Residential flooring demand is expected to expand sharply between 2020 and 2021. Year-over-year demand is estimated to grow from 14.0 billion square feet valued at $17.6 billion in 2020, to 15.5 billion square feet valued at $20.3 billion in 2021, a year-over-year growth rate of 10.3% by volume and 15.0% by value. Principia’s DemandBuilder® for residential flooring provide insights and data about current demand and forecasted growth.
Industry participants utilize Principia’s DemandBuilder® Residential Flooring to access the data and market intelligence needed to determine current and projected industry demand and gain insights on market dynamics. The latest update includes data from 2021 and includes forecast demand through 2024.
For more information about Principia’s data and insights on residential flooring, contact us today.