MARKET OVERVIEW
Flooring is one of the most structurally important, aesthetically pleasing, and long-lasting components of any structure. With the increased foot traffic, floors will quickly wear down if not properly maintained, which is why flooring is essential in a building for both maintenance and raising the value of both residential and non-residential properties. New construction, renovation, and retrofitting activities for buildings, as well as infrastructure, all affect market growth and are expected to propel the wooden floor market forward during the forecast period.
MARKET SCOPE
The "Global Wooden floor Market Analysis to 2031" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of the wooden floor market with detailed market segmentation by wood type, application, and geography. The report provides key statistics on the market status of the leading wooden floor market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on wood type, the global wooden floor market is segmented into solid wood and engineered wood.
- On the basis of application, the market is segmented into residential and commercial.
MARKET DYNAMICS
Drivers:
- New construction, renovation, and retrofitting activities for buildings, as well as infrastructure, all affect market growth and are expected to propel the wooden floor market forward during the forecast period.
- Furthermore, key market players use various strategies to strengthen their market position, such as business expansion and acquisition, which helps the market grow.
Restraints:
- Increased focus on the use of green and eco-friendly materials, such as wood, and currency fluctuations, on the other hand, have an effect on profit margins, which are expected to restrain the global wooden floor market.
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REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The wooden floor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wooden floor market in these regions.
IMPACT OF COVID-19 ON WOODEN FLOOR MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The wooden floor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the wooden floor market in these regions.
IMPACT OF COVID-19 ON WOODEN FLOOR MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the wooden floor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from wooden floor market are anticipated to lucrative growth opportunities in the future with the rising demand for wooden floor in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the wooden floor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Armstrong World Industries
- Boral Limited
- Beaulieu International Group N.V.
- Burke Flooring
- Kronospan
- Mohawk Industries
- Mannington Mills
- Nature Home Holding Company Limited
- Shaw Industries Group, Inc
- Tarkett S.A.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Wooden Floor Market - By Wood Type
1.3.2 Wooden Floor Market - By Application
1.3.3 Wooden Floor Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. WOODEN FLOOR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. WOODEN FLOOR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. WOODEN FLOOR MARKET - GLOBAL MARKET ANALYSIS
6.1. WOODEN FLOOR - GLOBAL MARKET OVERVIEW
6.2. WOODEN FLOOR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. WOODEN FLOOR MARKET - REVENUE AND FORECASTS TO 2028 - WOOD TYPE
7.1. OVERVIEW
7.2. WOOD TYPE MARKET FORECASTS AND ANALYSIS
7.3. SOLID WOOD
7.3.1. Overview
7.3.2. Solid Wood Market Forecast and Analysis
7.4. ENGINEERED WOOD
7.4.1. Overview
7.4.2. Engineered Wood Market Forecast and Analysis
8. WOODEN FLOOR MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. RESIDENIAL
8.3.1. Overview
8.3.2. Residenial Market Forecast and Analysis
8.4. COMMERCIAL
8.4.1. Overview
8.4.2. Commercial Market Forecast and Analysis
9. WOODEN FLOOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Wooden Floor Market Overview
9.1.2 North America Wooden Floor Market Forecasts and Analysis
9.1.3 North America Wooden Floor Market Forecasts and Analysis - By Wood Type
9.1.4 North America Wooden Floor Market Forecasts and Analysis - By Application
9.1.5 North America Wooden Floor Market Forecasts and Analysis - By Countries
9.1.5.1 United States Wooden Floor Market
9.1.5.1.1 United States Wooden Floor Market by Wood Type
9.1.5.1.2 United States Wooden Floor Market by Application
9.1.5.2 Canada Wooden Floor Market
9.1.5.2.1 Canada Wooden Floor Market by Wood Type
9.1.5.2.2 Canada Wooden Floor Market by Application
9.1.5.3 Mexico Wooden Floor Market
9.1.5.3.1 Mexico Wooden Floor Market by Wood Type
9.1.5.3.2 Mexico Wooden Floor Market by Application
9.2. EUROPE
9.2.1 Europe Wooden Floor Market Overview
9.2.2 Europe Wooden Floor Market Forecasts and Analysis
9.2.3 Europe Wooden Floor Market Forecasts and Analysis - By Wood Type
9.2.4 Europe Wooden Floor Market Forecasts and Analysis - By Application
9.2.5 Europe Wooden Floor Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Wooden Floor Market
9.2.5.1.1 Germany Wooden Floor Market by Wood Type
