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Contract Flooring Journal (CFJ) the latest news for flooring contractors

HomeLatest NewsContract floorcovering now 49% of the flooring market, up from 45% a...

Contract floorcovering now 49% of the flooring market, up from 45% a decade ago

Prior to the Covid-19 pandemic the contract flooring market was seen to be growing at a steady pace. However, it saw a sharp decline of 14% in 2020 as the construction industry as a whole was stopped overnight, before certain industries were deemed essential, and work could continue.

Poignantly, this decline in this market was not seen for all products, with vinyl sheeting being the exception. Vinyl outperformed all other products in the contract floor market in 2020 owing to its usage in the emergency hospital facilities that were created.

Despite ongoing supply chain issues following Brexit, the contract floorcoverings markets saw a small bounce back in 2021-2022 with a year-on-year growth of 6% & 4% respectively. AMA Research says it’s not expecting a forecasted return of its pre-pandemic value until at least 2024, with a steady growth following this of 2-4% per annum until 2026.

READ THE FULL STORY IN SEPTEMBER CFJ

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