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WILMINGTON, Del. , Aug. 18, 2022 /PRNewswire/ -- Sales forecast for wood flooring market by analysts at TMR find that a rapidly expanding construction sector in several regions has led to rise in sales of wood flooring products, especially hardwood and solid wood. Abundant demand for wood flooring for interiors of residential and commercial buildings has spurred flooring manufacturers to launch a wide variety of products. The revenue possibilities are vast, and the study by TMR projects the value to reach US$ 89.3 Bn by the end of 2031.
Companies are keenly expanding array of flooring products in order to cater to various needs of functional performance, aesthetics, and décor for consumers. Rise in renovation and decoration of indoor and outdoor wood surfaces especially in developed nations is bolstering growth frontiers for wood flooring market. In developing markets, such as in Asia Pacific , streams of revenues emanate from unorganized sector, due to presence of several small players.
Need for affordable range of flooring products has broadened scope for wood flooring market players. They are unveiling wood floors with different texture, color, and size which enrich the visual appeal, warmth of the interior space, and reduce maintenance hassle.
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Key Findings of Wood Flooring Market Study
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Wood Flooring Market: Key Drivers
Wood Flooring Market: Regional Growth Dynamics
Wood Flooring Market: Key Players
Some of the key players in the wood flooring market are Somerset Hardwood Flooring Inc., Mannington Mills Inc., Boral Limited, Shaw Industries Group, Beaulieu International Group, Armstrong Flooring, Inc., Mohawk Industries, Inc., and Blanchon Group.
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