Market Overview:
The global engineered hardwood flooring market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for engineered hardwood flooring from residential and commercial applications. In terms of type, the tongue-and-groove (T&G) technology segment is expected to hold a major share of the market during the forecast period, owing to its easy installation and low maintenance requirements. However, in terms of growth rate, the click-locking technology segment is expected to register higher growth rates during the forecast period.
Product Definition:
Engineered hardwood flooring is a type of flooring that is made from multiple layers of wood. The top layer is usually made from oak, maple, cherry, or some other type of hardwood. The bottom layer is typically made from a cheaper wood, such as pine. Engineered hardwood flooring is more durable than traditional laminate flooring and it can be installed over most types of existing floors, including concrete.
Tongue-and-groove (T&G) Technology:
T&G is a technology used in flooring industry to manufacture engineered hardwood flooring. It's basically a process of binding veneers with adhesive and then applying second coat of adhesive on the backside of each veneer. The two coats are pressed together at an angle to create tongue-and-groove appearance, hence the name T&G (for Tongue and Groove).
Click-locking Technology:
The technology is used to bind the subfloor and flooring together by way of a special-purpose adhesive that sets up quickly. The process can be utilized in both new construction as well as renovation projects, and it functions similarly to how traditional wood floors are installed.
Application Insights:
The commercial application segment led the global engineered hardwood flooring market in 2017 and is projected to witness significant growth over the forecast period. The growing construction industry, particularly in developing countries of Asia Pacific and Latin America is expected to boost product demand in this segment.
Engineered wood floors have high durability, low maintenance cost, natural look and feel underfoot, which makes them suitable for use in residential as well as commercial applications. Increasing consumer preference for wooden flooring products especially from China where traditional knowledge of woodworking is still alive will propel market growth over the next eight years.
Residential application accounted for a share of more than 50% in 2017 owing to increasing product adoption due to their characteristics such as ease of installation along with superior aesthetics when compared with other materials used within homes such as carpeted surfaces or vinyl covered ones.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to growing consumer preference for engineered hardwood flooring products as they provide aesthetic appeal and are easy to maintain. Moreover, increasing demand for single-family houses is expected to drive the regional product demand over the forecast period.
Asia Pacific emerged as a prominent consumer of engineered hardwood flooring and accounted for close to 20% share in 2017 owing to rising construction activities primarily driven by rapid urbanization and growing population especially in China, India, Indonesia, Malaysia Philippines Thailand Vietnam among other Southeast Asian countries which has resulted into increased spending on residential infrastructure such as hospitals schools colleges airports etc.; thereby driving product consumption across this region during the forecast period from 2018 to 2030 (see Figure 1).
Growth Factors:
- Increasing demand from the construction sector as a result of growth in the global population and rise in disposable income.
- Rapid urbanization, which is leading to an increase in the number of residential and commercial buildings, driving demand for flooring products.
- The increasing popularity of hardwood flooring over traditional flooring materials such as carpets and tiles due to its durability and aesthetic appeal.
- Technological advancements that have led to the development of new types of engineered hardwood floors with enhanced features such as resistance to moisture and scratches.
- Rising environmental awareness among consumers, which is resulting in an increased preference for sustainable flooring products such as engineered hardwood floors
Scope Of The Report
Report Attributes
Report Details
Report Title
Engineered Hardwood Flooring Market Research Report
By Type
Tongue-and-groove (T&G) Technology, Click-locking Technology
By Application
Residential, Commercial
By Companies
Armstrong, Bruce, Pergo, Mannington Flooring, Harris Wood, Columbia, Home Legend, Kahrs, Eco Timber, Mohawk, Somerset, Anderson
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Engineered Hardwood Flooring Market Report Segments:
The global Engineered Hardwood Flooring market is segmented on the basis of:
Types
Tongue-and-groove (T&G) Technology, Click-locking Technology
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Armstrong
- Bruce
- Pergo
- Mannington Flooring
- Harris Wood
- Columbia
- Home Legend
- Kahrs
- Eco Timber
- Mohawk
- Somerset
- Anderson
Highlights of The Engineered Hardwood Flooring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tongue-and-groove (T&G) Technology
- Click-locking Technology
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Engineered Hardwood Flooring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Engineered hardwood flooring is a type of flooring that is made from a composite material. This material is made up of two or more different types of wood fibers that have been bonded together using a resin. This makes the floor much stronger and more durable than traditional wood floors.
