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Wooden Floor Market Growth Factors Impact Analysis 2025 | At a CAGR of 5.9%

08-01-2023 05:56 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Wooden Floor Market

Wooden Floor Market

A wooden floor, also known as hardwood flooring, is a type of flooring made from solid wood or engineered wood. It is a popular choice for both residential and commercial spaces due to its natural beauty, durability, and timeless appeal. The global wooden floor market was valued at $90,638.1 million in 2017, and is projected to reach $141,091.3 million in 2025, growing at a CAGR of 5.9%, while in terms of volume, the market is expected to grow at a CAGR of 4.7% by 2025.

A wooden floor is a type of hard surface flooring, which lasts for decades, can be cleaned easily, and is hygienic than other flooring. There is an increase in demand for the flooring, owing to rise in construction projects across different regions of the world. In addition, its installation enhances the beauty adds value, and makes the room look spacious, which are expected to propel the growth of the market. However, high cost of manufacturing is anticipated to restrain the market growth.

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Benefits of Wooden Floors:
Aesthetics: Wooden floors add warmth, elegance, and natural beauty to any space. They come in a wide range of colors, grains, and finishes, offering versatility to match various interior design styles.
Durability: Solid wood flooring is highly durable and can last for decades with proper care. Engineered wood flooring is also durable, with a wear layer that can withstand regular foot traffic.

Easy Maintenance: Wooden floors are relatively easy to clean and maintain. Regular sweeping and occasional mopping are typically sufficient to keep them looking great.

Hypoallergenic: Wooden floors are a better option for people with allergies since they don't trap dust, pet dander, or other allergens like carpets do.
Value Addition: Installing wooden floors can increase the resale value of a property due to its attractiveness and long-lasting nature.

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Top Players:
The key players profiled in this report include Armstrong, Beaulieu International Group, Berkshire Hathaway, Boral Limited, Brumark Corporation, Khrs Holding AB, Mannington Mills, Mohawk Industries, Nature Home Holding Company Limited, and Tarkett.

It's important to note that wooden floors require proper acclimatization, installation, and maintenance to ensure their longevity and optimal performance. Additionally, the choice between solid wood and engineered wood should consider factors like the location, subfloor type, and budget.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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