Global Wood Flooring Market, By Types (Solid Wood Flooring, Hardwood Flooring, Softwood Flooring, En

Published Date: | Report Code : MT1958318

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Growing demand from end-use industry applications in developing regions and promotion of application specific grades by companies is expected to drive the Wood Flooring Market during the forecast period. This market has witnessed number of key developments in terms of application specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of Wood Flooring Market during the forecast period.  

Wood flooring offers multiple benefits such as class and high-end aesthetics over alternative sorts of flooring, such factors are anticipated to propel the demand for wood flooring globally. Moreover, the increase in awareness of out of doors and indoor diversion space among young consumers is expected to fuel the demand for wood floors solutions among residential finish users. 

Rise in the number of residential renovations due to rise in disposable income of consumers, growing number of construction and non-construction activities in different countries, specifically developing countries are a few factors helping fuel the growth of the  wood flooring industry. Also increasing awareness regarding  eco-friendly materials, like wood being used for the purpose of flooring is presumed to boost the growth of the market. 
The segment of engineered wood is perceived to dominate the market, due to multiple benefits provided by them, like,  engineered wood is less in cost as compared to solid hardwood flooring, its compatibility with underfloor heating, availability of variety in terms of wood species, styles, colors, finishes and plank widths, etc,. 

Key Factors Impacting Market Growth:
    • Increasing demand from the construction industry
    • Rising demand for natural looking floors
    • Low cost of maintenance and highly durable

Regional Outlook 

The regional outlook section for wood flooring market provides the region-wise market projections along with related market dynamics. In addition, this section provides further information about segments in the market on regional basis and country-wise outlook. Major regions considered in this report include North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and Rest of the World. North America and Western Europe have been traditional markets with sizeable demand for advanced materials from end-use industries. North America and Western Europe with an established industrial sector having substantial contribution towards respective economies are estimated to dominate overall demand by region. Some of the major industries in this region includes automotive, heavy engineering, building & construction,  aerospace & defense, mining, and so on. This industries are expected to register steady growth in North America and Western Europe region during the forecast period.  
Asia Pacific region is estimated to register highest CAGR with strong industrial and infrastructural growth. Some of the major economies, in the region include China, India, South Korea, Japan, Australia, and so on. In addition, favourable conditions for production activities in addition to the growing market demand has attracted global companies to make strategic investments in this region. Middle East and Eastern Europe with countries including UAE, Russia, Saudi Arabia, Turkey, and Qatar are expected to be potential markets with growth of industrial sector in the region. Rest of the World consisting of South America and Africa are estimated to be emerging regions for wood flooring market during the forecast period. 

Companies Covered:  Mohawk Industries, Inc, Shaw Industries Group, Inc, Boral Limited, and Tarkett Group. Other players include The Dixie Group, Toli Corporation, FORBO, Congoleum Corporation, and Interface, Inc.

Market Segmentation:

By Types:
    • Solid Wood Flooring
    • Hardwood Flooring
    • Softwood Flooring
    • Engineered Wood Flooring

By End User:
    • Residential 
    • Non-residential

By Region:

    • North America
        ◦ By Country (US, Canada, Mexico)
        ◦ By Types
        ◦ By End-user

    • Western Europe:
        ◦ By Country (Germany, UK, France, Spain, Rest of Western Europe)
        ◦ By Types
        ◦ By End-user

    • Eastern Europe:
        ◦ By Country (Russia, Turkey, Rest of Eastern Europe)
        ◦ By Types
        ◦ By End-user

    • Asia Pacific
        ◦ By Country (China, Japan, India, Rest of Asia Pacific)
        ◦ By Types
        ◦ By End-user

    • Middle East:
        ◦ By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
        ◦ By Types
        ◦ By End-user

    • Rest of the World
        ◦ By Region (Latin America, Brazil, Rest of the World)
        ◦ By Types
        ◦ By End-user

Reasons To Buy This Report:

    • Market size estimation of the wood flooring market on regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
For more information, contact: [email protected]

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