CATEGORY

Flooring Services

Flooring is the permanent or temporary covering provided on the floor of a structure. Materials such as carpets, laminate, vinyl, tiles, stone, etc. are used as floor covering based on the type of building and region

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,600+ categories llike Flooring Services.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

Schedule a Demo

Category Alerts


CATEGORY ALERTS

Expected increase in demand for flooring insulation services

July 01, 2022
alert level: Low

Become a Beroe LiVE.Ai™ Subscriber to receive proactive alerts on Flooring Services

Flooring Services Market Monitoring Dashboard


Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Flooring Services Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Flooring Services category is 8.10%

Payment Terms

(in days)

The industry average payment terms in Flooring Services category for the current quarter is 59.6 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

Meet Abi

The World’s first Digital Market Analyst

    Schedule a Demo
    Meet Abi

    The World’s first Digital Market Analyst

    Abi, the AI-powered digital assistant brings together data, insights, and intelligence for faster answers to sourcing questions

    Flooring Services Suppliers


    219,251
    Total Suppliers
    10,713
    Diverse Suppliers
    76
    Normalized Supplier Rating
    Flooring Services Supplier

    Find the right-fit flooring services supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    Jacobs Engineering Group Inc.
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    1
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    43

    100
    Limited (1)
    ESG Perfomance (/100)
    Environment
    45
    Social
    34
    Governance
    58
    6 Domains Performance (/100)
    Business behaviour
    43
    Human rights
    44
    Community Environment
    68
    Corporate governance
    57
    Human resources
    26
    Security Scorecard
    82

    Threat indicators
    B
    84
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    F
    56
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    73
    Application Security
    Detecting common website application vulnerbilities
    B
    89
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    100
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    90
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    97
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    jacobs.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    14
    Workforce Health Safety Issues
    0
    Product Service Issues
    14
    Human Rights Issues
    0
    Production Supply Chain Issues
    0
    Environmental Non Compliance Flags
    28
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    4
    Fraud Issues
    1
    Labor Health Safety Flags
    1
    Regulatory Issues
    3
    Workforce Disputes
    0
    Sanctions
    0
    esg energy transition
    43
    Discrimination Workforce Rights Issues
    1
    esg controversies critical severity
    No

    Flooring Services market report transcript


    Global Flooring Services Market Outlook

    • The global flooring market is set to grow at a CAGR of 5.6 percent from 2020 to 2026, a decrease in 2020 compared to the previous forecast, due to the adverse effects of the Covid-19 crisis on the global flooring market, especially China
    • The non-resilient segment is expected to grow at a CAGR of 6 percent from 2020 to 2026, owing to increased usage in industrial and commercial segments
    • In 2019, the biggest share of more than 45 percent in the global flooring market value was attributed to APAC, followed by Europe, North America, LATAM, Middle East, and Africa

     

    • The major flooring market trends include sustainability, waterproof flooring, type of flooring, change in manufacturing, material and designs.
    • According to flooring market analysis, the cost breakdown percentage is
    • Product: 35–40, Installation/Labor: 30–45, Logistics: 5–10, Maintenance: 5, Extended Warranty: 0–5, and Profit Margin: 10.
    • Flooring industry outlook (2018): Global market size: $262.8 billion
    • High Market Maturity Regions: North America, Western Europe and APAC
    • Medium Market Maturity Regions: Middle East, LATAM, and Africa
    • The Top Global Service Providers in the flooring market are Mohawk Industries,Tarkett, Armstrong Flooring Inc., and Shaw Industries Group, Inc.

    Testing Methods in the Flooring market

    • The most widely accepted standards have been set up by the American Society for Testing and Materials (ASTM International)
    • ASTM standards are internationally followed for all kinds flooring products, along with other testing methods
    • Various other standards and tests have been established by European Standard Associations, Japan Industrial Standards Committee, ISO, etc

    Global Flooring Services Market: Global Scenario 

    • The flooring market is expected to grow at a healthy rate of 6.5 percent CAGR, and the residential sector in both developed  and developing markets, especially North America and Europe, are the major users of flooring materials

    Market Outlook 

    • The global flooring market is expected to grow up to $450 billion by 2026. Increasing demand for innovative flooring solutions in commercial and industrial spaces and urbanization will be the major growth drivers of the flooring industry in the developed and developing economies

    • The global market share of commercial flooring is estimated to grow at a CAGR of 6 percent between 2017 and 2025, with North America showing the highest growth among all other regions. APAC and Europe account for approximately 65 percent of the global flooring market 

    • In 2017, the highest share of $118 billion in the global flooring market value is attributed to APAC, followed by Europe and North America

    Global Flooring Services Market: Key Market Segments

    Non-resilient flooring products are expected to dominate the flooring market from 2018 to 2022, with a market share of 74 percent of the total market in 2017. Vinyl & rubber flooring and laminates are picking up in usage, and these materials will face high demand in the near future

    Market Outlook 

    • Laminates and wood flooring are expected to grow at a CAGR of 7 percent between 2017 and 2025
    • Demand for insulation is expected to provide a boost to the flooring industry in the coming years

    • Non-resilient flooring segment accounted for around 74 percent of the total global flooring market in 2017

    • Luxury vinyl tile is replacing vinyl sheets in the commercial sector, owing to its advanced properties and high usability. LVT is expected to grow at CAGR of 6 percent until 2024

    • Vinyl & rubber flooring is expected to pick up in 2017, owing to its high cost efficiency and increased durability 

    • Wood and carpet flooring are the most preferred kinds of flooring for retail store clients

    • Several consumers in developed and developing countries are focusing on waterproof flooring. Therefore, there is an increasing demand for vinyl flooring combined with WPC as an effective solution in the coming years

    Market Overview

    According to the flooring industry market research, the global flooring market remains comparatively consolidated with fragmented local and regional markets. The market demand for sustainable flooring will increase the supplier negotiation power in markets, such as U.S., U.K., etc. Flooring market analysis shows that sustainable products, such as bamboo flooring, recycled concrete flooring, etc., are gaining popularity among the buyers. Cost-effective products available in the market are posing a threat to the global players. High penetration of online retail sales has dampened the demand in American, European & Chinese markets. The US and key Asian flooring market are competitive, as several regional wholesale distributors have entered the market. High initial capital investment by new entrants poses a huge barrier to new suppliers.

    Why You Should Buy This Report

    This flooring industry market research report provides insight into the flooring market trends, size, segmentation, flooring industry outlook and lists out the major drivers and constraints. It gives the Porter’s five force analysis of the major global flooring industry and provides the cost breakup for flooring. The flooring market research report details the supply landscape and gives the SWOT analysis of key suppliers like Armstrong Flooring, Inc., Tarkett, Shaw Industries Group, Inc., etc. This flooring market analysis report lists out the best sourcing practices.