Wood And Laminate Flooring Market To Surpass $92.64 Billion By 2020 | Key Industry Players Pergo, Bruce, Millstead
San
Francisco, 21 September 2018 - The global wood and laminate flooring market is expected to
reach USD 92.64 billion by 2020, according to a new study by Grand View
Research, Inc. Technological advancements have led to the development of new
innovative products and do-it-yourself (DIY) installation techniques, which has
substantially widened the scope across residential as well as commercial
flooring applications. Increasing demand in the new construction and home
improvement sectors is expected to be the key driving force for the wood &
laminate flooring market over the forecast period.
Raw material costs have had a significant impact on
the wood & laminate flooring industry. The volatile prices of wood and
other raw materials and the increasing costs of production are expected to
challenge wood & laminate flooring industry growth over the forecast
period. Stringent laws and regulations against deforestation by governments
across the globe and the consequent need of imports of raw materials have
shrunk manufacturers’ profits to a large extent. Increasing concern over
environmental impact has considerably affected the wood & laminate flooring
market.
Full
Research Report On Global Wood And Laminate Flooring Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/wood-and-laminate-flooring-market
www.grandviewresearch.com/industry-analysis/wood-and-laminate-flooring-market
Further
key findings from the report suggest:
- Engineered wooden floors have gained prominence
over the last few years owing to favorable characteristics such as
cost-effectiveness, exclusiveness, and dimensional stability. Solid wood
constitutes a significant market share owing to its moderate price, albeit
installation and finishing considerably increase the total time and cost
requirements. Although a vast majority of the market is comprised of
hardwood species, softwood flooring is used in niche applications.
- Wood & laminate flooring is primarily
preferred in residential applications with residential replacement
generating significant demand. Residential new construction and commercial
sectors such as retail have increasingly adopted wood & laminate
flooring solutions. Owing to their ability to sustain high traffic, laminate
flooring has witnessed a surge in demand from commercial sectors.
- Increased demand from the BRIC countries
(Brazil, Russia, India, and China) is expected to open up new avenues for
wood & laminate flooring market growth over the forecast period.
Changing lifestyles coupled with increasing construction activity in Asia
Pacific are expected to propel market growth in the region. Wood flooring
demand in regions experiencing perennially cold climatic regions such as
the U.S. and majority of the European countries is expected to be
augmented as wood helps to maintain warmth.
- Key wood & laminate flooring market players
include Shaw Industries, Pergo, Mohawk Industries, Millstead, Mannington
Mills, Interface, Bruce, and Armstrong. Emerging market players have
innovated to make their presence felt in the industry. Some of the recent
trends include Smith & Fong Corporation’s side-ways flooring and
Columbia Forest Products’ & Teragren’s PureBond technology flooring.
Browse
More Reports Of This Category By Grand View Research:
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the global wood & laminate flooring
market on the basis of product, application, and region:
Wood &
Laminate Flooring Product Outlook (Volume, Billion Square Feet & Revenue,
USD Billion; 2012 - 2020)
- Wood
Flooring
- Red
oak
- White
oak
- Maple
- Others
- Laminate
Flooring
Wood &
Laminate Flooring Application Outlook (Volume, Billion Square Feet &
Revenue, USD Billion; 2012 - 2020)
- Residential
- Commercial
- Industrial
Wood &
Laminate Flooring Regional Outlook (Volume, Billion Square Feet & Revenue,
USD Billion; 2012 - 2020)
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East & Africa
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/global-wood-and-laminate-flooring-market
www.grandviewresearch.com/press-release/global-wood-and-laminate-flooring-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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