North America Indoor Flooring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Ceramic Tiles, Carpet, Vinyl Linoleum and Rubber, Wood and Laminate, and Others); End-user (Residential, and Non-Residential)

North America Indoor Flooring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Ceramic Tiles, Carpet, Vinyl Linoleum and Rubber, Wood and Laminate, and Others); End-user (Residential, and Non-Residential)

The North America indoor flooring market is expected to grow from US$ US$ 27.35 billion in 2021 to US$ 37.94 billion by 2028; it is estimated to grow at a CAGR of 4.8% from 2021 to 2028. In industrial settings such as warehouses, airplane hangars, assembly plants, paint shops, body shops, and distribution facilities, concrete floors are subject to wear and tear from exposure to harsh as well as corrosive chemicals and oils; they can also be damaged by scratches and abrasions caused by heavy machines and equipment such as airplanes and forklifts. With renowned manufacturers setting up their operational facilities in the countries in this region, the demand for industrial-grade floor coatings is also increasing. The rise in demand has been encouraging the indoor flooring market players to introduce advanced and generic products, which drives the indoor flooring market.

The North America indoor flooring market is segmented into type, end user, and country. Based on type, the North America indoor flooring market is segmented into ceramic tiles, carpet, vinyl linoleum & rubber, wood & laminate, and others. In 2021, the carpet segment accounted for the largest market share. The growth of these segments is attributed to extensively use flooring decor. However, the vinyl linoleum & rubber segment is estimated to register the highest CAGR during the forecast period.

North America is one of the most important regions for adopting and developing new technologies due to favorable government policies to boost innovation, the presence of a huge industrial base, and high purchasing power, especially in developed countries such as the US and Canada. Hence, any impact on industries' growth is expected to affect the region's economic growth negatively. COVID-19 has negatively impacted businesses in the region in four critical areas - supply chain/operations, workforce, 2020 investments, and product offering. According to World meter, till 24th March 2021 30,774,033 cases have been registered in the US alone. In the first nine months, overhead costs, including expenses for sales, research & development (R&D), and administration of various providers fell adversely, owing to severe measures taken during the pandemic. Despite the effects of the North America outbreak, earnings were improved, primarily due to continuous optimization of the cost structure. Besides, owing to the rising number of cases in North America, many ongoing projects that were considered essential by the government authorities were not stopped, but new residential construction permits were suspended.

The overall North America indoor flooring market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the North America hemostasis analyzers market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights into the topic. The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America hemostasis analyzers market. Some of the activities undertaken by the companies, which have promoted market growth, are mergers and acquisitions. The companies include Forbo International SA; Mats Inc.; Armstrong Flooring, Inc.; Beaulieu International Group; Ecore International; Interface, Inc.; Toli Corporation; Mohawk Industries, Inc.; and Shaw Industries Group, Inc.

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