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 anticipated to surpass a valuation of USD 55 billion by the 2027.

The rapid expansion of North American flooring market can be attributed to rising construction activities, and growing trend of high-quality flooring and tiles due to the expanding refurbishment in the commercial and residential sectors.

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Furthermore, increasing migration of individuals from cities to suburbs, as well as rapid urbanization, growing number of rehabilitation projects, and rising installation of new & innovative products are expected to fuel the marketplace in the coming years.

Notably, with the advent of COVID-19, people were forced to postpone pricey travels and instead focus on home improvements, which in turn positively influenced the industry outlook in the recent past.

Based on application ambit, the residential segment held 61% revenue share in 2020 and is anticipated to grow consistently during the forecast timeframe, on account of rising demand for flooring from new construction, replacements, and renovations.

Meanwhile, the commercial segment of North America flooring industry is reckoned to generate substantial returns by 2027, on the back of rapid commercialization and subsequent workplace development in the United States.

Speaking of product terrain, the resilient flooring segment accounted for 11.4% market share in 2020 and is slated to expand significantly over the analysis timeframe, because of the soaring product demand from the end-user verticals such as medical rooms, retail settings, general commercial public locations, school/college halls, and outdoor cafes. Also, the vinyl sheet sub-segment held 10.5% demand share in 2020, due to the widespread usage in healthcare and educational departments.

Geographically, the U.S. market is expected to grow consistently through 2027, owing to the flourishing construction sector, as well as growing population, increasing number of immigrants, and soaring demand for new houses in different areas of the country.

Forbo Flooring Systems, Instarmac Group plc, Beaulieu International Group, Shaw Industries Group, Inc., Del Conca USA, Inc., Mohawk Industries, Mannington Mills, Inc., Gerflor Group, Interface, Inc., Congoleum Corporation, Armstrong Flooring, Inc., and Amtico International, Inc. are the leading players in North America flooring market.