Residential Sector to Offer Attractive Opportunities
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Risk of Substitution Coupled with Potential Health Hazards to Hamper Market
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Europe a Prominent Wood Flooring Market
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Top Five Players Accounted for ~ 50% Market Share in 2018
The global wood flooring market is dominated by a few large and medium players that operate across the globe. The top five players are Mohawk Industries, Inc. Shaw Industries Group, Inc., Tarkett Group, Kährs Holding AB (publ), and Armstrong Flooring, Inc.
Tarkett S.A. held a leading share of the global wood flooring market in 2018. The company provides more than 50 types of wood flooring products, and its offices and manufacturing sites are located in almost every region across the globe. It has one of the broadest portfolios of flooring products, which comprises resilience carpets, rubber products, vinyl & linoleum products, and wood & laminate products.
Tarkett Group focuses on increasing productivity through its novel manufacturing processes. The company constantly invests in R&D activities to enhance customer experience through new products and services. It is constantly strengthening its position in the market through accretive acquisitions. For instance,
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