According to the recent study the wood and laminate flooring market is projected to reach an estimated $50 billion by 2030 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by increases in new construction and renovation activities.
A more than 150–page
report is developed to understand Trends, opportunities and forecast in wood
and laminate flooring market by application (residential, commercial), product
(wood, laminate), and region (North America, Europe, APAC and Rest of the
World).
Lucintel forecasts that
the residential segment is expected to show above average growth during the
forecast period.
Download sample by clicking on wood and
laminate flooring market.
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 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.
Mohawk Industries., Shaw
Industries, Beaulieu International Group, Armstrong World Industries, Tarkett
are the major supplier in the wood and laminate flooring market.
This unique 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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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