The global Wood Flooring Market is expected to register a steady revenue CAGR over the forecast period. The wood flooring market revenue growth is primarily driven by factors such as the need for highly durable and stable flooring in residential, commercial, institutional, and communal premises. Consumers across the globe are diverting toward flooring options that are long-lasting and easy to care for while looking artistic and modern.
Wood is the most environment-friendly floor covering option available. It is the only one that regenerates itself spontaneously. A sturdy wood floor will survive for hundreds of years. The majority of some of the other floorings are intended to be discarded. There are an astounding variety of options to sort through nowadays. Although solid wood is still a popular option, there is also engineered wood, salvaged wood, and alternative wood-like materials.
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Competitive Landscape:
- Kahrs Group Ltd. (Sweden)
- Mohawk Flooring (U.S.)
- Armstrong Flooring Inc. (U.S.)
- Anderson Tuftex Hardwood (U.S.)
- Lauzon Flooring (Canada)
- Beaulieu International Group (Belgium)
- Somerset Hardwood Flooring (U.S.)
- Harris Flooring Group (U.S.)
- Shaw Industries Group Inc. (U.S.)
- Mannington Mills, Inc. (U.S.)
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Wood Flooring Market Segmentation:
Type Outlook (Revenue, USD Billion; 2019-2030)
- Moderate Solid Wood
- Soft Wood
- Light Color Wood
- Other
Application/End-use Outlook (Revenue, USD Billion; 2019-2030)
- Commercial
- Household
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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