June 17, 2015
Growing wood flooring market share forecast for domestic producers in US
US demand for hard surface flooring is forecast to grow over 6% per year to 2019. A new market research report by Freedonia forecasts higher demand due to new construction, renovation and repair of buildings. A second demand driver is replacement of carpeting for better durability, appearance and lower maintenance. Freedonia estimates total hard surface flooring demand in 2019 at US$16.7 billion or US$1 billion sq.m. However, the largest growth will not be in wood flooring, but in vinyl flooring. Luxury vinyl tiles are very popular in residential and non-residential buildings ...
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