NAICS 23552 - Floor Laying and Other Floor Contractors
This industry comprises establishments primarily engaged in the installation of resilient floor tile, carpeting, linoleum, and wood or resilient flooring. The floor laying and other floor work performed includes new work, additions, alterations, and maintenance and repairs.
Industry trends:
The floor laying and other floor contractors industry (NAICS 23552) has been experiencing several qualitative trends, driven by advances in technology, changing consumer preferences, and evolving industry standards.
One notable trend is the increasing demand for sustainable and eco-friendly flooring solutions. Consumers are becoming more environmentally conscious, prompting contractors to offer materials like bamboo, cork, and recycled hardwood. This trend is expected to gain momentum as sustainability becomes an integral part of building standards and regulations.
Another trend is the integration of smart technology in flooring. Innovative solutions such as radiant heating systems, moisture sensors, and smart carpets are becoming more popular, particularly in high-end residential and commercial projects. These technologies offer added convenience, safety, and efficiency, making them attractive to modern consumers.
The industry is also seeing a shift toward personalized and customizable flooring options. Clients are increasingly seeking unique designs and layouts that reflect their personal style. This has led to a growing market for bespoke flooring solutions, with contractors offering a wide range of patterns, colors, and textures.
Looking forward, the industry is expected to benefit from a robust construction market, driven by residential and commercial real estate developments. However, contractors will need to stay agile and adapt to the evolving landscape by embracing new materials, technologies, and sustainable practices to cater to the changing demands of their clientele.
This industry is comprised of:
Explore related industries:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.