Wood and laminate flooring is covering of floor structure with a wood or laminate material to provide a walking surface. It is the process of providing smooth and durable levelled surface. Wood and laminate flooring offers hard, durable and strong surface to withstand the loads over it. Laminate provides natural color, grain and texture of real hardwood, while being easy-to-install and maintain. Laminate offers features such as durability, resistance to staining, scratches, wear and fading. Advancements in designing and printing technology have increased the demand for wood and laminate flooring for designing of spaces.
The increasing construction of new structures, renovation, and remodelling of existing buildings primarily drives the growth of the wood and laminate flooring market. The increasing use of wood and laminate flooring in commercial infrastructures further augments market growth. The increasing investments by organizations for enhancing commercial, industrial, and public spaces increases the adoption of wood and laminate flooring market. The growth in urban population, and increasing industrialization accelerates the growth of the wood and laminate flooring market. Other factors driving the market include increasing disposable income, design, and aesthetics. Growing demand from emerging economies, and development of green and sustainable buildings is expected to provide numerous growth opportunities in the coming years.
The global Wood and laminate flooring market is segmented on the basis of type, end-user, and geography.
Geographically, the global Wood and laminate flooring market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
On the basis of geography, Asia-Pacific is expected to hold the largest share in the global Wood and laminate flooring market over forecast period. A significant increase in disposable income, and construction and renovation of residential buildings drive the growth of the Asia-Pacific wood and laminate flooring market. Other driving factors include growth in construction industry, and development of public infrastructure. The increasing investments by governments for enhancing public infrastructure further supports market growth. The increasing trend of design and aesthetics supports the market growth in the region.
Key players in the global Wood and laminate flooring market are: