Floor Coverings Industry Outlook 2024

FLOOR COVERINGS INDUSTRY OUTLOOK 2024

Release Date: January 2024

Catalina offers an Outlook Issue each January to provide insights into the factors that will drive sales for the year. Dollar and square foot sales estimates are provided for each industry sector and product line. The Outlook Issue will also include estimates of sourcing from domestic- and foreign-based manufacturers, as well as sales estimates by end-use market by product. In addition, a separate section features estimates of new home construction, existing home sales, and non-residential building construction spending, and how these factors, as well as interest rates will affect flooring demand over the year.

Catalina investigates market trends for wall-to-wall carpet, carpet tile, area rugs, solid and engineered wood flooring, ceramic and stone tile, LVT by product, other vinyl tile, vinyl sheet, other resilient flooring, and laminate flooring. Each page will assist the floor covering executive benefit from changing consumer preferences, improve plant efficiency, penetrate end-use markets, exploit world market growth, and plan for 2024 and beyond. Add a corporate electronic use license so your entire team can make use of this in-depth database.

Catalina Reports contain timely data that allows users to evaluate market size, growth potential, profitability, market share, and the competitive environment. So, turn to a Catalina Report when developing strategies to take advantage of a changing industry product mix; trends in the builder, residential replacement, and non-residential markets; export sales opportunities; and strategies to increase market share and profitability.

The table of contents shows the significant data and information included in this report. Each section is summarized to clearly point to the pertinent industry trends. Look it over, fill out the order coupon and receive your Catalina Report promptly. You will find it a valuable planning tool.

SUBJECT MATTER

U.S. FLOOR COVERINGS INDUSTRY AND PRODUCT TRENDS (1997- 2024 estimate and 2029 forecast)

• Market sales in dollars and square feet, market product mix, and average prices by product sector:
  • Wall-to-wall carpet
  • Carpet tile
  • Area rugs
  • Wood flooring: solid and engineered
  • Ceramic tile
  • Stone flooring
  • LVT and by type: SPC, WPC, and flexible
  • Other vinyl tile
  • Vinyl sheet
  • Other resilient flooring
  • Laminate flooring
  • Auto and aircraft carpeting
  • Tufted artificial grass

U.S. INDUSTRY SHIPMENTS BY PRODUCT AND PRICE TRENDS (1997-2024)

• Carpet and area rugs: woven versus tufted
• Carpet mill production index
• Vinyl tile
• Wood flooring: solid and engineered
• Vinyl sheet
• Ceramic tile
• Laminate flooring
• Other resilient flooring

U.S. IMPORT BY PRODUCT AND PRICE TRENDS (1997-2024)

• Import shipments by flooring material
• Imports’ share of U.S. sales
• Import price trends
• Sourcing by country of origin
• Import tariff charges

END-USE MARKET PURCHASES (1997-2024)

• Floor coverings purchases by market:
  • Home builders
  • Manufactured home producers
  • Residential replacement
  • New nonresidential
  • Commercial contract
  • Transportation equipment manufacturers
• Share of flooring purchases by material by end-use market
• Residential and nonresidential building construction spending

FACTORS DRIVING U.S. CERAMIC AND STONE TILE DEMAND (1997-2024)

• Housing starts, permits, and factory-built homes
• Size and price of new homes
• Square feet of new homes built
• Existing home sales trends
• Number of new and replacement kitchens and bathrooms
• Interest rates and personal income
• Residential remodeling spending and building material retailer sales
• Nonresidential construction spending by building type