marketreports

  Wood and laminate flooring market size is forecast  to reach $87.3 billion by 2026, after growing at a CAGR of 4.8% during 2021-2026.   Wood floorings and laminate floorings are being increasingly used in residential and commercial structures to enhance the aesthetics of the structure. Increasing usage in the commercial, as well as residential sector, rising preferences of wood-based floorings, surging level of investment for the development of airports and hotels, are some of the key factors that will accelerate the growth of the   wood   and laminate flooring market during the forecast period. Increasing urbanization and industrialization will further fuel numerous opportunities that will contribute to the growth of the wood flooring and laminate flooring industry. However, the high cost of raw material and prevalence of cost-effective and low maintenance alternative products are projected to be a significant challenge for the wood and laminate flooring indu...