Wood and Laminate Flooring Market Size, Share, Trends and Forecast 2016
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- Date Submitted: 01/29/2016 01:27 AM
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The global wood & laminate flooring market is expected to reach USD 92.64 billion by 2020. Technological advancements have led to the development of new innovative products and do-it-yourself (DIY) installation techniques, which has substantially widened the scope across residential as well as commercial flooring applications. Increasing demand in the new construction and home improvement sectors is expected to be the key driving force for the wood & laminate flooring market over the forecast period.
Raw material costs have had a significant impact on the wood & laminate flooring industry. The volatile prices of wood and other raw materials and the increasing costs of production are expected to challenge wood & laminate flooring industry growth over the forecast period. Stringent laws and regulations against deforestation by governments across the globe and the consequent need of imports of raw materials have shrunk manufacturers' profits to a large extent. Increasing concern over environmental impact has considerably affected the wood & laminate flooring market.
Browse Detail Report With TOC @ http://www.hexareports.com/report/wood-and-laminate-flooring-market-analysis-by-product-wood-flooring-laminate-flooring-by-application-residential-commercial-industrial-and-segment-forecasts-to-2020/details
Further key findings from the study suggest:
Engineered wooden floors have gained prominence over the last few years owing to favorable characteristics such as cost-effectiveness, exclusiveness, and dimensional stability. Solid wood constitutes a significant market share owing to its moderate price, albeit installation and finishing considerably increase the total time and cost requirements. Although a vast majority of the market is comprised of hardwood species, softwood flooring is used in niche applications.
Wood & laminate flooring is primarily preferred in residential applications with residential replacement generating significant demand. Residential...
Raw material costs have had a significant impact on the wood & laminate flooring industry. The volatile prices of wood and other raw materials and the increasing costs of production are expected to challenge wood & laminate flooring industry growth over the forecast period. Stringent laws and regulations against deforestation by governments across the globe and the consequent need of imports of raw materials have shrunk manufacturers' profits to a large extent. Increasing concern over environmental impact has considerably affected the wood & laminate flooring market.
Browse Detail Report With TOC @ http://www.hexareports.com/report/wood-and-laminate-flooring-market-analysis-by-product-wood-flooring-laminate-flooring-by-application-residential-commercial-industrial-and-segment-forecasts-to-2020/details
Further key findings from the study suggest:
Engineered wooden floors have gained prominence over the last few years owing to favorable characteristics such as cost-effectiveness, exclusiveness, and dimensional stability. Solid wood constitutes a significant market share owing to its moderate price, albeit installation and finishing considerably increase the total time and cost requirements. Although a vast majority of the market is comprised of hardwood species, softwood flooring is used in niche applications.
Wood & laminate flooring is primarily preferred in residential applications with residential replacement generating significant demand. Residential...