Wood & Laminate Flooring Market: APEJ Region will Represent Highest Contribution

Floorings are a key amenity for homes, and their presence enhances the natural appearance of physical spaces. Floorings made of wood and laminates are becoming sought-after for providing a traditional look at affordable prices. This report, compiled by Fact.MR, provides in-depth analysis of the global wood and laminate floorings market for the forecast period 2017-2026, offering key  insights on the growth prospects of the markeFact.MR’s new forecast study offers comprehensive analysis on the expansion of the wood and laminate flooring market for the assessment period, 2017-2026. According to the study, the global wood and laminate flooring market is expected to touch a valuation of US$ 8.8 Bn by the end of 2026. Over the forecast period, the global market for wood and laminate floorings is expected to expand at a CAGR of 4.8% in terms of volume.

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The report has estimated that during the forecast period, sales of wood floorings will gain highest traction. By the end of 2026, more than 1,130 million sq. meters of wood floorings are expected to be sold across the globe. On the other hand, laminate floorings will register a steady volume CAGR of 5.6% during the forecast period. Through 2026, the residential end-use of wood and laminate floorings is estimated to account for more than one-third share on global market volumes. Commercial end-use of wood and laminate flooring is expected to gain traction, reflecting highest volume CAGR of 5.2% over 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.

Europe to Represent Largest Market for Wood and Laminate Floorings through 2026

Wood and laminate floorings are widely used across construction activities, but their adoption is set to remain predominant in repair and rehabilitation. By 2026-end, over 1,300 million sq. meters of wood and laminate floorings will be sold globally for repair and rehabilitation activities. The report further reveals that Europe will be the largest adopter of wood and laminate floorings through 2026. While the Asia-Pacific excluding Japan (APEJ) region is expected to register highest production of wood and laminate floorings, their demand is slated to remain high in European countries. By the end of 2026, Europe’s wood and laminate flooring market is expected to register sales of nearly 790 million sq. meters.

Competition Tracking

Leading manufacturers of wood and laminate floorings have been profiled in the report. Companies namely, Tarkett, Mannington Mills, Inc., Mohawk Group, Abet Inc., Berkshire Hathaway Inc., Goodfellow Inc., Forbo Holding AG, Armstrong Flooring, Kronospan Limited, Kahrs Holding AB and Bauwerk-Boen are expected to instrument the global production of wood and laminate flooring through 2026. Majority of these companies are expected to develop floorings with advanced materials made from composite wood and hybrid laminates. In addition, increasing the durability of wood and laminate floorings will remain a key concern for market players in the foreseeable future.

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