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Global Wood Flooring Market Share, Size, Growth, Analysis: By Product: Solid Wood, Engineered Wood; By End Use: Residential, Commercial; By Distribution Channels: Home Centres, Flagship Stores, Speciality Stores, Online, Others; Regional Analysis; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Wood Flooring Market Outlook
The global wood flooring market size has reached a value of more than USD 78.5 billion in 2021. The market is expected to grow at a CAGR of 5.70% between 2023 and 2028, likely to reach value of USD 109.47 billion by 2027.
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Global Wood Flooring Market Trends
Wooden flooring is the utilisation of timber to manufacture a product that is used for flooring structurally or aesthetically. The wood used for flooring can be solid, engineered, or composite. Wood has been used for flooring for age owing to its versatility in function and design.
Increasing Demand for Solid Wood for Interior Design
Flooring is one of the largest interior areas and wood is widely utilised for flooring due to functionality and aesthetics. Wooden floorings are less prone to damage and are easier to maintain in comparison to tiles, which has significantly enhanced the demand for wooden flooring.
Rising Demand for Housing Facilities with Eco-Friendly Design
With the rapid expansion of the global population, the demand for eco-friendly interior designing has significantly risen as this is part that is in contact with the human body for the longest time. Wooden flooring checks all the requirements, by being scratch resistant and easy to maintain.
Increasing Efforts to Develop Superior Products to Offer Lucrative Opportunities for Growth
Market players are focusing on technological developments to develop and provide products with increased lifespan, impact, and moisture resistance, while providing aesthetics to the flooring of the house.
Low Moisture and Impact Resistance can Hinder the Market Growth
Floorings are constantly challenged by moisture, spillage of liquids, scratches, and impact from objects in the house. The wooden floors are less resilient to impact and moisture compared to ceramic tiles. This can prove to be a major setback for the wooden flooring market.
Global Wood Flooring Market Analysis
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Based on the product, the market can be segmented into solid wood and engineered wood. Based on end-use, the market bifurcations include residential and commercial. Based on distribution channels, the market bifurcations include home centres, flagship stores, speciality stores, and online, among others. The regional markets for the market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Barlinek S.A.
- AHF, LLC.
- Kahrs Group
- Mohawk Industries, Inc.
- Mannington Mills, Inc.
- Shaw Industries, Inc.
- Others
Products Available in the Wood Flooring Market
The bifurcations for the market, based on product, includes solid wood and engineered wood. The solid wood segment holds a major share of the market owing to better durability and longer lifespan. Solid woods are carved out of a single piece of timber and the elegant rustic aesthetic is a major reason for its high demand in the market.
Engineered wood is rapidly growing in demand due to technological advancements in manufacturing wood which has enabled companies to enhance the wood quality and strength.
End-Users in the Wood Flooring Market
Based on end-use, the market segments include residential and commercial. The residential sector holds the largest market share due to its properties of impact and scratch resistance. Technological advancements to manufacture heating-compatible woods have also propelled the market demand.
The commercial segment is expected to grow rapidly due to the development of the tourism and hospitality industry in countries such as India, Philippines, Indonesia, and Brazil, among others. The increased application of wooden flooring and interior designing in commercial buildings. This market segment is also expected to grow during the forecast period attributed to the utilisation of wooden flooring solutions for indoor sports facilities and complexes.
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Competitive Landscape
AHF, LLC. is an American company, founded in 2004, engaged in hardwood craftsmanship, wood flooring, product development, manufacturing, and service. Their wood flooring brands include Bruce, Hartco, and Homerwood. They also provide commercial flooring services under Armstrong Flooring, Parterre, and AHF Contract brands. The company operates a total of 9 manufacturing facilities with eight facilities in the United States and one in Cambodia.
Kährs Group is a global manufacturer and distributor of sustainable and durable flooring solutions. It is a European company with its headquarters located in Sweden, which was founded in 1857. Their products include hardwood flooring, vinyl floors, and resilient flooring, with brands named Kährs and Upofloor.
Mohawk Industries, Inc. is one of the world’s largest flooring companies based in Georgia, United States and was founded in 1988. They provide flooring products for residential and commercial applications. Their offer a wide range of flooring products including ceramic tile, residential carpet, commercial carpet, rugs, laminate flooring, luxury vinyl tile, sheet vinyl, wood flooring, and countertops.
Other key players include Barlinek S.A., Mannington Mills, Inc., and Shaw Industries, Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by End Use |
|
| Breakup by Distribution Channels |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Wood Flooring Market Analysis
8.1 Key Industry Highlights
8.2 Global Wood Flooring Historical Market (2018-2022)
8.3 Global Wood Flooring Market Forecast (2023-2028)
8.4 Global Wood Flooring Market by Product
8.4.1 Solid Wood
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Engineered Wood
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Wood Flooring Market by End Use
8.5.1 Residential
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Commercial
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Wood Flooring Market by Distribution Channels
8.6.1 Home Centres
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Flagship Stores
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Speciality Stores
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Online
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Wood Flooring Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Barlinek S.A.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 AHF, LLC.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Kahrs Group
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Mohawk Industries, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Mannington Mills, Inc.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Shaw Industries, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wood Flooring Market: Key Industry Highlights, 2017 and 2021
2. Global Wood Flooring Historical Market: Breakup by Product (USD Billion), 2018-2022
3. Global Wood Flooring Market Forecast: Breakup by Product (USD Billion), 2023-2028
4. Global Wood Flooring Historical Market: Breakup by End-Use (USD Billion), 2018-2022
5. Global Wood Flooring Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6. Global Wood Flooring Historical Market: Breakup by Distribution Channels (USD Billion), 2018-2022
7. Global Wood Flooring Market Forecast: Breakup by Distribution Channels (USD Billion), 2023-2028
8. Global Wood Flooring Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Wood Flooring Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Wood Flooring Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Wood Flooring Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Wood Flooring Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Wood Flooring Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Wood Flooring Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Wood Flooring Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Wood Flooring Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Wood Flooring Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Wood Flooring Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Wood Flooring Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Wood Flooring Market Structure
Key Questions Answered in the Report
In 2021, the global market for wood flooring reached a size of USD 78.5 billion.
The market is expected to grow at a CAGR of 5.70% during the period 2023-2028.
The market is expected to reach a value of USD 109.47 billion.
The market is driven by the increasing demand for eco-friendly interior design in residential facilities and utilisation in commercial buildings.
The technological developments for flooring aesthetics and stronger flooring solutions and the rising adoption of engineered wood for various interior designing are the key trends in the market.
The regional markets for the global market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The different products in the wood flooring market include solid wood and engineered wood.
Wood flooring find end-uses in residential and commercial sectors.
The distribution channels available in the market include home centres, flagship stores, speciality stores, and online, among others.
The key players in the market include Barlinek S.A., AHF, LLC., Kahrs Group, Mohawk Industries, Inc., Mannington Mills, Inc., and Shaw Industries, Inc., among others.
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