Over the past five years, operators in the Flooring Installers industry have experienced a variety of conditions as the US economy has recovered from the recession and housing values have begun to rebound. With the resurgence of residential construction markets, flooring installers are benefiting from new investments in housing stock. Similarly, nonresidential construction returned to growth during the five-year period as increasing consumer spending revived corporate profit margins. Over the next five years, industry operators are forecast to experience more favorable conditions. Strong residential growth during the period, especially in the next two years, will help flooring contractors increase profitability and expand revenue. Interest rates may rise over the next five years but will remain relatively low and encourage investment from residential and nonresidential property developers.
Contractors in this industry primarily install resilient flooring, carpeting, linoleum and wood or other alternatives, and prepare surfaces for the installation of flooring and floor coverings. Industry activity includes new work, additions, alterations, maintenance and repairs. This industry does not include the installation of concrete flooring (IBISWorld report 23811) or the installation of stone or ceramic floor tile (IBISWorld report 23834).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.