Wood Flooring Market By Product (Solid Wood and Engineered Wood) By Distribution Channel (Home Centers, Flagship Stores, Retail Stores, Online and Others) By End Use Industry (Residential, Commercial and Industrial), By Region (North America, Europe, Asia Pacific, Middle East & Africa, South America) – Market Size & Forecasting to 2032

The Global Wood Flooring Market Market report includes a global opportunity analysis and industry forecasts for the period 2023-2032. The global market was valued at USD 80.12  billion in 2022, registering a CAGR of 6.02% from 2023 to 2032. The base year considered for the study is 2021, and the forecast has been provided for the period, 2023 to 2032.

This research report categorizes the market for wood flooring based on various segments and regions and forecasts revenue growth and analysis of trends in each of the submarkets. The report analyses the key growth drivers, opportunities and challenges, which influence the wood flooring market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included in order to draw the competitive landscape in the wood flooring market. The report strategically identifies and profiles the key market players and analyses their core competencies in each type and application of the wood flooring market.

FIGURE 1 wood flooring Market – Market Scope

The Global Wood Flooring Market was valued at USD 80.12  billion in 2022  at a CAGR of 6.02% during the forecast period 2023- 2032. The global wood flooring market is anticipated to witness significant growth in the next few years, owing to the consumer preference for green buildings coupled with the growing construction of residential buildings, across the globe. Advancements in raw materials coupled with printing technology have further improved the demand for the wood flooring market in the past few years.

Manufacturers that specialize in producing wood flooring products offer a wide range of colors and designs that further enhances the aesthetics of interiors. The increasing research and development by major manufacturers in terms of innovative designs and efficient services are projected to drive the global wooden flooring market. Furthermore, the growing trends of repair and maintenance and new construction have also fueled the demand for wood flooring. Wood-based floors are durable and are also easy to install and are highly preferred by customers in the overall flooring industry. However, the fluctuating cost of raw materials may hinder the growth of the global wood floor market. 

The global wood flooring market is segmented based on the product, distribution channels, end-use industry, and region.

FIGURE 2 wood flooring MARKET: by Product, 2020 -2028

Based on product, the global wood flooring market is segmented into solid wood which is further segmented into red oak, white oak, maple, and others and engineered woods. The solid wood segment emerged as the largest segment because of it’s to its moderate price.

FIGURE 3 wood flooring MARKET: by Distribution Channel, 2020 – 2028

Based on distribution channels, the global wood flooring market is segmented into home centers, flagship stores, retail stores, online, and others. The retail store segment is anticipated to dominate the market. Retail distribution channels are important to wood flooring manufacturers and distributors due to their heavy dependence on the residential replacement market.

FIGURE 4 wood flooring MARKET: by End-Use Industry, 2020 – 2028

Based on the end-use industry, the global wood flooring market is segmented into residential commercial, and industrial. The residential segment is anticipated to dominate the market. This is attributed to the growing population in emerging economies which in turn drives the demand for residential buildings. Hence, the residential application segment is anticipated to exhibit a sustainable growth rate over the forecast period.

FIGURE 5 wood flooring market: by region, 2017-2028

By Region, this market is segmented by North America, Asia Pacific, Europe, Middle East & Africa, and South America. Asia Pacific region is anticipated to dominate the market due to rapid urbanization and resulting housing and real estate development; preference for tropical wood flooring in rich, beautiful, and luxurious designs; the launch of affordable engineered wood flooring solutions; and expanding middle class and their changing attitude towards flooring decors.

The competitive scenario highlights the performance of major companies operating in this market. This includes the detailed profiling of major companies and their competitive benchmarking. Product profiling provides key information including products/solutions offered, key developments, company performances, and strategies adopted in recent years. Major companies profiled in the market include Armstrong Flooring, Inc., Mannington Mills Inc., Mohawk Industries, Inc., Pergo, Shaw Industries Group, Inc., Q.E.P. Co., Inc., Wickes Ltd., Home Legend, LLC., Somerset Hardwood Flooring, Provenza Floors, Inc., Boral Limited, Brumark Total Flooring Solutions, and others. These companies have adopted product development, expansion, and merger strategies to consolidate market position amongst the intense competition.

Years Covered in the Study:

Historic Year: 2019-2020

Base Year: 2021

Estimated Year: 2022

Forecast Year: 2032

Market Segmentation:

By Product:

  • Solid Wood
  • Engineered Wood

By Distribution Channel:

  • Home Centers
  • Flagship Stores
  • Retail Stores
  • Online
  • Others

By End-Use Industry:

  • Residential
  • Commercial
  • Industrial

By Region:

North America

  • By Country (US, Canada, Mexico)
  • By Product
  • By Distribution Channel
  • By End-Use Industry 

Western Europe:

  • By Country (Germany, UK, France, Spain, Rest of Western Europe)
  • By Product
  • By Distribution Channel
  • By End-Use Industry 

Eastern Europe:

  • By Country (Russia, Turkey, Rest of Eastern Europe)
  • By Product
  • By Distribution Channel
  • By End-Use Industry 

Asia Pacific

  • By Country (China, Japan, India, Rest of Asia Pacific)
  • By Product
  • By Distribution Channel
  • By End-Use Industry 

Middle East:

  • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
  • By Product
  • By Distribution Channel
  • By End-Use Industry 

Rest of the World

  • By Region (Latin America, Brazil, Rest of the World)
  • By Product
  • By Distribution Channel
  • By End-Use Industry 

Reasons To Buy This Report:

    • Market size estimation of the wood flooring market on a regional and global basis 
    • Unique research design for market size estimation and forecast 
    • Profiling of major companies operating in the market with key developments
    • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
    • By Segment 
    • By Sub-segment 
    • By Region/Country
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