JEDA News Jun 02, 2020 -- Furniture Today announces the release of the report "Global Wood Flooring Industry" .
JEDA News Jun 02, 2020 -- Furniture Today announces the release of the report "Global Wood Flooring Industry" . The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$37.6 Billion by the year 2025, Engineered Wood will bring in healthy gains adding significant momentum to global growth.
- Representing the developed world, the United States will maintain a 4.2% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$811.3 Million to the region’s size and clout in the next 5 to 6 years. Over US$1.5 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Engineered Wood will reach a market size of US$2 Billion by the close of the analysis period. As the world’s second largest economy and the new game changer in global markets, China exhibits the potential to grow at 7.3% over the next couple of years and add approximately US$4.1 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
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