Some of the key players operating in the engineered hardwood flooring market are Armstrong, Bruce, Pergo, Mannington Flooring, Harris Wood, Columbia, Home Legend, Kahrs, Eco Timber, Mohawk, Somerset, Anderson.
The engineered hardwood flooring market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Engineered Hardwood Flooring Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Engineered Hardwood Flooring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Engineered Hardwood Flooring Market - Supply Chain
4.5. Global Engineered Hardwood Flooring Market Forecast
4.5.1. Engineered Hardwood Flooring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Engineered Hardwood Flooring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Engineered Hardwood Flooring Market Absolute $ Opportunity
5. Global Engineered Hardwood Flooring Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Engineered Hardwood Flooring Market Size and Volume Forecast by Type
5.3.1. Tongue-and-groove (T&G) Technology
5.3.2. Click-locking Technology
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Engineered Hardwood Flooring Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Engineered Hardwood Flooring Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Engineered Hardwood Flooring Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Engineered Hardwood Flooring Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Engineered Hardwood Flooring Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Engineered Hardwood Flooring Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Engineered Hardwood Flooring Demand Share Forecast, 2019-2026
9. North America Engineered Hardwood Flooring Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Engineered Hardwood Flooring Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Engineered Hardwood Flooring Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Engineered Hardwood Flooring Market Size and Volume Forecast by Type
9.7.1. Tongue-and-groove (T&G) Technology
9.7.2. Click-locking Technology
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Engineered Hardwood Flooring Demand Share Forecast, 2019-2026
10. Latin America Engineered Hardwood Flooring Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Engineered Hardwood Flooring Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Engineered Hardwood Flooring Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Engineered Hardwood Flooring Market Size and Volume Forecast by Type
10.7.1. Tongue-and-groove (T&G) Technology
10.7.2. Click-locking Technology
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Engineered Hardwood Flooring Demand Share Forecast, 2019-2026
11. Europe Engineered Hardwood Flooring Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Engineered Hardwood Flooring Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Engineered Hardwood Flooring Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Engineered Hardwood Flooring Market Size and Volume Forecast by Type
11.7.1. Tongue-and-groove (T&G) Technology
11.7.2. Click-locking Technology
11.8. Basis Poin Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Engineered Hardwood Flooring Demand Share, 2019-2026
12. Asia Pacific Engineered Hardwood Flooring Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Engineered Hardwood Flooring Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Engineered Hardwood Flooring Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Engineered Hardwood Flooring Market Size and Volume Forecast by Type
12.7.1. Tongue-and-groove (T&G) Technology
12.7.2. Click-locking Technology
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Engineered Hardwood Flooring Demand Share, 2019-2026
13. Middle East & Africa Engineered Hardwood Flooring Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Engineered Hardwood Flooring Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Engineered Hardwood Flooring Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Engineered Hardwood Flooring Market Size and Volume Forecast by Type
13.7.1. Tongue-and-groove (T&G) Technology
13.7.2. Click-locking Technology
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Engineered Hardwood Flooring Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Engineered Hardwood Flooring Market: Market Share Analysis
14.2. Engineered Hardwood Flooring Distributors and Customers
14.3. Engineered Hardwood Flooring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Armstrong
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Bruce
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Pergo
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mannington Flooring
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Harris Wood
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Columbia
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Home Legend
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kahrs
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Eco Timber
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mohawk
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Somerset
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Anderson
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
