Flooring Installers in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: August 2024
NAICS 23833Revenue
$29.2bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
184k
Businesses
122k
Wages
$X.Xbn
Flooring Installers in the US industry analysis
Flooring installers have navigated a rocky landscape shaped by shifting interest rates and consumer preferences in recent years. These tradespeople experienced a significant surge during the pandemic, buoyed by a residential construction boom driven by low interest rates and a mass movement toward home improvement projects. However, as interest rates climbed, this momentum faltered, leading to a slowdown in residential construction, particularly in single-family homes. The apartment building market proved more resilient as higher homeownership costs pushed more people towards rentals, ensuring a steadier demand for flooring installations in multi-unit dwellings. Despite the slower recovery in office building construction, other commercial spaces like warehouses and hotels have offered growth opportunities. Industry revenue has been decreasing at a CAGR of 0.6% to total an estimated $29.2 billion in 2024, including an estimated increase of 1.4% in 2024.
Trends and Insights
- Flooring installers are facing hard times because of an unfavorable operating environment. Higher interest rates have led to a drop in new commercial and residential projects, resulting in declining revenue.
- Cork, rubber and linoleum dominate the flooring market. These materials lead in popularity and application. Also, carpet and rug installations contribute significantly to overall demand in the flooring sector.
- Floor installers often set up near downstream markets, particularly in the Southeast. This region's high residential construction activity is driven by the fact that it's home to one-quarter of the US population.
- Competitive pricing is crucial among low-margin flooring installers. Installers must offer a range of services to meet all construction needs. Delivering comprehensive solutions helps attract and retain customers.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.6 % over the past five years, to reach an estimated $29.2bn in 2024.
Trends and Insights
Changing interest rates induced volatility in the residential market
- During the pandemic, floor installers enjoyed a significant surge in residential construction. Low interest rates were a key driver, spurring a noteworthy uptick in housing starts and private spending on home improvements.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Commercial construction will recover, but certain markets may contract
- Lower interest rates will stimulate the development and expansion of commercial establishments like stores and restaurants. This trend will benefit floor installers as increased disposable incomes and a stronger economic climate drive commercial building growth.
Biggest companies in the Flooring Installers in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Empire Today LLC | 694.7 | 43.1 | 6.2 | |
Mannington Mills Inc. | 205.4 | 12.7 | 6.2 | |
Armstrong World Industries, Inc. | 109.8 | 6.8 | 6.2 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Flooring Installers in the US
Products & Services
Industry revenue is measured across several distinct product and services lines, including Carpet and rug flooring, Vinyl sheet and tile flooring and Hardwood flooring. Carpet and rug flooring is the largest segment of the Flooring Installers in the US.
Trends and Insights
Carpet and rug flooring are losing popularity, but are still dominant
- This segment includes installing, upgrading and maintaining carpet and rug flooring for residential, commercial, institutional and industrial building markets.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Tile Installers in the US
- Concrete Contractors in the US
Complementors
- Carpenters in the US
- Floor Covering Stores in the US
International industries
- Tiling and Carpeting Services in Australia
- Tiling and Carpeting Services in New Zealand
- Floor & Wall Covering in the UK
- Building Completion & Interior Design in China
Table of Contents
About this industry
Industry definition
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 (23834).
What's included in this industry?
Installing and removing carpet, including sewing, binding and cuttingInstalling and removing asphalt tile, linoleum and resilient flooringInstalling wood flooringLaying, scraping, finishing or refinishing parquet and other hardwood flooringInstalling resilient sheet tilesResurfacing flooring using epoxy resinsSanding and finishing wooden floorsCompanies
Empire Today LLCMannington Mills Inc.Armstrong World Industries, Inc.Purchase this report to view all 5 major companies in this industry.
Related Terms
RESILIENT FLOORINGVINYL FLOORINGLINOLEUMIndustry Code
NAICS 23833 - Flooring Installers in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Flooring installers are facing hard times because of an unfavorable operating environment. Higher interest rates have led to a drop in new commercial and residential projects...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Cork, rubber and linoleum dominate the flooring market. These materials lead in popularity and application. Also, carpet and rug installations contribute significantly to ove...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Floor installers often set up near downstream markets, particularly in the Southeast. This region's high residential construction activity is driven by the fact that it's hom...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competitive pricing is crucial among low-margin flooring installers. Installers must offer a range of services to meet all construction needs. Delivering comprehensive soluti...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
There is high fragmentation among flooring installers, but Empire Today stands out. The company employs a higher-than-average number of workers compared to competitors.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Empire Today LLC's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Mannington Mills Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Armstrong World Industries, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Empire Today LLC, and factors influencing its performance in the industry
- Description and key data for Mannington Mills Inc., and factors influencing its performance in the industry
- Description and key data for Armstrong World Industries, Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Certification is now essential for obtaining high-revenue contracts. This requirement also boosts quality and ensures installations meet required standards, benefiting both c...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Purchases are the largest cost for floor installers. Primary inputs consist of lumber products, sealants, coloring agents, adhesives, padded cushions, tack strips, staples, s...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Flooring Installers in the US industry in United States in 2024?
The market size of the Flooring Installers in the US industry in United States is $29.2bn in 2024.
How many businesses are there in the Flooring Installers in the US industry in 2024?
There are 122k businesses in the Flooring Installers in the US industry in United States, which has grown at a CAGR of 1.5 % between 2019 and 2024.
Has the Flooring Installers in the US industry in United States grown or declined over the past 5 years?
The market size of the Flooring Installers in the US industry in United States has been declining at a CAGR of 0.6 % between 2019 and 2024.
What is the forecast growth of the Flooring Installers in the US industry in United States over the next 5 years?
Over the next five years, the Flooring Installers in the US industry in United States is expected to grow.
What are the biggest companies in the Flooring Installers in the US market in United States?
The biggest companies operating in the Flooring Installers market in United States are Empire Today LLC, Mannington Mills Inc. and Armstrong World Industries, Inc.
What does the Flooring Installers in the US in United States include?
Installing and removing carpet, including sewing, binding and cutting and Installing and removing asphalt tile, linoleum and resilient flooring are part of the Flooring Installers in the US industry.
Which companies have the highest market share in the Flooring Installers in the US in United States?
The company holding the most market share in United States is Empire Today LLC.
How competitive is the Flooring Installers in the US industry in United States?
The level of competition is high and steady in the Flooring Installers in the US industry in United States.
