Wood and Laminate Flooring Market – Global Industrial Analysis and Forecast (2022-2029)

Wood and Laminate Flooring Market is expected to reach US$ 106.01 Bn. by 2029, at a CAGR of 5.34% during the forecast period.

Wood and Laminate Flooring Market Introduction

In the building and construction business, wood and laminates play an important role. In general, wood is obtained from forestry firms, which are largely regulated by government agencies. Thermosetting resins, on the other hand, are used to make laminates, which are cured with chemicals like acetaldehyde. Because of the natural finish and inexpensive prices, retailers prefer hardwood, softwood, engineered wood, and laminate flooring. In addition, because of their ease of maintenance, textured laminates in a range of shades are used in retail outlets. Wood and Laminate Flooring Market To know about the Research Methodology :- Request Free Sample Report

Wood and Laminate Flooring Market Dynamics

Wood and laminate floors are expected to grow in popularity due to factors such as their classy appearance and simplicity of upkeep. Laminate flooring now looks more realistic thanks to advancements in design and printing technology, which has boosted its popularity among consumers all over the world. In addition, technological developments in engineered wood flooring have contributed to the rising demand for the product. Because of customer awareness of the product's benefits, the United States is expected to continue to see strong demand for wood and laminate flooring goods. Furthermore, rising industrial development activities, such as work floors, assembly points, and collection facilities, are expected to promote product demand. Increased demand for single-family housing units is expected to boost the market's expansion. The ease of installation and the requirement of relatively less-skilled labor when compared to alternative materials are expected to drive demand for wood and laminate flooring. Furthermore, these materials are long-lasting and simple to install on a variety of floors with only a few tools, making them ideal for DIY projects. Increasing consumer preferences for aesthetics, as well as increased building investments, are expected to have a favorable impact on the market throughout the forecast period. Product demand is expected to be fueled by the growth of the residential and commercial construction segments, as well as population growth. Laminate flooring is gaining popularity as a low-cost alternative to hardwood flooring that does not sacrifice aesthetics. This element is also expected to have a beneficial impact on market growth in the following years. Natural wood species such as oak, teak, maple, rosewood, walnut, bamboo, and others are used to create wood and laminate flooring, which provides a high degree of versatility. These floors are stain-resistant and require very little upkeep. Growing environmental concerns have had a significant impact on the wood and laminate flooring markets.

Wood and Laminate Flooring Market Segment Analysis

Engineered, deck, and solid wood floors are commonly utilized to improve the beauty of residential and business facilities. Engineered hardwood flooring is becoming more popular as a result of the ease with which designs may be customized and the availability of a wide range of wood species to complement the aesthetics. Furthermore, engineered wood is less expensive than solid wood floors. Because of its advanced and increased qualities such as durability, abrasion resistance, and dimensional precision, deck flooring is considered an elite segment. Due to their dynamic applicability and remarkable durability, white wood and red oak-based goods have maintained their legacy over the decades. Increased commercial construction across major geographies is expected to boost the market growth. Solid wood flooring comes in a range of styles and species, including maple, cork, bamboo, and walnut. Because of its growing commercial usage in hotels, spas, restaurants, theatres, and other public spaces, the market for such flooring is expected to rise. Due to significant demand for residential structures in cold parts of Europe and North America, the residential application accounted for a market share of xx% in 2021. The increasing trend of single-family home construction in developed nations is expected to stimulate product demand even further. Market growth is expected to be supported by an increase in commercial constructions around the world as a result of advances in the tourism sector, as well as increasing industrial productivity. In the coming years, major commercial structures such as hotels, restaurants, theatres, museums, sports arenas, and executive offices are expected to increase demand for wood and laminate flooring.

Wood and Laminate Flooring Market Regional Insights

Infrastructure development and rapid urbanization contributed to a market revenue of USD billion in the Asia Pacific in 2021. The market is expected to be supported by the increased construction of residential and commercial buildings to meet the growing population's housing needs. Factors such as rising income levels and increased home improvement spending are expected to fuel regional product demand even more. Over the forecast period, growing construction projects in Brazil, Russia, India, and China (BRIC) countries are expected to open up new growth opportunities. On the basis of developments in its commercial construction segment, China is expected to maintain its lead in terms of consumption in the region. Because of the abundant availability of high-quality raw wood and a large number of reputable manufacturers, Europe is one of the world's leading suppliers of wood and laminate flooring. Due to an increase in residential applications, hardwood is driving the majority of the regional market. In addition, rising commercial construction investments are expected to support regional growth over the forecast period. The development of various anti-slip and bacteria-resistant flooring solutions has increased demand from the healthcare sector, which has impacted the industry, especially in the healthcare sector in the US. A huge number of companies in Europe and the Asia Pacific make and supply goods for residential, commercial, and industrial flooring. They also place a premium on obtaining high-quality raw wood in order to remain competitive. Furthermore, to complement their offers, industry competitors offer installation and maintenance services.

