Wooden Floor Market Latest Advancements and Demand Analysis by 2025
According to a new report published by Allied Market Research, titled, Wooden Floor Market : Global Opportunity Analysis and Industry Forecast, 2018-2025, the global wooden floor market was valued at $90,638.1 million in 2017, and is projected to reach $141,091.3 million in 2025, growing at a CAGR of 5.9%, while in terms of volume, the market is expected to grow at a CAGR of 4.7% by 2025. The engineered wood segment accounted for more than two-thirds of the market share in 2017, and is expected to witness significant growth during the forecast period. Rise in construction activities across different parts of the world, increased spending on home enhancement and renovation, growing consumer demand for eco-friendly materials, and the wide range of benefits offered by wooden flooring drive the wooden floor market. However, unstable prices of wood and other raw materials as well as threat of substitute products are factors that impede the market growth. On the other hand, ris...