Global Flooring Contractors Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
7 Jul, 2023
The global flooring contractors market size is expected to grow from $185.05 billion in 2022 to $203.84 billion in 2023 at a compound annual growth rate (CAGR) of 10.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global flooring contractors market size is expected to reach $287.57 billion in 2027 at a CAGR of 9.0%.
Global Flooring Contractors Market Key Driver
The expansion of remodelling and remodelling activities is projected to drive the growth of the flooring contractors market in the future. Renovation and remodelling activities are the process of renovating or modernising an old, damaged, or defective building, and they are work that revitalises the current structure without changing the layout. A growing number of homes and businesses are tackling a variety of restoration and remodelling projects, including flooring upgrades to improve aesthetics and provide improved insulation, comfort, and longevity to the structures.
Get a sample of the global flooring contractors market reportGlobal Flooring Contractors Market Segments
The global flooring contractors market 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
4) By Geography: The regions covered in the flooring contractors market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global flooring contractors market.
Major Flooring Contractors Industry Players
Mohawk Industries Inc., Shaw Industries Group Inc., Empire Today, Beaulieu International Group, Mannington Mills Inc., AWI Licensing LLC, Koetter Woodworking Inc., H. J. Martin & Son Inc., Redi Carpet, Bonitz, Spectra Contract Flooring, Burke Industries, Gerflor Group, Polyflor, Crossville Inc.
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Flooring Contractors Market Overview
Flooring contractors are flooring professionals and specialists who install flooring and floor coverings and help with the installation of carpet, resilient sheet products, resilient tile, and wood floors (including finishing and repairing).
Flooring Contractors Global Market Report 2023 provides data on the global flooring contractors market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The flooring contractors market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.