Global Wood Flooring Market: Industry Analysis and Forecast (2018-2026)
Global Wood Flooring Market was valued at US$ 90.77 Bn in 2017 and is expected to reach US$ 157.1 Bn by 2026, at a CAGR of 6.28% during a forecast period.
Based on product type, engineering wood segment is expected to hold the largest share in the market during the forecast period due to the manufacturing of engineered wood products that require less energy. In addition, it results in few greenhouse gases and other air pollution emissions are also propel the market growth. On the basis of application, the residential segment is expected to hold the largest share in the market during the forecast period owing to increasing construction activities in the residential sector.
Major driving factors of the market are changing living standards of the consumers, increasing investment in hotel construction, and growing construction activities and renovation of existing buildings in the commercial and residential sector among globe. The growing demand for interiors such as light fixtures & furnishings is expected to boost the wood flooring market in the forecast period. In addition, increasing spend on luxury products and increasing the construction of luxury hotels, parks, and resorts across globally are also expected to propel the market growth. However, raised emphasis on the use of green and eco-friendly material, such as wood, and fluctuation in foreign currencies affect profit margins, which are expected to act as restraints to the global wood floor market.
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In terms of region, Asia Pacific is expected to hold the largest share in the market during the forecast period owing to rising demand for wood flooring as improving living standards of consumers and increasing middle-class population in developing countries of this region such as in India and China. Growing affordability of middle-class population in India is boosting the market growth in this country. Europe is expected to generate the highest CAGR during the forecast period.
The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, PESTLE analysis, Value Chain Analysis, and SWOT analysis.
Key player’s studies, analyzed, profiled and benchmarked in wood flooring market are A&W (Shanghai) Woods Co., Ltd., Armstrong Flooring, Inc., Barlinek SA, Beaulieu International Group, Boa-Franc, Inc., Boral Limited, Bruce Flooring, Balterio Laminate Flooring, Beaulieu International Group, BerryAlloc, Classen, Egger, Formica, Mannington, Mohawk, Pergo, and Shaw Industries.
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The Scope of the Report for Wood Flooring Market
Global Wood Flooring Market, by Product Type
• Engineered Wood
• Solid Wood
Global Wood Flooring Market, by Application
• Residential
• Commercial
Global Wood Flooring Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in Wood Flooring Market
• A&W (Shanghai) Woods Co., Ltd.
• Armstrong Flooring, Inc.
• Barlinek SA
• Beaulieu International Group
• Boa-Franc, Inc.
• Boral Limited
• Bruce Flooring
• Balterio Laminate Flooring
• Beaulieu International Group
• BerryAlloc
• Classen
• Egger
• Formica
• Mannington
• Mohawk
• Pergo
• Shaw Industries
MAJOR TOC OF THE REPORT
Chapter One: Wood Flooring Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Wood Flooring Market Competition, by Players
Chapter Four: Global Wood Flooring Market Size by Regions
Chapter Five: North America Wood Flooring Revenue by Countries
Chapter Six: Europe Wood Flooring Revenue by Countries
Chapter Seven: Asia-Pacific Wood Flooring Revenue by Countries
Chapter Eight: South America Wood Flooring Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Wood Flooring by Countries
Chapter Ten: Global Wood Flooring Market Segment by Type
Chapter Eleven: Global Wood Flooring Market Segment by Application
Chapter Twelve: Global Wood Flooring Market Size Forecast (2019-2026)
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