Global Hardwood Market 2024-2028
The hardwood market is forecasted to grow by USD 9067.1 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the hardwood market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing residential and commercial construction activities, growing global hardwood trade and market expansion, and growing demand for aesthetic interiors.
Technavio's hardwood market is segmented as below:
By Application
By Type
By Geography
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the emerging trend of remodeling and renovation as one of the prime reasons driving the hardwood market growth during the next few years. Also, growing adoption of engineered hardwood products and increasing focus on sustainable and responsible hardwood sourcing will lead to sizable demand in the market.
The report on the hardwood market covers the following areas:
- Hardwood market sizing
- Hardwood market forecast
- Hardwood market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hardwood market vendors that include Appalachian Hardwood Manufacturers Inc., Armstrong World Industries Inc., Barlinek SA, Bauwerk Group Schweiz AG, Berkshire Hathaway Inc., Flooring Innovations, Goodfellow Inc., Home Legend LLC, Koch Industries Inc., Lauzon Collection, Mannington Mills Inc., Mirage, Mohawk Industries Inc., Mullican Flooring LP, Provenza Floors Inc., Q.E.P. Co. Inc., and Weyerhaeuser Co.. Also, the hardwood market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.