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Wood Flooring Market Analysis, Trends, Growth, Research And Forecast 2032
Wood Flooring Market
The Business Research Company's Wood Flooring Global Market Report 2023 identifies the rising demand for housing facilities with eco-friendly designs as the major driver for the wood flooring market's growth in the forecast period. Eco-friendly housing facilities are housing features such as roof and flooring that is not harmful to the environment. Wood flooring is eco-friendly as it uses natural materials and can be used in sustainable housing.
The global wood flooring market size is expected to grow from $47.57 billion in 2022 to $50.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. 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 global wood flooring size is expected to grow to $62.19 billion in 2027 at a CAGR of 5.4%.
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Major competitors in the wood flooring market are Mohawk Industries Inc., Armstrong Flooring Inc., Beaulieu International Group, Shaw Industries Group Inc., Boral Limited, Mannington Mills Inc., Tarkett S.A., British Hardwood Flooring, Kahrs Group, E.P. Co. Inc., Wickes Ltd., Home Legend LLC, Somerset Hardwood Flooring Inc.
A key trend in the wood flooring market includes technological advancement. Major companies in the market are introducing products based on innovative technologies to sustain their position in the market. For instance, in June 2020, Välinge Innovation, a Sweden-based manufacturer of innovative flooring solutions, launched flooring products under the name Välinge Flooring. The new product line is based on Valinge's Woodura surface technology. It has a thin sheet of real wood fused with a wood fiber core by a powder mix layer. The powder mix gets accumulated in the natural openings of wood and enhances the strength and durability of the product while improving its aesthetics of it. The new flooring is claimed to be three to five times stronger than other hardwood floorings.
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The wood flooring market is segmented -
• By Product: Solid Wood, Laminated Wood, Engineered Wood
• By Distribution Channels: Home Centres, Flagship Stores, Speciality Stores, Online, Other Distribution Channels
• By End Use: Residential, Commercial
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the wood flooring market.
The Business Research Company's "Global Wood Flooring Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Wood Flooring Market Include:
1. Executive Summary
2. Wood Flooring Market Characteristics
3. Wood Flooring Market Trends And Strategies
4. Wood Flooring Market - Macro Economic Scenario
5. Wood Flooring Market Size And Growth
……
26. Africa Wood Flooring Market
27. Wood Flooring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Wood Flooring Market
29. Wood Flooring Market Future Outlook and Potential Analysis
30. Appendix
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