Wood Flooring Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 6/19/2017
SIC Codes: 2426
NAICS Codes: 321918
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Wood Flooring Manufacturing Industry Profile

Companies in this industry make wood flooring products. Major companies include Armstrong Flooring, Mohawk Industries, Shaw Industries, and Wood Flooring International (all based in the US), along with A&W (Shanghai) Woods (China), Goodfellow and Tembec (both of Canada), and Tarkett (France).

The global market for wood flooring is expected to rise nearly 7% per year through 2020, according to Technavio. Leading countries for wood flooring manufacture include Canada, China, and the US.

The US wood flooring manufacturing industry includes about 90 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $2.6 billion.

COMPETITIVE LANDSCAPE

Demand for wood flooring is closely tied to residential construction and remodeling activity. The profitability of individual companies depends on efficient operations. Large companies have economies of scale in purchasing machinery and raw materials. Small companies can compete effectively by specializing.

Competition for the industry comes from manufacturers of alternative flooring products such as carpet, vinyl, and ceramic tile.

PRODUCTS, OPERATIONS & TECHNOLOGY

Wood flooring is milled from hardwoods, principally oak but also maple, ash, beech, birch, pecan, walnut, hickory, and others. Oak is popular due to its hardness, low cost, appearance, and wide availability; red oak accounts for about 40% of wood flooring sales.

Wood flooring comes in three main shapes: strips, planks, and parquet. Strips typically range in thickness from 3/8 inch to 3/4 inch; in width from 1 1/2 to 3 1/2 inches; and in length from ...

 
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