Strong coverage: Renewed home construction and remodeling will boost demand for flooring

The outlook for the Wood Flooring Manufacturing industry promises a rebound in revenue. As housing starts increase more quickly while the economy emerges from its recession, new home builders will create demand for wood flooring. Moreover, per capita disposable income is projected to improve as unemployment abates, so demand for flooring used in home improvement projects is also anticipated to rebound. At the same time, mounting competition from imports and from alternative flooring options will cause consolidation among industry players as unprofitable operators get acquired or exit the industry altogether...purchase to read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
7.6%
Forecast Growth 17-22
Profit
Employment
11,066
Businesses
101

Industry Threats & Opportunities

  • Wood flooring’s high perceived value among consumers will help operators pass material cost increases downstream
  • Vinyl has been increasingly viewed as a cost-effective substitute for hardwood flooring
  • The industry will benefit particularly from home remodeling activity
  • Industry Report - Industry Locations Chapter

    The Wood Flooring Manufacturing industry has a similar geographic distribution compared to other wood product manufacturers. The majority of establishments are located in a close proximity to upstream industries, such as sawmills and wood producers to minimize transportation costs. Additionally, establishments concentrate near major cities because a considerable portion of industry products are purchased by residential construction companies.SoutheastThe Southeast region dominates production, accounting for about one-quarter of all wood flooring manufacturing establishments, 24.7% of the total. The Southeast is the nation's largest producer of lumber, with about half of all logging companies located within the region. Fur...purchase to read more.

    Additional Insights for the Wood Flooring Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Wood Flooring Manufacturing Industry are

  • Economies of scale
  • Effective cost controls
  • Supply contracts in place for key inputs
  • IBISWorld analysts also discuss how external factors such as Private spending on home improvements and Housing starts in the Wood Flooring Manufacturing industry impact industry performance..

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    Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Private spending on home improvements
  • Housing starts
  • Price of sawmill lumber
  • Trade-weighted index
  • External competition for the Millwork Industry

  • Current Performance
  • Strong housing market
  • Substitute competition
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • External competition to mount
  • Industry expansion
  • Table: Wood Flooring Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Wood Flooring Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Industrial Building Construction
  • Home Improvement Stores
  • Commercial Building Construction

  • Key Selling Industries
  • Millwork
  • Organic Chemical Manufacturing
  • Sawmills & Wood Production

  • Products & Services
  • White oak
  • Red oak
  • Other domestic species
  • Foreign species
  • Chart: Wood Flooring Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • The housing market
  • Nonresidential construction
  • Substitute products

  • Major Markets
  • Independent wholesalers
  • Retailers
  • Building contractors
  • Other
  • Chart: Major Market Segmentation for the Wood Flooring Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Wood Flooring Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Wood Flooring Manufacturing Industry

  • Industry Globalization
    Shaw Industries Group Inc., Mohawk Industries Inc., Armstrong Flooring Inc.,
  • Table: Shaw Industries Group Inc. - financial performance
  • Table: Mohawk Industries Inc. - financial performance
  • Table: Armstrong Flooring Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Wood Flooring Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Wood Flooring Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Housing starts (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Engineered Flooring
  • Engineered wood flooring products are manufactured from real wood using a layering technique.
  • Housing Starts
  • The number of new homes started in a given year.
  • North American Free Trade Agreement
  • A generally duty-free agreement signed by the governments of Canada, Mexico and the United States, creating a trilateral trade bloc in North America.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Wood Flooring Manufacturing is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Wood Flooring Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Wood Flooring Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Wood Flooring Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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