LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global wooden floor market report. This research report also lists 11 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the report, the global wooden flooring market is highly fragmented with the presence of many local and domestic players. As a result, there is intense competition among the market vendors across all regions on the basis of product differentiation, portfolio, and pricing and the competition in the market is expected to intensify in the coming years.
“The vendors are trying to endure the growing competition in the market by innovating the designs and technology used in the manufacturing of different types, shades, and styles of wooden flooring. As wooden flooring requires regular maintenance and care and is vulnerable to moisture and humidity, vendors are focusing on innovation,” says Soumya Mutsuddi, a lead construction research analyst from Technavio.
The report also states that to remain competitive in the market, vendors are offering innovative durable products and developing product lines that are easy to install. For instance, Anderson Hardwoods Floors offers engineered hardwood that is manufactured using a cross-locked engineered process. This makes the piles lock permanently and provides wooden flooring that is more dimensionally stable and split resistant.
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Top five wooden floor market vendors
Mannington Mills
Mannington Mills was founded in 1915 and is headquartered in Salem, New Jersey, US. The company is a manufacturer of residential and commercial fine flooring materials. The make and sell flooring products under the Mannington Residential, Mannington Commercial, Burke, and Amtico brands.
Mannington has manufacturing plants and offices in six locations across the US in Salem, New Jersey; Calhoun, Georgia; High Point, North Carolina; Epes, Alabama; San Jose, California; and Eustis, Florida.
The company uses scratch resistant technology with aluminum oxide to produce wooden floors that are long-lasting and are resistant to everyday household scratches.
Armstrong
Armstrong is a provider of ceiling systems and flooring products used in the construction and renovation of residential, commercial, and institutional buildings. Their products include resilient flooring and wood, mineral fiber, fiber glass, and metal.
The company launched new brand platform called "Inspiring Great Spaces". This enables commercial and residential customers to explore different flooring designs to beautify buildings. In addition, the company added two new colors to its brand, which adds strength and presence to the brand.
Mohawk
Mohawk is a global provider of flooring solutions for commercial and residential spaces. The company offers carpet, rugs, ceramic tile, laminate, wood, stone, and vinyl flooring. Mohawk is headquartered in Calhoun, Georgia, US. For FY2014, the company reported USD 7.8 billion in revenue. Currently, the company is focusing on textured wooden floors and vintage styles.
Pergo
Pergo was founded in 1881 and is headquartered in the US. The company is a manufacturer of premium hardwood flooring and also provides commercial laminate flooring solutions. The company's products are available worldwide in over 5,000 specialty retailers across North America.
Pergo's multi-layer technology produces wooden floors that have superior resistance to wear, impact, and scratching. Pergo also uses TitanX advanced surface protection technology. Additionally, the company's PerfectFold Installation System enables an easier and faster installation process.
Shaw Industries
Shaw Industries is a provider of carpet, hardwood, laminate, resilient, tile, and stone flooring products and synthetic turf to commercial and residential markets worldwide. The company is a wholly owned subsidiary of Berkshire Hathaway.
The company has offices in the US, Australia, China, Canada, India, Mexico, Singapore, and the UK. The company's products are sold wholesale to more than 32,000 retailers, distributors, and commercial users throughout Canada, the US, and Mexico and are also exported to various markets overseas.
Browse Related Reports:
- Global Floor Covering Market - Market Research Report 2015-2019
- Global Handicrafts Market 2015-2019
- Global Wood Coatings Market 2015-2019
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About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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