US Commercial Flooring Market 2024–2033

Reports Description

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.

To retain its pole position, carpet flooring further improved its market share to 31 % in 2023 from 30.5 % in 2022. This is probably because carpeting has become widely used in offices and other commercial accommodation facilities.

Vinyl and rubber in the resilient flooring remained constant at 29.7% each year. Recurring demand originates with weariness, simplicity, and flexibility, so the material is utilized appreciably in hospitals, schools, and retail stores.

Ceramic federal flooring has decreased from 8.5% to 8.3% of assembled flooring, suggesting buyers switched to cheaper or more maintenance-friendly pretensions with similar storeroom effects. Concurrently, ceramic flooring reduced to 7.7% from 8.1%, and there could be a shift to more flexible materials that cannot compromise on durability and ease of cleaning as ceramic flooring.

Hard surfaces also fell slightly; laminate flooring would drop from 4.5 percent in 2022 to 4.4 percent in 2023. This might be due to competition from cheaper and better-performing water-resistant and durable floor materials in the market.

Furnishing fabrics remained constant with an overall market share of 1.9% and are still used to enhance aesthetics and for demarcating zones since carpets and area rugs occupy big spaces. Rubber flooring, however, experienced a marginal rise from 15.4% to 15.9%, as more and more people are using it in facilities such as gyms and play areas where both safety and slip-resistant surfaces, as well as comfort, are crucial.

Overall, the market for commercial flooring in the US continues to grow, and the future trends show that carpet and resilient markets will continue to climb while hardwood, ceramic, and laminate face tough competition. Rubber flooring increases and stability of area rugs as trends and specialty markets reveal new directions in the field.

US Commercial Flooring Market – Significant Growth Factors

The US Commercial Flooring Market presents significant growth opportunities due to several factors:

• 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.

• 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 make many choices confidently. The facts about e-commerce include favorable price policies, easy access to products, and highly detailed descriptions of products available for sale.

• 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.

US Commercial Flooring Market – New Launches

The US Commercial Flooring Market has seen several New Launches in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of product launches in the US Commercial Flooring Market include:

• 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.

These new Launches helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the US Commercial Flooring Market. The trend is expected to continue as companies seek a competitive edge.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

US Commercial Flooring Market – Significant Threats

The US Commercial Flooring Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Economic Downturns: Consumer spending may go down, especially during the holiday seasons, because of an economic downturn that is likely to slow down commercial construction activities and limit public indispensables, opting to renovate their floors and opt for new flooring products such as those of Johnson & Johnson. Market growth achievements can be associated with economic stability and investments in construction.

• Intense Competition: The market is highly saturated, with brands’ production and new entrants putting immense pressure on other market players through price undercutting, shrinking the profit margin, and enforced product differentiation. The authors’ overall message is that manufacturing businesses need to deliver uniqueness to sustain market demand.

• Technological Obsolescence: Explosive growth in flooring technology has meant that the production line may become obsolete soon, which poses a major challenge to companies designing flooring products. To continuously create a competitive advantage, it is very important to ensure that healthcare organizations adapt to technological advancement.

• Supply Chain Disruptions: Global Supply Chain risks, such as raw material constraints, logistics distortion, or political unrest, hamper production costs, time to deliver, and inventory scarcity, which influences market availability. That means maintaining supply chain robustness is very important.

• Regulatory Challenges: Potential frameworks may require stricter controls over materials or manufacturing processes, potentially funneling more money to compliance and possibly reducing the richness of services and products offered to the marketplace. Understanding the regulations in particular markets is critical to market participants.

• Pandemic Impact: There is a current outbreak of coronavirus that has affected business construction schedules, causing postponement or cancellation of business projects and, therefore, low investment in commercial flooring, hence affecting the market. It is the process of recovery from the effects of the pandemic.

Category-Wise Insights

By Type:

• Carpet: This flooring is usually seen in commercial or hospitality environments. Given the variety of possible designs and textures offered in carpet flooring, it offers aesthetic flexibility and great comfort underfoot, making it a high preference in areas where noises must be resistant.

