Global Wood and Laminate Flooring Market, By Product (Wood Flooring, Laminate Flooring), Application (Residential, Commercial, Industrial), Type (Deck Flooring, Solid Wood Flooring, Engineered Flooring), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Wood and Laminate Flooring Market
Wood and laminate flooring market will reach at an estimated value of USD 102.54 billion and grow at a rate of 5.40% for the forecast period of 2021 to 2028. Growing commercial and residential construction activities is a vital factor driving the growth of butyl rubber market.
Wood and laminate flooring is a type of flooring method which is used to cover the surface of the buildings. Laminate flooring is a multi-layer artificial flooring product that is merged with the lamination process. It appears like wood or stone with a photographic applique layer below the clear protective layer and the internal layer is made up of melamine resin and fibreboard materials.
Rising renovation activities among households and commercial spaces is the vital factor escalating the market growth, also rising availability of laminate floorings in digitally printed format, numerous color options and sizes, along with customization, rising disposable income, increased inclination towards modernizing the households, rising prevalence of cost effective and low maintenance product, rising preferences of wood based floorings, rising industrialization and increased urbanization among developed and developing countries, changing lifestyle and rising technological developments are the major factors among others driving the wood and laminate flooring market. Moreover, continuous research and development activities and increasing modernization will further create new opportunities for the wood and laminate flooring market in the forecast period of 2020- 2027.
However, high and volatile cost or raw material is the vital factor among others acting as a restraint, and will further challenge the growth of wood and laminate flooring market in the forecast period mentioned above.
This wood and laminate flooring market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on wood and laminate flooring market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Wood and Laminate Flooring Market Scope and Market Size
Wood and laminate flooring market is segmented on the basis of product, application and type. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on product, the wood and laminate flooring market is segmented into wood flooring and laminate flooring. Wood flooring has been further segmented into red oak, white oak and maple.
- On the basis of application, the wood and laminate flooring market is segmented into residential, commercial and industrial.
- The wood and laminate flooring market is also segmented on the basis of type into deck flooring, solid wood flooring and engineered flooring.
Wood and Laminate Flooring Market Country Level Analysis
Wood and laminate flooring market is analysed and market size, volume information is provided by country, product, application and type as referenced above.
The countries covered in the wood and laminate flooring market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the wood and laminate flooring market due to increasing construction of residential and commercial buildings to cater to the rising housing needs of the growing population, rising infrastructure development and rapid urbanization, rising income level and increasing spending on home improvement in this region. Europe is the expected region in terms of growth in wood and laminate flooring market due to rising availability of quality raw timber and a large number of prominent manufacturer and rising investments in commercial construction in this region. The U.S. is also anticipated to continue witnessing a significant demand for wood and laminate flooring products due to rising prevalence of cost effective and low maintenance product and rising consumer awareness regarding the advantages of the product in this region.
The country section of the wood and laminate flooring market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wood and Laminate Flooring Market Share Analysis
Wood and laminate flooring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to wood and laminate flooring market.
The major players covered in the wood and laminate flooring market report are Mohawk Industries, Shaw Industries Group, Inc., CLASSEN, Tarkett USA & Canada, Power Dekor, AFI Licensing LLC, Kastamonu Entegre, Krono Original., Formica Group, Nature-Flooring, Samling Group of Companies, Mannington Mills, Inc., EGGER Group, SWISS KRONO AG, ALSAPAN Siège social, Der International Flooring Co., Ltd, KAINDL FLOORING GMBH, MeisterWerke Schulte GmbH, Hamberger Industriewerke GmbH., ROBINA FLOORING SDN. BHD among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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