India Wood And Laminate Flooring Market – Competitive Landscape, Growth Factors & Trends By 2020: Grand View Research, Inc.

Posted on 2019-05-30 by researchinsights in Chemicals // 0 Comments

San Francisco, United States, 2019-May-30 — /EPR Network/ —

India wood and laminate flooring market size was estimated to be USD 113.5 million in 2013. Increasing renovation and floor replacement activities in residential and commercial application is expected to drive the industry over the forecast period. Wood flooring is considered as a status symbol as a result of which it has been witnessing significant adoption rate in India over the last five years.

International companies were reluctant to enter the Indian market in the past due to high duty and exchange issues. However, over the last five years, India has leapfrogged to position itself as the second most lucrative industry in Asia after China.

Several multinational companies such as Armstrong and Pergo have started forming strategic alliances with domestic players in order to address logistics and transport issues which deterred them to foray in the India flooring market in the past.

To Request Sample Copy @ https://www.grandviewresearch.com/industry-analysis/india-wood-laminate-flooring-market

India wood flooring market revenue by application, 2012 – 2020, (USD Million)

Application Insights

The commercial wood and laminate flooring market accounted for over 55% of the share in 2013 on account of high demand from corporate offices, five-star hotels, restaurants, showrooms, and retail outlets. .

Growing demand for residential projects consisting of specifically western style houses with wooden frame constructions has favorably impacted growth. Rising investments in commercial real estate and an increased preference to the wooden floor covering has fueled growth in demand.

Competitive Insights

Vendors have been relying on partnerships with local players to expand their production capacities and gain logistics support. Multinational companies from the U.S. and Europe increasingly are making partnerships with the local floor covering manufacturers and distributors in order to get a hold in the upcoming Indian market. For instance, many of the distributors sell the Europe based Pergo brand of floor covering for the premium floor covering customers in India.

Key industry participants with significant wood and laminate flooring market share include Accord Floors, Armstrong World Industries, Avant, BVG, EGO Flooring, Eurotex, Greenlam Industries, Notion, Parkay Floors, Pergo, Quick-Step, Red Floor India, Surfaces India, Westwood, and WoodFloorsIndia.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Application Insights

Competitive Insights

Matched content

Editor’s pick