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Wood Plastic Composite Flooring Market Share

Report ID: GMI5825
Published Date: Nov 2024
Report Format: PDF

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Wood Plastic Composite Flooring Market Share

Global Wood Plastic Composite Flooring Company Market Share Analysis, 2023

In 2023, key companies like Mohawk Industries, Armstrong Flooring, Axion Structural Innovations, Beologic, CertainTeed, Fiberon, FKur Kunststoff and Jelu-Werk Josef Ehrler held a combined market share of 5%-10%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Resellers that consistently deliver high-quality products and reliable performance often secure a competitive advantage. Upholding stringent testing and refurbishment standards is crucial for earning customer trust. Introducing warranties or return policies can distinguish resellers in the market. By offering customer support and repair services, resellers bolster buyer confidence, rendering them more appealing. A robust online presence, characterized by user-friendly websites and active social media engagement, enables resellers to connect with a wider audience. Strategic marketing initiatives can further differentiate them from their competitors.

Wood Plastic Composite Flooring Market Companies

Major players operating in the wood plastic composite flooring industry are:

Armstrong Flooring
Axion Structural Innovations
Beologic
CertainTeed
Fiberon
FKur Kunststoff
Jelu-Werk Josef Ehrler
LVM Holding
Mannington Mills
Mohawk Industries
PolyPlank
Renolit
TAMKO Building Products
TimberTech
Trex Company

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global market for wood plastic composite flooring was reached USD 2.2 billion in 2023 and is predicted to grow at a CAGR of over 7.1% from 2024 to 2032, driven by increasing focus on sustainability and environmental conservation.

The polyethylene segment reached USD 900 million in 2023 and is estimated to grow at a CAGR of around 7.6% from 2024 to 2032, due to its cost-effectiveness and excellent water resistance properties.

The up to 4mm thickness segment held around 31% of the market share in 2023 and is anticipated to grow at a CAGR of 7.6% through 2032, led by its affordable pricing and suitability for light traffic areas.

The U.S. region dominated around 82% share of the wood plastic composite flooring market in 2023, propelled by sustainability concerns and the demand for eco-friendly alternatives to traditional flooring materials.

Major players in the wood plastic composite flooring industry include Armstrong Flooring, Axion Structural Innovations, Beologic, CertainTeed, Fiberon, FKur Kunststoff, Jelu-Werk Josef Ehrler, LVM Holding, Mannington Mills, Mohawk Industries, PolyPlank, Renolit, TAMKO Building Products, TimberTech, and Trex Company.