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Technavio’s market research analyst estimates the global wooden floor market to post a steady growth rate during the forecast period. This market is positively influenced by factors like the booming construction industry and the rise in housing construction activities, which results in its steady CAGR of nearly 7% by 2020.
Increasing investment in hotel construction is the key driver for the growth of this market. The advent of boutique like hotels is expected to promote growth in this market since much of the focus is laid on the interiors such as light fixtures and furnishings. The construction of luxury hotels, resorts, parks, and religious monuments in regions like UAE, Russia, and Kenya is also expected drive market growth as it involves the extensive use of wooden floors for aesthetical purposes.
This market is characterized by the presence of intense competition between the vendors and consists numerous local and regional players. Competition between the vendors is based on factors like product differentiation, portfolio, and pricing. Vendors that can innovate designs and technology used in the manufacturing of different types, shades, and styles of wooden floor are expected to gain maximum prominence in the market during the forecast period.
Leading vendors in this market are -
Other prominent vendors analyzed in this global market research are Anderson Hardwood Floors, Mullican Flooring, Giorio, Beaulieu International Group, Kährs Group, Kaindl Flooring GmbH, Nature Home Holding Company Limited, Bruce, Greenply Industries, Robina Flooring, and Timberwolf LLC.
Technavio market research analysts estimate the engineered wooden flooring segment to be the largest market segment during the forecast period. Advantages like its ability to provide greater stability in areas where moisture and heat problems are persistent are expected to result in its augmented adoption during the forecast period.
In this market research report, analysts estimate the APAC region to dominate over all the other geographies during the forecast period. This region is envisaged to account for more than 41% of the total market by 2020 and factors like rising disposable income and the increase in home ownership are expected to account for its large market share during the forecast period.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Market segmentation by end-user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key vendor analysis
PART 16: Appendix
PART 17: Explore Technavio
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