Industry Background:
Wood flooring offers warmth and enhances the look of rooms along with increasing the value of a home. It comes in a diversity of styles and materials from solid hardwood to engineered hardwood to bamboo. Furthermore, laminate flooring is extremely popular because it is so affordable and it gives the same great look of hardwoods without the expensive costs. Some benefits of wood and laminate flooring include ease of cleaning, durability, and style variation. These floorings are much easier to keep clean than carpet and pet hair or dander is quick to remove.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Armstrong World Industries (United States), Bruce (United States), Greenlam Industries (India), Flooring Innovations (United States), Accord Floors (India), Home Legend (United States), Boral Limited (Australia), CLASSEN Group (Germany), Mohawk Flooring (United States) and Westwood Flooring (United States) |
This growth is primarily driven by Increasing Residential & Non-Residential Construction and Benefits of Wood and Laminate Flooring.
Globally, a noticeable market trend is evident Rising Spending on Home Remodeling Major Vendors, such as Armstrong World Industries (United States), Bruce (United States), Greenlam Industries (India), Flooring Innovations (United States), Accord Floors (India), Home Legend (United States), Boral Limited (Australia), CLASSEN Group (Germany), Mohawk Flooring (United States) and Westwood Flooring (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On Aug 26, 2019 - Boral Limited has today announced that it has entered into an agreement with Gebr Knauf KG to form an expanded 50:50 plasterboard joint venture (JV) in Asia and for Boral to return to 100% ownership of USG Boral Australia & New Zealand (NZ).
Influencing Trend:
Rising Spending on Home Remodeling
Market Growth Drivers:
Increasing Residential & Non-Residential Construction and Benefits of Wood and Laminate Flooring
Challenges:
Rising Threat from Substitute Products
Restraints:
Unstable Prices of Raw Materials
Opportunities:
Rise in Disposable Income in Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Wood and Laminate Flooring Market
- Analysis about New Entrants in Wood and Laminate Flooring Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Wood and Laminate Flooring Study Sheds Light on
The Wood and Laminate Flooring Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Wood and Laminate Flooring industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Wood and Laminate Flooring industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.