Wood Flooring Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of the Wood Flooring Market
The wood flooring market size was valued at USD 33.279 billion in 2019, and the market is now projected to grow from 33.279 billion in 2019 to USD 41.682 billion by 2027, exhibiting a CAGR of 3.6% during the forecast period of 2019-2027.
The surge of COVID-19 has notably impacted the overall performance of the development enterprise due to regulations in logistics and transportation of guys and materials alike. Furthermore, the point of interest of clients on the usage of their cash on important items and services has been affecting the performance of the market. Owing to their herbal aesthetics, timber and laminate floors are being preferred by customers for renovating their homes through the pandemic. In the commercial segment, the workplaces and inns have offered an extended demand for those floors answers to layout the interiors to make the employees and site visitors feel at home. These factors are supplying an opportunity for the wood flooring market growth.
The majority of the materials utilized in production activities which include cement, gravel, metallic, and plastic live within the surroundings for an extended period that increases the stress on the surroundings. To boom the sustainability of the construction enterprise, numerous governments have encouraged the usage of herbal and easily decomposable products which includes wood for the development of recent buildings and renovation activities. For example, Japan’s Ministry of Agriculture, Forestry, and Fishery (MAFF) has passed a regulation to sell the usage of wooden substances in the construction of public homes. Similarly, diverse governments provide incentives for the use of wood within the construction of both residential buildings as well as commercial infrastructure.
Additionally, the unfolding of COVID has notably constrained wearing sports as a result of the restrictions positioned by numerous governments, especially on out-of-door and team-based total sporting events. As wooden flooring now not only meets those requirements but also appearance very attractive, it makes it a first-rate choice for application in indoor carrying domes and stadiums. Owing to the increasing spending capacity of the people, leisurely activities such as bowling, shooting, and futsal have gained immense impetus in various countries across the globe. This is resulting in a larger uptake of wood flooring market share.
Comprehensive Analysis of Wood Flooring Market
The wood floors marketplace is split into residential and industrial segments. The residential phase ruled the market in 2019 and is anticipated to keep its lead due to the herbal aesthetic, durability, and ease of upkeep that timber flooring provides. With more desirable capabilities inclusive of scratch and effect resistance, at the side of compatibility with radiant heating systems, the call for wooden floors in residential programs has improved drastically. These factors are expected to keep riding the residential market proportion at some stage in the forecast length.
Asia Pacific dominated the wood flooring market with a market share of 58.79% in 2019 and accounted for the biggest percentage of the worldwide market. China has been traditionally using wood within the construction of buildings, and as a consequence, it leads to the demand for these flooring products within the area. In addition to this, speedy urbanisation and improving disposable earnings of the clients have provided a push to the growth price of the marketplace within the region.
The top players in the market play a crucial role in the industry assuring industrial prospectus growth and setting market standards. These players include, Mohawk Industries, Inc. (U.S.), Armstrong Flooring, Inc. (U.S.), Shaw Industries Group, Inc. (U.S.), LL Flooring (U.S.), Junckers Industrier A/S (Denmark), British Hardwoods (UK), Connor Sports (U.S.) and Tarkett S.A. (France).
In June 2021 – LL Flooring announced the opening of new stores in West Virginia, Beckley and Hattiesburg. The new shops will include design facilities with video functionality in which customers can discover the best floor with the aid of visualising how it'll appear by uploading a picture of any room and choosing from heaps of floor designs. Besides, through this addition, the company now owns 416 shops nationwide.
Segmentation Table
Global Wood flooring Market Scope
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Growth Rate CAGR of 3.6% from 2024-2032
Historical Period 2016-2018
Unit Value (USD Billion)
Segmentation By application and Region
By application
Residential
Commercial
By Region
Americas (By Application and By Country)
U.S. (By Application)
Canada
Mexico
Brazil
Rest of Americas
Europe (By Application and By Country)
Germany (By Application)
UK (By Application)
France (By Application)
