Engineered Wood Flooring Market - Forecast to 2026
Browse TOC on “Global Engineered Wood Flooring Market - Forecast to 2026" https://www.globalmarketestimates.com/market-report/engineered-wood-flooring-market-3520
By Type (I-Beams, Laminated Veneer Lumber (LVL), Plywood, Glulam (Glued Laminated Timber), Cross Laminated Timber (CLT), Oriented Strand Boards (OSB)), By End-User (Residential, Commercial & Industrial), By Offering (Packaging [Food, Cosmetic, Gift, Heavy Duty Goods, Transport], Display [Pop Display, Custom Printing]), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa); End-User Landscape, Company Market Share Analysis, and Competitor Analysis
Browse the Report @ https://www.globalmarketestimates.com/market-report/engineered-wood-flooring-market-3520
Engineered Wood is an advanced material owing to its superior quality, robustness, durability, and appearance. Due to the above-mentioned attributes, the material has gained immense popularity in flooring applications. The industry had faced huge losses in the previous year due to the covid-19 pandemic. Though, the industry is getting back to its normal growth as the market conditions are normalizing.
Cross Laminated Timber holds a high potential
The Cross Laminated Timber is predicted to observe the highest penetration during the forecast period. For applications such as kitchen, bathrooms, and patio it is an ideal solution as compared to its traditional counterparts.
Residential sector led the end-user segment
The residential sector leads the end-user segment and is projected to continue its dominance during the forecast period. High penetration in refurbishment division accompanied by the wide availability of diversified engineered wood in terms of texture, colour, quality makes the industry highly lucrative in nature.
Asia Pacific dominated the regional share
The Asia Pacific engineered wood flooring market share dominated the regional demand in 2019 and held more than 38% of the share. The increasing trend of single-family houses accompanied by shifting consumer preference towards more aesthetic appealing houses will drive the regional industry growth.
Brand awareness and recognition will be the prime strategy
Major identified manufacturers in the market are From The Forest, Somerset Hardwood Flooring, Boise Cascade Company, Huber Engineered Woods Llc, Celulosa Arauco Y Constitución S.A., Louisiana-Pacific Corporation, Patrick Industries, Inc., Norbord Inc., Raute Group, Universal Forest Products, Inc., Shenzhen Risewell Industry Co., Ltd., Weyerhaeuser Company, Royale Touche, Mikasa Floors, Harris Wood Floors, Bruce, Johnson Hardwood, Mohawk, Kährs, Mullican, LM Flooring, Pergo, Lauzon, Regal Hardwoods, Tesoro Woods, Anderson Tuftex, and Hallmark Floors.
The global engineered wood flooring company market share is non-consolidated and fragmented in nature. The presence of numerous large-scale and small-scale manufacturers in the domestic and international market makes the industry more competitive. Large-scale companies are focusing on adopting strategies to build a strong brand image and recognition.
Type Outlook (Revenue, USD Million, 2021-2026)
• Laminated Veneer Lumber (LVL)
• Glulam (Glued Laminated Timber)
• Cross laminated timber (CLT)
• Oriented Strand Boards (OSB)
End-User Outlook (Revenue, USD Million, 2021-2026)
• Commercial & Industrial
Regional Outlook (Revenue, USD Million, 2021-2026)
• Rest of Europe
• South Korea
• Rest of Asia Pacific
• Rest of Latin America
Middle East & Africa
• Saudi Arabia
• Rest of Middle East & Africa
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