The Global Market for Wood Flooring is Projected to Reach 10.3 Billion Square Feet by 2020

Rapid Urbanization & Technology Innovation Drive the Global Wood Flooring Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Wood Flooring.
The global market for Wood Flooring is projected to reach 10.3 billion square feet by 2020, driven by rapid urbanization in emerging markets, and rise in new construction and renovation activity.

Wood flooring remains a popular flooring option worldwide. Wood represents a conventional building material that still continues to find favor among consumers, despite the availability of a wide range of flooring options. The trend is driven by the rising focus on eco-friendly homes. With homeowners focused on balancing the green and stylish quotient of homes, manufacturers of wood flooring have introduced a wide range of products inspired by the world of fashion. The ‘green’ image associated with wood provides the necessary impetus for demand growth. Unlike other flooring options, production of wood flooring consumes relatively lesser energy. Wood flooring production results in lower green-house gas emissions and thus a smaller carbon footprint. With growing concerns over pollution and its impact on the environment, consumers are increasingly seeking building materials that are renewable and environmentally safe. As a result, homeowners, builders, designers, and architects prefer wood flooring. Stringent government regulations calling for mandatory renovation of aging buildings, both residential and commercial, will help drive demand for building materials including wood flooring.

Manufactured floors/engineered flooring is growing in popularity in comparison to solid wood floors. Major factors driving growth in demand for engineered flooring include rising demand for flooring options that can be used in a wider range of applications. Environmentalists are encouraging a reduction in consumption of forest and plantation resources, which is possible with the use of engineered floors. Demand is also increasing for pre-finished wood flooring products that eliminate the need for scrapping and rubbing at the installation site. Most of these products are designed with a self-lock capability to avoid messy glues that take time to cure. Wood flooring is witnessing significant competition from laminate flooring. However, much of the impact of growth in popularity of laminate has been on mosaic wood flooring.

As stated by the new market research report on Wood Flooring, Asia-Pacific represents the largest as well as the fastest growing market worldwide, led by China. Major Asian manufacturers and consumers of wood flooring include China and South-East Asian countries.

Major players in the report include ARK Floors Inc., Armstrong World Industries, Inc., Barlinek SA, BLC Hardwood Flooring, LLC, Boa-Franc, Inc., Boral Limited, Chickasaw Brand Hardwood Flooring, China Flooring Holding Company,  D&M Flooring, Dalian JiaYang Wood Products Co., Ltd., F Junckers Industrier A/S, Johnson Premium Hardwood Flooring, Koetter Woodworking Inc., Kentucky Wood Floors Inc., Mannington Mills Inc., Mohawk Industries Inc., Mullican Flooring Company, Nydree Flooring, Shaw Industries Inc., Anderson Hardwood Floors Inc., Tarkett AG, Tembec Inc., and Weyerhaeuser NR Company, among others.

The research report titled “Wood Flooring: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil, Mexico and Rest of Latin America). Product segments analyzed for the US market include Solid Wood and Engineered Wood.


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