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The total value of the global wood flooring market was $47.3 billion in 2022, and it is expected to increase to $79 billion by 2030, a 6.9% CAGR from 2023 to 2030.
The worldwide wood flooring industry is expanding at a steady rate due to factors such as rising consumer interest in eco-friendly and visually beautiful flooring materials. The natural and enduring beauty of wood flooring has made it a popular choice for both homes and businesses. Consistent expansion has been seen in the market as a result of urbanization, remodeling, and rising disposable incomes, especially in developing countries. The market for wood flooring has been bolstered by the public's increasing interest in and desire for environmentally sustainable products. However, there are a number of difficulties plaguing the wood flooring industry as well. Having enough raw materials on hand is a major obstacle. Given wood's scarcity, it's critical that flooring be made from sustainably sourced wood if we're going to keep forests standing and ecological harmony from being upset. Wood flooring producers' bottom lines can also be impacted by factors such as the volatility of raw material costs and strict laws around timber sourcing. The threat of competition from other kinds of flooring is another difficulty. Alternatives to wood flooring that are both affordable and practical include laminate, vinyl, and ceramic tile. These materials may successfully imitate the look of wood while still giving practical benefits like durability and low upkeep. Competition from other flooring types hinders the expansion of the wood flooring industry. In addition, wood flooring installation and upkeep call for specialized knowledge and attention. Wood floors are susceptible to deterioration, warping, and discolouration from improper installation, lack of upkeep, and exposure to moisture and humidity. Consumers may view the need for specialized personnel and routine maintenance as an unnecessary burden.
Product-Based Analyses
There are two main types of wood flooring on the market today: solid wood and engineered wood. Solid wood flooring has been around the longest and is still going strong, but engineered wood flooring is where the action is. Solid wood flooring, which is crafted from a single plank of wood, has always been a favorite among both homes and business owners for its timeless beauty, resilience, and longevity. It's a classic and opulent flooring option with a timeless look and feel thanks to its genuine wood construction. Oak, maple, and walnut are just a few examples of the many species from which you can choose while shopping for solid wood flooring.
Engineered Wood flooring is the fastest-growing component of the global wood flooring market. This is because of its adaptability, rising consumer awareness of its advantages, and enhanced quality and variety brought about by technological developments in manufacturing. Engineered Wood flooring has seen fast adoption, particularly in commercial and residential settings, due to its ability to duplicate the look of Solid Wood while delivering increased resilience and compatibility with varied situations.
Consumer Behavior Analysis
The worldwide demand for wood flooring can be broken down into two distinct markets: residential and commercial. The residential sector is currently the largest of them, but the commercial sector is expanding at a much faster rate. Demand from homeowners and landlords who are looking to improve the look and resale value of their properties has made residential flooring the largest market for wood flooring. Wood flooring in homes creates a welcoming space with a touch of class and elegance thanks to its natural beauty. Wood flooring is a popular choice among homeowners because it is attractive, durable, and easy to maintain. Due to the large number of residential properties and the popular desire for wood flooring, the Residential segment leads the wood flooring market.
The global market for wood flooring, namely in the commercial sector, is expanding rapidly. In this category, you can find a wide range of businesses, from offices to shops to restaurants to schools. The growing popularity of wood flooring can be attributed to the widespread emphasis on making commercial areas look nice. Wood flooring is a great choice for businesses looking to project an image of professionalism and sophistication to their customers. Wood flooring is ideal for high-traffic areas since it is long-lasting and simple to clean and repair. Construction, refurbishment, and the growing preference for using natural components in business interiors are all factors contributing to the commercial sector's explosive expansion.
Important Developments in the Market
Consumers are increasingly exhibiting a preference for broad plank wood flooring, signaling a shift in the flooring market. The contemporary and airy feel that wide planks bring to a room is one of their many benefits. A move toward airier, more contemporary interiors can be seen in this movement.
Flooring that is both long-lasting and good for the environment is becoming increasingly popular, and for good reason. More and more shoppers are looking for products that were created with recycled materials or wood from sustainably managed forests. Sustainable sourcing can be guaranteed thanks to certification schemes like Forest Stewardship Council's (FSC).
Report Coverage
Global Wood Flooring research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Wood Flooring report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Wood Flooring competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Wood Flooring market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Wood Flooring market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Wood Flooring market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Mohawk Industries (US), Shaw Industries Group, Inc. (US), Armstrong Flooring, Inc. (US), Mannington Mills, Inc. (US), Tarkett Group (France), Kährs Holding AB (Sweden), Boral Limited (Australia), Mullican Flooring (US), Beaulieu International Group (Belgium), Power Dekor Group Co., Ltd. (China), Toli Corporation (Japan), Formica Corporation (US), Robina Flooring Sdn Bhd (Malaysia), Home Legend, LLC (US), Teka Parquet (Spain), Barlinek SA (Poland), Woodpecker Flooring Ltd. (UK), Havwoods International (UK), Boen (Norway), Junckers Industrier A/S (Denmark)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Wood Flooring market based on the below-mentioned segments:
Global Wood Flooring Market, By Product
Solid Wood
Engineered Wood flooring
Global Wood Flooring Market, By End User
Residential
Commercial sectors
Global Wood Flooring market, Regional Analysis
The worldwide wood flooring industry is expanding at a steady rate due to factors such as rising consumer interest in eco-friendly and visually beautiful flooring materials. The natural and enduring beauty of wood flooring has made it a popular choice for both homes and businesses. Consistent expansion has been seen in the market as a result of urbanization, remodeling, and rising disposable incomes, especially in developing countries. The market for wood flooring has been bolstered by the public's increasing interest in and desire for environmentally sustainable products. However, there are a number of difficulties plaguing the wood flooring industry as well. Having enough raw materials on hand is a major obstacle. Given wood's scarcity, it's critical that flooring be made from sustainably sourced wood if we're going to keep forests standing and ecological harmony from being upset. Wood flooring producers' bottom lines can also be impacted by factors such as the volatility of raw material costs and strict laws around timber sourcing. The threat of competition from other kinds of flooring is another difficulty. Alternatives to wood flooring that are both affordable and practical include laminate, vinyl, and ceramic tile. These materials may successfully imitate the look of wood while still giving practical benefits like durability and low upkeep. Competition from other flooring types hinders the expansion of the wood flooring industry. In addition, wood flooring installation and upkeep call for specialized knowledge and attention. Wood floors are susceptible to deterioration, warping, and discolouration from improper installation, lack of upkeep, and exposure to moisture and humidity. Consumers may view the need for specialized personnel and routine maintenance as an unnecessary burden.
