What Are The Growth Projections For The Global Flooring Contractors Market?
The flooring contractors market size has impressively grown in recent years, leaping from a worth of $201.47 billion in 2024 to $219.53 billion in 2025, registering a compound annual growth rate (CAGR) of 9.0%. The solid growth in the historic period can be linked to several factors including housing and commercial construction trends, renovation and remodeling activities, shifts in design and aesthetics preferences, population growth, urbanization, and expansion of the commercial and retail sector.
Looking into the future, the flooring contractors market size is expected to maintain a strong growth trajectory. It is projected to further soar to $301.27 billion by 2029, growing at a CAGR of 8.2%. This expected growth in the forecast period can be attributed to factors such as innovations in flooring materials, a shift towards green and eco-friendly building practices, changing consumer preferences for luxury flooring, technological integration in flooring solutions, and development in residential and commercial real estate. Key emerging trends in the forecast period include flooring design visualization through digital tools, expansion into resilient and soft flooring, focus on quick and efficient installation, e-commerce proliferation, and integration of recycled and upcycled materials.
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What Drives The Growth Of The Flooring Contractors Market?
Triggering the growth of the flooring contractors market forward is the surge in renovation and remodeling activities. These activities involve improving or modernizing old, damaged, or defective buildings without changing the layout. A significant number of homeowners and business organizations are initiating restoration and remodeling projects, including flooring improvements to enhance aesthetics and provide better insulation, comfort, and durability to their structures. For instance, in January 2022, as reported by Harvard Joint Center for Housing Studies (JCHS), a US-based research center, the home remodeling market in the USA reached $430 billion in 2022, marking a 17% increase from the previous year, thus strongly contributing to the growth of the flooring contractor market.
What Are The Major Segments In The Flooring Contractors Market?
The flooring contractors market report segments the market by:
– Type: Carpet And Rug, Resilient Flooring, Non-Resilient Flooring
– Construction Type: New Construction, Renovation
– End Use: Residential, Non Residential
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Who Are The Major Players In The Flooring Contractors Market?
Leading 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 Are The Emerging Trends In The Flooring Contractors Market?
A major trend in the flooring contractors market pertains to the focus of companies on developing innovative product offerings such as waterproof laminate flooring. These solutions are designed to prevent water penetration, featuring a water-repellent seal and tightly interlocking planks that resist moisture damage, making it ideal for areas prone to spills and humidity. For instance, Span Floors, an India-based company providing premium wood floors, decks, and claddings for luxury homes, introduced the Aqua Pro Collection in January 2024. This collection offers moisture-resistant laminate flooring which has a self-closing tongue and groove profile, easy installation, and a moisture-repellent edge seal to protect against water damage, thus ensuring long-lasting durability and high-quality aesthetics while offering superior protection from moisture for enhanced longevity.
Which Region Holds The Largest Share 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, and Africa.
What Does The Flooring Contractors Market Report 2025 Offer?
The Flooring Contractors Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities. Defined as professionals and specialists who install flooring and floor coverings and assist in the installation of carpet, resilient sheet products, resilient tile, and wood floors (including finishing and repairing), flooring contractors are set to see a robust growth in the coming years.
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