According to current market research conducted by the CMI Team, the global US Commercial Flooring Market is expected to record a CAGR of 10.67% from 2024 to 2033. In 2023, the market size is projected to reach a valuation of USD 14.88 Billion. By 2033, the valuation is anticipated to reach USD 34.34 Billion.
US Commercial Flooring Market: Growth Factors and Dynamics
- Economic Growth and Urbanization: The current trend for building new commercial buildings, including offices, stores, and clinics, and the continued upgrade of existing structures, mainly in urban centers, is pressuring floored manufacturers to produce better-quality products. Fast growth in concrete structures raises the demand for sturdy, long-lasting, and attractive coverings to suit densely populated areas.
- Sustainability Initiatives: The persistence of awareness campaigns and regulatory standards to consider the environmental factor due to the vice of deforestation calls for using green and machine-washable floor solutions. The points that organizations we observe are paying more attention to are the shift to using renewable resources and reducing carbon emissions.
- Technological Advancements: New features of flooring products like stain-resistant carpets, antimicrobial tiles, and water-resistant laminates are improving product effectiveness and becoming popular among customers. These developments increase performance capabilities, serviceability, and appearance, satisfying various commercial demands.
- Renovation and Remodeling Trends: The growth in the number of commercial space updates and upgrades, in addition to the increasing number of new buildings, is driving the need for contemporary, visually pleasing flooring. The market emphasized that refurbishment may involve a change of floor to enhance functionality and aesthetic appeal.
- Growth in E-commerce: It is also increasing the availability of commercial flooring products through online sales platforms to enable business organizations to get many choices with confidence. The facts about e-commerce include favorable price policies, easy access to products, and highly detailed descriptions of products available for sale.
- Healthcare and Education Sector Growth: The increase in the construction of health facilities and schools is fueling the need for high-performance flooring products that are durable, effortlessly clean, and meet high hygiene standards. These sectors demand specific flooring solutions for security and hygiene purposes.
- Increasing Investments in Commercial Real Estate: The increasing funding for commercial real estate projects is also putting high-quality flooring solutions into demand. Contractors are searching for better quality, long-lasting, aesthetic, and attractive flooring to add value to the properties and cafeterias of the tenants.
- Advancements in Installation Techniques: Advanced installation forms like the click lock and adhesive-free installation methods are making it easier to install flooring and cutting down on redundant working hours for business owners. This is making more business entities tap into the flooring renovation activity.
- Consumer Preference for Customization: There is a trend toward more specific requirements and individual floorings that can be combined with branding strategies. To meet the needs of commercial customers, manufacturers are releasing many designs, colors, and patterns for various products.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 14.88 Billion |
| Projected Market Size in 2033 | USD 34.34 Billion |
| Market Size in 2023 | USD 13.79 Billion |
| CAGR Growth Rate | 10.67% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product Type, Application, Material, End Use, Sales Channel and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your research requirements. |
US Commercial Flooring Market: New Launches
- In February 2024, Sherwin-Williams launched a new high-performance flooring visualizer tool. This innovative tool is designed to help customers visualize and select the best flooring solutions for their specific needs, ensuring optimal performance and aesthetics. The visualizer offers a comprehensive range of flooring options, allowing users to see how different products will look in their space before making a purchase decision. This launch is part of Sherwin-Williams’ ongoing commitment to providing advanced solutions and enhancing customer experience in the flooring industry.
- In April 2024, Ted Todd, a specialist in hardwood flooring, launched two new collections named Residence and Connect. This marks the first addition to their portfolio in ten years. The Residence collection features 10 elegant floors, including plank, herringbone, and chevron designs made from prime-grade FSC-certified European oak. The Connect collection, designed for efficient installation, includes 10 functional floors with a click system, enhancing ease of use for commercial applications. Both collections emphasize high quality, durability, and innovative design, reinforcing Ted Todd’s position in the market.
- In April 2024, Tarkett launched a new non-PVC resilient flooring collection named Collective Pursuit™. This collection is designed to offer superior performance with enhanced dimensional stability, impact resistance, and ease of maintenance, making it a high-performance alternative to luxury vinyl tile. The new flooring line is part of Tarkett’s broader sustainability initiatives, aimed at helping organizations meet their environmental goals by providing eco-friendly and high-quality flooring solutions.
List of the prominent players in the US Commercial Flooring Market:
- Mohawk Industries Inc.
- Shaw Industries Group Inc.
- Tarkett Group
- Armstrong Flooring Inc.
- Mannington Mills Inc.
- Interface Inc.
- Milliken & Company
- Beaulieu International Group
- Gerflor Group
- Forbo Flooring Systems
- Roppe Corporation
- Toli Corporation
- Nora Systems Inc.
- Bentley Mills Inc.
- Congoleum Corporation
- Ecore International
- J+J Flooring Group
- Amtico International
- Parterre Flooring Systems
- LG Hausys
- Others
The US Commercial Flooring Market is segmented as follows:
By Product Type
- Carpet
- Vinyl
- Tile
- Laminate
- Wood
- Stone
By Application
- Healthcare
- Education
- Retail
- Office
- Hospitality
- Industrial
By Material
- Synthetic
- Natural
By End Use
- Renovation
- New Construction
By Sales Channel
- Direct
- Distributors
- Online