Wood Flooring Market Scope
Wood Flooring refers to any product manufactured from wood which is designed for flooring, either structural or aesthetic. Wood is used as flooring material which comes in various colors, styles, cuts and species. These are easy to install and clean. It does not accumulate dust and dirt as compared to other flooring and can be refinished when required.
According to AMA, the Global Wood Flooring market is expected to see growth rate of 52.5% Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Wood Flooring market throughout the predicted period.
Armstrong (United States), Formicas (United States), Shaw Industries Group Inc. (United States), Mannington Mills (United States), Interface, Inc. (United States), Boa-Franc, Inc. (Canada), Balterio Laminate Flooring (Belgium), Beaulieu International Group (Belgium), BerryAlloc (Belgium), A&W (Shanghai) Woods Co., Ltd. (China) and Boral Limited (Australia) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Barlinek SA (Poland), Classen (Germany), Egger (Austria) and Pergo (India).
Segmentation Overview
The study have segmented the market of Global Wood Flooring market by Type (Engineered Wood and Solid Wood), by Application (Residential, Commercial and Industrial) and Region with country level break-up.
On the basis of geography, the market of Wood Flooring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Innovative Product Verities in Hard Flooring
Market Growth Drivers:
Rising Infrastructural Development and Residential Projects and Rise in Disposable Income
Challenges:
Problems Such as Buckling, Squeaking and Excessive Wear Associated with Wood Flooring
Restraints:
Stringent Environment Protection Laws and Highly Expensive
Opportunities:
Latest Technological Developments and Several Innovations on Cards and Expansion of the Home Improvement Sector and Smart City Projects Push by Government Bodies
Market Leaders and their Expansionary Development Strategies
In October 2018, Armstrong Flooring has entered an agreement to sell its wood flooring segment to an affiliate of American Industrial Partners (AIP) and In May 2018, Woodbridge International, a global mergers and acquisitions firm, announced the acquisition of its client Ace Flooring, Inc., dba Naturally Aged Flooring, to Q.E.P. Co., Inc.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.