Carpet segment has the Largest Share of Type in the North America Indoor Flooring Market during 2021–2028 

According to a new market research study on “North America Indoor Flooring Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, End User and Country” is expected to reach US$ 37.94 billion by 2028 from US$ 27.35 billion in 2021. The market is estimated to grow at a CAGR of 4.8% from 2021 to 2028. The report provides trends prevailing in the North America indoor flooring market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to rising in number of commercial and residential construction projects and surge in product innovations and launches are the key factors driving the market growth. However, the market is expected to experience slow growth during the forecast period owing to stringent government regulations and high cost of installation and maintenance.

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 the growth of industries is expected to affect the region's economic growth negatively. COVID-19 has negatively impacted businesses in the region in four critical areas, such as 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, due 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 market for North America Indoor Flooring Market is segmented into the 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.

Forbo International SA, Mats Inc., Armstrong Flooring, Inc., Beaulieu International Group , Ecore International , Interface, Inc. ,Toli Corporation , Mohawk Industries, Inc. ,Shaw Industries Group, Inc.. Among the leading companies in the North America indoor flooring market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The market for North America indoor flooring market is segmented into type, and end user. Based on type, the North America indoor flooring market is segmented ceramic tiles, carpet, vinyl linoleum & rubber, wood & laminate and others. Based on end user, the North America indoor flooring market is segmented into residential, and non-residential. By Geographically, North America indoor flooring market is segmented into (US, Canada, and Mexico).

North America Indoor Flooring Market, By Country, 2021 and 2028 (%)

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