Wood and laminate flooring Market Size, Share, Trends, Growth and Forecast 2032

Global Wood and laminate flooring Market Insights

Zion Market Research has published a report on the global Wood and laminate flooring Market, estimating its value at USD 72.18 Billion in 2023, with projections indicating that it will reach USD 117.06 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.52% over the forecast period 2024-2032.

The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Wood and laminate flooring industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

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Wood and laminate flooring are used to cover the floor structure of a building. The wood and laminate flooring is easy to install, cost-effective, durable, hygienic and easy to maintain. Thus, it is a better alternative to conventional flooring. The market size and forecasts in terms of volume (million square feet) and revenue (USD million) for the period 2024 to 2032, considering 2018 as the base year, have been provided for this segment of the report. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2024-2032.

The global wood and laminate flooring market is driven by a combination of factors, such as growing building and construction industry, increased disposable incomes, changing lifestyle and technological developments. However, volatile cost of raw materials is likely to hinder the growth of wood and laminate flooring market. Nonetheless, emerging demand from emerging economies such as Brazil, South Africa, and Russia is likely to open new avenues for wood and laminate flooring market in coming years.

In order to give the users of this report a comprehensive view on the wood and laminate flooring market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the wood and laminate flooring market has also been included. The study encompasses a market attractiveness analysis, wherein application segments are benchmarked based on their market size, growth rate and general attractiveness.

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Global Wood and Laminate Flooring Market: Segmentation

The study provides a decisive view of the wood and laminate flooring market by segmenting the market based on by application and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By application segment analysis includes residential, non-residential and others.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Wood and laminate flooring Market: Report Scope

The global wood and laminate flooring market is segmented on the basis of applications and region. The key applications segment of global wood and laminate flooring market includes residential, non-residential and other applications. Region wise, this market is segmented into North America, Latin America, the Middle East and Africa, Asia Pacific, and Europe. The report also includes further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for malt ingredients market based on individual applications in all the regions and countries.

Out of all the regional segments of the global market, Asia Pacific held the dominant share in the overall wood and laminate flooring market in 2023. Furthermore, owing to rise in disposable income coupled with increase in infrastructure development and urbanization, Asia-Pacific region has been estimated to foresee the largest growth within the forecast period. North America and Europe is also expected to have significant growth in near future.

Wood and laminate flooring Market: Competitive Players

Some of the key players for global wood and laminate flooring market include -

• Armstrong World Industries
• Bruce
• Greenlam Industries
• Flooring Innovations
• Accord Floors
• Home Legend
• Eurotex
• Millstead
• Mohawk
• Westwood
• Pergo and Quick-Step

Wood and laminate flooring Market: Segmentation

Key segments of the global wood and laminate flooring market are as follows:

Wood and Laminate Flooring Market: Application Segment Analysis

• Residential
• Non-Residential
• Others

Wood and Laminate Flooring Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia-Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa