Press release
Hardwood Flooring Market 2023: Industry Analysis, Size, Share, Trends, Growth And Forecast To 2032
Hardwood Flooring Market
As per the hardwood flooring market report by The Business Research Company, The rapid inclination toward aesthetically appealing and sophisticated interiors by residential and commercial building customers is driving the growth of the hardwood flooring market. Residential and commercial building customers are increasingly focused on redefining the interiors with a major focus on improving air quality, thermal comfort, quality of internal lighting, using recyclable materials, and chemical-free materials.
The global hardwood flooring market size grew from $48.4 billion in 2022 to $51.35 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hardwood flooring market size is expected to grow to $62.09 billion in 2027 at a CAGR of 4.9%.
Read More On The Hardwood Flooring Market Report Here:
https://www.thebusinessresearchcompany.com/report/hardwood-flooring-global-market-report
Major competitors in the hardwood flooring market include AHF Products, Armstrong Flooring, Inc., Beaulieu International Group, BerryAlloc, Bruce Evans Flooring, LLC, Classen, Egger Group, Formica Group, FRITZ EGGER GmbH & Co. OG, Harris Wood, Formica Group, Anderson, Boral, Brumark, DuChateau, Eco Timber, Flooring Innovations, Inc., Gerflor Group., and Goodfellow, Inc
The hardwood flooring market is segmented -
1) By Product Type: Solid Wood, Engineered Wood
2) By Design Outlook: Plank, Strip, Parquet, Other Designs
3) By Raw Material: Red Oak, White Oak, Maple, Other Raw Materials
4) By Distribution Channel: Offline Stores, Online Stores
5) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the hardwood flooring market.
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Hardwood flooring refers to any timber-based product, whether functional or aesthetically pleasing, made with hardwood to provide strength and shear strength to the surface. Hardwood flooring is highly attractive, low-cost, and offers a premium finish over the other flooring materials.
The Table Of Content For The Hardwood flooring market Include:
1. Executive Summary
2. Hardwood Flooring Market Characteristics
3. Hardwood Flooring Market Trends And Strategies
4. Hardwood Flooring Market - Macro Economic Scenario
5. Hardwood Flooring Market Size And Growth
......
26. Africa Hardwood Flooring Market
27. Hardwood Flooring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hardwood Flooring Market
29. Hardwood Flooring Market Future Outlook and Potential Analysis
30. Appendix
The "Global Hardwood flooring market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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