Canada Flooring Market Size & Outlook, 2023-2030
Canada flooring market, 2018-2030 (US$M)
Related Markets
Canada flooring market highlights
- The Canada flooring market generated a revenue of USD 8,207.1 million in 2023 and is expected to reach USD 11,704.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, residential was the largest revenue generating application in 2023.
- Residential is the most lucrative application segment registering the fastest growth during the forecast period.
Flooring market data book summary
| Market revenue in 2023 | USD 8,207.1 million |
| Market revenue in 2030 | USD 11,704.6 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Residential |
| Fastest growing segment | Residential |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Residential, Non-Residential |
| Key market players worldwide | Mohawk Industries Inc, Tarkett SA, Forbo Holding AG, Interface Inc, James Halstead PLC, Atlas Copco AB ADR |
Other key industry trends
- In terms of revenue, Canada accounted for 5.2% of the global flooring market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. 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 11,704.6 million by 2030.
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Flooring Market Scope
Flooring Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 flooring market will help companies and investors design strategic landscapes.
Residential was the largest segment with a revenue share of 56.03% in 2023. Horizon Databook has segmented the Canada flooring market based on residential, non-residential covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing government investment in infrastructure projects coupled with expanding population, rising urbanization, and increased immigration rate across the country is driving the demand for the construction of residential and non-residential building structures.
Rising commercial construction activities in the country, owing to the growth of the service industry, are expected to fuel the demand for office spaces, thereby driving the flooring market over the forecast period. This growing trend is anticipated to significantly boost residential construction activities in Canada in the coming years.
The efforts and investments by the government to provide affordable housing to lower-income groups through the Canada Mortgage and Housing Corporation (CMHC) and the Affordable Housing Initiative (AHI) are anticipated to further contribute to residential construction activities in the country.
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Target buyers of Canada flooring market databook
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Our clientele includes a mix of 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 flooring market , including forecasts for subscribers. This country databook contains high-level insights into Canada flooring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada flooring market size, by application, 2018-2030 (US$M)
Canada Flooring Market Outlook Share, 2023 & 2030 (US$M)
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