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Wood & Laminate Flooring Market worth $91.91 billion by 2030, growing at a CAGR of 6.45% - Exclusive Report by 360iResearch
Wood & Laminate Flooring Market | 360iResearch
The Global Wood & Laminate Flooring Market to grow from USD 59.31 billion in 2023 to USD 91.91 billion by 2030, at a CAGR of 6.45%.
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Wood flooring refers to any product produced from timber that is designed for use as flooring, either to provide strength or aesthetic appeal. Wood is a common flooring material due to its environmental profile, durability, and restorability. Laminate flooring refers to a multi-layer synthetic flooring product fused together through a lamination process. It simulates wood with a photographic layer under a clear protective layer. Applications of wood and laminate flooring primarily include residential, commercial, and industrial spaces. Changes in aesthetic preferences have boosted the demand for various styles, finishes, and textures in wood and laminate flooring products. Additionally, increasing preference for eco-friendly and sustainably sourced materials is shifting the focus toward green building materials. However, volatility in raw material prices can affect production costs and profitability. Additionally, stringent environmental regulations may restrict the use of certain chemicals or materials in manufacturing, affecting production efficiency and cost. However, major players are investing in exploring advanced manufacturing technologies and processes, such as 3D printing, to create custom textures and designs and reduce the impact of environmental pollution. Developing new composite materials for enhanced durability, sustainability, and cost-effectiveness can further lead to greater demand for wood and laminate flooring.
The United States and Canada are important and significant markets for wood and laminate flooring in the Americas region. Consumer needs in the Americas region are characterized by a strong preference for quality and sustainability. The Americas region has seen significant investments with major flooring manufacturers focusing on expanding their production capabilities and distribution networks. In the EMEA region, the wood and laminate flooring market displays a preference for high-quality, design-oriented products. The Middle East, on the other hand, shows demand for luxury wood flooring options in the burgeoning construction sector, particularly in the hospitality industry. The Asia Pacific region is witnessing robust growth in the wood and laminate flooring market, driven by the rising middle class and increased urbanization in countries such as China and India. The surge in construction activities, both residential and commercial, has escalated the demand for wood and laminate flooring solutions in the APAC region.
Market Segmentation & Coverage:
This research report categorizes the Wood & Laminate Flooring Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Laminate Flooring and Wood Flooring. The Laminate Flooring is further studied across Engineered Wood and Plastic. The Wood Flooring is further studied across Maple, Red Oak, and White Oak. The Laminate Flooring is projected to witness significant market share during forecast period.
Based on Pattern, market is studied across Chevron, Thin, Traditional, and Wide. The Wide is projected to witness significant market share during forecast period.
Based on Installation Type, market is studied across Glue-down Installation, Glueless-click Installation, Nail-down Installation, and Pre-glued Installation. The Pre-glued Installation is projected to witness significant market share during forecast period.
Based on Distribution Channel, market is studied across Offline Stores and Online Stores. The Offline Stores is projected to witness significant market share during forecast period.
Based on Application, market is studied across Commercial, Industrial, and Residential. The Residential is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 36.29% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Wood & Laminate Flooring Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Wood & Laminate Flooring Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Wood & Laminate Flooring Market, highlighting leading vendors and their innovative profiles. These include AHF, LLC, ALSAPAN SAS, Barlinek SA, Beaulieu International Group, Boral Timber Flooring, British Hardwoods, Burroughs Hardwoods, Inc., Classen Floor Systems Sp. z o.o., Daiken Corporation, Der International Flooring Co., Ltd, Formica Group, FRITZ EGGER GmbH & Co. OG, Greenlam Industries, Hamberger Industriewerke GmbH, Kahrs Group, Kastamonu Entegre, LL Flooring, Inc., M. KAINDL GmbH, Mannington Mills, Inc, MeisterWerke Schulte GmbH, Menard, Inc., Mohawk Industries, Nature Wood Floors, Pergo Flooring, Power Dekor, Samling Group of Companies, Shaw Industries Group, Inc., SWISS KRONO AG, Tarkett S.A., and The L&L Company.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Wood & Laminate Flooring Market, by Product
7. Wood & Laminate Flooring Market, by Pattern
8. Wood & Laminate Flooring Market, by Installation Type
9. Wood & Laminate Flooring Market, by Distribution Channel
10. Wood & Laminate Flooring Market, by Application
11. Americas Wood & Laminate Flooring Market
12. Asia-Pacific Wood & Laminate Flooring Market
13. Europe, Middle East & Africa Wood & Laminate Flooring Market
14. Competitive Landscape
15. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Wood & Laminate Flooring Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Wood & Laminate Flooring Market?
3. What is the competitive strategic window for opportunities in the Wood & Laminate Flooring Market?
4. What are the technology trends and regulatory frameworks in the Wood & Laminate Flooring Market?
5. What is the market share of the leading vendors in the Wood & Laminate Flooring Market?
6. What modes and strategic moves are considered suitable for entering the Wood & Laminate Flooring Market?
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