Articles

Flooring process is used to cover the ground surface of buildings by utilizing various covering materials such as tiles, carpets and vinyl. Industrial flooring is used as covering of the industrial buildings and manufacturing units. These flooring provides many benefits over conventional flooring such as easier common repair and maintenance requirements. Read More

By any measure, 2023 will be a challenging year for the floor coverings industry. Historically, every time mortgage rates increased housing demand declines. And when housing demand declines flooring sales suffer. The past year has been no exception. The nearly 80 percent increase in mortgage rates in 2022 resulted in housing demand (new completions, existing home sales, and manufactured housing) declining by about 14 percent. Read More

Through 3Q 2022, total U.S. ceramic tile consumption was up 1.3% by volume year over year, reports the Tile Council of North America. Read More

Despite the severe difficulties caused by soaring costs, in 2022 the Italian ceramic tile industry’s production, sales and export volumes remained stable at the previous year’s levels. Read More

U.S. floor coverings manufacturer sales (shipments minus exports plus imports) growth continued to slow in the fourth quarter of 2022 as mortgage interest rates topped 7.0%. In the fourth quarter, dollar sales could have increased by 2.4%, while square foot sales could have dropped by 5.5%. Square foot sales dropped as housing demand decreased. Read More

The global natural stone market is expected to grow from $28.25 billion in 2021 to $30.49 billion in 2022 at a compound annual growth rate (CAGR) of 7.9%. Read More

The U.S. terrazzo market is expected to reach USD 13.47 billion by 2030, registering a CAGR of 5.6% from 2022 to 2030. Increasing demand for residential and commercial construction sectors on account of its high-performance characteristics such impact resistance, high durability, and negligible bacteria growth are expected to drive the market growth. Read More

The global industrial flooring market is expected to grow from $6.26 billion in 2021 to $6.91 billion in 2022 at a compound annual growth rate (CAGR) of 10.3%. The industrial flooring market is expected to grow to $9.08 billion in 2026 at a CAGR of 7.1%. Read More

Real gross domestic product (GDP) increased at an annual rate of 2.6 percent in the third quarter of 2022 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 0.6 percent. Read More

The declining U.S. housing market has finally caught up with the domestic kitchen and bath industry causing dollar sales growth to slow. Dollar sales gains, however, are being held up by rising prices as manufacturers pass through rising material, labor and transportation costs. Read More