PUBLISHER: IMARC | PRODUCT CODE: 1298541
PUBLISHER: IMARC | PRODUCT CODE: 1298541
Hardwood Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The global hardwood flooring market size reached US$ 47.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 61.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
Hardwood is a type of wood that comes from dicot flowering trees, including oak, teak, balsa, maple and walnut. As compared to softwood, hardwood has a more complex structure and higher density, owing to which it is widely utilized for flooring purposes across commercial and residential spaces. Hardwood flooring is produced in various styles, colors, cuts and species, thus offering versatile functions and designs to consumers. The unique appearance and texture of the wood provide an aesthetic appeal to the floor. Hardwood floors are highly durable in nature and last longer post-installation. Also, they are convenient to install and require little to no routine maintenance. They do not trap dust, mold pollen, particulates or other allergens in their fibers or grout lines, which helps in easy cleaning and enhancement of overall air quality.
The thriving construction industry is primarily driving the growth of the market. With rapid population expansion, housing facilities are experiencing significant demand. This is consequently propelling the number of construction projects of residential spaces across the globe. In line with this, governments of various countries, along with private stakeholders, are investing heavily in the development of advanced infrastructural facilities, which is also providing a boost to the market growth. Furthermore, there is an increase in the inclination toward aesthetically appealing and sophisticated interiors, especially among the urban population, which is contributing to the bourgeoning sales of these floorings. Moreover, manufacturers are launching innovative flooring designs with vibrant as well as soothing color combinations to cater to the diversified preferences of consumers. The emerging trend of renovation and remodeling of the existing residential and commercial spaces, along with inflating disposable incomes and improving standards of living, are some of the other factors that are driving the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hardwood flooring market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on end-use sector and raw material.
Breakup by End-Use Sector:
- Residential Sector
- Commercial Sector
At present, the commercial sector exhibits a clear dominance in the market.
Breakup by Raw Material:
- Red Oak
- White Oak
- Maple
- Others
Amongst these, red oak accounts for the majority of the total market share.
Regional Insights:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the geographical front, North America holds the leading position in the market, accounting for the largest market share.
Competitive Landscape:
The report has also analyzed the competitive landscape of the market. Some of the top hardwood flooring companies operating in the market include AHF, LLC, UNILIN, Beaulieu International Group, Classen, FRITZ EGGER GmBH & Co. OG and Formica Group.
Key Questions Answered in This Report:
- How has the global hardwood flooring market performed so far, and how will it perform in the coming years?
- What are the key regions in the market?
- What has been the impact of COVID-19 on the global hardwood flooring market?
- What is the market breakup based on the end-use sector?
- What is the market breakup based on the raw material?
- What are the various stages in the value chain of the market?
- What are the key drivers and challenges in the market?
- What is the level of competition in the market?
- Who are the key players in the market?
- What are the margins in hardwood flooring?
- What are the raw material requirements for hardwood flooring?
- What are the various unit operations involved in a hardwood flooring manufacturing plant?
- What is the total size of land required for setting up a hardwood flooring manufacturing plant?
- What are the machinery requirements for setting up a hardwood flooring manufacturing plant?
- What are the packaging requirements for hardwood flooring?
- What are the transportation requirements for hardwood flooring?
- What are the utility requirements for setting up a hardwood flooring manufacturing plant?
- What are the manpower requirements for setting up a hardwood flooring manufacturing plant?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Flooring Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Market Breakup by Type
- 5.4 Market Breakup by Region
- 5.5 Market Breakup by End-Use Sector
- 5.6 Market Forecast
6 Global Hardwood Flooring Market
- 6.1 Market Overview
- 6.2 Market Performance
- 6.2.1 Volume Trends
- 6.2.2 Value Trends
- 6.3 Impact of COVID-19
- 6.4 Market Breakup by Region
- 6.5 Market Breakup by End-Use Sector
- 6.6 Market Breakup by Raw Material
- 6.7 Market Forecast
- 6.8 SWOT Analysis
- 6.8.1 Overview
- 6.8.2 Strengths
- 6.8.3 Weaknesses
- 6.8.4 Opportunities
- 6.8.5 Threats
- 6.9 Value Chain Analysis
- 6.9.1 Overview
- 6.9.2 Raw Material Procurement
- 6.9.3 Manufacturing
- 6.9.4 Marketing
- 6.9.5 Distribution
- 6.9.6 End-Use
- 6.10 Porter's Five Forces Analysis
- 6.10.1 Overview
- 6.10.2 Bargaining Power of Buyers
- 6.10.3 Bargaining Power of Suppliers
- 6.10.4 Degree of Competition
- 6.10.5 Threat of New Entrants
- 6.10.6 Threat of Substitutes
- 6.11 Price Analysis
- 6.11.1 Key Price Indicators
- 6.11.2 Price Structure
- 6.11.3 Margin Analysis
- 6.12 Key Success and Risk Factors
7 Market Breakup by Region
- 7.1 North America
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Europe
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Asia Pacific
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Latin America
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Middle East and Africa
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End-Use Sector
