Abstract

According to the report, global demand for Wood and Laminate Flooring market was valued at approximately USD 2.92 billion in 2019, and is expected to generate revenue of around USD 4.6 billion by end of 2026, growing at a CAGR of around 6.6% between 2020 and 2026.

Wood and laminate flooring are used to cover the floor structure of a building. The wood and laminate flooring is easy to install, cost-effective, durable, hygienic and easy to maintain. Thus, it is a better alternative to conventional flooring. The market size and forecasts in terms of volume (million square feet) and revenue (USD million) for the period 2016 to 2021, considering 2015 as the base year, have been provided for this segment of the report. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2021.

The global wood and laminate flooring market is driven by a combination of factors, such as growing building and construction industry, increased disposable incomes, changing lifestyle and technological developments. However, volatile cost of raw materials is likely to hinder the growth of wood and laminate flooring market. Nonetheless, emerging demand from emerging economies such as Brazil, South Africa, and Russia is likely to open new avenues for wood and laminate flooring market in coming years.

In order to give the users of this report a comprehensive view on the wood and laminate flooring market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the wood and laminate flooring market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.

The global wood and laminate flooring market is segmented on the basis of applications and region. The key applications segment of global wood and laminate flooring market includes residential, non-residential and other applications. Region wise, this market is segmented into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. The report also includes further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for malt ingredients market based on individual applications in all the regions and countries.

Out of all the regional segments of the global market, Asia Pacific held the dominant share in the overall wood and laminate flooring market in 2015. Furthermore, owing to rise in disposable income coupled with increase in infrastructure development and urbanization, Asia-Pacific region has been estimated to foresee the largest growth within the forecast period. North America and Europe is also expected to have significant growth in near future.

Some of the key players for global wood and laminate flooring market include Armstrong World Industries, Bruce, Greenlam Industries, Flooring Innovations, Accord Floors, Home Legend, Eurotex, Millstead, Mohawk, Westwood, Pergo and Quick-Step.

Key segments of the global wood and laminate flooring market are as follows:

Wood and Laminate Flooring Market: Application Segment Analysis

Residential

Non-Residential

Others

Wood and Laminate Flooring Market: Regional Segment Analysis