Industry Analysis & Industry Trends
The Floor Covering Stores industry is anticipated to recover in the next five years, as the improving housing market and rising disposable income levels boost homeowners' spending on floor coverings. Additionally, the number of housing starts will grow and, thus, boost demand for floor covering. A number of negative factors will nag the industry, though; most significantly, price-conscious consumers will increasingly turn to large home improvement stores instead of specialty businesses to purchase their floor coverings... purchase to read more
Industry Report - Industry Products Chapter
Floor coverings include carpet and rugs (accounting for 58.0% of industry revenue), ceramic tile (16.5%), hardwood (15.5%), stone (5.0%) and laminate (5.0%). Each of these categories is influenced by the average selling price per square foot, demand from residential builders and homeowner remodeling markets, the total number of housing starts and home sales in the United States, average house size and the level of homeownership.
Carpets and rugs
The market for carpet is large because wall-to-wall carpeting is necessary in many houses that do not have hardwood floors. Over time, carpets must be replaced, however, as more durable fibers and stain-resistant products are introduced in the market, this need will likely decline over the coming years... purchase to read more