Flooring has become an important part of a renovation in contemporary housing. As of 2022, the flooring industry has become a US$369.6 Billion industry globally. There were over 190,000 flooring installers in the USA as of 2022. The flooring industry includes flooring types such as tiles, and ceramics, and also includes flooring maintenance services. Due to a constant increase in housing facilities, societies, and apartments, the flooring industry is going to increase further in the future.
Flooring Market Size Worldwide
Flooring has demand all over the world because of the essential nature of the product in the case of newly built houses as well as renovation of old houses. The flooring market was $321.7 Billion in 2020. Due to a consistent rise in the demand for flooring installers as well as maintenance service providers, the Compound Annual Growth Rate is 6.3% between 2021 and 2027. By 2027, the market for flooring is predicted to reach $480 Billion which is going to be a 49% increase from the figure in 2020. This shows that there is a huge potential in the industry and has bright investment as well as employment prospects in the future.
Flooring Installers Industry in the US
Flooring installers have become quite popular in the US and are considered a sub-industry of the flooring market. A consistently positive trend has been seen in the flooring installers industry in the USA since 2012. In 2012, the flooring installers industry in the USA was $16.4 billion or $16,412 million. By 2018, there was an increase of $9 billion when the industry reached a massive figure of $25.1 billion. There was not much growth in the next 2 years but then it went on a growing trend again. As of 2022, the flooring installers industry in the US reached $27.2 billion.