Bamboo Flooring Market Overview:
Flooring using the bamboo stalk is called the bamboo flooring. Originating in China primarily, this concept has taken to the world starting from Asia. Of the species of bamboo used for the purpose of flooring, the Moso variant of bamboo is most commonly used across China and now most of Asia. However, the market is not very huge for bamboo flooring. With over 90% of the bamboo in China being the Moso type, the bamboo flooring market is a little over 5% of the entire population. Bamboo variants include solid strand bamboo, engineered strand bamboo and classic bamboo. Its application has extended from just building of homes i.e., it is now used both residentially and commercially in spite of worries about the concept of bamboo flooring disturbing the ecological balance by contributing to deforestation.
Bamboo Flooring Market Size:
Bamboo Flooring Market was valued at USD 1130 million in 2016 and poised to reach USD 1350 million by 2021 growing at a CAGR of 4.16% during the forecast period 2016 to 2021.
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Bamboo Flooring Market Growth Factors, Drivers and Restraints:
The competition is primarily between organized players and is intense in terms of market size, production capacity, features, pricing and revenue. The competition focusses on technology development and most players utilize high-end equipment during manufacturing process of bamboo flooring. Although, water resistant, bamboo flooring is not suitable for damp environments because it still is an organic material and in excess moisture, will start to deteriorate, and it is also highly susceptible to scratching. The fact that there is no industry standard of grading for quality is a deterrent for many consumers. However, its easy maintenance, price affordability, durability and its look and feel of plywood flooring does create a substantial market for it.
Bamboo Flooring Market Geographical Overview:
Geographically, the industry is segmented into North America, Europe, China, Japan, India, Middle East and Africa and South East Asia. Places where parameters of maintain ecological balance is high, opt for bamboo flooring because of its feature of water resistance and being eco-friendly. This includes places like Japan, China, Canada etc.
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Key Players of Bamboo Flooring Market:
Market is fragmented with the option of bamboo flooring left mostly to the owner. Some of the major manufacturers are Yoyo, Dasso, Tianzhen, Tengda, Kangda, Teragren, bamboo hardwoods, Huayu, Sinochon, Eco Bamboo and woods, and others.
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