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.
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summary of this report @ 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.
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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
o
Red oak
o
White oak
o
Maple
o
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
For press release of this report - 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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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