Laminate Flooring Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and 2019 to 2026 Forecast
The Global Laminate Flooring Market is expected at USD 35,941.14 million in 2019 and is projected to grow at a CAGR of 6.58% between 2019 and 2026. According to the U.S. Census Bureau, construction spending in US has substantially increased in the range of 4% -6% in 2018 determined by a continuous increase in residential and non-residential construction activities. The US construction spending increased to 5.8% in June 2018 driven by a 7.5% increase in residential construction, although non-residential construction increased by a meagre 4.5% during the same period. Booming construction industry is anticipated to drive the demand of laminate flooring during the forecast period.
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The Intergovernmental Panel on Climate Change (IPCC) reports that buildings account for almost 40% of global energy related CO2. Leadership in Energy and Environmental Design (LEED), a green building certification program developed by the U.S. Green Building Council (USGBC) helps to meet global carbon reduction goals. Green buildings offer some excellent benefits such as water saving, energy saving, lower greenhouse gas emissions, and improved indoor air quality. Flooring exists as an essential part when it comes to sustainability and energy emission of the building. Hence, the increasing green building trend is estimated to propel the laminate flooring market during the study period.
On the contrary, shortage of skilled work force will be challenging factor for market growth. USG Corporation and U.S. Chamber of Commerce Commercial Construction Index (Index) findings show that more than 90% of construction contractors troubled over labor shortage, with 47% of respondents expecting problems finding a skilled workforce. The impact of not filling job openings and not having the right skill set in the workforce can negatively impact engineering and construction companies in various ways, including not being able to respond to market needs, losing project bids, and failing to innovate.
No of Pages: 121
These enterprises are focusing on growth strategies, such as new product launches, expansions, acquisitions, and agreements & partnerships to expand their operations across the globe.
Key Benefits of the Report:
* Global, and regional, & end user market size and their forecast from 2019-2026
* Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing the growth of the market
* Detailed analysis on industry outlook with market specific PEST analysis, and supply chain to better understand the market and build expansion strategies
* Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
* Analysis on key player’s strategic initiatives and competitive developments, such as agreements & joint ventures, mergers & acquisitions, expansion, and new product launches in the market
* Expert interviews and their insights on market trends, market shift, current and future outlook, and factors impacting vendors’ short term & long term strategies
* Detailed insights on emerging regions, and end user with qualitative and quantitative information and facts
Target Audience:
* Laminate Flooring Equipment & Technology Providers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Government and Research Organizations
* Associations and Industry Bodies
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