Canada Commercial Flooring Market Size & Outlook, 2022-2030
Canada commercial flooring market, 2018-2030 (US$M)
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Canada commercial flooring market highlights
- The Canada commercial flooring market generated a revenue of USD 3,476.1 million in 2022 and is expected to reach USD 4,990.1 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.6% from 2023 to 2030.
- In terms of segment, carpet was the largest revenue generating product in 2022.
- Vitrified (Porcelain) is the most lucrative product segment registering the fastest growth during the forecast period.
Commercial flooring market data book summary
| Market revenue in 2022 | USD 3,476.1 million |
| Market revenue in 2030 | USD 4,990.1 million |
| Growth rate | 4.6% (CAGR from 2022 to 2030) |
| Largest segment | Carpet |
| Fastest growing segment | Vitrified (Porcelain) |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramics, Vitrified (Porcelain), Carpet, Vinyl, LVT, Linoleum & Rubber, Wood & Laminate, Natural Stone, Other Products |
| Key market players worldwide | Armstrong Flooring Inc, RPM International Inc, Interface Inc, Forbo Holding AG, James Halstead PLC, Noxel Corp, Amtico International, Congoleum, Gerflor Group, Mohawk Industries Inc, Mannington Mills, Inc., Nora systems, TOLI |
Other key industry trends
- In terms of revenue, Canada accounted for 2.6% of the global commercial flooring market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. commercial flooring market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,990.1 million by 2030.
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Commercial Flooring Market Scope
Commercial Flooring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada commercial flooring market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial flooring market will help companies and investors design strategic landscapes.
Carpet was the largest segment with a revenue share of 44.8% in 2022. Horizon Databook has segmented the Canada commercial flooring market based on ceramics, vitrified (porcelain), carpet, vinyl, lvt, linoleum & rubber, wood & laminate, natural stone, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing government investments in infrastructure projects, expanding population, rising urbanization, and increased immigration are driving the demand for the construction of commercial and institutional building structures.
Rising industrial construction activities owing to the growth of the manufacturing industry are expected to fuel the demand for factories and warehouses, driving the commercial flooring market over the forecast period.
As of 2022, service sector accounts for over 70% of the GDP in Canada. An increasing number of service-providing firms in the country is expected to propel the demand for office spaces, thereby, fueling the growth of the commercial construction sector.
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Our clientele includes a mix of commercial flooring market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada commercial flooring market, including forecasts for subscribers. This country databook contains high-level insights into Canada commercial flooring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada commercial flooring market size, by product, 2018-2030 (US$M)
Canada Commercial Flooring Market Share, 2022 & 2030 (US$M)
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