Increasing demand from both the residential and non-residential construction market has resulted in growth for the wood flooring market. The increased demand comes from various factors, including greater disposable incomes and more spending ability thanks to rising home values and the resulting rise in homeowner equity.. As a result, the U.S. wood flooring market stood at $2.1 billion in 2005, up 2% over the previous year.
A decline in the popularity of more standard wood types such as oak is giving way to the increased popularity of other less traditional woods such as maple, cherry, and pecan. Other trends influencing the market included an increase in demand for rustic, wider planks, exotic woods, distressed wood floors, and even less conventional bamboo flooring.
Wood Flooring in the U.S., a new report from SBI, provides an in-depth analysis of the market for wood flooring in the U.S. and includes market projections for 2006 through 2010. It also provides insights into the demographic profiles of consumers who installed wood flooring, the marketing initiatives undertaken by leading wood floor marketers, and factors and trends that will fuel future growth.
Scope and Methodology
This report data was obtained from government sources, trade associations, publications, business journals, company literature, and investment reports. The report covers the needs of the commercial roofing sector and also contains detailed demographic profiles of residential consumers in terms of roofing products, based on data provided by Simmons Market Research Bureau (SMRB), New York. The data was This report data was obtained from government sources, trade associations, publications, business journals, company literature, and investment reports. The report covers the needs of the commercial and residential wood flooring sector, and also contains detailed demographic profiles of residential consumers in terms of wood flooring products, based on the data provided by Simmons Market Research Bureau (SMRB), New York. The data was pulled from SMRB’s National Consumer Survey (NCS) Fall 2005.
Shipment statistics are derived from the U.S. Census of Manufacturers and the Annual Survey of Manufacturers, and is estimated and forecasted by SBI. Import and export data by major country of origin is derived from the U.S. Department of Commerce and the U.S. International Trade Commission. Historical data are provided for 2001 through 2005 (all 2005 shipments are estimates), with forecast data from 2006 to 2010.
Market size of wood flooring (market supply) is defined as the amount of wood flooring products supplied to the total U.S. marketplace, in a particular period. Therefore, market size is determined by supply rather than demand. The U.S. wood floor market supply was calculated from the Department of Commerce statistics by collecting data from domestic plant shipments, adding imports, and extracting exports. As such, the formula for determining the market size will be: Production in U.S. + Balance of trade [i.e. Shipments + (imports - exports)].
Also note that the values are in net selling values, i.e., free on board (f.o.b.) from the manufacturing plant, and not the retail/wholesale price sold to the end consumer.
What You’ll Get in this Report
Wood Flooring in the U.S. makes important predictions and recommendations regarding the future of this market, and pinpoints ways current and prospective marketers can capitalize on current trends and spearhead new ones. No other market research report provides both the comprehensive analysis and extensive data that Wood Flooring in the U.S. offers. The report addresses the following segments:
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