Laminated Wood Flooring Market Size, Status and Industry Outlook 2021-2027
The Global Laminated Wood Flooring Market is expected to reach an approximate CAGR of 4.7% by 2027.
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The prominent players in the Global Laminated Wood Flooring Market:
Mohawk Industries, Armstrong Flooring, Boral, Tarkett Group, Nature Home Holding, Beaulieu International Group, Mannington Mills, Brumark, Shaw Industries Group, Gerflor Group, and Others.
Recent Developments: -
Mohawk Industries, Inc. Announces Purchase of Godfrey Hirst Group
CALHOUN, Georgia, Nov. 20, 2017 - Mohawk Industries, Inc. (NYSE: MHK) today announced that the company has agreed to accumulate Godfrey Hirst Group, the leading flooring company in Australia and New Zealand, further extending Mohawk's global position. Mohawk presently operates a comprehensive warehouse and sales network in Australia and New Zealand to distribute the company's wood, laminate, LVT, vinyl and carpet products.
Based on Types, The Laminated Wood Flooring Market is segmented into:
Based on Application, The Laminated Wood Flooring Market is segmented into:
The commercial application dominates the market, holding the majority of the market share. Laminate flooring is extensively utilized in the commercial sector, because it is cost effective, requires low maintenance, and has the ability to withstand high traffic.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of Laminated Wood Flooring Market these regions, from 2021 to 2027 (forecast), covering North America, Europe, China, Japan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia–Pacific (China, Japan, Korea, India, and Southeast).
Globally, Asia-Pacific is that the fastest-growing region for the market. Rapid urbanization, rising construction industry, governments' initiatives, and availability of favorable policies may account for the market’s growth within the region. Low manufacturing costs and rising disposable incomes may boost the general market within the region in the coming years. China is a major consumer of flooring within the region, and it's estimated to register the highest CAGR within the near future.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Laminated Wood Flooring Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Laminated Wood Flooring Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
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