|04-20-2018 02:50 PM CET - Industry, Real Estate & Construction||
Global Wood and Laminate Flooring Market Size, Status, Growth, Revenue & Report Forecasted by 2026: Fact.MR
Press release from: Fact.MR
Fact.MR has been actively involved in offering comprehensive research data concerning various topics which are associated to industrial reference and investor utility. “Wood and Laminate Flooring Market Forecast, Trend Analysis & Competition Tracking - Global Review 2017 to 2026” Readers can access knowledge related to market volume, regional expanse as well as competitive landscape prevailing in the globalwood and laminate flooring market.In order to study development patterns, this smart assessment also focuses on market dynamics, which talks about drivers, restraints and opportunities estimated to influence the concerned market during the forecast period.
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Floorings made of wood and laminates have a key role in enhancing the physical appearance of constructed spaces such as homes, apartments, restaurants, and offices. The demand for wood and laminate floorings continues to gain traction for being offered at low price point and at negligible maintenance costs. Fact.MR’s new forecast study offers comprehensive analysis on the expansion of the global wood and laminate flooring market for the assessment period, 2017-2026. According to the study, the global wood and laminate flooring market is expected to touch a valuation of US$ 8.8 Bn by the end of 2026. Over the forecast period, the global market for wood and laminate floorings is expected to expand at a CAGR of 4.8% in terms of volume.
Demand for Wood Floorings is expected to outpace the Adoption of Laminate Floorings
The report has estimated that during the forecast period, sales of wood floorings will gain highest traction. By the end of 2026, more than 1,130 million sq. meters of wood floorings are expected to be sold across the globe. On the other hand, laminate floorings will register a steady volume CAGR of 5.6% during the forecast period. Through 2026, the residential end-use of wood and laminate floorings is estimated to account for more than one-third share on global market volumes. Commercial end-use of wood and laminate flooring is expected to gain traction, reflecting highest volume CAGR of 5.2% over the forecast period.
Europe to Represent Largest Market for Wood and Laminate Floorings through 2026
Wood and laminate floorings are widely used across construction activities, but their adoption is set to remain predominant in repair and rehabilitation. By 2026-end, over 1,300 million sq. meters of wood and laminate floorings will be sold globally for repair and rehabilitation activities. The report further reveals that Europe will be the largest adopter of wood and laminate floorings through 2026. While the Asia-Pacific excluding Japan (APEJ) region is expected to register highest production of wood and laminate floorings, their demand is slated to remain high in European countries. By the end of 2026, Europe’s wood and laminate flooring market is expected to register sales of nearly 790 million sq. meters.
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Leading manufacturers of wood and laminate floorings have been profiled in the report. Companies namely, Tarkett, Mannington Mills, Inc., Mohawk Group, Abet Inc., Berkshire Hathaway Inc., Goodfellow Inc., Forbo Holding AG, Armstrong Flooring, Kronospan Limited, Kahrs Holding AB and Bauwerk-Boen are expected to instrument the global production of wood and laminate flooring through 2026. Majority of these companies are expected to develop floorings with advanced materials made from composite wood and hybrid laminates. In addition, increasing the durability of wood and laminate floorings will remain a key concern for market players in the foreseeable future.
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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Industrial Goods Market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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