Market Highlights

The growth in the construction industry and the renovation projects in developed countries driving huge opportunities for the growth of the market. Wooden floor is used for horizontal elements of building, infrastructure elements and much more. Various types of wood are used to make a wooden floor. Growing demand for environmentally sustainable as well as low maintenance building products is also expected to generate growth opportunities for the market. However, availability of substitutes such as tiles may restrict the growth of the market.

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Market Research Analysis

For the purpose of this study, the global wooden floor market has been divided into two segments such as by type and by end user. On the basis of type, the market has been segmented as solid hardwood floor, engineered floor, bamboo floor, laminate floor and others. Among the type, solid hardwood floor accounts the largest market share. Pressure-treated wood is durable and long lasting. It is well known for its endurance. It possesses a greater hardness compared to other, which have enabled customer preference toward it. The product is widely adopted in residential buildings for living rooms, dining rooms, bed rooms and others.

On the basis of end-user, the market has been segmented as residential and non-residential. Residential dominates the application segment of the market and is expected to grow at a highest CAGR during the forecast period. Rise in demand for wooden floor across the residential segment, attributed to changing consumer lifestyle and increased consumer disposable income. Moreover, owing to growing demand across the construction industry and increased home improvement and renovation projects also fuel the demand of the market in residential applications. Non-residential application is expected to contribute significantly during the forecast period mainly due to increase in hospitality, corporate offices, education, and retail sector.

Key Players

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