Product Code: ETC041468 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Singapore Wood Flooring market currently, in 2023, has witnessed an HHI of 6479, Which has decreased moderately as compared to the HHI of 10000 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Singapore wood flooring market is expected to register a CAGR of 5.9% during the forecast period 2020-2026. The growing demand for wooden floors in residential and commercial buildings, increasing disposable income, rising focus on eco-friendly solutions by architects & interior designers are some of the major factors driving the growth of this market. Moreover, innovations in design and technology along with improvements in product durability have also been contributing to the overall market growth significantly.
Growing Demand for Wooden Floors in Residential & Commercial Buildings: With increasing infrastructure development and rising number of new residential projects across Singapore, there has been a surging demand for wooden floors owing to its aesthetic appeal as compared to other types of floorings such as ceramic tiles or laminates ETC This high demand from both commercial and residential sectors is thus propelling the growth of this market significantly over recent years.Increasing Disposable Income: Increasing disposable incomes among consumers have enabled them to invest more towards renovation activities which further increases their spending capacity towards quality furniture products including wood floorings ETC, thereby providing an impetus to this industry???s revenue stream over past few years.
High Installation Costs Involved with Wood Floorings: High installation costs associated with wood flooring due it being labor intensive coupled with frequent requirement for repair/maintenance services involved further dampens consumer???s motivation while making purchase decisions which could potentially limit future prospects within this domain going forward.
The Singapore wood flooring market is highly fragmented and consists of several major players. The key players operating in the market include Armstrong Flooring, Inc., Mohawk Industries, Inc., Shaw Industries Group, LLC., Tarkett SAS, Beaulieu International Group NV/SA, BHK of America Ltd., Timberline Enterprises Ltd., Columbia Forest Products Incorporated, K?hrs Holding AB (K?hrs), and Boen Group. These players have adopted various strategies such as product launches, expansions & investments to strengthen their presence in the global wood flooring market.
Due to imposed travel restriction amid pandemic outbreak led several manufacturers operating within this space facing shortage in terms raw materials supply thus hampering production capabilities across industries affecting global economy adversely including that related to Singapore wood flooring markets impacting sales considerably over short term period during mid 2020 on account lockdown situation faced globally then onwards gradually recovering post easing off restrictions measure at local level resuming operations but still fearing economic slowdown situation prevailing worldwide currently extending till end 2021 yet uncertainly depending upon timely vaccine availability provided conditions remain favorable then only recovery scenario can be seen emerging forthwith otherwise prolong delay witnessed likely before returning back normalcy observed prior pandemic times again anytime soon until then current state dynamics expected prevail continuing same way albeit slight fluctuations here n there noticed occasionally but no drastic changes anticipated near term.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Wood Flooring Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Wood Flooring Market Revenues & Volume, 2020 & 2030F |
3.3 Singapore Wood Flooring Market - Industry Life Cycle |
3.4 Singapore Wood Flooring Market - Porter's Five Forces |
3.5 Singapore Wood Flooring Market Revenues & Volume Share, By Product Type, 2020 & 2030F |
3.6 Singapore Wood Flooring Market Revenues & Volume Share, By Distribution Channel, 2020 & 2030F |
3.7 Singapore Wood Flooring Market Revenues & Volume Share, By End-User, 2020 & 2030F |
4 Singapore Wood Flooring Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Singapore Wood Flooring Market Trends |
6 Singapore Wood Flooring Market, By Types |
6.1 Singapore Wood Flooring Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore Wood Flooring Market Revenues & Volume, By Product Type, 2020-2030F |
6.1.3 Singapore Wood Flooring Market Revenues & Volume, By Solid Wood, 2020-2030F |
6.1.4 Singapore Wood Flooring Market Revenues & Volume, By Engineered Wood, 2020-2030F |
6.2 Singapore Wood Flooring Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Singapore Wood Flooring Market Revenues & Volume, By Home Centers, 2020-2030F |
6.2.3 Singapore Wood Flooring Market Revenues & Volume, By Flagship Stores, 2020-2030F |
6.2.4 Singapore Wood Flooring Market Revenues & Volume, By Specialty Stores, 2020-2030F |
6.2.5 Singapore Wood Flooring Market Revenues & Volume, By Online, 2020-2030F |
6.2.6 Singapore Wood Flooring Market Revenues & Volume, By Other, 2020-2030F |
6.3 Singapore Wood Flooring Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Singapore Wood Flooring Market Revenues & Volume, By Residential, 2020-2030F |
6.3.3 Singapore Wood Flooring Market Revenues & Volume, By Commercial, 2020-2030F |
7 Singapore Wood Flooring Market Import-Export Trade Statistics |
7.1 Singapore Wood Flooring Market Export to Major Countries |
7.2 Singapore Wood Flooring Market Imports from Major Countries |
8 Singapore Wood Flooring Market Key Performance Indicators |
9 Singapore Wood Flooring Market - Opportunity Assessment |
9.1 Singapore Wood Flooring Market Opportunity Assessment, By Product Type, 2020 & 2030F |
9.2 Singapore Wood Flooring Market Opportunity Assessment, By Distribution Channel, 2020 & 2030F |
9.3 Singapore Wood Flooring Market Opportunity Assessment, By End-User, 2020 & 2030F |
10 Singapore Wood Flooring Market - Competitive Landscape |
10.1 Singapore Wood Flooring Market Revenue Share, By Companies, 2023 |
10.2 Singapore Wood Flooring Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |