Global Wood Flooring Strategic Business Report 2023:

Dublin, March 14, 2023 (GLOBE NEWSWIRE) — The “Wood Flooring: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.

The global market for Wood Flooring estimated at US$46.6 Billion in the year 2022, is projected to reach a revised size of US$67.1 Billion by 2030, growing at a CAGR of 4.7{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} over the analysis period 2022-2030.

Engineered Wood, one of the segments analyzed in the report, is projected to record 5.1{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} CAGR and reach US$43.9 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Solid Wood segment is readjusted to a revised 3.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} CAGR for the next 8-year period.

The U.S. Market is Estimated at $6.8 Billion, While China is Forecast to Grow at 7.1{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} CAGR

The Wood Flooring market in the U.S. is estimated at US$6.8 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$13 Billion by the year 2030 trailing a CAGR of 7.1{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} and 3.2{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.9{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} CAGR.

Select Competitors (Total 274 Featured) –

• AHF LLC
• Barlinek SA
• Beaulieu International Group
• Boral Limited
• Brumark Corporation
• Kahrs Group
• Mannington Mills, Inc.
• Mohawk Industries, Inc.
• PT Dharma Satya Nusantara Tbk
• Shaw Industries Group, Inc.
• SWISS KRONO Group
• Tarkett, Inc.

What`s New for 2023?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies – Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year

Key Attributes:

Report Attribute	Details
No. of Pages	658
Forecast Period	2022 – 2030
Estimated Market Value (USD) in 2022	$46.6 Billion
Forecasted Market Value (USD) by 2030	$67.1 Billion
Compound Annual Growth Rate	4.7{a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}
Regions Covered	Global

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of Covid-19 and a Looming Global Recession
• 2020: A Year of Disruption & Transformation
• As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021?
• World Economic Growth Projections (Real GDP, Annual {a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} Change) for 2020 through 2022
• Impact of Covid-19 on Flooring Industry Supply Chain
• Impact of COVID-19 on the Wood Flooring Market
• GLOBAL MARKET OVERVIEW
• Wood Flooring Market Continues to Gain from Unrivaled Aesthetic Appeal of Wood
• Global Flooring Market by Type (2020): Percentage Breakdown of Volume Sales by Type
• Primary Advantages of Wood Flooring
• Growth Drivers for the Wood Flooring Market: On a Scale of 1 – 10 (10 – High Impact; 1 – Low Impact)
• Growth Dampeners for Wood Flooring Market: On a Scale of 1 – 10 (10 – High Impact; 1 – Low Impact)
• Mega Trends Benefiting Market Demand Summarized
• Major Demand Drivers for Wood Flooring (2018 & 2030): Urban Population, Middle Class, Aging Population, and Single Person Households
• Global Households Breakdown by Type of Family: Percentage Growth ({a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}) over the Period 2018-2028
• Product Type and Regional Market Analysis
• Engineered Wood Dominates the Market
• Solid Wood – Another Significant Market
• Europe and US Holds Significant Share of the Global Market
• Developing Countries to Drive Future Growth
• COVID-19-Led Economic Downturn Weighs on Construction Sector
• Global Construction Reset & Trajectory: Growth Outlook (In {a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d}) For Years 2019 Through 2025
• Global Infrastructure Spending: Projected Infrastructure Investment Needs (in $ Trillion) by Sector Over the Period 2016-2040
• Infrastructure Spending to Bring COVID-19 Hit Economies Back on Track
• Market Outlook
• Home Projects to Drive Growth for Companies
• Likely Price Increases
• Innovations to Continue
• Digital-Driven Sales
• Focus on Design Improvements
• Wood Flooring – Global Key Competitors Percentage Market Share in 2022 (E)
• Competition
• Market Participants Focus on Added Value to Gain Share
• Aggressive Marketing: A Critical Factor for Sustenance of Hardwood Flooring
• Recent Market Activity
• WORLD BRANDS
• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• The ‘Green’ Image of Wood Flooring Lends Growth
• Go Green: The New Mantra for Plywood Flooring Manufacturers
• Increasing Adoption of Sustainable Floor Decorative Materials Spurs Demand
• Pre-Finish and Reclaimed Wood Gathers Momentum
• Wood Flooring Industry Adopts Digitalization
• Proliferation of Blogs and Design Shows: Key Factors Driving Consumer Interest in Hardwood Flooring
• Product Innovations Boost Growth
• Residential Replacements: The Primary Demand Driver
• Engineered Wood Finds Wider Preference
• Advantages of Engineered Hardwood
• Disadvantages
• Long-Term Value to Homes Supports Demand for Hardwood Flooring
• Advantages of Hardwood
• Disadvantages
• Hardwood Floorings Complementing Latest Interior Decor Trends
• Transitional Flooring: Flushed Hardwood and Tile in the Same Space
• Striking Trends Making Big Splash in Global Wood Flooring Market
• Cork Flooring
• Engineered Wood Floors
• Grown & Made in America Wood Flooring
• Reclaimed Wood Flooring
• Latest Wood Flooring Type Trends to Amplify Home Look
• White Oak Wood Flooring
• European White Oak Floors
• Colors Options Trending Big on Wood Flooring Market
• Blonde Wood Flooring
• Honey Wood Flooring
• Gray Wood Floors
• Greige Wood Floors
• Whitewashed Wood Floors
• High Variation Remains Hallmark of Latest Wood Flooring Texture Trends
• Distressed Wood Flooring
• Handscraped Floors
• Wirebrushed Wood Floors
• Finishing Trends Shining Bright in Wood Flooring Market
• Fumed-Finished Wood Floors
• Matte-Finished Wood Flooring
• Oiled Wood Floors
• Satin-Finished Wood Flooring
• Site-Finished Wood Flooring
• Wood Floor Layout & Pattern Trends
• Herringbone Wood Flooring
• Wide Plank Wood Floors
• Innovations in Manufacturing Technologies to Promote Growth in Wood Flooring
• Growing Demand for Innovative Locking Systems for Easy Installation of Floorings
• Mass-Timber Construction Technique Offers Potential
• Laminate Flooring: The Fast Emerging Substitute to Wood Flooring
• Macro Trends Influencing Demand Dynamics
• Exponential Increase in Global Urban Population
• World Urban Population in Thousands: 1950-2050P
• Degree of Urbanization Worldwide: Urban Population as a {a57a8b399caa4911091be19c47013a92763fdea5dcb0fe03ef6810df8f2f239d} of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
• Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
• Expanding Global Population
• World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
• Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
• Burgeoning Middle Class Population
• Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
• Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
• Rising Standards of Living
• PRODUCT OVERVIEW
• Wood Flooring
• Types of Wood Flooring
• Solid Wood Flooring
• Hardwood and Softwood Flooring
• Engineered Wood Flooring

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/irlm9m

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• Global Market for Wood Flooring