Flooring News from Yahoo!
1/10/07
From Yahoo! Finance - "NEW YORK, Jan. 9 -- Positive U.S. economic trends coupled with easy-to-install options have spurred growth in the laminate and vinyl flooring industry, with the market increasing nearly 8% from 2001- 2005 and the supply value topping $3 billion in 2005. As the remodeling boom continues, the market should see healthy gains, exceeding $4 billion by 2010, according to Laminate and Vinyl Flooring in the U.S., a new report from market research publisher SBI."
"SBI's findings show double-digit growth from 2001 to 2005 in the laminate sector, which has found favor with homeowners seeking a wood-flooring look at a budget price. The advent of glue-less, interlocking floors will help laminates grow from $1.2 billion in 2005 to more than $1.9 billion in 2010. Although vinyl flooring still dominates with almost a two-thirds share of the combined market, SBI expects the vinyl sector to grow more slowly than laminate flooring to reach $2.4 billion by 2010."
"'Consumer tastes are changing with a preference towards exotic-looking, hand-scraped, and rustic species laminates.'"
"SBI's findings show double-digit growth from 2001 to 2005 in the laminate sector, which has found favor with homeowners seeking a wood-flooring look at a budget price. The advent of glue-less, interlocking floors will help laminates grow from $1.2 billion in 2005 to more than $1.9 billion in 2010. Although vinyl flooring still dominates with almost a two-thirds share of the combined market, SBI expects the vinyl sector to grow more slowly than laminate flooring to reach $2.4 billion by 2010."
"'Consumer tastes are changing with a preference towards exotic-looking, hand-scraped, and rustic species laminates.'"
Labels: Flooring News, Flooring Options, Laminate Flooring
