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North America Wood Flooring Market Share | Industry Report, 2026

North America Wood Flooring market is expected to witness 6.0% CAGR during the forecast period 2019 u2013 2026.

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North America Wood Flooring Market Share | Industry Report, 2026

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  1. Welcome To DataIntelo

  2. North America Wood Flooring Market Share | Industry Report, 2026 The North America wood flooring market size was estimated at USD 4.06 billion in 2017. It is anticipated to grow at a CAGR of 5.1% during 2010-2026. Booming residential construction industry in the U.S., owing to increasing number of apartment buildings, is projected to boost product demand. Wood flooring includes a variety of hardwood comprising solid and engineered. Solid hardwood is a genuine solid word i.e. technically stapled to the wooden subfloor. While a solid hardwood flooring is nailed to the subfloor, solid flooring can be fastened over hard surfaces and concrete. On the other hand, engineered hardwood is produced by permanently attaching multiple layers of solid wood to the intersecting floors. Engineered hardwood is usually preferred due to its humidity resistance, superior strength and moisture retaining capacity.

  3. Sedentary lifestyle and modernized culture in workspaces and residences and extensive use of reinforced materials is likely to boost the demand for wooden flooring. Increasing urbanization and excellent properties exhibited by use of fiberglass for wooden flooring, also shapes the market growth. Boom in residential construction industry in the U.S. due to rise in number of lavish apartments such as studio apartments, and single-family houses. Increase in travel and tourism is also expected to help the hospitality industry to offer excellent client service. In addition, the region also witnesses lucrative opportunities such as consumer preferences for decorative floors in commercial residences and business centers. Request for Free Sample: https://dataintelo.com/request-sample/?reportId=388 Segments Covered In This Report For Wood Flooring Market: The regional market witness certain trends such as development of eco-friendly apartments and sustainable building construction to enable installation of lightweight materials that emits low VoC content and offers comfort to the user. Moreover, increasing importance of good hygiene and standard flooring in clinics and hospitals helps in eliminating microbial contamination.

  4. By Product: By product, the North America wood flooring market is segmented into solid and engineered. Engineered products are likely to witness significant demand owing to presence of SMEs and subsidized mode of business. The demand for recycled wood is greater as compared to solid wood. By End-User: The North America wood flooring market is segmented into residential and commercial. Residential sector accounted for a significant market share owing to booming construction sector in Canada and North America. Rise in number of service providers is more likely to propel the demand in this region. In addition, stringent regulations for increased safety in the industrial sector is more likely to contribute to the regional market growth. Competitive Landscape: The key players in the North America wood flooring market are Armstrong Flooring Inc; Mannington Mills and Shaw Industries. Discover More @ https://dataintelo.com

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