However, factors such as availability of raw materials and their price volatility are expected to hamper growth of the wood and laminate
flooring market.Wood is a major raw material for wood flooring whose availability is affected by the environmental regulations related to
deforestation in the major wood-producing regions. Additionally, decreasing profit margins due to the rising cost of raw materials is
expected to restrain the market growth. Increasing demand from emerging economies such as Brazil, South Africa, and Russia is expected
to provide an important opportunity for the market’s growth.
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Asia Pacific dominated the wood and laminate flooring market in terms of consumption and revenue. The region is experiencing strong
growth in the building and construction industry which in turn,is driving the demand for wood and laminate flooring higher. The demand in
the region is driven by increase in per capita income and changing lifestyle of the consumers. Asia Pacific was followed by North America
and Europe in terms of demand. North America and Europe are expected to grow at a moderate growth rate during the forecast period.
The global wood and flooring market is moderately fragmented with no clear leaders.The major players are investing significantly in
research and development activities to improve their manufacturing processes, and develop new productsin order to widen the application
and end-use area of wood and laminates in flooring. Some of the key players operating in the wood and laminate flooring market include:
Fausfloor, Home Legend, Millstead, Pergo, and Wickes.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
This report provides comprehensive analysis of
Market growth drivers
Factors limiting market growth