Global Wood and Laminate Flooring Market Size, Status, Growth, Revenue & Report Forecasted by 2026

Posted on 2018-06-18 by Mark Hub in Industrial, Retail // 0 Comments

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Dublin 2, Ireland, 2018-Jun-18 — /EPR Network/ — A fresh study, covering “Wood and Laminate Flooring Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026” has been broadcasted to wide online repository of Fact MR, which presents deep focus on the industrial goods market. This smart study contains precise data that offers a clear insight about market current scenario and future projections for the benefit of readers. Moreover, the study enclosed significant data which tends to make the research a powerful source for analysts and industry experts who are looking to gain necessary knowledge about the prevailing market trends, opportunities and drivers present in the “wood and laminate flooring market”.

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According to a recent study published by Fact.MR, the global market for wood and laminate floorings will expand steadily during the forecast period, 2017-2026. Over the period, the global wood and laminate flooring market is assessed to reflect a value CAGR of 5%. By the end of 2026, over 2,130 million sq. meters of wood and laminate floorings are expected to be sold across the globe.

4 Key Insights from the Report

1. In terms of sales, wood floorings are expected to outsell laminate floorings throughout the forecast period. By the end of 2026, more than 1,130 million sq. meters of wood floorings are expected to be sold globally.

2. Commercial end-use of wood and laminate floorings is expected to register fastest volume growth during the forecast period. By the end of the forecast period, more than 880 million sq. meters of wood and laminate floorings will be used across commercial spaces. The end-use of wood and laminate floorings in residential settings is expected to account for more than one-third share of global market volumes throughout the forecast period.

3. Through 2026, wood and laminate floorings are likely to be used predominantly for repair and rehabilitation activities. In 2017, more than 900 million sq. meters of wood and laminate floorings sold in the global market were used for repair and rehabilitation of physical spaces.

4. Majority of wood and laminate floorings will be manufactured in the Asia-Pacific excluding Japan (APEJ) region. The report estimates that the APEJ region will represent highest contribution to the global wood and laminate flooring manufacturing over the forecast period.

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Europe to Represent Largest Market for Wood and Laminate Floorings through 2026

Wood and laminate floorings are widely used across construction activities, but their adoption is set to remain predominant in repair and rehabilitation. By 2026-end, over 1,300 million sq. meters of wood and laminate floorings will be sold globally for repair and rehabilitation activities. The report further reveals that Europe will be the largest adopter of wood and laminate floorings through 2026. While the Asia-Pacific excluding Japan (APEJ) region is expected to register highest production of wood and laminate floorings, their demand is slated to remain high in European countries. By the end of 2026, Europe’s wood and laminate flooring market is expected to register sales of nearly 790 million sq. meters.

Demand for Wood Floorings is expected to outpace the Adoption of Laminate Floorings

The report has estimated that during the forecast period, sales of wood floorings will gain highest traction. By the end of 2026, more than 1,130 million sq. meters of wood floorings are expected to be sold across the globe. On the other hand, laminate floorings will register a steady volume CAGR of 5.6% during the forecast period. Through 2026, the residential end-use of wood and laminate floorings is estimated to account for more than one-third share on global market volumes. Commercial end-use of wood and laminate flooring is expected to gain traction, reflecting highest volume CAGR of 5.2% over the forecast period.

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