The global wooden floor market was valued at $90,638.1 million in 2017, and is projected to reach $141,091.3 million in 2025, growing at a CAGR of 5.9%. Wood flooring is a type of hard surface flooring, which is produced using materials, such as timber, bamboo, and others, which are available in numerous styles, colors, and cuts.
There are several benefits offered by wood flooring, such as elegance and high-end aesthetics over other types of flooring. This is anticipated to propel the demand for wooden floor globally. In addition, the rise in awareness of outdoor and indoor entertainment area among millennial home buyers fuel the demand for wooden flooring solutions among residential end users. However, fluctuating prices of wood and other raw materials, and rising costs of manufacturing wood flooring are the major challenges faced by the players operating in the industry. On the contrary, increase in disposable income of people is anticipated to offer lucrative opportunities for the players in the industry.
The global wooden floor market is segmented based on product, application, and region. Based on product, the market is classified into engineered wood and solid wood. The engineered wood segment is anticipated to dominate the global market throughout the study period. Based on application, the market is bifurcated into residential and non-residential. The residential segment is projected to dominate the global market during the forecast period.
The global wooden floor market is analyzed across four geographical regions, which include North America (U.S., Canada, and Mexico), Europe (Germany, France, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific is expected to dominate the market throughout the forecast period, followed by LAMEA. The key players profiled in this report are Armstrong, Beaulieu International Group, Berkshire Hathaway, Boral Limited, Brumark Corporation, Kährs Holding AB, Mannington Mills, Mohawk Industries, Nature Home Holding Company Limited, and Tarkett.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global wooden floor market, and current & future trends to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact on the market is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global market from 2017 to 2025 is provided to determine the market potential.
KEY MARKET SEGMENT
By Product
Engineered wood
Solid wood
By Application
Residential
Non-residential
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Indonesia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS PROFILED IN THE REPORT
Armstrong
Beaulieu International Group
Berkshire Hathaway
Boral Limited
Brumark Corporation
Kährs Holding AB
Mannington Mills
Mohawk Industries
Nature Home Holding Company Limited
Tarkett
There are several benefits offered by wood flooring, such as elegance and high-end aesthetics over other types of flooring. This is anticipated to propel the demand for wooden floor globally. In addition, the rise in awareness of outdoor and indoor entertainment area among millennial home buyers fuel the demand for wooden flooring solutions among residential end users. However, fluctuating prices of wood and other raw materials, and rising costs of manufacturing wood flooring are the major challenges faced by the players operating in the industry. On the contrary, increase in disposable income of people is anticipated to offer lucrative opportunities for the players in the industry.
The global wooden floor market is segmented based on product, application, and region. Based on product, the market is classified into engineered wood and solid wood. The engineered wood segment is anticipated to dominate the global market throughout the study period. Based on application, the market is bifurcated into residential and non-residential. The residential segment is projected to dominate the global market during the forecast period.
The global wooden floor market is analyzed across four geographical regions, which include North America (U.S., Canada, and Mexico), Europe (Germany, France, Russia, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, Indonesia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Asia-Pacific is expected to dominate the market throughout the forecast period, followed by LAMEA. The key players profiled in this report are Armstrong, Beaulieu International Group, Berkshire Hathaway, Boral Limited, Brumark Corporation, Kährs Holding AB, Mannington Mills, Mohawk Industries, Nature Home Holding Company Limited, and Tarkett.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global wooden floor market, and current & future trends to elucidate the imminent investment pockets.
Information about the key drivers, restraints, and opportunities and their impact on the market is provided.
Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the global market from 2017 to 2025 is provided to determine the market potential.
KEY MARKET SEGMENT
By Product
Engineered wood
Solid wood
By Application
Residential
Non-residential
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Indonesia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS PROFILED IN THE REPORT
Armstrong
Beaulieu International Group
Berkshire Hathaway
Boral Limited
Brumark Corporation
Kährs Holding AB
Mannington Mills
Mohawk Industries
Nature Home Holding Company Limited
Tarkett
Frequently Asked Questions about the Global Wooden Floor Market
What is the estimated value of the Global Wooden Floor Market?
