Global Wood & Laminate Flooring Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028

“Global Wood & Laminate Flooring Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global wood & laminate flooring market report has been segmented on the basis type, application, and region.

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Global Wood & Laminate Flooring Market: Overview

Wood and laminate flooring is one of the flooring method used to cover the surface of the buildings. Laminate flooring is a multi-layer artificial flooring product which is 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 factor expected to drive growth of the global market. Moreover, growing renovation activities among households and commercial spaces is another factor projected to augment the target market growth. Availability of laminate floorings in digitally printed format, various color options and sizes, along with customization is a factor anticipated to propel growth of the target market over the forecast period. In addition, increasing industrialization and rapid urbanization among developed and developing countries are some other factors projected to augment growth of the target market. Also, increasing disposable income, 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 growth of the target market. In addition, the availability of alternative flooring solutions may limit 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 in cost, easy to clean and maintain, and easy to install.

Growth of the residential segment among the application segments is attributable to growing renovation activities among households in order 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 in interior appearance, coupled with increasing disposable income are some factors supporting the revenue growth of the target market in this region. North America 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 towards a luxurious lifestyle, and modernizing the households, and high spending capabilities of the population are some additional factors expected to propel 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

• 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