9.2.5.1.2 Germany Wooden Floor Market by Application
9.2.5.2 France Wooden Floor Market
9.2.5.2.1 France Wooden Floor Market by Wood Type
9.2.5.2.2 France Wooden Floor Market by Application
9.2.5.3 Italy Wooden Floor Market
9.2.5.3.1 Italy Wooden Floor Market by Wood Type
9.2.5.3.2 Italy Wooden Floor Market by Application
9.2.5.4 United Kingdom Wooden Floor Market
9.2.5.4.1 United Kingdom Wooden Floor Market by Wood Type
9.2.5.4.2 United Kingdom Wooden Floor Market by Application
9.2.5.5 Russia Wooden Floor Market
9.2.5.5.1 Russia Wooden Floor Market by Wood Type
9.2.5.5.2 Russia Wooden Floor Market by Application
9.2.5.6 Rest of Europe Wooden Floor Market
9.2.5.6.1 Rest of Europe Wooden Floor Market by Wood Type
9.2.5.6.2 Rest of Europe Wooden Floor Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Wooden Floor Market Overview
9.3.2 Asia-Pacific Wooden Floor Market Forecasts and Analysis
9.3.3 Asia-Pacific Wooden Floor Market Forecasts and Analysis - By Wood Type
9.3.4 Asia-Pacific Wooden Floor Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Wooden Floor Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Wooden Floor Market
9.3.5.1.1 Australia Wooden Floor Market by Wood Type
9.3.5.1.2 Australia Wooden Floor Market by Application
9.3.5.2 China Wooden Floor Market
9.3.5.2.1 China Wooden Floor Market by Wood Type
9.3.5.2.2 China Wooden Floor Market by Application
9.3.5.3 India Wooden Floor Market
9.3.5.3.1 India Wooden Floor Market by Wood Type
9.3.5.3.2 India Wooden Floor Market by Application
9.3.5.4 Japan Wooden Floor Market
9.3.5.4.1 Japan Wooden Floor Market by Wood Type
9.3.5.4.2 Japan Wooden Floor Market by Application
9.3.5.5 South Korea Wooden Floor Market
9.3.5.5.1 South Korea Wooden Floor Market by Wood Type
9.3.5.5.2 South Korea Wooden Floor Market by Application
9.3.5.6 Rest of Asia-Pacific Wooden Floor Market
9.3.5.6.1 Rest of Asia-Pacific Wooden Floor Market by Wood Type
9.3.5.6.2 Rest of Asia-Pacific Wooden Floor Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Wooden Floor Market Overview
9.4.2 Middle East and Africa Wooden Floor Market Forecasts and Analysis
9.4.3 Middle East and Africa Wooden Floor Market Forecasts and Analysis - By Wood Type
9.4.4 Middle East and Africa Wooden Floor Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Wooden Floor Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Wooden Floor Market
9.4.5.1.1 South Africa Wooden Floor Market by Wood Type
9.4.5.1.2 South Africa Wooden Floor Market by Application
9.4.5.2 Saudi Arabia Wooden Floor Market
9.4.5.2.1 Saudi Arabia Wooden Floor Market by Wood Type
9.4.5.2.2 Saudi Arabia Wooden Floor Market by Application
9.4.5.3 U.A.E Wooden Floor Market
9.4.5.3.1 U.A.E Wooden Floor Market by Wood Type
9.4.5.3.2 U.A.E Wooden Floor Market by Application
9.4.5.4 Rest of Middle East and Africa Wooden Floor Market
9.4.5.4.1 Rest of Middle East and Africa Wooden Floor Market by Wood Type
9.4.5.4.2 Rest of Middle East and Africa Wooden Floor Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Wooden Floor Market Overview
9.5.2 South and Central America Wooden Floor Market Forecasts and Analysis
9.5.3 South and Central America Wooden Floor Market Forecasts and Analysis - By Wood Type
9.5.4 South and Central America Wooden Floor Market Forecasts and Analysis - By Application
9.5.5 South and Central America Wooden Floor Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Wooden Floor Market
9.5.5.1.1 Brazil Wooden Floor Market by Wood Type
9.5.5.1.2 Brazil Wooden Floor Market by Application
9.5.5.2 Argentina Wooden Floor Market
9.5.5.2.1 Argentina Wooden Floor Market by Wood Type
9.5.5.2.2 Argentina Wooden Floor Market by Application
9.5.5.3 Rest of South and Central America Wooden Floor Market
9.5.5.3.1 Rest of South and Central America Wooden Floor Market by Wood Type
9.5.5.3.2 Rest of South and Central America Wooden Floor Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. WOODEN FLOOR MARKET, KEY COMPANY PROFILES
11.1. ARMSTRONG WORLD INDUSTRIES
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BORAL LIMITED
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BEAULIEU INTERNATIONAL GROUP N.V.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. BURKE FLOORING
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KRONOSPAN
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MOHAWK INDUSTRIES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MANNINGTON MILLS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NATURE HOME HOLDING COMPANY LIMITED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SHAW INDUSTRIES GROUP, INC
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TARKETT S.A.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
1.Armstrong World Industries
2.Boral Limited
3.Beaulieu International Group N.V.
4.Burke Flooring
5.Kronospan
6.Mohawk Industries
7.Mannington Mills
8.Nature Home Holding Company Limited
9.Shaw Industries Group, Inc
10.Tarkett S.A.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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