Wood Flooring Market

Global Wood Flooring Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027. Supportive government policies promoting utilization of wooden products for construction and increasing number of home renovation activities worldwide are the major factor driving the growth of Global Wood Flooring Market.

Wood Flooring Market is valued at USD 861.51 Billion in 2020 and is expected to reach USD 1172.3 Billion by 2027 with the CAGR of 4.5% over the forecast period.

Scope of Global Wood Flooring Market Report:

Wood flooring is the product generated from timber that is constructed for utilizing as flooring, either aesthetic or structural. Wood floorings are simpler to clean and fewer likely to be broken. Wood is a popular selection as a flooring material and can come in numerous styles, cuts, colors, and species. Bamboo flooring is frequently believed a kind of wood flooring, though it is produced from grass (bamboo) rather than timber. Bamboo is an extremely organic material since it relatively produces much quicker than hardwood trees. Wood flooring is appealingly attractive, easy to install, and includes natural wood grain patterns that combine a component of warmth and abundance to the total look of the interiors.

There are several types of wood flooring involving laminate flooring, solid hardwood flooring, composite wood flooring or engineered wood flooring, and bamboo flooring. Wood flooring is so robust, hardwood floors can very last for generations. Wooden floorings are excellent for cold weather and provide a stylish look if merged with other types of flooring. Wooden floorings are applicable in all kinds of homes varying from modern fabricated homes to current buildings, offices, and apartments. Wood flooring history dates to the 1600s when wood started to be more regularly used as flooring.

Covid-19 has shown a negative impact on the growth of global wood flooring market. Social distancing, lockdowns, and many other rules have been implemented to keep workers safe and these regulations affected the building & construction industry and impacted the demand for wood flooring as well.

The Global Wood Flooring Market is segmented on the basis on product, wood type, by applications, end-users, and region & country level. Based on product, the wood flooring market is classified as solid wood and engineered wood. Based on wood type, the market is categorized as red oak, white oak, maple wood, and other. Based on application, the wood flooring market is segmented into residential and commercial. Based on end-use, the wood flooring market is segmented into new construction, and replacement.

Key Players for Global Wood Flooring Market Report:

Global Wood Flooring market reports cover prominent players like Armstrong Flooring, Inc., Tarkett S.A., Kahrs Holding AB (publ), Nature Home Holding Company Limited, Mohawk Industries, Inc., Boral, Beaulieu International Group, Mannington Mills Inc., Somerset Hardwood Flooring Inc., Brumark, Shaw Industries Group, Inc., Gerflor Group and others.

Segmentations Analysis of Wood flooring market

By Product:

• Solid wood
• Engineered Wood                

By Wood Type:

• Red Oak
• White Oak
• Maple Wood
• Other

By Applications:

• Residential
• Commercial
• Others

By End-user:

• New Construction
• Replacement

The regions covered in this Wood Flooring market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the market of Wood Flooring is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

News: Välinge Flooring Launched in France

May 19^th, 2021; Välinge Flooring launched its collection of wood floors in France. To ensure a smooth experience for distributors, retailers, and consumers, Välinge Flooring France has established headquarters in Nîmes in the south of France, with David Sarcinella joining as managing director. Sarcinella has been involved in the flooring industry for almost 25 years and will use his expertise to establish Välinge Flooring in the French market.

Global Wood Flooring Market Dynamics–

Several factors are contributing to the growth of the wood flooring market across the world such as supportive Government policies promoting utilization of wooden flooring in construction activities. Most of the materials used in construction events such as gravel, steel, cement, and plastic remain in the environment for a prolonged period that rises the stress on the environment. To improve the sustainability of the production industry, numerous governments have supported the consumption of natural and simply decomposable products such as wood to produce new buildings and renovation activities. For instance; Forestry, and Fishery (MAFF), Japan’s Ministry of Agriculture has approved a law to encourage the use of wood materials in the manufacture of public buildings. Comparably, numerous governments offer enticements for the usage of wood in the building of both residential buildings as well as commercial infrastructure. To improve environmental safety, wood floorings are used all over the world.

In addition, increasing number of home renovations activities worldwide is another factor propelling the growth of the global wood floorings market. Now a days, people are highly giving preference to wood for renovating their homes. Wood floorings are considered a classy product that gives excellent look to the home, apartment. Rising home renovations in the world ultimately increasing the demand for wood floorings. Consequently, escalating the home renovations is estimated to intensify the wood floorings market growth globally over the forecast period.

However, minimal moisture and impact resistance ability of wood flooring may hinder the growth of the global wood flooring market. In spite of that, the resurgent expansion in the production of new residential and commercial spaces persists to establish rewarding opportunities for the further growth of the global wood flooring market.

Global Wood Flooring Market Regional Analysis–

Geographically, North America is expected to witness a significant growth in the global wood flooring market due to the growing demand for single-family dwellings, high disposable income, availability of large number of product offerings and presence of number of players in this region. For instance, according to the Census Bureau in the U.S. and the Department of Housing and Urban Development, U.S., the country had about 1,386,000 building permits, roughly 1,290,000 housing starts, and close to 1,255,000 housing completions in 2019. Single-family dwellings use wood floors due to their extraordinary features and properties.

Asia Pacific is expected to witness a lucrative growth in the global wood flooring market due to increasing construction activities in the region. This factor is drastically influencing the product demand in the Asia Pacific. For instance, the construction industry in India employs over 30 million people and generates holdings worth around ₹ 200 billion. It provides greater than 5 percent to the GDP of the nation and nearly 78 percent to the gross capital formation. Currently, the wood floorings have observed a surge in office building structures, apartments, houses, hotels, and many other to offer versatility in suitable fittings for working environments. Wood floorings play a fantastic role which helps to give a classy look to the building.

Report Analysis	Details
Historical data	2015 - 2020
Forecast Period	2021 - 2027
Market Size in 2020:	USD XXX Million
Base year considered	2020
Forecast Period CAGR %:	XX%
Market Size Expected in 2027:	USD XXX Million
Tables, Charts & Figures:	175
Pages	200
Key Players/Companies	Armstrong Flooring, Inc., Tarkett S.A., Kahrs Holding AB (publ), Nature Home Holding Company Limited, Mohawk Industries, Inc., Boral, Beaulieu International Group, Mannington Mills Inc., Somerset Hardwood Flooring Inc., Brumark, Shaw Industries Group, Inc., Gerflor Group and others.
Segments Covered	By Product, By Wood Type, By Applications, By End-user
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Wood Flooring Industry Report:

• Global Wood Flooring Industry report covers in depth historical and forecast analysis.
• Global Wood Flooring Trends research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Hard Wood Flooring Market report helps to identify opportunities in marketplace.
• Global Hard Wood Flooring Market report covers extensive analysis of emerging trends and competitive landscape.

Wood Flooring Trends 2021 

• Engineered Wood
• Reclaimed Wood
• Cork Flooring
• White Oak Wood Flooring