Wood Flooring Global Market Report 2023

“Wood Flooring Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on wood flooring market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for wood flooring ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The wood flooring market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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

• Companies Mentioned: Mohawk Industries Inc.; Armstrong Flooring Inc.; Beaulieu International Group; Shaw Industries Group Inc.; Boral Limited

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the wood flooring market are Mohawk Industries Inc., Armstrong Flooring Inc., Beaulieu International Group, Shaw Industries Group Inc., Boral Limited, Mannington Mills Inc., Tarkett S.A., British Hardwood Flooring, Kahrs Group, E.P. Co. Inc., Wickes Ltd., Home Legend LLC, Somerset Hardwood Flooring Inc., Provenza Floors Inc., Doma Flooring GmbH, East Teak Fine Hardwood Inc., Forestry Innovation Consulting India Pvt. Ltd., Frank A. Edmunds & Co. Inc., and Greenlam Industries Ltd.

The global wood flooring market 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 wood flooring market is expected to grow to $62.19 billion in 2027 at a CAGR of 5.4%.

The wood flooring market consists of sales of composite wooden flooring, parquet flooring, bamboo flooring, and cork flooring. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Wood flooring is a flooring product that is manufactured from timber or other types of wood. This wood flooring is used for insulating the house and providing an aesthetic look to the house flooring.

Asia-Pacific was the largest region in the wood flooring market in 2022. The regions covered in the wood flooring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The products involved in wood flooring are solid wood, laminated wood, and engineered wood. Solid wood is a type of lumber that is made directly from trees. The various distribution channels involved are home centers, flagship stores, specialty stores, online, and others with residential and commercial end uses.

The rising demand for housing facilities with eco-friendly designs is expected to propel the growth of the wood flooring market going forward. Eco-friendly housing facilities are housing features such as roof and flooring that is not harmful to the environment. Wood flooring is eco-friendly as it uses natural materials and can be used in sustainable housing. For instance, according to the Realtors and Sustainability Survey Report in March 2021, among 5,048 US members of the National Association of Realtors which included a population constituted 67% by sales agents and 14% by associate brokers to understand the sustainability issues faced, published by the National Association of Realtors (NAR), a US-based trade association of the real estate industry, in the USA, 65% of respondents said that the energy efficiency feature in property was very or somewhat valuable. More than 50% agreed that their clients were interested in sustainability and nearly one-third of the respondents were involved in selling or buying houses with green or eco-friendly features. Therefore, the growing demand for housing facilities with eco-friendly designs is driving the wood flooring market forward.

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, Valinge Innovation, a Sweden-based manufacturer of innovative flooring solutions, launched flooring products under the name Valinge 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.

In May 2022, Bauwerk Group AG, a Switzerland-based parquet manufacturer acquired Somerset Hardwood Flooring for an undisclosed amount. The acquisition will strengthen the global profile of Bauwerk and help it gain a stronger presence in the North American flooring market. Somerset Hardwood Flooring is a US-based manufacturer of hardwood flooring products.

The countries covered in the wood flooring market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The wood flooring market research report is one of a series of new reports from The Business Research Company that provides wood flooring market statistics, including the wood flooring industry global market size, regional shares, competitors with wood flooring market share, detailed wood flooring market segments, market trends, and opportunities, and any further data you may need to thrive in the wood flooring industry. This wood flooring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.