Overview

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

IBISWorld’s Wood Flooring Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

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

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    Industry Analysis & Industry Trends

    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...

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    Industry Report - Industry Analysis Chapter

    The Wood Flooring Manufacturing industry has grown strongly over the past five years due to significant increases in activity across the US construction sector. Industry products are installed primarily in residential construction projects, including renovations. As a result, strong growth in housing starts and home improvement spending over the past five years drove double-digit sales growth as the construction sector recovered in the early years of the period. However, revenue increases have moderated in more recent years as housing markets have returned to historical norms. Over the five years to 2016, industry revenue is expected to increase at an annualized rate of 11.6% to $2.7 billion, including growth of 2.5% projected over 2016 alone.

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    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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    Industry Products

    What is the Wood Flooring Manufacturing Industry?

    This industry includes establishments primarily engaged in manufacturing wood flooring, including oak and maple hardwood flooring.

    Industry Products
    White oak
    Red oak
    Other domestic species
    Foreign species
    Industry Activities
    Oak hardwood flooring
    Maple hardwood flooring
    Other hardwood flooring

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Private spending on home improvements
  • Housing starts
  • Price of sawmill lumber
  • Trade-weighted index

  • 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

  • Products & Markets
    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
  • Residential renovation
  • Commercial construction
  • New residential construction
  • Exports
  • Chart: Major Market Segmentation for the Wood Flooring Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    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
    Major Companies
    Shaw Industries Group Inc.Armstrong Flooring Inc.Mohawk Industries Inc.
  • Table: Shaw Industries Group Inc. - financial performance
  • Table: Armstrong Flooring Inc. - financial performance
  • Table: Mohawk Industries Inc. - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Wood Flooring Manufacturing Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Exports (2007-2021)
  • Imports (2007-2021)
  • Wages (2007-2021)
  • Housing starts (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Why buy this report?

    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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