The Wood Flooring Global Market Report 2023, provides comprehensive information on the wood flooring market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Wood Flooring Global Market Report 2023, the global wood flooring market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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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Technological innovations are a key trend gaining popularity in the wood flooring market. Major companies in the market are introducing products based on innovative technologies to sustain their position in the market. For instance, in June 2020, Välinge Innovation, a Sweden-based manufacturer of innovative flooring solutions, launched flooring products under the name Välinge Flooring. The new product line is based on Valinge’s Woodura surface technology. It has a thin sheet of real wood fused with a wood fiber core by a powder mix layer. The powder mix gets accumulated in the natural openings of wood and enhances the strength and durability of the product while improving its aesthetics of it. The new flooring is claimed to be three to five times stronger than other hardwood floorings.
The wood flooring market is segmented:
1) By Product: Solid Wood, Laminated Wood, Engineered Wood
2) By Distribution Channels: Home Centres, Flagship Stores, Speciality Stores, Online, Other Distribution Channels
3) By End Use: Residential, Commercial
Asia-Pacific was the largest region in the wood flooring market in 2022.
The table of contents in TBRC’s wood flooring market report includes:
- Executive Summary
- Wood Flooring Market Characteristics
- Wood Flooring Market Trends And Strategies
- Wood Flooring Market – Macro Economic Scenario
- Wood Flooring Market Size And Growth
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- Africa Wood Flooring Market
- Wood Flooring Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Wood Flooring Market
- Wood Flooring Market Future Outlook and Potential Analysis
- Appendix
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