Commercial Wood and Laminate Floorings Recent Industry Developments and Growth Strategies Adopted by Players

Posted on 2021-08-06 by Future Market Insights, Inc in Industrial // 0 Comments

250 Pages Commercial Wood and Laminate Floorings Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

Subtitle – Commercial Wood and Laminate Floorings market analysis by Fact.MR offer divulges compelling insights into factors creating sales prospects across key segments, including (segment 1), (segment 2), and (segment 3). It offers an executive-level blueprint of strategies adopted by the key market players and analyzes the impact of the same on overall growth projection.

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The report offers actionable and valuable market insights of Commercial Wood and Laminate Floorings. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Commercial Wood and Laminate Floorings Market across various industries and regions.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Commercial Wood and Laminate Floorings market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Commercial Wood and Laminate Floorings

This newly published and insightful report sheds light on Market Insights of Commercial Wood and Laminate Floorings, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Commercial Wood and Laminate Floorings Market.

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Floorings made of wood and laminates have a key role in enhancing the physical appearance of constructed spaces such as homes, apartments, restaurants, and offices. The demand for wood and laminate floorings continues to gain traction for being offered at low price point and at negligible maintenance costs. Fact.MR’s new forecast study offers comprehensive analysis on the expansion of the global wood and laminate flooring market for the assessment period, 2017-2026. According to the study, the global wood and laminate flooring market is expected to touch a valuation of US$ 8.8 Bn by the end of 2026. Over the forecast period, the global market for wood and laminate floorings is expected to expand at a CAGR of 4.8% in terms of volume.

5 Key Insights from the Report

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.
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.
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.
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.
The report further reveals that Europe will be the largest market for wood and laminate floorings throughout the forecast period. By the end of 2026, nearly 790 million sq. meters of wood and laminate floorings are expected to be sold across European countries. Consumer preferences towards finished floorings at affordable prices is expected to drive the growth of Europe’s wood and laminate flooring market during the forecast period.

The report has profiled leading manufacturers of wood and laminate floorings, which include Tarkett, Mohawk Group, Mannington Mills, Inc., Berkshire Hathaway Inc., Abet Inc., Forbo Holding AG, Goodfellow Inc., Kronospan Limited, Armstrong Flooring, Bauwerk-Boen, and Kahrs Holding AB. These companies are expected to remain active in the expansion of the global wood and laminate flooring market through 2026. In the foreseeable future, majority of wood and laminate flooring manufacturers will focus upon increasing the durability of these floorings by using hybrid laminate materials and composite woods.

Market Taxonomy

Region	North America Latin America Europe Japan APEJ MEA
Product Type	Wood Flooring Laminate Flooring
End User	Residential Commercial Industrial
Construction Activity	Repair & Rehabilitation New Construction

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More Valuable Insights on Commercial Wood and Laminate Floorings Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Commercial Wood and Laminate Floorings, Sales and Demand of Commercial Wood and Laminate Floorings, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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