What is the growth rate of the Global Wooden Floor Market?
What is the forecasted size of the Global Wooden Floor Market?
Note: Product cover images may vary from those shown
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: WOODEN FLOOR MARKET, BY PRODUCT
CHAPTER 5: WOODEN FLOOR MARKET, BY APPLICATION
CHAPTER 6: WOODEN FLOOR MARKET, BY REGION
CHAPTER 7: COMPANY PROFILE
Note: Product cover images may vary from those shown
According to a new report titled, Wooden Floor Market: Global Opportunity Analysis and Industry Forecast, 2018-2025, the global wooden floor market was valued at $90,638.1 million in 2017, and is projected to reach $141,091.3 million in 2025, growing at a CAGR of 5.9%, while in terms of volume, the market is expected to grow at a CAGR of 4.7% by 2025. The engineered wood segment accounted for more than two-thirds of the market share in 2017, and is expected to witness significant growth during the forecast period.
A wooden floor is a type of hard surface flooring, which lasts for decades, can be cleaned easily, and is hygienic than other flooring. There is an increase in demand for the flooring, owing to rise in construction projects across different regions of the world. In addition, its installation enhances the beauty adds value, and makes the room look spacious, which are expected to propel the growth of the market. However, high cost of manufacturing is anticipated to restrain the market growth.
Based on the application, the residential segment is expected to account for the largest share in the global market during the forecast period, due to increase in investments in North American, Asia-Pacific, and African countries. Based on the product segment, engineered wood is expected to grow at a significant CAGR during the forecast period, owing to its various benefits, such as high resale value, and high perceived & monetary value.
Key Findings of the Wooden Floor Market:
Based on application, the residential segment dominated the market in terms of revenue in 2017, and is projected to grow at a CAGR of 5.6% during the forecast period.
Europe generated the highest revenue in 2017, and Asia-Pacific is anticipated to grow at the highest CAGR of 7.0%.
The engineered wood segment generated the highest revenue in 2017, and is estimated to grow at the rate of 6.3%.
In Asia-Pacific, China accounted for the largest market share in 2017.
The key players profiled in this report include Armstrong, Beaulieu International Group, Berkshire Hathaway, Boral Limited, Brumark Corporation, Khrs Holding AB, Mannington Mills, Mohawk Industries, Nature Home Holding Company Limited, and Tarkett.
A wooden floor is a type of hard surface flooring, which lasts for decades, can be cleaned easily, and is hygienic than other flooring. There is an increase in demand for the flooring, owing to rise in construction projects across different regions of the world. In addition, its installation enhances the beauty adds value, and makes the room look spacious, which are expected to propel the growth of the market. However, high cost of manufacturing is anticipated to restrain the market growth.
Based on the application, the residential segment is expected to account for the largest share in the global market during the forecast period, due to increase in investments in North American, Asia-Pacific, and African countries. Based on the product segment, engineered wood is expected to grow at a significant CAGR during the forecast period, owing to its various benefits, such as high resale value, and high perceived & monetary value.
Key Findings of the Wooden Floor Market:
Based on application, the residential segment dominated the market in terms of revenue in 2017, and is projected to grow at a CAGR of 5.6% during the forecast period.
Europe generated the highest revenue in 2017, and Asia-Pacific is anticipated to grow at the highest CAGR of 7.0%.
The engineered wood segment generated the highest revenue in 2017, and is estimated to grow at the rate of 6.3%.
In Asia-Pacific, China accounted for the largest market share in 2017.
The key players profiled in this report include Armstrong, Beaulieu International Group, Berkshire Hathaway, Boral Limited, Brumark Corporation, Khrs Holding AB, Mannington Mills, Mohawk Industries, Nature Home Holding Company Limited, and Tarkett.
Note: Product cover images may vary from those shown
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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