Growth Opportunities in the Global Wood and Laminate Flooring Market

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Dec 14, 2016, 04:00 ET

LONDON, Dec. 14, 2016 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2021 by product type (wood [solid, engineered], laminate), application (residential, commercial [healthcare, education, hospitality, retail, office, other]), and region (North America, Europe, Asia Pacific, Rest of the World)

The global wood and laminate flooring market is expected to reach an estimated $30.9 billion by 2021 and it is forecast to grow at a CAGR of 4.2% from 2016 to 2021. The major drivers of growth for this market are increases in new construction and renovation activities.

Emerging trends which have a direct impact on the dynamics of the industry include the introduction of aqua+ technology in laminate flooring, increasing acceptance of wider planks, and introduction of digital printing in wood and laminate flooring.

A total of 144 figures / charts and 67 tables are provided in this 211-page report to help in your business decisions.

The study includes a forecast for the growth opportunities in the global wood and laminate flooring market by product type, application type, and region, as follows:

By Product [Volume (million square meters) and $ million from 2010 to 2021]:
- Wood
- Solid
- Engineered
- Laminate

By Application [$ million from 2010 to 2021]:
- Residential
- Commercial
- Healthcare
- Education
- Hospitality
- Retail
- Office
- Other

By Region [Volume (million square meters) and $ million from 2010 to 2021]:
- North America
- Europe
- Asia Pacific
- Rest of the World

Mohawk Industries, Inc., Shaw Industries, Beaulieu International Group, Armstrong World Industries Inc., and Tarkett are the major wood and laminate flooring suppliers in the global wood and laminate flooring market.

On the basis of its comprehensive research, Lucintel forecasts that the residential segment is expected to show above average growth during the forecast period.

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 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.

This report addresses the following key questions:
Q. 1. What are some of the most promising, high-growth opportunities for the wood and laminate flooring market by application (residential, commercial), product (wood, laminate), and region (North America, Europe, APAC and Rest of the World)?
Q. 2. Which segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q. 4. What are the key factors affecting market dynamics? What are the drivers, challenges and business risks in this market?
Q. 5. What are the business risks and competitive threats in this market?
Q. 6. What are emerging trends in this market and reasons behind them?
Q. 7. What are some changing demands of customers in the market?
Q. 8. What are the new developments in the market? Which companies are leading these developments?
Q. 9. Who are the major players in this market? What strategic initiatives are taken by key players for business growth?
Q. 10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by materials / product substitution?
Q. 11. What M & A activity has occurred in the last 5 years and what is its impact on the industry?

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team.

The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.

Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the wood and laminate flooring raw material suppliers in this market are Panel Processing, Inc., ELS Panels, Hangzhou Dazhi Decorative Paper Co.,Ltd., INEOS Malamines. Wood and laminate flooring is used for making of wood planks, laminate planks. Companies who use wood and laminate flooring for making various parts are Armstrong World Industries, Inc., Mohawk Industries Inc., Shaw Industries, Millstead, and Mannington Mills.

Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

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