Articles

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 engineered stone market is expected to grow from $20.20 billion in 2021 to $21.67 billion in 2022 at a compound annual growth rate (CAGR) of 7.30%. The market is expected to reach $29.92 billion in 2026 at a CAGR of 8.40%. Read More

Although laminate’s share of the overall floor coverings market looks modest on its face — according to the Catalina Report, it dropped to 3.2 percent of overall dollar share and 3.5 percent overall square footage sales, down from 3.4 percent and 3.8 percent, respectively, in 2020. The category has performed better than it has in years in 2021, due to gains in the overall market. Read More

The flooring industry posted great gains in 2021 and the tile category received a sizeable chunk of the growing pie. According to Catalina Research, dollar sales of tile could have increased by 19.4 percent while square foot sales increased by 11.5 percent. (Stone also saw increases — according to Catalina, sales could have increased by 13 percent in dollars and 8.4 percent in square feet in 2021.) Overall, tile accounted for 12.4 percent of all floor covering sales, Catalina reported, and suppliers were quick to point to where and how the category thrived. Read More

In its biggest gain in many years, carpet and area rug sales could have increased by 17.7 percent in dollars and 12.1 percent in square feet in 2021, pushing sales up to $13 billion and volume to 12.8 billion square feet, according to Catalina Research. Read More

In 2021, according to Catalina Research, resilient flooring sales could have increased by 30.3 percent in dollars and 19.3 percent in square feet; as a result, resilient flooring could have accounted for 27 percent of total floor coverings dollar sales in 2021 and 31.1 percent of total square foot sales. Read More

Keeping pace with the overall floor coverings market, the hardwood sector saw increases in dollar and square footage sales in 2021. A number of factors contributed to its growth, including its high reliance on a robust builder market, contributing to a 26.2 percent sales increase in dollars and a 12.5 percent gain in square feet. Read More

Certainly, part of the great sales increase of residential replacement flooring was the increase in existing home sales and an increase in the value of home values. Existing home sales increased by 8.5 percent to 6.12 million unit sales. That sales increase was quite great. On top of that, the median price of the 6.12 million house and condo sales increased by 17.2 percent to $347,100. That too is quite great. Read More

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

The dimension stone market is poised to grow by $1.03 bn during 2022-2026, decelerating at a CAGR of 3.6% during the forecast period. Read More