Wood Flooring Market

Wood Flooring Market was estimated at USD 4,700 Million in 2020 and projected to expand at 1.5% CAGR over the forecast period.

Introduction of Wood Flooring Market Report

Wood Flooring is made up of engineered wood, solid wood etc. is used in different residential & commercial establishments like hotels, cafes, spas, etc.  Wooden floors have more extended durability & are easy to clean. The engineered wood flooring has properties of scratch & heat resistance which is a crucial factor for gaining consumer ‘s attraction these days.

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Market Dynamic

Key Drivers and Emerging Trends

Some key drivers boosting the global wood flooring market include demand for aesthetics, economical & durable home solutions among consumers. For instance, white oak flooring is extremely attainable and stylish. It creates a beautiful variation plus a contemporary aesthetic. Although it has the word “white” in the title, this species of wood has a vibrant colour palette, which is darker than maple or red oak. So, one can have the warmth of medium-toned wood flooring and the white oak wood species style.  Moreover, the need for scratch, heat & spill-proof wood flooring along with easy installation will boost the global wood flooring market. In addition, growth in the various sectors such as hospitality & real estate industries will enhance the growth of the global Wood flooring market. Furthermore, increasing urban population coupled with the growing concerns regarding eco-friendly solutions will increase the demand for the wood flooring market.

Restraint in the Wood Flooring Market

However, regulations related to timber trading and logging may slow down the growth of the global wood flooring market. For instance, the EU Timber Regulation specifies the rules for operators and traders who trade timber and timber products in the European market.

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Product – Segment Analysis

Based on the product, engineered wooden floor is expected to have higher growth in the global wood flooring market during the forecast period. This is owing to the reason they are extremely durable and can easily be finished into various grades.

Application – Segment Analysis

Based on the application, the commercial sector is projected to capture the higher CAGR in the global wood flooring market over the forecast period. This is due to the new establishment of cafes, restaurants, spas, offices, etc., across the globe. The residential sector might also witness considerable growth in the global wood flooring market.

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Regional – Segment Analysis:

Based on the regional coverage, North America is witnessed to grow at a higher CAGR in the market over the forecast period in the global wood flooring market in 2020. This is due to the need of aesthetics & eco-friendly development has substantially arisen for larger living spaces among the residential sectors. According to the Mortgage Bankers Association, US housing starts will be 1.31 million units in 2019, 1.38 million units in 2020, and 1.41 million units in 2021. This will play a key role in the growing demand for wood flooring and accelerate the market growth.

Top Market Players

Various notable players operating in the market, include, From the Forest, Somerset Hardwood Flooring, Harris Wood Floor, AHF Products, Johnson Hardwood, LM Flooring, Mullican Flooring, Mowhak Industries, Shaw Industries Group, Kahrs Industries, among others. 

Key Developments: 

• • In December 2020, Somerset Hardwood Flooring entered into a single distribution agreement with distributor William M. Bird & Co. to represent an entire branded line of Somerset Hardwood Flooring in the southern region of U.S.
  • In November 2018, Mullican Flooring partnered with Building Plastics Inc. to expand its market presence in various market regions.

Segments covered in the Report:

The global wood flooring market has been segmented on the basis of product, application, and regions. Based on product, the market is segmented into solid wood, engineered wood and others. Based on application, the market is segmented into residential & commercial sectors. 

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Key questions answered in this research report:

• • At what pace is global wood flooring market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in wood flooring market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global wood flooring market?
  • Which product generated maximum revenues in 2020 and identify the most promising product during the forecast period?
  • What are the various application areas of global wood flooring market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Wood Flooring Market by Product

• • Solid Wood
  • Engineered Wood
  • Others

Global Wood Flooring Market by Application

• • Residential
  • Commercial

Global Wood Flooring Market by Region

• • North America Wood Flooring Market (Option 1: As a part of the free 25% customization)
    • North America Wood Flooring Market by Product
    • North America Wood Flooring Market by Application
    • US Wood Flooring Market All-Up
    • Canada Wood Flooring Market All-Up
  • Europe Wood Flooring Market (Option 2: As a part of the free 25% customization)
    • Europe Wood Flooring Market by Product
    • Europe Wood Flooring Market by Application
    • UK Wood Flooring Market All-Up
    • Germany Wood Flooring Market All-Up
    • France Wood Flooring Market All-Up
    • Spain Wood Flooring Market All-Up
    • Rest of Europe Wood Flooring Market All-Up
  • Asia-Pacific Wood Flooring Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Wood Flooring Market by Product
    • Asia-Pacific Wood Flooring Market by Application
    • China Wood Flooring Market All-Up
    • India Wood Flooring Market All-Up
    • Japan Wood Flooring Market All-Up
    • Rest of APAC Wood Flooring Market All-Up
  • RoW Wood Flooring Market (Option 4: As a part of the free 25% customization)
    • RoW Wood Flooring Market by Product
    • RoW Wood Flooring Market by Application
    • Brazil Wood Flooring Market All-Up
    • South Africa Wood Flooring Market All-Up
    • Saudi Arabia Wood Flooring Market All-Up
    • UAE Wood Flooring Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Wood Flooring Market All-Up

Major Players Operating in the Wood Flooring (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • From the Forest
  • Somerset Hardwood Flooring
  • Harris Wood Floor
  • AHF products
  • Johnson Hardwood
  • LM flooring
  • Mullican Flooring
  • Mowhak Industries
  • Shaw Industries Group
  • Kahrs Industries