Other Distribution Channels

    3. 2.3 End User

      1. 2.3.1 Commercial

      2. 2.3.2 Residential

United States Floor Covering Market Size FAQs

The United States Floor Covering Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)

Mohawk Industries Inc., Shaw Industries Group Inc., Armstrong Flooring, Interface Inc. and The Dixie Group are the major companies operating in the United States Floor Covering Market.

US Flooring Market Report Snapshots

US Floor Covering Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)