In the past five years, industry performance has fallen in line with reduced demand from downstream construction markets. After the subprime mortgage crisis erupted, the collapse of the housing development market was especially devastating to demand for industry services. Over the next five years, however, an increase in home improvement spending and the strong projected upswing of investment into the housing and commercial building markets are forecast to support a return to growth.
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).
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.