2011-04-08 12:46:26 -
Wood Flooring: A Global Strategic Business - a new market research report on companiesandmarkets.com
The worldwide wood flooring market is expected to hit 8.85 billion square feet by 2015. Demand for wood flooring is continuing to see high interests, although the market is currently in a gloomy position as a result of the general trend in the global construction industry. The market is expected to pick up once the recession has subsided.
Wood floors are considered as environment friendly, durable, and easy to clean. Wood floors are available in a wide range of wood materials with durable wear layers that withstand frequent maintenance and heavy stamping. Therefore, popularity of wood flooring is growing in both the commercial and residential markets. However, the wood flooring industry sales directly depends on the sales trends in
the residential and commercial building industries.
According to Global Industry Analysts, Asia Pacific dominates the global wood flooring market. Although Europe and North America are the traditional markets for wood flooring, China has emerged as one of the major markets for wood flooring. This shift in market concentration resulted in the shift of manufacturing facilities from Western countries to China.
Owing to the global economic downturn, the timber supply took a plunge with insufficient wood stocks and not-so-large inventory volumes in 2008. Further, increase in the implementation costs of material grade, labor, manufacturing, logistics, and raw materials led to growth in the solid wood flooring´s prices. The solid wood flooring´ prices are expected to rise further in the next two years due to the rise in raw material costs.
Key players profiled in the report include Armstrong World Industries, Inc., A&W (Shanghai) Woods Co. Ltd., Anderson Hardwood Floors, Inc., BLC Hardwood Flooring, LLC, BOEN AS, Boral Limited, Chickasaw Brand Hardwood Flooring, F Junckers Industrier A/S, iLevel Company, Johnson Premium Hardwood Flooring, Koetter Woodworking, Inc., Shaw Industries, Inc., Tarkett AG, and Tembec Inc., among others.
The report titled Wood Flooring: A Global Strategic Business report by Global Industry Analysts provides a comprehensive review of industry overview, product overview, product introductions/innovations, profiles of major players, and recent industry activity. The report analyzes market data and analytics in terms of volume for regions including the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Global Industry Analysts ©
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