The global commercial flooring market is expected to reach $166.63 billion U.S by 2020, according to a recent study. North America is also expected to grow considerably over the forecast period.
The Global Commercial Flooring Market By Product, Application and Segment Forecasts, published by Grand View Research, Inc., reports that technological advancements and installation techniques have driven residential, commercial and industrial flooring applications. The San Francisco-based research firm also states that increasing demand in the construction industry is expected to be the key driving force for the market over the next six years.
“The report findings make sense as flooring is an essential item,” said Doug McDonald, President of Darwin Fisher Commercial Flooring, Inc., based in Mississauga, ON. “Over the past 10 years we’ve seen some major changes in the development of new materials that are both technologically superior, but also aesthetically pleasing, that have had a positive impact on the industry. This includes demand for environmentally friendly solutions which include bamboo, cork, hardwood and certain types of carpet.”
The report states development of new and innovative products and hassle-free installation techniques have considerably driven the commercial flooring market.
“There’s an abundance of excellent technology which has really driven the ease of installation,” said McDonald. “Our services reflect our investment in technology to save our clients time and money. For example, we own a furniture lifting system called Levitate, which gives us the ability to replace carpet without dismantling office workstations, desks and other furniture. It’s innovations such as this that are really helping to increase customer satisfaction, helping to drive the overall market.”
Source: Grand View Research, Inc.
The report segments the commercial flooring market into soft coverings, seamless flooring, resilient & non-resilient flooring, and woods & laminates. Soft coverings comprise of carpet tiles, broadlooms, and other flooring types such as rugs & carpets while resilient flooring includes linoleum, vinyl sheet flooring, vinyl tiles and primary rubber flooring.
“When it comes to materials, every situation is quite different and requires a customized solution,” said McDonald. “Our project management expertise includes understanding the details of site needs including preparation, installation, and post maintenance issues that make each job unique, including eco-friendly solutions.”
The report further explains that resilient flooring is on the brink of high penetration over the next six years. Healthcare and education sectors generate significant demand for vinyl sheets with the former using homogeneous sheet in clinical environments. Luxury vinyl tiles (LVT) have percolated to most of the commercial flooring application sectors and have increasingly replaced vinyl composite tiles (VCT) in corporate sector applications such as back office, cafeterias, break rooms, and corridors.
Imax Designer Name: Quadrangle
“We have noticed a huge upsurge in LVTs and carpet tiles,” said McDonald. “Ceramics has also been a big market for us. These three areas are all growing sectors for Darwin Fisher.”
Sheridan Residences and Conference Centre Designer Name: Darwin Fisher
McDonald’s observations concur with the report, which states that “compared to the residential sector, carpets’ demand in the commercial flooring sector is significantly higher. Carpet tiles have garnered importance in corporate applications and that a vast majority of the non-resilient commercial flooring market is comprised of ceramic tiles, in which porcelain is the dominant material owing to high-temperature tolerance and stain resistance. Hardwood and laminate are mostly used in niche applications,” the report reveals.
“There are a lot of flooring types to consider. We offer all of our customers our expertise and assistance in evaluating products performance/cost ratios to ensure a budget meets all the targets of a project,” explained McDonald.
Report Insights
Application – Key commercial flooring application areas include commercial offices, education, healthcare, leisure & hospitality, public buildings, and retail. Expansion of ultramodern offices and workspaces along with rapid urbanization and evolved consumer lifestyles has led to the growth of global commercial flooring market. The demand for commercial flooring materials across healthcare has been substantial owing to the increased requirement of anti-bacterial and slip resistant flooring solutions. High-end retail stores are expected to generate considerable demand due to increased remodeling activity.
Competition – Key commercial flooring market participants include China National Building Material Co. Ltd., Flowcrete (RPM International), Hanwha, James Halstead, LG Hausys, Milliken Floor Covering, Nora, Novalis, NOX Corporation, Tajima, Tkflor, and Toli flooring. Companies are constantly developing innovative products and display & distribution systems such as online catalogs and virtual assistants to help consumers choose the perfect product for the intended application.
Corporate Office Designer Name: XDesign
In addition, emergence of modern digital ink printing technology for creating patterns over ceramic tiles and other finishing products such as UV resistant and stain resistant coatings have helped in the better maintenance of the commercial flooring products.
Continuous and timely supply of raw materials used for manufacturing process is crucial for success of market players, as a result of which switching suppliers may negatively impact the financial and operating results of industry participants.
Raw material costs have had a significant impact on the commercial flooring industry. Along with the issue of transportation cost, manufacturers have to deal with increasing fossil fuels prices as a result of which their margins have shrunk to a large extent. Carpet and resilient flooring are largely derived from fossil fuels. However, the price rise of fossil fuels has considerably driven technological developments to enhance efficiency.
Further key findings from the study include:
- The resilient category is poised for high growth over the next six years.
- Carpets’ penetration into the commercial flooring sector is higher than that in the residential sector.
- Commercial offices accounted for a substantial market share in 2013, with significant demand originating from both, owner-occupied spaces and tenant improvement. Healthcare is expected to exhibit high growth potential throughout the forecast period with high demand anticipated from medical office buildings, acute care, and senior living categories. Considerable remodeling activity, particularly in higher-end retail stores is expected to play a pivotal role in high commercial flooring demand from the retail sector.
- Steady demand from education and healthcare sectors supplementing increasing demand from the corporate section has driven the North American commercial flooring market.
- Key commercial flooring market players are constantly evolving and innovating in a bid to maintain competitiveness.
To contact Grand View for the full research report: Click here
For more information about commercial flooring and installation please contact info@darwinfisher.com