Articles

In 2021, U.S. floor coverings sales came roaring back from the pandemic recession as the availability of a COVID-19 vaccination and continued fiscal and monetary stimulus gave consumers the confidence to replace their flooring. According to Catalina Research, residential purchases also received a boost from sharp gains in new home construction and existing home sales due to historic low interest rates. Read More

Mohawk Industries announced Q2 2022 net sales of $3.2 billion, an increase of 7% over Q2 2021’s $3.0 billion. For Q2 2022, net earnings were $280 million, a 17% decline compared to Q2 2021’s $336 million. Read More

Flooring Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Product Type, Material, and Application July 28, 2022 from Research and Markets The flooring market… Read More

he National Kitchen & Bath Association (NKBA) has released its midyear 2022 Kitchen & Bath Market Outlook. While both inflation and mortgage rate increases have impacted the segment, the overall annual forecast still represents a double-digit increase over 2021. Read More

“About 3 in 5 homeowners (61 percent) did home improvement projects since March 1, 2020, according to an August 2020 NerdWallet Survey. In 2021, 77 percent of those surveyed were motivated to take on a DIY project to increase the future sale value of their homes, according to an Angi survey of 1,000 U.S. homeowners on the DIY home improvements they made during the pandemic, how much they spent and their successes and failures,” Sommer shared. Read More

The floor covering industry is depends on various general economic conditions, such as consumer confidence, income and spending, corporate and government spending, interest rate levels, availability of credit and demand for housing. Increasing new construction facilities, surging demand of residential buildings, commercial amenities and healthcare facilities are likely to drive the growth of the market. According to the report title, “Global Flooring Market Outlook, 2027” the market was value at around USD 340 Billion in 2021 and it is anticipated to grow with the CAGR of 6.18% from 2022 to 2027. Read More

As of 2020, Millennials and Generation Z account for more than 42 percent of the U.S. population, with Millennials eking past Baby Boomers for the title of the biggest generation. And with Millennials ranging from their mid-20s to early 40s and Gen Zers entering adulthood, these combined demographics make up a significant, lucrative segment of consumers. Ensuring you have not only the products these consumers are looking for, but the messaging and marketing that they respond to, is critical to your success. Read More

In the month of May, Italy jumped to first place in ceramic tile imports with 3.4 million square meters, followed by Spain 2.9 million square meters, Mexico 2.7 million square meters, India 2.46 million square meters, Turkey 2.4 million square meters and Brazil 1.8 million square meters, reports Grosser Consulting. Total imports for the month were 17.9 million square meters, the highest month so far for this year. Read More

According to the analysis, in 2019 it took 39 days for a container ship to travel from China to the United States, while in 2020 it took 49 days and in 2021 68. Costs increased as well: in 2019 shipping a container by sea cost an average of US$1,421, rising to US$2,171 in 2020 and to a whopping US$7,556 in 2021. Read More

Catalina Research has released its latest Floor Coverings Industry Quarterly Update. According to the report, U.S. floor coverings dollar sales (shipments minus exports plus imports) growth has been increasing at double-digit rates in the first half of 2022. Read More