Press release
Wood Plastic Composite Floorings Market: Size, Trends, and Share Analysis Report
Wood Plastic Composite Floorings Global Market Report 2024
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=12661&type=smp
According to The Business Research Company's, The wood plastic composite floorings market size has grown strongly in recent years. It will grow from $2.4 billion in 2023 to $2.56 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to growth of construction and furniture industry, increased construction activities in various regions, rising investments in the global construction industry, emphasis on effective pricing strategies by manufacturers, increased disposable income.
The wood plastic composite floorings market size is expected to see strong growth in the next few years. It will grow to $3.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rising demand for affordable and durable flooring solutions, growing awareness about the benefits of wood plastic composite floorings, rising residential sector, increasing urbanization, global population. Major trends in the forecast period include eco-friendly and sustainable flooring solutions, technological advancements in wood plastic composite flooring manufacturing, product customization, innovative product launches.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/wood-plastic-composite-floorings-global-market-report
Market Drivers and Trends:
The growing construction industry is expected to propel the growth of the wood-plastic composite flooring market going forward. Construction refers to constructing structures like homes, factories, highways, and bridges. Wood-plastic composite flooring is used in construction projects for both commercial and residential facilities due to its durability and adaptability. For instance, in November 2021, according to the Office for National Statistics, a UK-based Statistics Authority, the value of new construction work in Great Britain increased by 15.3% to reach $119,750 million in 2021 from $103,815 million in 2020. Therefore, the growing construction industry is driving the growth of the wood-plastic composite flooring market.
Product innovations are a key trend gaining popularity in the wood plastic composite floorings market. Major companies operating in the wood plastic composite floorings market are adopting innovative products to sustain their position in the market. For instance, in September 2021, Cali Bamboo LLC, a US-based omnichannel flooring and building products company, launched Legends, a new thicker vinyl plank. The latest flooring line offers installers and homeowners a plank that is as real-looking as it is comfortable. Legends stand out due to its robust WPC core and complete half-inch thickness. Legends are 100% waterproof and click-locks for simple installation in any space without glue or nails. With a 20-mil pet-friendly wear layer, cleaning is simple, and scratch resistance is improved. Additionally, certified by FloorScore (indoor air quality (IAQ) certification standard) and supported by a 50-year home guarantee, planks.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Shenzhen GEM HI-TECH Co., Trex Company Inc., LL Flooring Holdings, Mannington Mills Inc., Armstrong Flooring Inc., Spectra Contract Flooring, Cali Bamboo LLC, Dalton Carpet One, 50 Floor, US Floors LLC, MP Global Products LLC, TimberTech, Spartan Surfaces, C-K Composites Co. LLC, ARCAT Inc., Homecrest Outdoor Living, Republic Floor LLC, Parterre Flooring and Surface Systems LLC, Parterre Flooring Systems, Anhui Sentai WPC Group, Shaw Contract Flooring Services Inc., Floor & Decor Holdings Inc., NewTechWood America Inc., Slaughterbeck Floors Inc., Deckorators Inc.
Wood Plastic Composite Floorings Market 2024 Key Insights:
• The wood plastic composite floorings market size is expected to see strong growth in the next few years. It will grow to $3.4 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
• The Role Of Construction Is Driving Wood-Plastic Composite Flooring Market Growth
• Revolutionary Thicker Vinyl Plank In Wood Plastic Composite Floorings
• North America was the largest region in the wood plastic composite floorings market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=12661&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Wood Plastic Composite Floorings Market: Size, Trends, and Share Analysis Report here
News-ID: 3763000 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Floor
Hardwood Floor Refinishing Company in Columbus Offers Affordable, Eco-Friendly A …
Local company provides professional refinishing, nearly dust-free sanding, and repair services to restore hardwood floors across Columbus area.
Image: https://www.globalnewslines.com/uploads/2025/06/c491681ac4954df89955bc2a763d3f57.jpg
Hardwood floors in homes and businesses across Columbus, Ohio, are getting a second life thanks to Hardwood Floor Refinishing In , a local provider specializing in refinishing, sanding, staining, and repairs. In operation since 1999, the company delivers cost-effective, environmentally safe services that eliminate the need for full floor replacement. With demand…
Discover the Art of Floor Refinishing with Truman Hardwood Floor Cleaning & Refi …
Truman Hardwood Floor Cleaning & Refinishing LLC specializes in this transformative process, ensuring precision and attention to detail. From consultation to completion, their expert team works to bring back the shine and elegance of your hardwood floors, improving both aesthetic appeal and property value.
The Benefits of Professional Floor Refinishing Near Me
For homeowners seeking to revitalize their spaces, floor refinishing is an ideal solution. Over time, hardwood floors can lose their…
Hardwood Floor Refinishing & Hardwood Floor Installation Victoria BC
Van Isle Hardwood Flooring Co. in Victoria, BC, announces the launch of their new website, enhancing customer experience and showcasing expanded services, including certified asbestos removal. The website features a user-friendly design, detailed service descriptions, project galleries, customer testimonials, and easy contact options.
Victoria, BC - 7 Jan, 2025 - Van Isle Hardwood Flooring Co. Launches New Website to Enhance Customer Experience and Showcase Expanded Service Offerings, Including Asbestos Removal.
Van Isle…
Dr. Hardwood Refinishing & Cleaning Expands Floor Refinishing, Wooden Floor Inst …
Image: https://www.getnews.info/wp-content/uploads/2024/10/1728716311.png
Dr. Hardwood refinishing & cleaning logo
Dr. Hardwood Refinishing & Cleaning, a trusted name in hardwood floor care, announces the expansion of its floor refinishing service, wooden floor installation, and wood floor repair Austin offerings in Austin, TX, and surrounding areas. The company specializes in high-quality craftsmanship for residential and commercial clients, providing long-lasting flooring solutions.
As the demand for hardwood flooring continues to rise in Austin, Dr. Hardwood…
Truman's Hardwood Floor Refinishing & Cleaning: Transforming Homes with Stunning …
Refinish hardwood floors, Truman's is synonymous with quality craftsmanship, attention to detail, and transformative outcomes. Whether it's reviving worn-out floorboards or breathing new life into outdated hardwood surfaces, Truman's stands at the forefront of the industry, offering unparalleled expertise and a commitment to excellence.
Truman's Hardwood Floor Refinishing & Cleaning is revolutionizing the way homeowners perceive and experience the rejuvenation of their living spaces. Specializing in the meticulous process to refinish…
Floor Care Service Market Size in 2023 To 2029 | 3B Cleaning & Floor Care Servic …
Floor Care Service market report includes market-driving factors, major obstacles, and restraining factors impeding market growth. The report assists existing manufacturers and start-ups in developing strategies to combat challenges and capitalize on lucrative opportunities to gain a foothold in the global market. Moreover, the report provides thorough information about prime end-users and annual forecast during an estimated period.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=7629982
Descriptive company profiles…
