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.
The "Global Wooden floor Market Analysis to 2028" 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.
- 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.
- 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.
- 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.
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 2019 to 2028 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.
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
- 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.