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Article: AREA RUGS TO CONTINUE GROWTH.
- Article from:
- HFN The Weekly Newspaper for the Home Furnishing Network
- Article date:
- February 22, 1999
CopyrightCOPYRIGHT 1999 MacFadden Communications Group LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BETTER PRODUCTS, HARD SURFACE, MORE CHANNELS -- ALL CONTRIBUTE TO DEMAND
CLEVELAND -- Area rugs are expected to continue to outpace broadloom through 2002, according to The Freedonia Group, an industrial market research firm based here.
A study, Carpets & Rugs, was published by Freedonia last month, which details its predictions for the next four years.
U.S. carpet and rug manufacturers' shipments are expected rise 3.5 percent annually through 2002 to 2 billion square yards, valued at $12.4 billion. Freedonia attributes its expectations to healthy outlooks for both residential and nonresidential repair and renovation spending.
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