Elevated Demand For Aesthetic Interiors Fuels Growth In The Hardwood Flooring Market Emerges as a Core Driver of the Hardwood Flooring Market in 2025

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What Is the Expected CAGR for the Hardwood Flooring Market Through 2025?
The market for hardwood flooring has been experiencing progressive growth over the past few years. Its size will see an increase from $53.35 billion in 2024 to $55.74 billion in 2025, showing a compound annual growth rate (CAGR) of 4.5%. The growth in the previous period is a result of a surge in demand for aesthetic value, a rise in domestic construction, and the durability and lifespan of hardwood flooring, alongside influences from the real estate industry and architectural styles.

What's the Projected Size of the Global Hardwood Flooring Market by 2029?
The market size of hardwood flooring is anticipated to witness robust expansion in the following years. It is projected to swell to $72.93 billion by 2029, growing at a compound annual growth rate (CAGR) of 7.0%. The upturn during the prediction span can be credited to factors such as sustainable sourcing and certification, an amplifying elderly population, customization and personalization options, indulgence and supreme sections, and burgeoning emerging markets. Key trends expected during this forthcoming period encompass engineered hardwood flooring, distinctive and rare wood types, digital visualization utilities, matte and low-sheen finishes, and herringbone and chevron designs.

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Top Growth Drivers in the Hardwood Flooring Industry: What's Accelerating the Market?
The surge in interest for tasteful and refined interior spaces among residential and commercial property clients is fueling the expansion of the hardwood flooring market. Customers are intensifying their focus on reinventing their interiors, with key interests on enhancing air purity, thermal comfort, internal lighting quality, incorporating recyclable resources, and utilizing chemical-free materials. A research done by Pinterest suggests that 60% of its users have utilized this visual social platform to influence their home décor purchasing decisions. This shift in customer preference is anticipated to stimulate the application of hardwood flooring in various sectors worldwide in interior design.

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What Trends Will Shape the Hardwood Flooring Market Through 2029 and Beyond?
The hardwood flooring market is increasingly being influenced by the trend of technological innovation. Manufacturers in the hard flooring sector are introducing cutting-edge products to provide high-end hardwood flooring and items that can withstand a range of external conditions. For instance, Mannington Mills, Inc., a flooring solutions provider from the US, introduced TimberPlus in February 2022. TimberPlus is a hardwood flooring solution characterized by its easy-to-install nature, economical operation, and lowered upkeep expenses.

What Are the Main Segments in the Hardwood Flooring Market?
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 Top Companies are Driving Growth in the Hardwood Flooring Market?
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 Will Dominate the Hardwood Flooring Market Through 2029?
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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