Unlocking Opportunities in the Hardwood Flooring Market: 2025-2034 Forecast Report

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What Will the Hardwood Flooring Industry Market Size Be by 2025?
The market size of hardwood flooring has seen a substantial increase in the past few years. The market, which valued at $53.35 billion in 2024, is projected to escalate to $56.32 billion in 2025, marking a compound annual growth rate (CAGR) of 5.6%. The surge during the historical period is credited to heightened demand for visual attractiveness, a boost in residential construction, enduring lifespan, real estate trends, and architectural patterns.

What's the Long-Term Growth Forecast for the Hardwood Flooring Market Size Through 2029?
In the following years, the hardwood flooring market is projected to experience robust growth, escalating to a worth of $74.5 billion by 2029 with a compound annual growth rate (CAGR) of 7.2%. This predicted surge during the forecast period can be credited to aspects like sustainable sourcing and certification, a growing elderly population, the ability to customize and personalize, luxury and premium sectors, and the increase in emerging markets. The period also anticipates trends such as engineered hardwood flooring, distinctive and rare wood species, digital visualization tools, matte and subdued-gloss finishes, along with herringbone and chevron designs.

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What Are the Key Growth Drivers Fueling the Hardwood Flooring Market Expansion?
The hardwood flooring market is flourishing thanks to a robust inclination among residential and commercial building consumers towards elegant and tastefully designed interiors. These consumers are showing a growing concentration on revamping their interiors by focusing on improving features such as air purity, temperature comfort, quality of indoor lighting, plus the use of recyclable and chemical-free materials. A study by Pinterest reveals that 60% of its users rely on social visual networks to inform their home decor buying decisions. This shift in customer tastes is predicted to promote the application of hardwood flooring across various sectors worldwide as part of interior design efforts.

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What Are the Key Trends Driving Hardwood Flooring Market Growth?
Advancements in technology is an emerging trend in the hardwood flooring market that's gaining popularity. Manufacturers within this market are introducing novel products to provide superior quality hardwood flooring and items resistant to diverse external elements. For example, Mannington Mills, Inc., a leading US-based flooring solution provider, released TimberPlus in February 2022. This hardwood flooring solution provides advantages like straightforward installation, economical operation, and lowered upkeep expenses.

How Is the Hardwood Flooring Market Segmented?
The hardwood flooring market covered in this report is segmented -

1) By Product Type: Solid Wood, Engineered Wood
2) By Raw Material: Red Oak, White Oak, Maple, Other Raw Materials
3) By Design Outlook: Plank, Strip, Parquet, Other Designs
4) By Distribution Channel: Offline Stores, Online Stores

Subsegments:
1) By Solid Wood: Oak, Maple, Cherry, Hickory, Walnut
2) By Engineered Wood: Multi-Layer Engineered Wood, Thin-Profile Engineered Wood, Specialty Engineered Wood

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Which Companies Are Leading the Charge in Hardwood Flooring Market Innovation?
Major companies operating in the hardwood flooring market include AHF Products, Armstrong Flooring Inc., Beaulieu International Group, BerryAlloc NV, Bruce Evans Flooring LLC, Classen Group, Egger Group, Formica Corporation, Harris Wood Ltd., Anderson Group of Companies Ltd., Boral Ltd., Brumark Enterprises Inc., Duchateau LLC, Eco Timber Ltd., Flooring Innovations Inc., Gerflor SAS, Goodfellow Inc., Hartco Inc., Mohawk Industries Inc., Mannington Mills Inc., Home Legend LLC, Somerset Hardwood Flooring Inc., Provenza Floors Inc., Shaw Industries Group Inc., Pergo LLC, Mullican Flooring, Mirage Floors, Lauzon Distinctive Hardwood Flooring Inc., Wickham Hardwood Flooring, Mercier Wood Flooring, IndusParquet Indústria de Pisos Ltda

Which Regions Are Leading the Global Hardwood Flooring Market in Revenue?
North America was the largest region in the hardwood flooring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hardwood flooring market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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