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.
Browse full research
report on Wood And Laminate Flooring Market: http://www.grandviewresearch.com/industry-analysis/wood-and-laminate-flooring-market
Further key findings
from the study 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: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
For the purpose of this
study, 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 By
Grand View Research: http://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: http://www.grandviewresearch.com
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