Printer Friendly

US hard surface flooring demand to reach 11.7 billion square feet in 2009.

US demand for hard surface flooring is projected to advance 5.5 percent per annum through 2009 to 11.7 billion square feet, a slight acceleration over the 1999 to 2004 period. Hard surface flooring is expected to gain significant market share from carpets and rugs going forward, driven by growing consumer preferences for high-end products such as laminates, ceramic and natural stone tile, and wood, as well as increasing interest in natural and environmentally responsible products such as natural stone, wood, cork and bamboo. These and other trends are presented in Hard Surface Flooring, a new study from The Freedonia Group, Inc., a Cleveland-based industrial market research firm.

Trends toward high-end, value added products will help boost value gains, although price increases are expected to moderate going forward due to market maturity and intense price competition from imports. Additionally, costs for crude oil (an important raw material in vinyl and laminate flooring production) are anticipated to soften from recent historical highs, which will alleviate pressure on manufacturers to raise prices.

Through 2009, vinyl flooring will continue to be the leading hard surface flooring product, despite losing significant share to laminate flooring and ceramic tile. Vinyl will benefit from its low price and performance characteristics. Laminate flooring is expected to increase its share of the hard surface flooring market and provide the best opportunity for growth by far through 2009. Gains will be driven by continuing popularity and increasing consumer familiarity, as well as the product's attractive price point compared to the flooring choices that it mimics such as wood. Consumer interest in high-end flooring products will aid demand for wood and ceramic tile floor coverings.

The residential building market is expected to provide the best opportunities for hard surface flooring, with demand rising 6.9 percent per year through 2009 to 5.8 billion square feet. Despite a decline in single-family housing activity, gains in multifamily and manufactured housing construction will aid growth. Advances will also be supported by an acceleration in residential repair and improvement spending. The nonresidential market will see accelerating growth through 2009, bolstered by a significant rebound in new construction spending, particularly in the office and commercial segment. A rebound in transportation equipment production will benefit demand for hard surface flooring in motor vehicle, aircraft, recreational vehicle and boat markets.

Hard Surface Flooring (published 08/2005, 266 pages) is available for $4,100 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail pr@freedoniagroup.com. Information may also be obtained through www.freedoniagroup.com.
HARD SURFACE FLOORING DEMAND

(million square feet)

 % Annual Growth

Item 1999 2004 2009 04/99 09/04

Hard Surface Flooring Demand 7300 8940 11700 4.1 5.5
 Residential Building 2990 4130 5760 6.7 6.9
 Nonresidential Building 3855 4385 5480 2.6 4.6
 Transportation Equipment 455 425 460 -1.4 1.6

[c] 2005 by The Freedonia Group, Inc.
COPYRIGHT 2005 Subscription: $00.00 per year as of 1/94. Published irregularly. Contact Freedonia Group, 3570 Warrensville Cente
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Research Studies - Freedonia Group
Date:Oct 30, 2005
Words:501
Previous Article:Plastic & Competitive Pipe demand to exceed 16 billion feet in 2009.
Next Article:World industrial gases demand to reach $30.4 billion in 2009.
Topics:


Related Articles
Carpet and rug growth expected.
US hard surface flooring demand to reach 9 billion square feet in 2007.
US carpet & rug demand to exceed 20 billion square feet in 2009.
US decorative laminate demand to reach 15.7 billion square feet in 2009.
U.S. flooring trends good for wood: a recent study projects laminate and hardwood flooring will continue to gain market share at the expense of...
World demand for flooring and carpet to climb.
U.S. decorative laminates demand to hit 16.6 BSF in 2011.
global laminate flooring market to grow to 1.68 billion square metres by 2010.
global laminate flooring market to grow to 1.68 billion square metres by 2010.
global laminate flooring market to grow to 1.68 billion square metres by 2010.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters