Ceramic Tile Statistics Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Reports Stone Statistics

2021 marketWise Report

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

Ceramic Tile Statistics Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Reports Stone Statistics

US Floor Coverings Hits High

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

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Global Dimension Stone Market 2022-2026

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

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Mohawk's Q2 Sales Up 7%, Earning Down 17%

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

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Flooring Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product Type, Material, and Application

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

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Terrazzo Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global terrazzo flooring market reached a value of US$ 24.13 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 29.7 Billion by 2027, exhibiting a CAGR of 3.52% during 2021-2027. Read More

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NKBA market update forecasts double digit increase

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

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DIY in Demand: New products made for easy install

“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

Ceramic Tile Statistics Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Reports Stone Statistics

Global Flooring Market Outlook, 2027

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

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Appealing to Millennials & Gen Z

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