The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising demand for eco-friendly housing facilities is likely to encourage innovation in wood flooring manufacturing, propelling the market during the forecast period.

The global wood flooring market is expected to grow from $47.57 billion in 2022 to $50.43 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The global wood flooring size is expected to grow to $62.19 billion in 2027 at a CAGR of 5.4%.

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Global Wood Flooring Market Segments Include:

• By Product: Solid Wood, Laminated Wood, Engineered Wood
• By Distribution Channels: Home Centres, Flagship Stores, Speciality Stores, Online, Other Distribution Channels
• By End Use: Residential, Commercial
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global wood flooring market in 2021.

Major Market Players in the wood flooring market include Mohawk Industries Inc., Armstrong Flooring Inc., Beaulieu International Group, Shaw Industries Group Inc., Boral Limited, Mannington Mills Inc., Tarkett S.A.

Technological advancements are a crucial trend that is gaining traction in the wood flooring market. To maintain their market position, major industry players are introducing products based on cutting-edge technology. For example, Välinge Innovation, a Swedish maker of innovative flooring solutions, will launch flooring products under the brand Välinge Flooring in June 2020. Valinge’s Woodura surface technology serves as the foundation for the new product line. A powder mix layer connects a thin sheet of genuine wood to a wood fibre core. The powder mixture accumulates in the natural openings of wood, increasing the product’s strength and endurance while also improving its appearance. According to the manufacturer, the new flooring is three to five times stronger than other hardwood floorings.

The Wood Flooring Global Market Report 2023  provides a wood flooring market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The wood flooring market forecast analyzes wood flooring market size, wood flooring market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Wood flooring is a form of flooring made from timber or other types of wood. This wood flooring is used to insulate the house and provide the flooring an attractive appearance.

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