According to the research report titled ‘North America Flooring Market Forecast 2027 By Application, By Product, Research Report, Country Outlook, COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America flooring market is projected to record a valuation of USD 55.04 billion by the end of forecast timeframe 2021-2027.
 

Surging construction activities, as well as rising trend of refurbishment in the commercial and residential sectors are primarily fueling the growth of flooring market in North America. Moreover, new housing constructions, increasing urbanization, and immigration of population to suburbs is another set of factors that will propel market growth in the forthcoming years.
 

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Elaborating on COVID-19 impact, the flooring business in the United States grew substantially as many customers were forced to postpone expensive trips and instead focus on home improvements which appeared to be an outlet for their stymied outdoor goals.
 

Based on application, the market is fragmented into industrial, residential, and commercial segments. Among these, residential sub-market held 61% of market share in 2020 and will likely continue showcasing strong growth trends in the coming years, owing to increasing demand for flooring from new construction and renovations activities.
 

Whereas, commercial segment of North America flooring industry will grow significantly as a result of increasing commercialization with respect to the expansion of workplaces, especially across the U.S. Additionally, the green building movement with growing emphasis towards more cost-effective and sustainable product solutions like cork will support the segmental development in the coming years.
 

With respect to product, resilient flooring accounted for 11.4% of industry in 2020 and will continue to develop rapidly with the demand for end-user industries as these floorings are commonly utilized in retail settings such as hospital rooms, school/college halls, general commercial public areas, and outdoor cafes.
 

The vinyl sheet sub-segment held more than 10.5% of the demand share in 2020, making it one of North America's most popular resilient flooring solutions.
 

From a competitive standpoint, Forbo Flooring Systems India, Instarmac Group plc, Beaulieu, Shaw Industries Group Inc., Delconca, Mohawk Industries Inc., Mannington Mill Inc., Gerflor SAS, Interface Inc., Congoleum Corp., Armstrong Floor Inc., and Amtico International Inc. are among the leading companies in North America flooring market.