Wood and Laminate Flooring Market Analysis-converted

Wood and Laminate Flooring Market Analysis by Product Type (Wood
Flooring, Laminate Flooring), by Construction Activity (Repair &
Rehabilitation, New Construction), by End user, by Region - Global
Forecast 2022-2032.

United States, Rockville MD: According to the latest report published by
Fact.MR,The global wood and laminate flooring market is estimated at USD
64.8 Billion in 2022 and is forecast to surpass USD 111.6 Billion by 2032,
growing at a CAGR of 5.6% during 2022-2032.

Sales of wood floorings are expected to outsell laminate floorings throughout
the forecast period.

Green Image artifacts are anticipated to drive the demand for wood and
laminate flooring Industry

Green Image artifacts are anticipated to drive the demand for wood and
laminate flooring in the forthcoming years. Drastic environmental conditions in
some regions necessitate the installation of wooden products, as they remain
candid to dynamic environments.

The availability of cost-effective options, such as texturing and embossing the
laminate flooring helps accomplish the looks of ceramic and hardwood tiles.
The introduction of printing technologies is also likely to support growth.
Replacement of older or worn-out carpets from residential and commercial
buildings with hard surfaces, such as wood and laminates, is likely to propel the
growth.

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Which are the dominant countries in the global market for Wood and
Laminate Flooring?

Europe is one of the major suppliers of wood and laminate flooring across the
globe on account of abundant availability of quality raw timber and a large
number of prominent manufacturers. The majority of the regional market is
driven by hardwood owing to a rise in residential applications. Moreover, rising
investments in commercial construction are expected to support regional growth
over the forecast period.

Development of varied anti-slip and bacteria resistant flooring solutions has
increased the demand from the healthcare sector, which in turn affected the
industry, particularly in U.S. Moreover, the American National Standards

Institute (ANSI) and formaldehyde emission standards in California (the CARB
standards) are projected to positively influence the regional product demand in
the forthcoming years.

Global Wood and Laminate Flooring Market Segments

• By Product Type :
o Wood Flooring
o Laminate Flooring

• By End User :
o Residential
o Commercial
o Industrial

• By Construction Activity :
o Repair & Rehabilitation
o New Construction

• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

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5 Key Insights from the Report

• In terms of sales, wood floorings are expected to outsell laminate
floorings throughout the forecast period. By the end of 2026, more than
1,130 million sq. meters of wood floorings are expected to be sold
globally.

• Commercial end-use of wood and laminate floorings is expected to
register fastest volume growth during the forecast period. By the end of
the forecast period, more than 880 million sq. meters of wood and

laminate floorings will be used across commercial spaces. The end-use of
wood and laminate floorings in residential settings is expected to account
for more than one-third share of global market volumes throughout the
forecast period.
• Through 2026, wood and laminate floorings are likely to be used
predominantly for repair and rehabilitation activities. In 2017, more than
900 million sq. meters of wood and laminate floorings sold in the global
market were used for repair and rehabilitation of physical spaces.
• Majority of wood and laminate floorings will be manufactured in the
Asia-Pacific excluding Japan (APEJ) region. The report estimates that the
APEJ region will represent highest contribution to the global wood and
laminate flooring manufacturing over the forecast period.
• The report further reveals that Europe will be the largest market for wood
and laminate floorings throughout the forecast period. By the end of
2026, nearly 790 million sq. meters of wood and laminate floorings are
expected to be sold across European countries. Consumer preferences
towards finished floorings at affordable prices is expected to drive the
growth of Europe’s wood and laminate flooring market during the
forecast period.

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Key Participants Operating in the Wood and Laminate Flooring Industry

• Tarkett, Mannington Mills Inc.
• Mohawk Group
• Abet Inc.
• Berkshire Hathaway Inc.
• Goodfellow Inc.
• Forbo Holding AG
• Armstrong Flooring
• Kronospan Limited
• Kahrs Holding AB
• Bauwerk-Boen

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