Wood Flooring Manufacturing
The Wood Flooring Manufacturing industry has grown over the five years to 2018 due to increases in activity across the US construction sector. Over the past five years, unemployment fell, household formations increased and interest rates remained relatively low, encouraging new home construction. Home renovation activity, which alone accounts for about half of industry sales, has also steadily grown in line with increased real estate activity. However, renewed price competition, rising interest rates and the housing market's return to normal growth patterns has led to some stagnation in the later years of the period. Although the industry has experienced strong demand in line with improving housing markets, it has nevertheless been challenged by competition from substitutes. Nevertheless, over the five years to 2023, industry revenue is projected to grow at a steadier pace, with the volatility of the past five years likely to ease. Despite rising external competition, wood flooring's high perceived value among consumers will help operators pass material cost increases downstream.
This industry includes establishments primarily engaged in manufacturing wood flooring, including oak and maple hardwood flooring.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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