Advertisement

Floor Report Reveals Market Trends

In 2017, the total flooring market for commercial and industrial settings was forecast to grow 5.1 percent to US$7.3 billion.

Floor Report Reveals Market Trends

In 2017, the total flooring market for commercial and industrial settings (excluding rubber flooring) was forecast to grow 5.1 percent to US$7.3 billion at manufacturer sale pricing—or 4.8 billion square yards in volume. The average price per square foot was estimated to be $1.39, up from $1.36 in 2016.

This is one of many findings industry professionals can find in the ISSA & American Association of Cleaning Equipment Manufacturers (AACEM) Industry Trends Report. This report was developed to help industry professionals stay current with commercial construction and renovation activity and projections, flooring materials trends, and key U.S. economic indicators. For example:

  • Building service contractors can gain greater understanding of end-user trends and preferences to adapt their product offerings and service solutions.
  • In-house service professionals may gauge flooring installation trends and analyze how their facilities compare to similar building types.

Following are some additional key findings.

Popular Flooring Types

According to the 2017 third-quarter ISSA & AACEM Industry Trends Report, most flooring types are performing somewhat near to forecast levels. The fastest growing flooring type is resilient flooring, which was up 12.9 percent in the year to date, compared to an 8.4 percent forecast. Conversely, hardwood flooring was the biggest laggard, falling 11 percent in the year to date as luxury vinyl tile (LVT) and other hard surface floorings cannibalized wood flooring sales more than expected.

Floor Type by Building

A key trend in health care is consolidation—as major health systems merge, hospitals acquire physician and specialty practices, and physician groups join forces to reduce overhead. Based on the nature of the health care business, hard surface floorings, resilient flooring, LVT, and ceramic tile are being used for practicality and cost considerations.

Commercial Construction Trends

While nonresidential construction has been volatile during the last several years, the commercial renovation market has grown steadily and overall is forecast to grow slightly during the next few years as more buildings age and require renovation, maintenance, repair, and remodeling.

Facilities

As the 2017 second-quarter report indicates, offices composed 26 percent of already-existing commercial flooring in 2016. Keeping tabs on office vacancy rates on a quarterly basis can prove valuable to those supplying and servicing this market.

Access the full report

The quarterly reports from 2017 are available exclusively to ISSA and AACEM members at www.issa.com/flooringtrends. More information about membership is available at www.issa.com/membership.

           
Posted On March 2, 2018

Jonathan Adkins

Director of Market Research and Analytics, ISSA

Jonathan Adkins is director of market research and analytics for ISSA. He can be reached at [email protected].

Topics Tags
 

Also in Hard Floors

Take Charge of Sweeping Environmental Changes
June 12, 2024 Conway Hui

Take Charge of Sweeping Environmental Changes

June 10, 2024 Carlos Albir Jr.

5 Steps for Adding Sustainability to Your Floor Care Routine

May 30, 2024 Justin Brown

The Science Behind the Shine

May 22, 2024 Kathleen Misovic

Add Beauty to Your Facility With Natural Stone Floors

Sponsored in Hard Floors

2021 CMM Hard Floor Care Webinar: Tales From The Trenches
June 16, 2021

2021 CMM Hard Floor Care Webinar: Tales From The Trenches

July 17, 2020

CMM Hard Floor Care Webinar: The Finishing Line

June 10, 2020 Sponsored by Spartan Chemical Company

Buildings Closed? Get a Head Start on Floor Care Projects

June 10, 2020 Sponsored by Makita

Freedom From the Cord

Recent News

Disposable gloves, PPE

Global PPE Market to Grow US$43.6 Billion by 2030

Healthcare Challenges for Aging HIV Population

ISSA Hosts Successful 2024 Business Growth Strategies Conference

Rare Drug-Resistant Flu Variant Detected in U.S.

Floor Report Reveals Market Trends
Share Article
Subscribe to CMM