What you need to know

A healthy economy and strengthening housing and renovation market have helped the $26 billion residential flooring market notch steady gains since 2013. Despite the rise of renters, further improvements in the overall economy, coupled with a willingness to invest in the home, will allow consumers to update and upgrade their current flooring to drive growth. Retailers will play a key role in accelerating growth by improving the shopping experience by merging digital and physical elements.

Definition

For the purposes of this Report, Mintel covers the following flooring types:

  • Soft surface flooring including carpeting (wall-to-wall and carpet tiles) and area rugs

  • Hard surface flooring including vinyl tile/sheet, stone and marble, wood and laminate

The Report covers products that homeowners buy and/or install for themselves, as well as products installed by professional homebuilders, contractors, and management companies in advance of or following the sale of a residence. Market size is based on consumer expenditures for residential flooring only.

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