What you need to know
An improving economy and a strengthening home renovation market have helped the $21 billion residential flooring market notch steady gains since 2010. Looking ahead, further improvement in the broader economy should help drive continued growth. While the need to replace old or worn out flooring is the most commonly cited reason for purchasing new flooring, category competitors can accelerate growth, by tapping into more discretionary motivations.
Definition
Residential flooring is defined as any floor covering used for private residences. This report excludes commercial/public flooring purchases.
The report covers the following flooring types:
Wall-to-wall carpeting
Carpet tiles
Ceramic floor and wall tile
Stone and marble flooring
Hardwood flooring
Vinyl sheet and floor tile
Laminate flooring
Rubber flooring
Linoleum
Area rugs.
The report covers products that homeowners buy and/or install for themselves, as well as products installed for consumers by professional homebuilders, contractors, and management companies in advance of or following the sale of a residence.
This report builds on the analysis presented in Mintel’s Residential Flooring – US, April 2014 report, as well as the April 2013, March 2012, July 2011, and August 2010 reports of the same title.