Wood Flooring Market to Reach a Valuation of US$ 123 Bn by 2027 - TMR

News provided by

Aug 28, 2019, 03:00 ET

ALBANY, New York, Aug. 28, 2019 /PRNewswire/ -- The global wood flooring market is anticipated to make steady progress during the forecast period, from 2019 to 2027. Wood flooring comes with sustainability and is environment friendly, which makes them a preferable choice for flooring among many. The global wood flooring market is faced with stiff competition from other options like tiles, vinyl, and laminates. Wood flooring offers durability, safety, and hygiene and comes with immense load resistance. The consumer demand for wood flooring is quite high in the market thanks to such characteristics.

The global wood flooring market is commanded by the presence of some medium- and large-scale players. Tarkett Group, Kährs Holding AB (publ), Mohawk Industries, Inc., Armstrong Flooring, Inc., and Shaw Industries Group, Inc. are some of the well-established companies operating in this market.

Request a Sample of Global Wood Flooring Market: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=71574

Tarkett S.A. accounted for a leading share of the global wood flooring market in 2018. This company offers more than 50 varieties of wood flooring products to its customers. With the presence of several manufacturing sites and offices all over the globe, the organization offers a broad portfolio of products related to flooring.

Transparency Market Research (TMR) following extensive research has prepared the report on the global wood flooring market. Experts at TMR predict that the market is likely to exhibit a growth rate of 6.0 % CAGR during the assessment period, from 2019 to 2027. Riding high on the back of various growth factors, the market is estimated to reach a valuation of US$ 123 Bn through 2027.

Is something restraining your company's growth in the Wood Flooring Market? Ask for the report brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=71574

Europe to Lead the Wood Flooring Market during the Forecast Period

North America, Europe, Middle East and Africa, Asia Pacific, and South America comprise the principal regions of the global wood flooring market.

From the geographical standpoint, Europe accounted for a considerable share of the global wood flooring market in 2018, in terms of both volume and value. The Europe wood flooring market is likely to continue with its dominance during the period of assessment. The housing industry has significant macro-prudential and macroeconomic implications for the European economy. The expanding residential sector in Europe due to increasing population and mass migration of people from war-torn countries are likely to drive the Europe wood flooring market during the review period.

Stuck in a neck-to-neck competition with other brands? Request a custom report on competition on Wood Flooring Market @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=71574

Environment-friendliness of Wood to Accelerate Demand in Market during the Forecast Period

During the review period, the global wood flooring market is likely to derive momentum from factors, such as renovation, construction of new houses, and retrofitting activities for office, commercial, and residential buildings. Increased emphasis on use of environment-friendly and green products like wood is furthering the growth of the global wood flooring market.

In the global wood flooring market, the residential segment exerts dominance and it is expected that the trend will continue in the years to come. The aesthetic appeal of a house is enhanced through the use of wood flooring. A rich and posh look is added to the interiors of home when wood flooring is used. Non-electromagnetic, organic characters of wooden floors attract less dust. As such, wooden floor is extensively used in residential homes to ensure safety of children and infants.

Purchase this Premium Industry Research Report with Analysis @ https://www.transparencymarketresearch.com/checkout.php?rep_id=71574&ltype=S

Increasing disposable income of the people, particularly among the middle-class population across the globe, has helped people spend more on the home décor. With increasing disposable income people can now afford to spend more on premium products such as wood flooring for home renovation and beautification.

On the other hand, the market has been adversely affected with fluctuating prices of the raw materials and restrictions imposed on cutting of wood.

The information shared in this review is based on a TMR report, bearing the title, "Wood Flooring Market (Product - Solid Wood, Engineered Wood, and Laminated Wood; Application – Residential and Commercial) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 – 2027."

The global wood flooring market is segmented based on:

Product

Solid Wood
Engineered Wood
Laminated Wood

Application

Residential
Commercial

Region

North America

US
Canada

Europe

Germany
France
Italy
Spain
U.K.
Rest of Europe

Middle East and Africa

GCC Countries
South Africa
Rest of Middle East & Africa

Asia Pacific

China
Japan
India
Australia & New Zealand
Rest of Asia Pacific

Latin America

Brazil
Mexico
Rest of Latin America

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

Flooring Market: https://www.transparencymarketresearch.com/flooring-market.html
Wood and Laminate Flooring Market: https://www.transparencymarketresearch.com/wood-laminate-flooring-market.html
Cristobalite Market: https://www.transparencymarketresearch.com/cristobalite-market.html
Terrazzo Flooring Market: https://www.transparencymarketresearch.com/terrazzo-flooring-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Browse our Blogs for More Research Insights:

https://tmrblog.com/ | https://www.redfoxinfo.com | https://bitgmx.com

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Research Blog: http://www.europlat.org/