According to a new market report published by
Lucintel, the future of the global wood and laminate flooring market looks promising
with opportunities in the residential and commercial construction market. The
global wood and laminate flooring market is expected to reach an estimated
$30.9 billion by 2021 and it is forecast to grow at a CAGR of 4.2% from 2016 to
2021. The major drivers of growth for this market are increases in new
construction and renovation activities.
In this market, residential and commercial are
the market segments by application type. Residential flooring is the major
segment by application type of global wood and laminate market, as the
acceptance of laminate flooring in residential buildings is increasing.
On the basis of its comprehensive research, Lucintel forecasts that the residential
segment is expected to show above average growth during the forecast period.
Within this market, laminate is expected to
remain the largest segment. The major factors that will spur growth for this
segment during the forecast period are the availability of variety of textures
and designs at low prices as compared to wood flooring, and technological
advancements like digital printing.
Europe is expected to remain the largest
market because most of the European region has a a cold climate and wood and laminate
flooring helps to maintain warmth in the room. Thus, people mostly prefer wood
and laminate flooring in this region.
Asia Pacific is expected to witness
significant growth over the forecast period because of increasing construction
activities in the region.
For business expansion, Lucintel’s report
suggests innovation and new product development to make the installation
process easier and to provide a variety of designs to the customer.
.
Emerging trends which have a direct impact on
the dynamics of the industry include the introduction of aqua+ technology in
laminate flooring, increasing acceptance of wider planks, and introduction of
digital printing in wood and laminate flooring. Mohawk Industries, Inc., Shaw
Industries, Beaulieu International Group, Armstrong World Industries Inc., and
Tarkett are the major wood and laminate flooring suppliers in the global wood
and laminate flooring market.
Lucintel,
a leading global strategic consulting and market research firm, has analyzed
growth opportunities in the global wood and laminate flooring market by product
type, by application, and region, and has compiled
a
comprehensive research report entitled, “Growth
Opportunities in Global Wood and Laminate Flooring Market 2016-2021: Trends,
Forecast, and Market Analysis.” This Lucintel report serves as a
springboard for growth strategy by providing comprehensive data and analysis on
trends, key drivers, and directions.
The study includes a forecast for the growth opportunities in the global wood
and laminate flooring market by product type, application type, and region, as
follows:
By Product [Volume (million square meters) and
$ million from 2010 to 2021]:
- Wood
o
Solid
o
Engineered
- Laminate
By Application [$ million from 2010 to 2021]:
- Residential
- Commercial
– Healthcare
– Education
– Hospitality
– Retail
– Office
– Other
By Region [Volume (million square meters) and $ million
from 2010 to 2021]:
- North America
- Europe
- Asia Pacific
- Rest of the World
This 211-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
Lucintel offerings include Construction
Market Report, Construction
Reports, Capital
Investment Analysis, Strategic
Growth Consulting and Due Diligence.
About
Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report addresses the following key questions:
Q. 1. What
are some of the most promising, high-growth opportunities for the wood and
laminate flooring market by application (residential, commercial), product
(wood, laminate), and region (North
America, Europe, APAC and Rest of the World)?
Q. 2. Which
segments will grow at a faster pace and why?
Q. 3. Which
region will grow at a faster pace and why?
Q.4. What
are the key factors affecting market dynamics? What are the drivers, challenges
and business risks in this market?
Q.5. What are the business risks
and competitive threats in this market?
Q.6. What are emerging trends in this market and
reasons behind them?
Q.7. What are some changing demands of customers
in the market?
Q.8. What
are the new developments in the market? Which companies are leading these
developments?
Q.9. Who
are the major players in this market? What strategic initiatives are taken by
key players for business growth?
Q.10. What
are some of the competing products in this market and how big of a threat do
they pose for loss of market share by
materials / product substitution?
Q.11. What
M & A activity has occurred in the last 5 years and what is its impact on
the industry?
