Construction sectors especially in the developed countries are expected to significantly drive the demand for flooring and carpets in the forthcoming years. The global market for flooring and carpets will witness a surge in demand due to rising consumer expenditure on the interiors of offices, hotels and houses. Apart from this, automotive manufacturers are increasing the usage of floorings and carpets in automobiles for improving the appearance of the vehicle, thereby gaining growing customer attention.
Development of innovative and advanced light weight flooring and carpets are expected to create lucrative opportunities for growth of the global market in the forthcoming years. However, fluctuating prices of raw materials namely ceramic, rubbers and polymers are likely to hinder the growth of the global market for flooring and carpets.
Companies namely Mohawk Industries, Beaulieu Group, Suminoe Textile, Interface Incorporated, Dixie Group, Armstrong World Industries and RPM International amongst others will witness a notable growth globally. Apart from this, companies such as Shaw Industries and Engineered Floors are also contributing significantly towards growth of the global market for floorings and carpets.
Mohawk Industries, Shaw Industries & Engineered Floors Announce Hiking Prices on Carpet Products
Mohawk, Shaw and EF recently announced regarding increasing prices of the carpet products as well as citing surging prices in the related raw materials. Key players and manufacturers must note that the companies had planned to increase the prices of orders that and placed by or before 9th of April, 2018 and are shipped after 23rd of April, 2018. If details are to be focused on:
Engineered Floors is likely to increase the prices from 5%-7% on its Pentz carpet, Beaulieu of America, Engineered Floors, Dwellings and Dream Weaver brands. Mohawk Industries is likely to increase the prices from 6%-7% on its entire commercial and residential broadloom as well as modular products. The company is also expected to increase the freight rates, per square yard of its entire modular and broadloom carpet manufactured until and after 9th of April, 2018. Shaw Industries is likely to increase its commercial and residential carpet costs from 6%-7%. Even this company is expected to increase the freight rates, per square yard, inclusive of shipment as well.
Likewise, key players and manufacturers in the global market for flooring and carpets are expected to develop products in a cost-effective way, thereby helping in the expansion of their business.
Mohawk Industries Expands Its Manufacturing Facility in the Rockbridge County
Mohawk Industries has been planning for the expansion of its Glasgow manufacturing facility in the Rockbridge County. This expansion will be done with the new and innovative extrusion compounding line. Also, the expansion of Mohawk Industries’ manufacturing facility in Rockbridge County is beneficial for the economic vitality of Commonwealth. This in turn leads to increasing demand for the commercial carpet tile of Mohawk Industries, which is expected to gain traction amongst the hospitality, retail, office and educational customers. Key players and manufacturers must note that Mohawk Industries has been a very significant part of the region’s economy.
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