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

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CATEGORY ALERTS

Expected increase in demand for flooring insulation services

July 01, 2022
alert level: Low
CATEGORY ALERTS

Expected increase in demand for flooring insulation services

July 01, 2022
alert level: Low
CATEGORY ALERTS

Expected increase in demand for flooring insulation services

July 01, 2022
alert level: Low

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Flooring Services Market Monitoring Dashboard


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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

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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

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    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™.

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    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

    Market Overview (2022E)

    Global Market Size: $331 billion

    • The global flooring market is set to grow at a CAGR of 6.3 percent from 2022 to 2028, due to gains in to gains in the global construction and housing markets.

    • The non-resilient segment is expected to grow at a CAGR of 5.3 percent from 2022 to 2026, owing to increased usage in the industrial and commercial segments

    • It is estimated that, the biggest share of more than 40 percent in the global flooring market value was attributed to APAC, followed by North America, Europe, LATAM, Middle East, and Africa

     

    Major Trends Observed

    • Sustainability is the focus point in most of the stores today. Hence, various high-end retailers prefer biodegradable products and eco-flooring in their stores

    • Hybrid flooring also known as composite hardwood, that is composed of multiple materials, is an emerging sub-category. The product can standup to the concern revolving around moisture and performance.

    • Big retailers prefer to engage with a preferred supplier globally, owing to economies of scale, standardization, and quantity discounts

    Global Flooring Services Market: Global Scenario 

    • The global flooring market is estimated to be $331 billion is 2022 and expected to grow at a CAGR of 5-6 percent during the 2022 and 2028. Due to geopolitical tensions across the globe, the market growth rate is expected to be volatile for short term, with growth between 3-5 percent per year, however on longer run the market is expected to grow at a rate of 6.3 percent CAGR by 2028

    Market Outlook 

    • The global flooring market is expected to grow up to ~$480 billion by 2028. The growth in demand is expected to increase in 2022, owing to the rise in the construction activities and due to the ease in restrictions imposed by governments of various countries

    • Increasing demand for innovative flooring solutions in pharmaceutical, commercial, and industrial spaces and urbanization will be the major growth drivers of the flooring industry in the developed and developing economies in the coming years. The spend on the Home renovation activity have reached the highest rates reported since 2018.

    • APAC and MENA will experience the highest growth and will account for approximately 54 percent of the global flooring market by the end of 2022.

    Global Flooring Services Market: Key Market Segments

    • Non-resilient flooring products are expected to dominate the flooring market in the next five years, with a market share of 40 percent. Vinyl & rubber flooring and laminates are picking up in usage, and these materials will face high demand in the coming years.

    Market Outlook 

    • The global hardwood flooring market is expected to grow at a CAGR of ~5 percent between 2022 and 2027

    • The laminate flooring market is expected to grow at a CAGR of 4.2 percent from 2022 to 2026

    • Demand for insulation is expected to provide a boost to the flooring industry in the coming years

    • The resilient flooring segment is expected to grow at a rate of ~8–9 percent until 2026, owing to the huge demand in APAC

    • The non-resilient segment is expected to grow at a CAGR of 5.3 percent from 2022 to 2026, owing to increased usage in industrial and commercial segments

    • 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 a CAGR of 7.4 percent until 2026

    • Carpets and rugs are expected to see a growth of approx. 3–3.5 percent in the coming years, which comprises of nearly 45 percent volumetric share in US

    • Sustainable wooden laminar composite will expand as a market in the near future

    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.

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