Wood Flooring Global Market to Reach $67.1 Billion by 2030: Home Projects to Drive Growth for Companies

Wood Flooring Global Market to Reach $67.1 Billion by 2030: Home Projects to Drive Growth for Companies

By Russell Craver 1 year ago

DUBLIN, March 14, 2023 /PRNewswire/ — 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 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/7netr

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