Canadian Flooring Market Trends and Forecast
The future the Canadian flooring market looks promising with opportunities in the residential and non-residential sectors. The Canadian flooring market is expected to reach an estimated $2.3 billion by 2030 with a CAGR of 4.4% from 2024 to 2030. The major drivers for this market are increasing residential construction and growth in renovation and remodeling activities.Emerging trends, which have a direct impact on the dynamics of the market, include increasing adoption of loose-lay flooring, introduction of waterproofing vinyl flooring, and increasing adoption of loose-lay flooring.
A total of 46 figures/charts and 34 tables are provided in this 103 pages report to help in your business decisions.
Canadian Flooring Market by Segment
In this market, residential is the largest end use, whereas carpets and rugs is the largest in flooring type. Growth in various segments of the flooring market is given below:The study includes a trend and forecast for the flooring market by flooring type and end use, as follows:
Flooring Market by Type [Value ($ Million) and Volume (Million Square Feet) from 2018 to 2030]:
- Carpet and Rugs
- Resilient Flooring
- Vinyl
- Others
- Non-Resilient Flooring
- Wood and Laminates
- Ceramic Tiles
- Others
Flooring Market by End Use [Value ($ Million) from 2018 to 2030]:
- Residential
- Non Residential
- Healthcare
- Education
- Hospitality
- Retail
- Office
- Others
List of Flooring Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies flooring companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the flooring companies profiled in this report includes.- Shaw industries
- Armstrong Flooring
- Mannington Mills, Inc.
- Kraus Flooring
- Breeze Wood Floors
- Ottawa Flooring Center
- Opus Floors Canada
Flooring Market Insights
- The publisher forecasts that resilient flooring is expected to witness the highest growth over the forecast period due to its minimal maintenance requirements and high durability.
- Within the Canadian flooring market, residential will remain the largest end use market over the forecast period due to growth in single and multi-family buildings.
Features of the flooring Market
- Market Size Estimates: Canadian flooring market size estimation in terms of value ($M).
- Trend and Forecast Analysis: Market trends (2018-20233) and forecast (2024-2030) by various segments.
- Segmentation Analysis: Canadian flooring market size by various segments, such as type and end use.
- Growth Opportunities: Analysis on growth opportunities in different type and end use for Canadian flooring market.
- Strategic Analysis: This includes M&A and competitive landscape for the Canadian flooring.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the Canadianflooring market size?Answer:The Canadian flooring market is expected to reach an estimated $2.3 billion by 2030.
Q2. What is the growth forecast for Canadianflooring market?
Answer:The Canadian flooring market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of theCanadianflooring market?
Answer: The major drivers for this market are increasing residential construction and growth in renovation and remodeling activities.
Q4. What are the major applications or end use industries forCanadianflooring?
Answer:Residential and non-residential (healthcare, education, hospitality, offices, retail, and other) are the major end use for Canadian flooring.
Q5. What are the emerging trends inCanadianflooring market?
Answer:Emerging trends, which have a direct impact on the dynamics of the market, include increasing adoption of loose-lay flooring,introduction of rigid-core vinyl plank flooring technology, and introduction of waterproofing vinyl flooring.
Q6. Who are the key flooring companies?
Answer:Some of the key Canadian flooring companies are as follows:
- Shaw industries
- Armstrong Flooring
- Mannington Mills, Inc.
- Kraus Flooring
- Breeze Wood Floors
Answer: The publisherforecasts that resilient flooring is expected to witness the highest growth over the forecast period due to its minimal maintenance requirements and high durability.
Q8. Do we receive customization in this report?
Answer:Yes, The publisher provides 10% Customization Without any Additional Cost.
This report answers the following 10 key questions
Q.1 What are some of the most promising, high-growth opportunities for the Canadian flooring market by end use (residential and non-residential (healthcare, education, hospitality, retail, office, and others)), and flooring type (carpets and rugs, resilient flooring (vinyl and others), and non-resilient (wood and laminates, ceramic tiles, and others))?Q.2 Which segments will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the Canadian flooring market?
Q.5 What are the business risks and threats to the Canadian flooring market?
Q.6 What are emerging trends in the Canadian flooring market and the reasons behind them?
Q.7 What are some changing demands of customers in the Canadian flooring market?
Q.8 What are the new developments in the Canadian flooring market? Which companies are leading these developments?
Q.9 Who are the major players in the Canadian flooring market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the flooring market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M&A activities did take place in the last five years in the flooring market?
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Table of Contents
1. Executive Summary
2. Canadian Flooring Market Background and Classifications
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Competitor Analysis
5. Growth Opportunities and Strategic Analysis
6. Company Profiles of Leading Players
Companies Mentioned
- Shaw Industries, Inc.
- Armstrong World Industries, Inc.
- Mannington Mills, Inc.
- Kraus Flooring
- Breezewood Floors
- Ottawa Flooring Center
- Opus Floors Canada
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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