Wood Flooring Market Is Expected to Grow at A High CAGR And Will Reach in Million USD in the Upcoming Year top leading key companies are Armstrong Flooring, Inc., Mannington Mills Inc., Mohawk Industries, Inc., Pergo, Shaw Industries Group

PRESS RELEASE
Published February 17, 2023

Wood Flooring Market report provides a detailed understanding of the Wood Flooring demands from a qualitative and quantitative perspective with a forecast for the next 10 years. The report also provides dynamic indicators with potential impact on the market during the forecast period and an in-depth analysis of the leading companies operating in the Wood Flooring market. The major market drivers, challenges, and opportunities for the Wood Flooring market have also been covered in the report. This report further includes the market share of the leading companies operating in the Wood Flooring markets, their production capacities, and their growth strategies.

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Competitive Landscape

Competitive scenarios of the top players in the Wood Flooring market have been discussed in detail. The leading players in this industry have also been profiled with their recent developments and other strategic industry activities. These top companies include Armstrong Flooring, Inc., Mannington Mills Inc., Mohawk Industries, Inc., Pergo, Shaw Industries Group, Q.E.P. Co.,Wickes Ltd., Home Legend, Somerset Hardwood Flooring, Provenza Floors, Boral Limited, Brumark Total Flooring Solutions and others. 

Key Target Audience:

➣ Manufacturers of Wood Flooring

➣ Traders, distributors, and suppliers of Wood Flooring

➣ Government and regional agencies and research organizations

➣ Investment research firms

Recent Development of market:

  • In June 2022, Mohawk Industries, Inc. has agreed to buy Grupo Industrial Saltillo’s (GIS) Vitromex ceramic tile business for approximately US$ 293 million in cash. Mohawk’s earnings are expected to be boosted by the Vitromex business.
  • May 2022: Somerset Hardwood Flooring, a vertically integrated forest products company based in Somerset, Kentucky, has been acquired by Swiss-based Bauwerk Group AG. According to estimates, the acquisition will help Bauwerk Group AG strengthen its position and image in the North American flooring market. Somerset Hardwood Flooring has a well-established brand and market position in the United States, thanks to a strong presence in the necessary sales channels.

Wood Flooring Market Growth Factors

  • Increased emphasis on use of green and eco-friendly material, such as wood, and fluctuation in foreign currencies affect profit margins, which are estimated to impede the global wooden floor market.

Wood Flooring Market Segment Analysis

  • By Product (Solid Wood and Engineered Wood)
  • By Distribution Channel (Home Centers, Flagship Stores, Retail Stores, Online and Others)
  • By End Use Industry (Residential, Commercial and Industrial)

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Regional Analysis:

Major regions for Wood Flooring market is estimated to North America, Western Europe, and Asia Pacific. North America and Western Europe have been traditional markets for Wood Flooring owing to strong presence of industrial sector. The industrial sector has been one of the key contributors to the economies in these regions.

➸ North America (United States, Canada and Mexico)

 Europe (Germany, UK, France, Italy, Russia and Turkey, Rest of Europe)

➸ Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam Rest of Asia)

➸ South America (Brazil, Argentina, Columbia, Reset of South America)

➸ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and Rest of South Africa & Middle East)

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Objectives of this report:

➥ To estimate market size for Wood Flooring market on regional and global basis.

➥ To identify major segments in Wood Flooring market and evaluate their market shares and demand.

➥ To provide a competitive scenario for the Wood Flooring market with major developments observed by key companies in the historic years.

➥ To evaluate key factors governing the dynamics of Wood Flooring market with their potential gravity during the forecast period.

Reasons to Buy This Report:

  • Provides niche insights for decision about every possible segment helping in Wood Flooring making process.
  • Market size estimation of the Wood Flooring market on a regional and global basis.
  • A unique research design for market size estimation and forecast.
  • Identification of major companies operating in the market with related developments.
  • Exhaustive scope to cover all the possible segments helping every stakeholder in the Wood Flooring.

Major Points Covered in TOC:

Market Summary: It incorporates six sections, research scope, major players covered, market segments by type, Wood Flooring market segments by application, study goals and years considered.

Market Landscape: Here, the global Wood Flooring Market is dissected, by value, income, volume, market rate, and most recent patterns. The development and consolidation of the overall industry and top organizations is provided through graphs and pieces of the pie for organizations.

Profiles of Companies: Here, driving players of the worldwide Wood Flooring market are considered depending on sales across regions, key innovations, net income, cost, and other factors.

Market Status and Outlook by Region: In this segment, the report examines the net deals, income, creation and portion of the overall industry, CAGR and market size by locale. The global Wood Flooring Market is profoundly examined based on areas and nations like North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Segment Analysis: Accurate and reliable foretelling about the market share of the essential sections of the Wood Flooring market is provided

Market Forecasts: In this section, accurate and validated values of the total market size in terms of value and volume are provided by the research analysts. Also, the report includes production, consumption, sales, and other forecasts for the global Wood Flooring

Market Trends: Deep dive analysis of the market’s recent and future trends are provided in this section.

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