Global Wood & Laminate Flooring Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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This report was compiled by Kalyani Khudsange Kalyani Khudsange is a Research Analyst at Prudour Pvt. Ltd. with 2.5 years of experience in market research and a strong technical background in Chemical Engineering and manufacturing. Correspondence Sr. Research Analyst Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
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Global Wood & Laminate Flooring Market Report Overview:
“The global Wood and laminate flooring market size are expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Wood and laminate flooring is one of the flooring methods used to cover the surface of the buildings. Laminate flooring is a multi-layer synthetic flooring product merged with the lamination process. It looks like wood or stone with a photographic applique layer below the clear protective layer. The internal layer is made up of fiberboard materials and melamine resin.
Global Wood & Laminate Flooring Market: Dynamics
Growing commercial and residential construction activities is one of the major factors expected to drive the growth of the global market. Moreover, growing renovation activities among households and commercial spaces are projected to augment the target market growth.
Availability of laminate floorings in digitally printed format, various color options and sizes, and customization is anticipated to propel the growth of the target market over the forecast period. In addition, increasing industrialization and rapid urbanization among developed and developing countries are other factors projected to augment the growth of the target market.
Also, increasing disposable income and inclination towards modernizing the households are some of the key factors anticipated to support revenue growth of the global market.
However, stringent rules of the government authorities associated with deforestation and volatile raw material prices may hamper the growth of the target market. In addition, the availability of alternative flooring solutions may limit the growth of the target market to a certain extent.
Global Wood & Laminate Flooring Market: Segmental Analysis
Among the type segment, the laminate segment is expected to account for significant revenue shares in the global market. This is attributed to various benefits of laminate flooring, such as durability, lower cost, ease of cleaning and maintenance, and installation.
The growth of the residential segment among the application segments is attributable to growing renovation activities among households to add an aesthetic look to the interior of the house.
Global Wood & Laminate Flooring Market: Regional Analysis
Asia Pacific wood & laminate flooring market is expected to register significant growth. In addition, improved standard of living, inclination towards changing interior appearance, and increasing disposable income are some factors supporting the revenue growth of the target market in this region.
The north American wood & laminate flooring market is projected to contribute significant revenue shares in the target market, owing to growing renovation and remodeling activities and technological developments.
In addition, increasing inclination toward a luxurious lifestyle, modernizing the households, and high spending capabilities of the population are some additional factors expected to propel the growth of the target market in this region.
Moreover, technological advancements such as new innovative products and do-it-yourself (DIY) installation techniques are expected to widen the scope across commercial and residential flooring applications.
Global Wood & Laminate Flooring Market Segmentation:
Segmentation by Type:
- Wood Flooring
- Red oak
- White oak
- Maple
- Laminate Flooring
Segmentation by Application:
- Commercial
- Residential
- Industrial
Segmentation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn - Wood Flooring
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- Armstrong World Industries, Inc.
- AHF, LLC.
- Faus Group, Inc.
- Flooring Innovations
- Home Legend, LLC
- Mannington Mills Inc.
- Millstead
- Mohawk
- Pergo
- Shaw Industries Group, Inc.
- Wickes
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