What was the market size of the Global Wood Flooring market in 2020?
Wood Flooring Market Overview :
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Wood Flooring Market : size was valued at US$ 35.13 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 5.5% through 2021 to 2027, reaching nearly US$ 51.10 Bn.
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Segmentation :
Major driving factors of the market are changing living standards of the consumers, increasing investment in hotel construction, and growing construction activities, and renovation of existing buildings in the commercial and residential sector across the globe. The growing demand for interiors such as light fixtures & furnishings is expected to boost the wood flooring market in the forecast period. In addition, increasing spending on luxury products and increasing the construction of luxury hotels, parks, and resorts globally are also expected to drives the market growth.
Key Players:
• Bruce Flooring
• Balterio Laminate Flooring
• Beaulieu International Group
• BerryAlloc
• Classen
• Egger
• Formica
• Mannington
• Mohawk
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Primary and secondary research are used to locate industry giants, while primary and secondary research is utilized to determine market revenue. Primary research included in-depth consultation with various opinion leaders and industry professionals such as experienced front-line employees, CEOs, and marketing professionals. Secondary research included a summary of the renowned manufacturers’ annual and financial reports. Secondary sources are utilized to compute percentage splits, market shares, growth rates, and global market breakdowns, which are then checked using primary data. The following are a few companies working in the Wood Flooring industry.
Regional Analysis:
The Wood Flooring study delves into the geographic analysis, which is further subdivided into sub-regions and nations. This portion of the research includes profit estimates as well as market share data for each nation. This section of the research goes through each region’s and country’s share and growth rate during the projected time period.
After examining political, economic, social, and technological aspects impacting the Wood Flooring market in various areas, the research delivers a definitive PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America.
Key Questions Answered in the Wood Flooring Market Report are:
- What is the market potential for Wood Flooring ?
- Which regional market will emerge as a leader in the next years?
- Which application category will see rapid growth?
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