Aug 3, 2020 4:17 PM ET
iCrowd Newswire – Aug 3, 2020
Market Research Future published a research report on “Wood Flooring Market Research Report – Global Forecast till 2024” – Market Analysis, Scope, Stake, Progress, Trends and Forecast Report to 2024.
Wood flooring has gained pace in recent times due to increasing residential construction and urbanization. Wooden floorings are present in numerous designs, and with the developments in technologies have received considerable demands for official and residential projects. Companies have introduced new products and are continuously working to discover and develop new products to keep the customers interested and helping the market in gaining expected growth. Also, increasing renovation activities are further boosting the market around the world. The growing commercial activities are significant contributors to this market. The companies are investing in research & development programs to develop new products and designs, which is helping the market expand its share in the global market.
Wood flooring is easy to install and durable flooring solution, which has provided this market advantage over other flooring solutions. Apart from the usage, the Wood Flooring Market faces considerable challenges from the factors like unstable raw material costs and demands for environmentally friendly materials, as the depleting forest cover has created the primary concern for the environment. The companies are looking for areas with maximum opportunities and abundant raw materials, which is empowering the market stance.
This report will provide a complete detail about the market trends, growth factors, drivers & restraints, opportunities, and other primary factors followed by an in-depth analysis of the major markets around the world. The global wood flooring market is anticipated to show around a 05 % annual growth rate during the survey.
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Some of the prominent players in the global wood flooring market are Wickes Ltd (US), Home Legend, LLC, the Armstrong Flooring, Inc. (US), Shaw Industries Group, Inc. (US), Q.E.P. Co., Inc., Mannington Mills, Inc. (US), Mohawk Industries (US), Pergo (US), Somerset Hardwood Flooring, and Provenza Floors, Inc.
The global wood flooring market is segmented into the following categories:
Based on types, the global wood flooring market is segmented into solid wood and engineered wood. The engineered wood is expected to gain maximum growth in this period.
The global Wood Flooring market is categorized as residential and non-residential used based on applications. The residential application will be in the lead.
The global Wood Flooring market has received an enormous response from around the world and will keep the progress going. The Asia Pacific, North America, Europe, and the rest of the world are the major regions observed for the global Wood Flooring market. In the current era, the Asia Pacific region is leading the market. It will stay at the top due to the demands for modern techniques, increasing urbanization, rising per capita income, rising construction, the introduction of new products, and other factors. This region will also file the fastest growth rates during the survey period with India and China, the major shareholders.
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Increasing construction and renovation procedures have boosted the market. Wood flooring is getting significant competition from the alternates like tiles, laminates, and vinyl. The engineered wood sector will lead the market, as they need less energy than other flooring types. The companies are investing in research & development programs, helping the market secure its future and overcome the negative features. The developing regions will file the maximum growth rate and are the new hotspot for the market majors.
Strategic Point Covered In TOC:
- Report Overview
- Wood Flooring Trends and Competitive Landscapes
- Segmentation of Market by Type
- Segmentation of Wood Flooring Market by End-Users
- Market Analysis by Major Regions
- Product Commodity of Market in Major Countries
- North America Wood Flooring Landscapes Analysis
- Europe Wood Flooring Landscapes Analysis
- Asia Pacific Wood Flooring Landscapes Analysis
- Latin America, Middle East & Africa Wood Flooring Landscapes Analysis
- Major Players Profile
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