Product-Based Analyses
There are two main types of wood flooring on the market today: solid wood and engineered wood. Solid wood flooring has been around the longest and is still going strong, but engineered wood flooring is where the action is. Solid wood flooring, which is crafted from a single plank of wood, has always been a favorite among both homes and business owners for its timeless beauty, resilience, and longevity. It's a classic and opulent flooring option with a timeless look and feel thanks to its genuine wood construction. Oak, maple, and walnut are just a few examples of the many species from which you can choose while shopping for solid wood flooring.
Engineered Wood flooring is the fastest-growing component of the global wood flooring market. This is because of its adaptability, rising consumer awareness of its advantages, and enhanced quality and variety brought about by technological developments in manufacturing. Engineered Wood flooring has seen fast adoption, particularly in commercial and residential settings, due to its ability to duplicate the look of Solid Wood while delivering increased resilience and compatibility with varied situations.
Consumer Behavior Analysis
The worldwide demand for wood flooring can be broken down into two distinct markets: residential and commercial. The residential sector is currently the largest of them, but the commercial sector is expanding at a much faster rate. Demand from homeowners and landlords who are looking to improve the look and resale value of their properties has made residential flooring the largest market for wood flooring. Wood flooring in homes creates a welcoming space with a touch of class and elegance thanks to its natural beauty. Wood flooring is a popular choice among homeowners because it is attractive, durable, and easy to maintain. Due to the large number of residential properties and the popular desire for wood flooring, the Residential segment leads the wood flooring market.
The global market for wood flooring, namely in the commercial sector, is expanding rapidly. In this category, you can find a wide range of businesses, from offices to shops to restaurants to schools. The growing popularity of wood flooring can be attributed to the widespread emphasis on making commercial areas look nice. Wood flooring is a great choice for businesses looking to project an image of professionalism and sophistication to their customers. Wood flooring is ideal for high-traffic areas since it is long-lasting and simple to clean and repair. Construction, refurbishment, and the growing preference for using natural components in business interiors are all factors contributing to the commercial sector's explosive expansion.
Important Developments in the Market
Consumers are increasingly exhibiting a preference for broad plank wood flooring, signaling a shift in the flooring market. The contemporary and airy feel that wide planks bring to a room is one of their many benefits. A move toward airier, more contemporary interiors can be seen in this movement.
Flooring that is both long-lasting and good for the environment is becoming increasingly popular, and for good reason. More and more shoppers are looking for products that were created with recycled materials or wood from sustainably managed forests. Sustainable sourcing can be guaranteed thanks to certification schemes like Forest Stewardship Council's (FSC).
Report Coverage
Global Wood Flooring research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Wood Flooring report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Wood Flooring competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Wood Flooring market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Mohawk Industries (US), Shaw Industries Group, Inc. (US), Armstrong Flooring, Inc. (US), Mannington Mills, Inc. (US), Tarkett Group (France), Kährs Holding AB (Sweden), Boral Limited (Australia), Mullican Flooring (US), Beaulieu International Group (Belgium), Power Dekor Group Co., Ltd. (China), Toli Corporation (Japan), Formica Corporation (US), Robina Flooring Sdn Bhd (Malaysia), Home Legend, LLC (US), Teka Parquet (Spain), Barlinek SA (Poland), Woodpecker Flooring Ltd. (UK), Havwoods International (UK), Boen (Norway), Junckers Industrier A/S (Denmark) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Wood Flooring Market from 2021 to 2030.
- Market Forecast for Wood Flooring Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Wood Flooring competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Wood Flooring
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Wood Flooring market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Wood Flooring market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Mohawk Industries (US), Shaw Industries Group, Inc. (US), Armstrong Flooring, Inc. (US), Mannington Mills, Inc. (US), Tarkett Group (France), Kährs Holding AB (Sweden), Boral Limited (Australia), Mullican Flooring (US), Beaulieu International Group (Belgium), Power Dekor Group Co., Ltd. (China), Toli Corporation (Japan), Formica Corporation (US), Robina Flooring Sdn Bhd (Malaysia), Home Legend, LLC (US), Teka Parquet (Spain), Barlinek SA (Poland), Woodpecker Flooring Ltd. (UK), Havwoods International (UK), Boen (Norway), Junckers Industrier A/S (Denmark)
Primary Target Market
- Market Players of Wood Flooring
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Wood Flooring market based on the below-mentioned segments:
Global Wood Flooring Market, By Product
Solid Wood
Engineered Wood flooring
Global Wood Flooring Market, By End User
Residential
Commercial sectors
Global Wood Flooring market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the wood flooring market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.