Wood flooring manufacturing market is currently preferred owing to its durability, restorability and its environmental profile. It can be classified as solid, acrylic impregnated and engineered wood. Bamboo flooring, one form of grass flooring is also considered as a type of wood flooring. Wood flooring comes in shapes such as strips, parquet and planks. Raw materials of wood flooring include oak, ash, birch, walnut, maple, beech, birch and hickory among others.
Increased residential construction with changing lifestyle generates a demand for wood thereby driving the wood flooring market. In addition, wood products are being used as a source of recycled product which is another factor adding to the growth of wood flooring manufacturing market. Increased environmental concerns such as rising deforestation may restrain the growth of this market. Substitute commodities such as carpet, ceramic tiles and vinyl which serve as alternatives to wood may hamper the growth of this market. Increasing construction activities in the developing countries such as Brazil, Russia, India and China (BRIC) is expected to open the new opportunities in the market over the future. This market excels in the U.S and Europe owing to the cold climatic conditions since wood aids in maintaining the warmth. Asia Pacific is expected to be a significant contributor to this market on account of the changing lifestyles. Among the other types of wood, oak is the most popular owing to its wide availability, low cost and its hardness. Profit margins may differ depending on the type of company.
Some of the key players of this market include Mohawk Industries, Wood Flooring International, Tembec, Tarkett, A&W Woods and Armstrong World Industries among others.
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