UK Market for Wood Floorcoverings in the Contract Sector 2014-2020 by Value (£m at MSP)
PRODUCT MIX Laminates currently account for the largest share of the total wood floorcoverings sector, with around 59% of the market by value, although this share has declined from an estimated 70% in 2004. Despite a decline in the share held by laminates over the last decade or so, it has remained relatively steady in recent years.
SUPPLY STRUCTURE In recent years, the number of suppliers in the contract wood flooring market has grown. Suppliers in the sector include manufacturers, timber merchants, wood specialists, import agents and distributors, with importers being especially prevalent in the laminates sector where they dominate the market. Most are based within Europe, although Asian-based suppliers have also targeted the UK market in recent years.
An increasing number of key players have entered the solid/engineered wood sector in the last few years, with timber merchants and wood specialists now offering solid or engineered wood flooring as a value-added product to their ranges.
FUTURE PROSPECTS Current trends in this sector point to positive growth of around 2-3% per annum between 2018 and 2022, taking into account the current prospects for the UK economy which are unsettled at present. Competition from other flooring types is likely to remain a significant feature of this sector in the medium term, particularly from wood-effect vinyl and floor tiles, which have the added advantage of being suitable for wet areas, where some wooden flooring cannot be used.
Imports account for a significant share of the market and are likely to increase in price in the short term as the Pound Sterling remains at a lower level, particularly against the Euro. The expected modest performance will probably be the result of a decline in new-build and refurbishment projects in the private commercial sector, reflecting the uncertainty surrounding the ongoing Brexit negotiations and the potential impact on the office construction and refurbishment sector.
Overall Wood Floorcoverings Market Product Mix – 2017 (% by Value)
The solid and engineered woods sector had seen fairly firm growth from 2012 onwards, however, in 2016 growth fell to 1% and similar growth is predicted for 2017. Wood flooring, particularly solid wood, is facing strong competition from alternative flooring products, principally vinyl, where production techniques have been developed to enable the product to simulate natural wood.
Accessories account for a relatively small share of the market in value terms, which continued to decrease in 2016. Accessories are an essential component of the flooring installation process and the demand for wood flooring accessories reflects demand in the wood flooring sector itself, which has been relatively subdued.
”Current trends in
this sector point to positive growth of around 2-3% per annum between 2018 and 2022.”
Extracted from the ‘Wood and Laminate Floorcoverings Market Report - UK 2017- 2021 Analysis & Contract Floorcoverings Market Report – UK 2018-2022’
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