Wood and Laminate Flooring Market Scope: Inquire before buying

Global Wood and Laminate Flooring Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2029
Historical Data: 2017 to 2021 Market Size in 2021: US$ 69.92 Bn.
Forecast Period 2022 to 2029 CAGR: 5.34% Market Size in 2029: US$ 106.01 Bn.
Segments Covered: by Product • Wood Flooring • Laminate Flooring
by Application • Residential • Commercial • Industrial

Wood and Laminate Flooring Market, by Region

• North America • Europe • South America • MEA • Asia Pacific

Wood and Laminate Flooring Market Key Players

Mohawk Industries, Inc. • Tarkett SA • Armstrong World Industries, Inc. • Shaw Industries, Inc. • Mannington Mills, Inc. • Beaulieu International Group • Home Legend • Fausfloor • Pergo • Millstead • Wickes • Abet Inc. • Berkshire Hathaway Inc. • Goodfellow Inc • Forbo Holding AG • Kronospan Limited • Kahrs Holding AB • Bauwerk-Boen Frequently Asked Questions: 1. Which region has the largest share in Global Wood and Laminate Flooring Market? Ans: Asia Pacific region holds the highest share in 2021. 2. What is the growth rate of Global Wood and Laminate Flooring Market? Ans: The Global Wood and Laminate Flooring Market is growing at a CAGR of 5.34% during forecasting period 2022-2029. 3. What is scope of the Global Wood and Laminate Flooring market report? Ans: Global Wood and Laminate Flooring Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Wood and Laminate Flooring market? Ans: The important key players in the Global Wood and Laminate Flooring Market are – Mohawk Industries, Inc., Tarkett SA, Armstrong World Industries, Inc., Shaw Industries, Inc., Mannington Mills, Inc., Beaulieu International Group, Home Legend, Fausfloor, Pergo, Millstead, Wickes, Abet Inc., Berkshire Hathaway Inc., Goodfellow Inc, Forbo Holding AG, Kronospan Limited, Kahrs Holding AB, and Bauwerk-Boen 5. What is the study period of this market? Ans: The Global Wood and Laminate Flooring Market is studied from 2021 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Wood and Laminate Flooring Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2021 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Wood and Laminate Flooring Market 3.4. Geographical Snapshot of the Wood and Laminate Flooring Market, By Manufacturer share 4. Global Wood and Laminate Flooring Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Wood and Laminate Flooring Market 5. Supply Side and Demand Side Indicators 6. Global Wood and Laminate Flooring Market Analysis and Forecast, 2021-2029 6.1. Global Wood and Laminate Flooring Market Size & Y-o-Y Growth Analysis. 7. Global Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 7.1.1. Wood Flooring 7.1.2. Laminate Flooring 7.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 7.2.1. Residential 7.2.2. Commercial 7.2.3. Industrial 8. Global Wood and Laminate Flooring Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 9.1.1. Wood Flooring 9.1.2. Laminate Flooring 9.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 9.2.1. Residential 9.2.2. Commercial 9.2.3. Industrial 10. North America Wood and Laminate Flooring Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 12. Canada Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 13. Mexico Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 14. Europe Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 15. Europe Wood and Laminate Flooring Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 17. France Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 18. Germany Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 19. Italy Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 20. Spain Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 21. Sweden Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 22. CIS Countries Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 23. Rest of Europe Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 24. Asia Pacific Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 25. Asia Pacific Wood and Laminate Flooring Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 27. India Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 28. Japan Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 29. South Korea Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 30. Australia Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 31. ASEAN Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 32. Rest of Asia Pacific Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 33. Middle East Africa Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 34. Middle East Africa Wood and Laminate Flooring Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 36. GCC Countries Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 37. Egypt Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 38. Nigeria Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 39. Rest of ME&A Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 40. South America Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 41. South America Wood and Laminate Flooring Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 43. Argentina Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 44. Rest of South America Wood and Laminate Flooring Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Product, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Wood and Laminate Flooring Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile: Key Players 45.3.1. Mohawk Industries, Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. Tarkett SA 45.3.3. Armstrong World Industries, Inc. 45.3.4. Shaw Industries, Inc. 45.3.5. Mannington Mills, Inc. 45.3.6. Beaulieu International Group 45.3.7. Home Legend 45.3.8. Fausfloor 45.3.9. Pergo 45.3.10. Millstead 45.3.11. Wickes 45.3.12. Abet Inc. 45.3.13. Berkshire Hathaway Inc. 45.3.14. Goodfellow Inc 45.3.15. Forbo Holding AG 45.3.16. Kronospan Limited 45.3.17. Kahrs Holding AB 45.3.18. Bauwerk-Boen 45.3.19. Other Key Players

About This Report

Report ID 105200
Category Engineering Equipment
Published Date June 2022
Updated Date
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