India wood and laminate flooring market size was estimated to be USD 113.5 million in 2013. Increasing renovation and floor replacement activities in residential and commercial application is expected to drive the industry over the forecast period. Wood flooring is considered as a status symbol as a result of which it has been witnessing significant adoption rate in India over the last five years.
International companies were reluctant to enter the Indian market in the past due to high duty and exchange issues. However, over the last five years, India has leapfrogged to position itself as the second most lucrative industry in Asia after China.
Several multinational companies such as Armstrong and Pergo have started forming strategic alliances with domestic players in order to address logistics and transport issues which deterred them to foray in the India flooring market in the past.
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http://www.grandviewresearch.com/industry-analysis/india-wood-laminate-flooring-market
Domestic sourcing accounts for just a handful of the supplies in the wood flooring market; a vast majority of the supplies are imported. Global manufacturers have tailored their wood and laminate flooring offerings in order to withstand the drastic climatic conditions in India. Changing lifestyles, rising urban population and the recovery of the construction industry in India has led to a considerable growth in demand for such floor solutions. Infrastructural spending is a key driver for regional economies and an increased spending on capital projects & infrastructure is expected to grow significantly over the next decade.
Increasing concerns over environmental impact has significantly impacted the India wood and laminate flooring market, resulting in the development of eco-friendly materials. Additionally, the industry is growing at a rapid pace creating extensive waste out of renovation activities making efficient disposal of waste a key issue in recent times. Development of various anti-slip and bacteria-resistant solutions has led to increased application particularly in the healthcare sector.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
International companies were reluctant to enter the Indian market in the past due to high duty and exchange issues. However, over the last five years, India has leapfrogged to position itself as the second most lucrative industry in Asia after China.
Several multinational companies such as Armstrong and Pergo have started forming strategic alliances with domestic players in order to address logistics and transport issues which deterred them to foray in the India flooring market in the past.
To request a sample copy or view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/india-wood-laminate-flooring-market
Domestic sourcing accounts for just a handful of the supplies in the wood flooring market; a vast majority of the supplies are imported. Global manufacturers have tailored their wood and laminate flooring offerings in order to withstand the drastic climatic conditions in India. Changing lifestyles, rising urban population and the recovery of the construction industry in India has led to a considerable growth in demand for such floor solutions. Infrastructural spending is a key driver for regional economies and an increased spending on capital projects & infrastructure is expected to grow significantly over the next decade.
Increasing concerns over environmental impact has significantly impacted the India wood and laminate flooring market, resulting in the development of eco-friendly materials. Additionally, the industry is growing at a rapid pace creating extensive waste out of renovation activities making efficient disposal of waste a key issue in recent times. Development of various anti-slip and bacteria-resistant solutions has led to increased application particularly in the healthcare sector.
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: www.grandviewresearch.com
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