• Vinyl: Durable, low-maintenance, and available in so many designs-there isn’t a wrong way to go with it. Vinyl flooring is also helpful in healthcare or retail because it quickly resists water and stains.

• Tile is a very strong material for heavily trafficked rooms because it is sturdy and can be cleaned easily. Tile flooring comes in many different materials, such as ceramic and porcelain, which are also known for their strength and durability against heavy foot traffic and repetitive cleaning.

• Laminate: Laminate flooring mimics the natural finish look of wood or stone. It’s the cheapest flooring option and is easy to install and maintain. Wood: A selection for aesthetic appeal and relatively long-lasting, wood has remained a popular, high-end commercial flooring option. Wood flooring has a classic, elegant appearance that adds to the value of commercial properties.

• Stone: Stone flooring is marble, granite, and many others. This offers some of the unmatched durability and premium finishes available, great for areas needing to set a sophisticated and durable flooring solution.

By Application:

• Healthcare: Health-related facilities are synonymous with exceedingly high sanitation standards. Flooring in any health-related setting must be safe for patients and healthcare professionals. In such contexts, vinyl and antimicrobial tiles are used.

• Education: In a school or university environment, the floors must withstand daily wear and tear, with easily cleanable and maintained materials, ensuring a safe and healthy learning environment for students.

• Retail: In retail venues, beautiful and resistant flooring that can withstand heavy foot traffic and endure to give an appealing storefront is needed to attract customers.

• Office: Office flooring is required to provide a comfortable and quiet working space; that preference has added the need for choices of sustainable elements that fit into corporate responsibility.

• Hospitality: It needs aesthetically pleasing but equally durable flooring to withstand heavy foot traffic. In hotel and restaurant hospitality, the flooring needs to be an extension of an all-around staying experience, tough enough to last long, and easy to clean up for guests.

• Industrial: Industrial flooring is very tough and resistant to chemicals, heavy equipment, and high-impact activities, providing a safe, efficient workspace.

By Material:

• Synthetic: This category includes vinyl and laminate. Synthetic flooring is very versatile in design and can be highly durable. It is applicable in most commercial applications because it offers a broad range of design options, durability, and ease of maintenance.

• Natural: Wood and stone, valued for their natural beauty and sustainability,, are under the category of natural flooring materials. Natural flooring materials provide an aesthetic appeal coupled with environmental advantages, such as the process of sourcing and production considering eco-conscious consumers.

By End Use:

• Renovation: Most renovation projects improve the functionality and aesthetic value of the space, particularly through the installation of newly designed flooring products that align with current design trends and performance standards.

• New Construction:  New construction needs innovative and high-class floor-covering solutions that meet the requirements of present building codes and design trends, thus promoting the progress of contemporary commercial infrastructure

By Sales Channel:

• Direct: Direct sales to large-scale commercial projects and business organizations. The direct approach can include big commercial project demands for customized flooring solutions and dedicated support to cater to the client’s stated requirements.

• Distributors: Ship to distributors who sell to small projects and direct-to-consumer customers. The distributor’s role in this supply chain is critical to opening up commercial flooring products to a large customer base, including smaller businesses and end users.

• Online: Online market channels offer a wide selection of products, aggressive price competition, and the convenience of shopping from almost anywhere, which makes it relatively easy for businesses to source flooring materials.

Report Scope

Competitive Landscape – US Commercial Flooring Market

The US Commercial Flooring Market is highly competitive, with many global manufacturers and retailers. Some of the key players in the market include:

• 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

These companies operate in the market through various strategies, including product innovation, mergers and acquisitions, and partnerships.

New entrants prefer innovation and development to be unique. Innovation and development accompany product innovation and diversification approaches, such as technologically advanced flooring products and nicely looking and user-friendly designs. Several brands look at natural and environmentally friendly options, such as sustainable materials or energy-efficient manufacturing processes, that resonate with environmentally conscious consumers.

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