Sales volume of the $23.14 billion U.S. floor covering market totaled 20.52 billion square feet in 2015, says Catalina Research, with hardwood flooring accounting for 1.70 billion and laminate flooring 950 million square feet. Overall projections look good, as both residential and commercial new construction and remodeling markets continue to improve.

The hardwood market continues to be strong, whereas laminate flooring has lost market share to luxury vinyl tile and other hard surface floorings. Laminate flooring also is still dealing with the hit from the high formaldehyde emission levels found in some imported flooring from China.

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Information Sources: National Wood Flooring Assn. (NWFA) Hardwood Floors magazine, Floor Trends, Ipsos, Statista, IBISWorld, Catalina Research, Floor Covering Weekly, Floor Focus, U.S. Department of Commerce, U.S. International Trade Statistics.

Category: Flooring includes: hardwood flooring, laminate/engineered flooring, plank and parquet.

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