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Growing Demand for Hard Wearing, Natural-Looking Floors that are Sustainable and Eco-Friendly Drive the Wood Flooring Market


Published: July 2017

REPORT STATISTICS


  • Code: MCP-6344
  • Pages: 312
  • Tables: 94
  • Companies: 121


WOOD FLOORING: A RESEARCH BRIEF

World market for Wood Flooring is projected to reach 16 billion square feet by 2024, driven by the global recovery in construction projects; growing concerns over the environment and the ensuing preference for wood as a green building material given its lower carbon footprint and renewable characteristics when harvested through sustainable forest management practices. Other major factors driving growth include stringent government regulations calling for mandatory renovation of aging buildings; growing demand for hard wearing and natural-looking floors; widening product choices in terms of colors, textures, patterns, strength, and wood floors manufactured from a variety of rare and exclusive wood species. Asia-Pacific ranks as the fastest growing market with a projected CAGR of 5.7% over the analysis period, led by rapid urbanization and resulting housing and real estate development; preference for tropical wood flooring in rich, beautiful and luxurious designs; launch of affordable engineered wood flooring solutions; and expanding middle class and their changing attitude towards flooring decors. 

    Summary of Findings

  • Easy Maintenance, Unrivalled Aesthetic Beauty, and Ability to Increase Home Value Drive Investments in Wood Flooring
  • Development of Easy to Install Wood Flooring Designs such as Standard Angle Locking Technology, Glueless-Click Lock Installation, Snap and Lock Installation to Benefit Adoption Rates#Durability Benefits and Reduced Risk of Stains and Discolorations Associated with Onsite Finishing Drive the Popularity of Factory Finished Hardwood Flooring
  • Solid Wood Parquet Flooring Grows in Demand Among Households for its Anti-Allergy Flooring Characteristics
  • Regulations Curbing Deforestation and Rising Production Costs Pose Major Challenges to Growth

    Timeline for Analysis

  • Market Estimates and Forecasts for 2016-2024
  • Historic Review 2011-2015

    Geographic Markets Analyzed

  • US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, Mexico and Rest of Latin America)

    Market Segmentation & Classification

  • Product Segments:
    • Solid Wood Flooring, and Engineered Wood Flooring

MAJOR PLAYERS

  • A&W (Shanghai) Woods Co., Ltd.
  • Armstrong Flooring, Inc.
  • Barlinek SA
  • Beaulieu International Group
  • Boa-Franc, Inc.
  • Boral Limited

KEY RESEARCH DELIVERABLES

  • Review of Industry/Market Structure
  • Analysis of Trends & Drivers
  • Insights on Macro Market Scenarios
  • Market SWOT Analysis
  • Latent Demand Forecasts & Projections
  • Comprehensive Geographic Market Analysis
  • Presentation Ready Facts & Statistical Data Findings
  • Coverage of Major/Niche Players, Market Shares & Competition
  • Coverage of major Company/Technology/Product/Financial Stories
  • Extensive Product/Service/End-Use/Technology Coverage Where Applicable







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