Increasing consumer awareness and preference for eco-friendly and sustainable flooring products, innovations in manufacturing technology, such as digital printing and improved embossing techniques, and the ongoing growth in residential and commercial construction drive the market growth. WILMINGTON, Del. , Aug.
7, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Flooring Wood Panels Market by Panel Type (Solid Wood and Engineered Wood), End User (Residential and Non-Residential): Global Opportunity Analysis and Industry Forecast, 2024-2033" . According to the report, the flooring wood panels market was valued at $72.5 billion in 2023, and is estimated to reach $114.
8 billion by 2033, growing at a CAGR of 4.7% from 2024 to 2033. Prime determinants of growth Increasing consumer awareness and preference for eco-friendly and sustainable flooring products, innovations in manufacturing technology, such as digital printing and improved embossing techniques, and the ongoing growth in residential and commercial construction drive the market growth.
However, fluctuations in the cost of raw materials, such as timber, can significantly impact the pricing of wood flooring products. On the other hand, emerging markets, particularly in Asia-Pacific and Latin America , present significant growth opportunities due to rapid urbanization and increasing disposable incomes. Download PDF Sample Copy@ https://www.
alliedmarketresearch.com/request-sample/A10396 Report coverage.