Articles

Foreign-sourced products penetrated the U.S. floor coverings market before the pandemic, throughout the pandemic and during the pandemic recovery. Imports continue to take share from domestic manufacturers (whether shipped from a plant owned by a U.S.- or foreign-based company) despite re-shoring of some production, supply chain issues and additional tariffs placed on Chinese-made flooring. Read More

The flooring market was valued at US$ 412.66 billion in 2021 and is projected to reach US$ 619.83 billion by 2028. Different flooring materials include wood, laminates, vinyl sheets and tiles, ceramic tiles, and stone. Tiles are one of the most versatile floor types that can give a more personalized look to any space. There are various flooring options in tiles, such as porcelain tiles, glass tiles, vitrified tiles, luxury vinyl tiles, ceramic tiles, marble tiles, and granite tiles. 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 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

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

This report describes the global market size of Natural and Engineered Stone from 2017 to 2021 and its CAGR from 2017 to 2021, and also forecasts its market size to the end of 2027 and its CAGR from 2022 to 2027. 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

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