Lucintel Forecasts the Global Wood and Laminate Flooring Market to Reach $50 Billion by 2030
Lucintel Forecasts the Global Wood and Laminate Flooring Market to Reach $50 Billion by 2030
Blog Article
According to the recent study the wood and laminate flooring market is projected to reach an estimated $50 billion by 2030 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by increases in new construction and renovation activities.
A more than 150–page report is developed to understand Trends, opportunities and forecast in wood and laminate flooring market by application (residential, commercial), product (wood, laminate), and region (North America, Europe, APAC and Rest of the World).
Lucintel forecasts that the residential segment is expected to show above average growth during the forecast period.
Within this market, laminate is expected to remain the largest segment. The major factors that will spur growth for this segment during the forecast period are the availability of variety of textures and designs at low prices as compared to wood flooring, and technological advancements like digital printing.
Europe is expected to remain the largest market because most of the European region has a cold climate and wood and laminate flooring helps to maintain warmth in the room. Thus, people mostly prefer wood and laminate flooring in this region. Asia Pacific is expected to witness significant growth over the forecast period because of increasing construction activities in the region.
Mohawk Industries., Shaw Industries, Beaulieu International Group, Armstrong World Industries, Tarkett are the major supplier in the wood and laminate flooring market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056