- 8.1 Residential Sector
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Commercial Sector
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Raw Material
- 9.1 Red Oak
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 White Oak
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Maple
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Others
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
10 Competitive Landscape
- 10.1 Market Structure
- 10.2 Key Players
11 Hardwood Flooring Manufacturing Process
- 11.1 Product Overview
- 11.2 Detailed Process Flow
- 11.3 Various Types of Unit Operations Involved
- 11.4 Mass Balance and Raw Material Requirements
- 11.5 Land and Construction Requirements
- 11.6 Machinery Requirements
- 11.7 Machinery Pictures
- 11.8 Raw Material and Final Product Pictures
- 11.9 Packaging Requirements
- 11.10 Transportation Requirements
- 11.11 Utilities Requirements
- 11.12 Manpower Requirements
12 Profiles of Key Players
- 12.1 AHF, LLC
- 12.2 UNILIN
- 12.3 Beaulieu International Group
- 12.4 Classen
- 12.5 FRITZ EGGER GmBH & Co. OG
- 12.6 Formica Group
List of Figures
- Figure 1: Global: Hardwood Flooring Market: Major Drivers and Challenges
- Figure 2: Global: Flooring Market: Sales Volume (in Billion Sq. Meters), 2017-2022
- Figure 3: Global: Flooring Market: Sales Value (in Billion US$), 2017-2022
- Figure 4: Global: Flooring Market: Breakup by Type (in %), 2022
- Figure 5: Global: Flooring Market: Breakup by Region (in %), 2022
- Figure 6: Global: Flooring Market: Breakup by End-Use Sector (in %), 2022
- Figure 7: Global: Flooring Market Forecast: Sales Volume (in Billion Sq. Meters), 2023-2028
- Figure 8: Global: Flooring Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 9: Global: Hardwood Flooring Market: Sales Volume (in Million Sq. Meters), 2017-2022
- Figure 10: Global: Hardwood Flooring Market: Sales Value (in Billion US$), 2017-2022
- Figure 11: Global: Hardwood Flooring Market: Breakup by Region (in %), 2022
- Figure 12: Global: Hardwood Flooring Market: Breakup by End-Use Sector (in %), 2022
- Figure 13: Global: Hardwood Flooring Market: Breakup by Raw Material (in %), 2022
- Figure 14: Global: Hardwood Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
- Figure 15: Global: Hardwood Flooring Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 16: Hardwood Flooring: Production Cost Breakup (in %)
- Figure 17: Hardwood Flooring: Price Structure
- Figure 18: Global: Hardwood Flooring Industry: SWOT Analysis
- Figure 19: Global: Hardwood Flooring Industry: Value Chain Analysis
- Figure 20: Global: Hardwood Flooring Industry: Porter's Five Forces Analysis
- Figure 21: North America: Hardwood Flooring Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
- Figure 22: North America: Hardwood Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
- Figure 23: Europe: Hardwood Flooring Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
- Figure 24: Europe: Hardwood Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
- Figure 25: Asia Pacific: Hardwood Flooring Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
- Figure 26: Asia Pacific: Hardwood Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
- Figure 27: Latin America: Hardwood Flooring Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
- Figure 28: Latin America: Hardwood Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
- Figure 29: Middle East and Africa: Hardwood Flooring Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
- Figure 30: Middle East and Africa: Hardwood Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
- Figure 31: Global: Hardwood Flooring (Residential Sector) Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
- Figure 32: Global: Hardwood Flooring (Residential Sector) Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
- Figure 33: Global: Hardwood Flooring (Commercial Sector) Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
- Figure 34: Global: Hardwood Flooring (Commercial Sector) Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
- Figure 35: Global: Hardwood Flooring (Red Oak) Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
- Figure 36: Global: Hardwood Flooring (Red Oak) Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
- Figure 37: Global: Hardwood Flooring (White Oak) Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
- Figure 38: Global: Hardwood Flooring (White Oak) Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
- Figure 39: Global: Hardwood Flooring (Maple) Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
- Figure 40: Global: Hardwood Flooring (Maple) Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
- Figure 41: Global: Hardwood Flooring (Other Raw Materials) Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
- Figure 42: Global: Hardwood Flooring (Other Raw Materials) Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
- Figure 43: Hardwood Flooring Manufacturing: Detailed Process Flow
- Figure 44: Hardwood Flooring Manufacturing: Conversion Rates of Feedstocks
List of Tables
- Table 1: Global: Flooring Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Hardwood Flooring Market: Key Industry Highlights, 2022 and 2028
- Table 3: Global: Hardwood Flooring Market Forecast: Breakup by Region (in Million Sq. Meters), 2023-2028
- Table 4: Global: Hardwood Flooring Market Forecast: Breakup by End-Use Sector (in Million Sq. Meters), 2023-2028
- Table 5: Global: Hardwood Flooring Market Forecast: Breakup by Raw Material (in Million Sq. Meters), 2023-2028
- Table 6: Global: Hardwood Flooring Market: Competitive Structure
- Table 7: Global: Hardwood Flooring Market: Key Players
- Table 8: Hardwood Flooring Manufacturing Plant: Land Requirements
- Table 9: Hardwood Flooring Manufacturing Plant: Construction Requirements
- Table 10: Hardwood Flooring Manufacturing Plant: Machinery Requirements
- Table 11: Hardwood Flooring Manufacturing Plant: Manpower Requirements
