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Market forecast analysis of American solid wood floor composite floor

2020-02-26 10:25:18
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United States: Overall, the share of solid wood flooring laminate flooring in the flooring market is gradually increasing, buyers' preference for these durable novel products continues to grow. According to Catalina research, the market turnover of hardwood flooring in 2016 reached US $3.64 billion, an increase of 5.9%. In the face of huge competition low-cost imported laminate flooring, the market turnover last year was 956 million US dollars, up less than 1%.

Competition abroad, especially Asian countries, is often seen as a threat to laminate manufacturers. Of course, the new EPA formaldehyde release regulations stricter monitoring of imported products can alleviate this threat. According to the National Wood Flooring Association's 2018 Industry Outlook Survey, competition caused by non wood flooring materials, government regulations, economic US political climate is also worrying in 2018. According to the National Wood Flooring Association, in order to develop their own business, many companies have begun to diversify customize.

Catalina's survey found that domestic flooring manufacturers are rescheduling production investing in efficient manufacturing equipment to improve profitability.

According to conlumino consulting, the global furniture flooring market is growing at a rate of 5.3% per year will reach US $695 billion by 2019. By then, China is expected to overtake the United States as a larger market.

According to the data of the U.S. Department of Commerce, the import value of hardwood flooring in 2016 was 958.7 million US dollars, the export value was 77.8 million US dollars. The import value of laminate flooring is $568.4 million.

According to Ipsos' survey of American families with incomes of more than $100000, 13.5% spend less than $500 on the floor, 6.5% spend between $500 $1000, 5.4% spend more than $1000.


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