Floor Covering Stores in the US - Industry Research Report

All recovered: Interest rate hikes are expected to remain a major roadblock for floor covering stores, hurting revenue growth

Floor covering stores derives their demand from two massive downstream markets. Residential and nonresidential markets play a pivotal role in the growth of floor covering stores. Over the past five years, the COVID-19 pandemic hit the nonresidential market hard, as businesses were forced to close, and employees had to work from home whenever possible. This slowdown in business activity depressed any further growth seen by the industry. At the same time, more consumers remaining at home caused a jump in spending on home improvements and housing starts. Thus, the strong demand stemming from the residential market drove revenue growth through 2020.

Establishments in this industry retail carpets, rugs, tiles and vinyl flooring. Most operators manage sales and administrative activities, such as customer service, product merchandising, advertising, inventory control and cash handling. Some operators also offer installation or repair services.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.