Wood and Laminate Flooring Market Future Demand, Market Analysis & Outlook Report (2019-2026)
In 2019, the global Wood and Laminate Flooring market size was USD 121,369 million and it is expected to reach USD 174,455 million by the end of 2026, with a CAGR of 5.32% during 2019-2026.
Laminate flooring is a multi-layer synthetic flooring product fused together with a lamination process. Laminate flooring simulates wood with a photographic applique layer under a clear protective layer. The inner core layer is usually composed of melamine resin and fiber board materials.
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Market Driver and Constraint
The global wood and laminate flooring market is strong growing by a combination of factors, such as growing building and construction industry, increased disposable incomes, changing lifestyle and technological developments. key market players adopt various strategies, such as business expansion and acquisition, to strengthen their market presence, which boost the growth of the market. Further, emerging demand from emerging economies such as Brazil, South Africa, and Russia is likely to open new avenues for wood and laminate flooring market in coming years.
On the other hand, the volatile prices of wood and other raw materials and the increasing costs of production can possibly act as a limitation for the development of wood and laminate flooring market over the forecast period. Stringent laws and regulations against deforestation by governments across the globe and the consequent need of imports of raw materials have shrunk manufacturers' profits to a large extent. This factor may also act as a roadblock to the growth of the market over the projected period.
Emerging trends that have a direct impact on industry dynamics include the introduction of aqua+ technology in laminate flooring, increased acceptance of wider planks, and the introduction of digital printing in wood and laminate flooring.
Region-wise Analysis
In the regional outlook, the global timber and laminate flooring market is divided into Asia Pacific, North America, Europe, Latin America, the Middle East and Africa. The Asia-Pacific region is the largest consumer of the global wood flooring and laminate flooring market, with sales accounting for 34.25% of the world's total, followed by North America and Europe, accounting for 28.65% and 26.33%, respectively. In terms of revenue, the Asia-Pacific region is expected to have a significant share during the forecast period due to infrastructure development and urbanization. The growing construction business of the BRIC countries (Brazil, Russia, India, China) is expected to open up the dynamic outlook for the market in the next seven years. North America and Europe are also projected to see significant growth in the near future.
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Competition Analysis
Major competitors of the global Wood and Laminate Flooring market include Mannington Mills, Shaw, Somerset, Armstrong, Mohawk, Mullican, Pergo, Millstead, Interface, Bruce, Swiss Krono Group, Classen Group, Kastamonu Entegre, Wineo, Dare Power Dekor Home, Tarkett, Robina Flooring Sdn Bhd, An Xin, and etc. Most of these companies are predicted to develop flooring using advanced materials made from composite wood and hybrid laminates. Additionally, increasing the durability of wood and laminate floorings will remain a key concern for market players in the foreseeable future.
Worldwide Wood and Laminate Flooring Market by Application
Commercial Flooring, Residential Flooring, and Other. Wood and laminate flooring are primarily used for residential applications, and residential replacement creates a huge demand. Wood and laminate flooring solutions are increasingly used in new residential and commercial sectors such as retail. Owing to their ability to sustain high traffic, laminate flooring has witnessed a surge in demand from commercial sectors.
Worldwide Wood and Laminate Flooring Market by Type
Wood Flooring, Laminate Flooring, and Other.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Wood and Laminate Flooring Market
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2 Market Trends and Competitive Landscape
3 Segmentation of Wood and Laminate Flooring Market by Types
4 Segmentation of Wood and Laminate Flooring Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Wood and Laminate Flooring Market in Major Countries
7 North America Wood and Laminate Flooring Landscape Analysis
8 Europe Wood and Laminate Flooring Landscape Analysis
9 Asia Pacific Wood and Laminate Flooring Landscape Analysis
10 Latin America, Middle East & Africa Wood and Laminate Flooring Landscape Analysis
11 Major Players Profile
11.1 Mannington Mills
11.1.1 Mannington Mills Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Shaw
11.3 Somerset
11.4 Armstrong
11.5 Mohawk
11.6 Mullican
11.7 Pergo
11.8 Millstead
11.9 Interface
11.10 Bruce
11.11 Swiss Krono Group
11.12 Classen Group
11.13 Kastamonu Entegre
11.14 Wineo
11.15 Dare Power Dekor Home
11.16 Tarkett
11.17 Robina Flooring Sdn Bhd
11.18 An Xin
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Target Audience:
Wood and Laminate Flooring manufacturers
Distributors and resellers of Wood and Laminate Flooring
Wood and Laminate Flooring potential investors
Raw material suppliers of Wood and Laminate Flooring
Wood and Laminate Flooring industry associations
Product managers, Wood and Laminate Flooring industry administrator, C-level executives of the industries
Government agencies and NGOs
Market research and consulting firms
Small and Medium-sized Enterprises (SMEs)
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2019 to 2026
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