Lucintel Forecasts Canadian Flooring Market to Reach $2 Billion by 2030
Lucintel Forecasts Canadian Flooring Market to Reach $2 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the Canadian flooring market looks promising with opportunities in the residential and commercial sectors. The Canadian flooring market is expected to reach an estimated $2 billion by 2030 with a CAGR of 3% from 2023 to 2030. Growth in this market is primarily driven by increasing residential construction and growth in renovation and remodeling activities.
A more than 150-page report to understand trends, opportunity and forecast in Canadian flooring market to 2031 by end use (residential and commercial), residential end use (single-family and multiple-family), flooring type (carpets and rugs, resilient flooring (vinyl and others), and non-resilient (wood and laminates, ceramic tiles, and others), and by province (Quebec, British Columbia, Alberta, Ontario, and others).
Lucintel forecasts that resilient flooring is expected to witness the highest growth over the forecast period due to its minimal maintenance requirements and high durability.
Within the Canadian flooring market, residential will remain the largest end use market over the forecast period due to growth in single and multi-family buildings.
Shaw industries, Armstrong Flooring, Mannington Mills, Inc., Kraus Flooring, Breeze Wood Floors are the major suppliers in the Canadian flooring market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056