Hardwood Flooring Market 2022: Global Report, Size (US$ 59.1 Billion by 2027), Share, Growth (CAGR of 4.4%), Demand, Price, Volume, and Forecast

Hardwood Flooring Market Report 2022-2027:

The latest report by IMARC Group, titled "Hardwood Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on the global hardwood flooring market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global hardwood flooring market size reached US$ 45.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 59.1 Billion by 2027, exhibiting a growth rate (CAGR) of 4.4% during 2022-2027.

Hardwood flooring represents a type of flooring that is manufactured using natural wood obtained from dicot flowering trees, including oak, teak, balsa, maple, walnut, etc. It is fixed over a proper subfloor by a fastener specifically designed for its installation. When compared to other flooring variants, hardwood flooring is easy to install, offers an aesthetic appeal, and requires relatively less or no routine maintenance. Consequently, it is extensively utilized in commercial and residential establishments across countries.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Hardwood Flooring Market Trends:

The escalating demand for advanced infrastructural facilities with aesthetically appealing and sophisticated interiors is primarily driving the hardwood flooring market. Besides this, the widespread product adoption in schools, offices, and houses, owing to its several benefits, such as durability, flexibility, scratch-resistance, etc., is further catalyzing the market growth. Additionally, hardwood flooring has zero VOC emissions and does not trap dust, mold pollen, particulates, or other allergens in its grout lines, which helps in easy cleaning and enhancement of overall air quality. This, in turn, is also propelling the product demand.

Moreover, the rising utilization of advanced print and textural techniques to develop high-performance hardwood flooring is acting as another significant growth-inducing factor. Apart from this, the introduction of product variants in a wide array of unique designs, color combinations, sizes, etc., by leading manufacturers to offer versatile functions and expand their customer base is anticipated to fuel the hardwood flooring market over the forecasted period.

Explore the Full Report with TOC & List of Figures: https://www.imarcgroup.com/hardwood-flooring-market

Competitive Landscape:

By IMARC group the report has also analyzed the competitive landscape of the market with some of the top hardwood flooring companies being

Some of these key players include:

• AHF, LLC
• UNILIN
• Beaulieu International Group
• Classen
• FRITZ EGGER GmBH & Co. OG
• Formica

Key Market Segmentation:

Breakup by Raw Material:

• Red Oak
• White Oak
• Maple
• Others

Breakup by End Use Sector:

• Residential Sector
• Commercial Sector

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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