Fresh Perspectives on the Global Wood FlooringMarket to Get Your Business Strategy Ready
World market for Wood Flooring is projected to reach 16.2 billion square feet by 2024, driven by the steady global recovery in construction projects over the last couple of years in most countries worldwide; growing concerns over the environment and the ensuing preference for wood as a green building material given its lower carbon footprint and renewable characteristics when harvested through sustainable forest management practices.
Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Wood Flooringmarket. Report segmentation includes Product Segment (Engineered Wood, Solid Wood); End-Use (Residential, Industrial, Commercial).
10 June 10:09 A.M., California/Marketwire/ - According to the new market research report, World market for Wood Flooring is projected to reach 16.2 billion square feet by 2024, driven by the steady global recovery in construction projects over the last couple of years in most countries worldwide; growing concerns over the environment and the ensuing preference for wood as a green building material given its lower carbon footprint and renewable characteristics when harvested through sustainable forest management practices. The global Wood Flooring market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.
Benefits of wood flooring that makes it a special favorite among homeowners include easy maintenance and durability; enhances indoor air quality (IAQ) by repelling dust, animal dander, pollen, mould and mildew; flaunts a versatile classy elegance that complements almost any interior design theme; improves acoustics in a home by reducing hollow sounds and vibrations; comes available in a wide choice of wood species in myriad colors; as a poor conductor of heat it absorbs less heat and allows more circulation of heat resulting in reduced energy bills; and helps enhance the rental value and sale price of homes. Other major factors driving growth include stringent government regulations calling for mandatory renovation of aging buildings; growing demand for hard wearing and natural-looking floors; development of easy to install wood flooring designs such as standard angle locking technology, glueless-click lock installation, snap and lock installation; growing popularity of factory finished hardwood flooring for its lower risk of stains and discolorations associated with onsite finishing and longer durability; rising commercial value of solid wood parquet flooring for its anti-allergy flooring characteristics; and widening product choices in terms of colors, textures, patterns, strength, and wood floors manufactured from a variety of rare and exclusive wood species.
Key Competitors Covered in the Report
A&W (Shanghai) Woods Co. Ltd.
ARK Floors Inc.
Beaulieu International Group
British Hardwoods Flooring
Dalian JiaYang Wood Products Co. Ltd.
Engineered Floors LLC
Mannington Mills Inc.
Mohawk Industries Inc.
Mullican Flooring LP
Nature Home Holding Company Limited
Power Dekor Group Co. Ltd.
Shaw Industries Group Inc.
Somerset Hardwood Flooring
Tarkett S. A.
Geographies Analyzed in the Report
Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe)
Asia-Pacific (Australia, India, South Korea, and Rest of Asia-Pacific)
Latin America (Argentina, Brazil, Mexico, and Rest of Latin America)
Middle East (Iran, Israel, Saudi Arabia, United Arab Emirates, and Rest of Middle East)
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. All analysis and findings published in the report are based on validated engagements from a total executive pool size of 1259. Among this pool, 227 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 52 unique participations, a total of 23 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world's only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.