Press Release

Wood Flooring Market Shares and Demand Analysis to 2027 | Future Scope, Industry Share and Forecast to 2027

Summary:

Some of the key players in the wood flooring market such as Mohawk Industries, Inc. (U.S.), Armstrong Flooring, Inc. (U.S.), Shaw Industries Group, Inc. (U.S.), LL Flooring (U.S.), Connor Sports (U.S.), and others.

The global wood flooring market size is expected to showcase considerable growth by reaching USD 41,682.2 million by 2027. This is attributable to the increasing government support to promote wood products for construction activities and the surging demand for consumer-friendly building designs that propel the demand for advanced solutions globally. This information is published by Fortune Business Insights, in its latest report, titled, “Wood Flooring Market Size, Share & COVID-19 Impact Analysis, By Application (Residential and Commercial), and Regional Forecast, 2020-2027.” The report mentions that the market stood at USD 33,279.5 million in 2019 and is likely to exhibit a CAGR of 3.6% between 2020 and 2027.

Get Sample PDF Brochure (Includes COVID-19 Impact Analysis):

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/wood-flooring-market-104011

Refurbishment of Home Spaces amid COVID-19 to Augment Growth

The novel coronavirus has halted the construction activities owing to the government guidelines to maintain social distancing. With people confined at their home spaces, home renovation activities have gained momentum. This is expected to favor the growth of the global market in the forthcoming years.

What does the Report Include?

The market report includes a detailed assessment of various drivers and restraints, opportunities, and challenges that the market will face during the projected horizon. Additionally, the report provides comprehensive insights into the regional developments of the market, affecting its growth during the forecast period. It includes information sourced from the advice of expert professionals from the industry by our research analysts using several research methodologies. The competitive landscape offers further detailed insights into strategies such as product launches, partnership, merger and acquisition, and collaborations adopted by the companies to maintain market stronghold between 2020 and 2027.

DRIVING FACTORS

Increasing Government Support to Promote Wooden Products to Surge Demand

The extensive adoption of constructional products such as gravel, cement, steel, and plastic leads to environmental stress. The growing demand for the adoption of sustainable products is propelling the government to promote wood products that are natural and easily decomposable. This is expected to drive the demand for advanced wood flooring solutions across the globe. In addition to this, the adoption of consumer-friendly design that appeals aesthetically is anticipated to bode well for the growth of the global market in the forthcoming years.

SEGMENTATION:

Residential Segment to Hold Major Market Share

The residential segment, based on application, is expected to showcase significant growth owing to the increasing demand for lumber-based wood flooring products for the residential projects across the globe.

REGIONAL INSIGHTS

Favorable Government Policies to Promote Wood Products in Asia-Pacific to Aid Growth

Among all the regions, Asia-Pacific stood at USD 19,665.1 million in 2019 and is expected to hold the largest global wood flooring market share in terms of revenue in the forthcoming years. This is attributable to the favorable government policies that promote the adoption of wood as raw materials in the construction industry in the region.

The market in Europe is expected to experience a significant growth backed by the growing focus of companies to develop heat compatible wood flooring products in the region between 2020 and 2027.

COMPETITIVE LANDSCAPE:

Key Players Focus on Partnerships to Expand Their Product Portfolio

The global wood flooring market is fragmented by the presence of major companies that focus on establishing partnerships to expand their wood flooring portfolio and gain a competitive edge over their rivals. The other key players are adopting strategies such as collaboration, the introduction of new products, and merger and acquisition that will contribute to the market growth in the forthcoming years.

Industry Development:

  • January 2020 – Junckers Industrier A/S announced its association with Turkish Airlines EuroLeague Final Four by becoming its official partner. The company informs that according to the partnership it will provide A3 Premium Portable Sports Wood Flooring that is produced by using beech timber and has received a FIBA Level 1 approval.

Browse Complete Summary of This Research:

https://www.fortunebusinessinsights.com/wood-flooring-market-104011

List of the Companies Operating in the Global Market:

  • Mohawk Industries, Inc. (U.S.)
  • Armstrong Flooring, Inc. (U.S.)
  • Shaw Industries Group, Inc. (U.S.)
  • LL Flooring (U.S.)
  • Junckers Industrier A/S (Denmark)
  • British Hardwoods (UK)
  • Connor Sports (U.S.)
  • Tarkett S.A. (France)
  • Boral (Australia)
  • Daiken Corporation (Japan)
  • Kährs Holding AB (Sweden)
  • Barlinek S.A. (Poland)

Read Related News:

Wood Flooring Market Trends, Shares, and Forecast 2027

https://thejillist.com/story9667386/wood-flooring-market-size-industry-share-revenue-and-forecast-2027

https://bookmark2you.com/article/691/271/glass-curtain-wall-market-size-growth-global-report-2020-2027

https://210list.com/story9661464/graphene-market-trends-shares-and-forecast-2027

https://bookmarkspy.com/story9670981/styrenic-block-copolymer-market-trends-shares-and-forecast-2028

https://socials360.com/story9666036/acetone-market-trends-shares-and-forecast-2027

https://health-lists.com/story9662363/n-propanol-market-size-outlook-business-opportunities-to-2028

https://wearethelist.com/story9668089/fungicides-market-trends-by-fortune-business-insights-2027

https://sirketlist.com/story9663893/silica-flour-market-business-overview-2027

https://social-lyft.com/story9657515/soup-market-size-trends-and-forecast-2027

https://nimmansocial.com/story9671282/acetone-market-growth-industry-size-insights-and-forecast-2027

About Us:

Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

LinkedIn: https://www.linkedin.com/company/fortune-business-insights

Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd

Twitter: https://twitter.com/FBInsightPvtLtd

Tags

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close