Market Size of United States Non-Resilient Floor Covering Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 8.40 Billion |
Market Size (2029) | USD 10.38 Billion |
CAGR (2024 - 2029) | 4.33 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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United States Non-Resilient Floor Covering Market Analysis
The United States Non-Resilient Floor Covering Market size is estimated at USD 8.40 billion in 2024, and is expected to reach USD 10.38 billion by 2029, growing at a CAGR of 4.33% during the forecast period (2024-2029).
The United States is the second-largest floor-covering market in the world and is forecasted to register moderate growth during the forecast period. The growing construction market, especially residential construction, is forecasted to drive the market. It is one of the growing and highly demanded flooring markets as people prefer the combo of natural and man-made flooring from technology-driven and new designs for which non-resilient flooring is appropriate. The consumer much prefers the non-resilient flooring market because it's easier and cheaper to maintain as these floors are glued down to the concrete leading to an increase in demand for non-resilient flooring.
With rising investment and projects, especially towards housing, building, and construction, the non-resilient flooring industry is witnessing an increase in demand. Growing public interest and government initiatives toward buying new houses is further enhancing the overall market demand for non-resilient flooring during the forecast period.
The United States non-resilient flooring market offers a huge variety of newly innovated designs with hand paintings or many digital artworks in different colours and fitting types, made up with new technologies and increased longevity. In the non-resilient flooring market of the United States, the ceramic, stone, wood, laminate, and concrete segment has emerged as the most prominent category.
Specifically, the segment comprising these materials holds the largest share in the non-resilient flooring market in the current year. These flooring options have gained significant popularity due to their durability, aesthetics, and versatility, meeting the diverse needs of consumers.
One of the major advantages of having concrete floors is they are completely customizable, and colour choices, textures, patterns, and finish options combine for limitless design possibilities. In addition, concrete floors are extremely durable, long-lasting, and easy to maintain. Therefore, due to the wide variety of choices it gives, the concrete flooring demand is expected to grow, and owing to this, the non-resilient market will also rise.