Sreelance

The year began with great potential for the flooring industry but faced a significant decline when the COVID-19 pandemic struck, leading to global lockdowns. However, resilient flooring, especially in rigid core formats, experienced a resurgence with double-digit growth in the latter half of the year, driven by an increase in remodeling projects due to stay-at-home mandates. As reported by Catalina Research, resilient flooring sales in 2020 may have risen by 13.8 percent in terms of revenue. Sales of luxury vinyl tile (LVT) could have surged by 23.3 percent, primarily fueled by a 39.3 percent increase in rigid core flooring sales, according to Catalina. These increases were even more pronounced than the growth seen in 2019, which was not affected by the pandemic. Consequently, resilient flooring might have represented 25.2 percent of total dollar sales in floor coverings for 2020 and 30.1 percent of total square footage sold. This marks an increase from 17.0 percent and 21.1 percent, r...