Global Wood Flooring Market, By Product Type (Solid Wood, Laminated Wood, Engineered Wood), Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online, Others), End User (Residential, Commercial, Industrial), 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
Wood flooring market size is expected to grow at a compound annual growth rate of 4.72% for the forecast period of 2021 to 2028. Data Bridge Market Research report on wood flooring market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Wood flooring is any product which is manufactured from timber and is designed for the use as flooring, either structural or aesthetic. Wood is a common choice as a flooring material and can come in a variety of colors, styles, cuts and species.
The wood flooring market is expected to rise in demand due to the rapid rise in home renovation owing to increased disposable income. The high growth construction and non-construction activities, particularly in developing countries are also projected to flourish the growth of the wood flooring in the forecast period of 2021 to 2028. The rapid advancements in raw materials coupled with printing technology as well as rapid shift in the inclination towards modernizing the households are also anticipated to boost the demand of the wood flooring market owing to the above mentioned reasons and is also is projected to grow substantially during the forecast period. Furthermore, the favorable government initiatives and rising trend of repair and maintenance and new construction are also expected to push the growth of wood flooring market in the above mentioned forecast period.
The major factor which is expected to actively drive the demand of wood flooring market is the high disposable income and widespread awareness regarding the benefits of engineered wood among the population. Likewise, the rapid increase in the research and development by major manufacturers in terms of innovative designs and efficient services and rise in per capita consumption of flooring products in several emerging countries will further offer various growth opportunities for the growth of wood flooring market over the forecast period of 2021 to 2028.
However, the fluctuating cost of raw materials and the high costs involved in the production of wood flooring are expected to impede the growth of the wood flooring market in the above mentioned forecast period, whereas the presence of similar substitutes such as carpets and rugs, ceramic tiles, laminates and cork flooring can challenge the growth of the wood flooring market.
This wood 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 localized 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 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.
Global Wood Flooring Market Scope and Market Size
Wood flooring market is segmented on the basis of product type, distribution channel and end user. 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.
- On the basis of product type, the wood flooring market is segmented into solid wood, laminated wood and engineered wood. Solid wood has further been segmented into red oak, white oak, maple and others.
- Based on distribution channel, the wood flooring market is segmented into home centers, flagship stores, specialty stores, online and others.
- The end user segment for wood flooring market is segmented into residential, commercial and industrial.
Wood Flooring Market Country Level Analysis
Wood flooring market is analyzed and market size, volume information is provided by country, product type, distribution channel and end user as referenced above.
The countries covered in the 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 leads the wood flooring market because of the high investments in infrastructural construction projects in the public and private sectors in emerging economies, such as India and China. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the strong presence of major market players, particularly in the U.S.
The country section of the report also shows the individual market impacting factors and changes in regulation in the market domestically that affects 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 indicators used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands as well as the impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Wood Flooring Market Share Analysis
Wood 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 flooring market.
The major players covered in the wood flooring market report are AFI Licensing LLC, BARLINEK S.A., Boral, Brumark, Kahrs Group, Tarkett, Nature Home Holding Company Limited, Mohawk Industries, Beaulieu International Group, Mannington Mills, Inc., Somerset Hardwood Flooring, Shaw Industries Group, Inc., Gerflor, LL Flooring, CLASSEN, Swiss Krono AG, Der International Flooring Co., Ltd, DAIKEN CORPORATION, Connor Sports and Nature-Flooring, 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.