Establishments primarily engaged in manufacturing linoleum, asphalted-felt-base, and other hard surface floor coverings, not elsewhere classified. Establishments primarily engaged in manufacturing rubber floor coverings are classified in Industry 3069, and those manufacturing cork floor and wall tile are classified in Industry 2499.
NAICS 3996 encompasses the manufacturing and distribution of linoleum, asphalted-felt-base, and other hard surface floor coverings. One of the latest qualitative trends is an increasing consumer preference for eco-friendly and sustainable flooring options. Linoleum, made from natural materials like linseed oil and wood flour, is garnering renewed interest due to its environmentally friendly attributes. Manufacturers are investing in green certifications and sustainable production processes to cater to this demand.
Technological advancements are another significant trend. Digital printing technology is being widely adopted to create more intricate and customizable designs, enhancing aesthetic options without compromising durability. Additionally, there is an uptick in innovations aimed at simplifying installation processes to appeal to DIY consumers.
In terms of forecast, the market is expected to see moderate growth over the next few years, driven by an increase in residential remodeling activities and commercial projects that favor resilient flooring solutions. Economic recovery post-pandemic and growing urbanization trends are likely to further bolster market expansion.
Lastly, the ongoing focus on health and hygiene is pushing manufacturers to develop flooring products with antimicrobial properties, which can inhibit the growth of bacteria and fungi, enhancing the overall health safety in both residential and commercial spaces.
Carpets, asphalted-felt-base (linoleum)
Floor coverings, asphalted-felt-base (linoleum)
Hard surfaced floor coverings, except rubber and cork
Linoleum
Tile, floor: supported plastics
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
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.
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.