Articles
Ceramic Tiles Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
Ceramic tiles market, which is one of the leading variants of the flooring market has suffered several setbacks during 2020 due to the sudden COVID-19 pandemic. India the second largest ceramic tiles product was one of the worst-hit markets due to the virus outbreak which resulted in a shortage of finished tiles in the market. Read More
Commercial Flooring - Global Market Trajectory & Analytics
Amid the COVID-19 crisis, the global market for Commercial Flooring estimated at US$33.8 Billion in the year 2020, is projected to reach a revised size of US$48.6 Billion by 2027, growing at a CAGR of 5.3% over the analysis period 2020-2027. Read More
Laminate holds steady from innovations & more
While COVID-19 had a detrimental effect on some segments of the flooring market, it gave laminate flooring sales a bit of a boost. Due to its low cost and relative DIY-friendliness, people undertaking home improvement projects as a result of their time at home helped keep laminate sales afloat. Read More
Tile takes a dip due to weak builder & commercial
Ceramic tile dollar sales could have decreased by an estimated 2.6 percent, while square footage sales decreased by an estimated 1.5 percent in 2020, Catalina reported. Despite a decline in sales, ceramic tile holds the third largest portion of the floor covering market at 13.3 percent share of total floor covering sales, thanks to innovations in technology that allow for competitively priced, realistic wood and stone visuals. Read More
Resilient’s growth reaches double digits again
According to Catalina Research, in 2020, resilient flooring sales could have increased by 13.8 percent in dollars. Luxury vinyl tile (LVT) sales could have grown by 23.3 percent in dollars, driven largely by the growth in rigid core flooring’s sales — an increase of 39.3 percent in dollars, according to Catalina. “These gains were even sharper than the growth experienced in the non-pandemic year of 2019,” Catalina reported. Read More
2020 marketWise Report
But when flooring stores reopened, residential replacement sales went through the roof. Everywhere. Regardless of store size or location, residential replacement sales were the best they had been in more than 15 years. And that saved the industry. After all of the anxiety, our industry had a 1.5 percent decrease in dollar sales. To say that is remarkable is a gross understatement. Read More
Despite pandemic, second half of 2020 saw gains
The U.S. floor coverings industry had a mixed year in 2020 but it was able to survive the COVID-19 pandemic and end the year on a healthy note. The first half of the year was plagued by the deep pandemic recession, while demand surged in the second half as home renovation spending and new home construction increased sharply. The overall result was a 1.3 percent decrease in U.S. floor coverings manufacturer dollar sales (shipments minus exports plus imports) to $26.7 billion and a 3.2 percent increase in square foot sales to 23.9 billion. Read More