Italy (By Application)
Spain (By Application)
Russia
Poland
Denmark
Ireland
Serbia
Switzerland
Ukraine
Turkey
Rest of Europe
Asia Pacific (By Application and By Country)
Australia & New Zealand
China (By Application)
Taiwan
India
Indonesia
Philippines
Rest of Asia Pacific
Rest of World (By Application)Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Insights on Impact of COVID-19 on Global Wood Flooring Market
- 5.1. Supply Chain Analysis & Challenges due to Covid-19
- 5.2. Steps taken by Government / Companies to Overcome this Impact
- 5.3. Potential Challenges and Opportunities due to COVID-19 Outbreak
- 6. Global Wood Flooring Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Application (Value and Volume)
- 6.2.1.1. Residential
- 6.2.1.2. Commercial
- 6.2.2. By Region (Value and Volume)
- 6.2.2.1. Americas
- 6.2.2.2. Europe
- 6.2.2.3. Asia Pacific
- 6.2.2.4. Rest of World
- 7. Americas Wood Flooring Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Application (Value and Volume)
- 7.2.1.1. Residential
- 7.2.1.2. Commercial
- 7.2.2. By Country (Value and Volume)
- 7.2.2.1. U.S
- 7.2.2.2. Canada
- 7.2.2.3. Mexico
- 7.2.2.4. Brazil
- 7.2.2.5. Rest of Americas
- 8. Europe Wood Flooring Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Application (Value and Volume)
- 8.2.1.1. Residential
- 8.2.1.2. Commercial
- 8.2.2. By Country (Value and Volume)
- 8.2.2.1. Germany
- 8.2.2.2. UK
- 8.2.2.3. France
- 8.2.2.4. Italy
- 8.2.2.5. Spain
- 8.2.2.6. Russia
- 8.2.2.7. Poland
- 8.2.2.8. Denmark
- 8.2.2.9. Ireland
- 8.2.2.10. Serbia
- 8.2.2.11. Switzerland
- 8.2.2.12. Ukraine
- 8.2.2.13. Turkey
- 8.2.2.14. Rest of Europe
- 9. Asia-Pacific Wood Flooring Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Application (Value and Volume)
- 9.2.1.1. Residential
- 9.2.1.2. Commercial
- 9.2.2. By Country (Value and Volume)
- 9.2.2.1. Australia & New Zealand
- 9.2.2.2. China
- 9.2.2.3. Taiwan
- 9.2.2.4. India
- 9.2.2.5. Indonesia
- 9.2.2.6. Philippines
- 9.2.2.7. Rest of Asia-Pacific
- 10. Rest of World Wood Flooring Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Application (Value and Volume)
- 10.2.1.1. Residential
- 10.2.1.2. Commercial
- 10.2.2. By Country (Value and Volume)
- 11. Competitive Landscape
- 11.1. Company Profiles (Overview, Products & Services, Recent Developments, Strategies, Financials (based on availability)
- 11.1.1. Mohawk Industries, Inc.
- 11.1.1.1. Overview,
- 11.1.1.2. Products & Services,
- 11.1.1.3. Recent Developments,
- 11.1.1.4. Strategies,
- 11.1.1.5. Financials (based on availability)
- 11.1.2. Armstrong Flooring, Inc.
- 11.1.2.1. Overview,
- 11.1.2.2. Products & Services,
- 11.1.2.3. Recent Developments,
- 11.1.2.4. Strategies,
- 11.1.2.5. Financials (based on availability)
- 11.1.3. Shaw Industries Group, Inc.
- 11.1.3.1. Overview,
- 11.1.3.2. Products & Services,
- 11.1.3.3. Recent Developments,
- 11.1.3.4. Strategies,
- 11.1.3.5. Financials (based on availability)
- 11.1.4. LL Flooring
- 11.1.4.1. Overview,
- 11.1.4.2. Products & Services,
- 11.1.4.3. Recent Developments,
- 11.1.4.4. Strategies,
- 11.1.4.5. Financials (based on availability)
- 11.1.5. Junckers Industrier A/S
- 11.1.5.1. Overview,
- 11.1.5.2. Products & Services,
- 11.1.5.3. Recent Developments,
- 11.1.5.4. Strategies,
- 11.1.5.5. Financials (based on availability)
- 11.1.6. British Hardwoods
- 11.1.6.1. Overview,
- 11.1.6.2. Products & Services,
- 11.1.6.3. Recent Developments,
- 11.1.6.4. Strategies,
- 11.1.6.5. Financials (based on availability)
- 11.1.7. Connor Sports
- 11.1.7.1. Overview,
- 11.1.7.2. Products & Services,
- 11.1.7.3. Recent Developments,
- 11.1.7.4. Strategies,
- 11.1.7.5. Financials (based on availability)
- 11.1.8. Tarkett S.A.
- 11.1.8.1. Overview,
- 11.1.8.2. Products & Services,
- 11.1.8.3. Recent Developments,
- 11.1.8.4. Strategies,
- 11.1.8.5. Financials (based on availability)
- 11.1.9. Beaulieu International Group
- 11.1.9.1. Overview,
- 11.1.9.2. Products & Services,
- 11.1.9.3. Recent Developments,
- 11.1.9.4. Strategies,
- 11.1.9.5. Financials (based on availability)
- 11.1.10. Boral
- 11.1.10.1. Overview,
- 11.1.10.2. Products & Services,
- 11.1.10.3. Recent Developments,
- 11.1.10.4. Strategies,
- 11.1.10.5. Financials (based on availability)
- 11.1.11. Daiken Corporation
- 11.1.11.1. Overview,
- 11.1.11.2. Products & Services,
- 11.1.11.3. Recent Developments,
- 11.1.11.4. Strategies,
- 11.1.11.5. Financials (based on availability)
- 11.1.12. Kährs Holding AB
- 11.1.12.1. Overview,
- 11.1.12.2. Products & Services,
- 11.1.12.3. Recent Developments,
- 11.1.12.4. Strategies,
- 11.1.12.5. Financials (based on availability)
- 11.1.13. Barlinek S.A.
- 11.1.13.1. Overview,
- 11.1.13.2. Products & Services,
- 11.1.13.3. Recent Developments,
- 11.1.13.4. Strategies,
- 11.1.13.5. Financials (based on availability)
- 12. Strategic Recommendations
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