New York, US, March 08, 2023 (GLOBE NEWSWIRE) -- Wood Flooring Market Overview:

The MRFR analysis reports predict that the Wood Flooring Market Research Report, by Application, Region, and Product- Forecast Till 2030, the global market for wood flooring is predicted to showcase considerable development over the assessment timeframe from 2022 to 2030 with a strong development rate of approximately 6.80%. The reports further anticipate the market to acquire a valuation of around USD 80.90 billion by the end of 2030. As per the research reports, the market was valued at around USD 47.8 billion in 2020.

Wood Flooring Market Scope:

The global market for wood flooring has expanded immensely in the last few years. The main parameter supporting the expansion of the market is the rapidly growing construction activities across the globe, especially across emerging economies. Wood floorings are known to provide numerous benefits, which in turn is a major selling point for the market. Furthermore, factors such as rising demand for highly durable & aesthetically superior flooring, rising expenditure on renovation, high-end residential housing structures, and growing preference for single-family housing structures are also predicted to positively influence the expansion of the global market over the coming years.

Competitive Analysis

The catalog for the leading participants across the global market for wood flooring includes companies such as:

• Doma Flooring (Germany)
• Beaulieu International Group (Belgium)
• Classen (Germany)
• Armstrong Flooring, Inc. (US)
• Kahrs Group (Sweden)
• Somerset (US)
• Tarkett (France)
• Cali Bamboo, LLC (US)
• Gerflor Group (France)
• Shaw Industries Group, Inc (US)
• Formica (UK)
• K. D. Woods Company, Inc. (US)
• Balterio Laminate Flooring
• Bruce Flooring (US)
• Egger (Austria)
• Mannington Mills, Inc (US)
• Barlinek SA (Poland)
• Mohawk Industries (US)
• Among others.
  
  

Get a Free Sample PDF Brochure: https://www.marketresearchfuture.com/sample_request/7857

Report Attribute	Details
Market Size	USD 80.90 Billion
CAGR	6.80%
Base Year	2021
Forecast Period	2022-2030
Historical Data	2020
Forecast Units	Value (USD Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Product, By Application & Region
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers	Rising construction activities throughout the world Key players are developing the attracting designs to the customers

Market USP Covered

Market Drivers

The main parameter supporting the expansion of the market is the rapidly growing construction activities across the globe, especially across emerging economies. Wood floorings are known to provide numerous benefits, which in turn is a major selling point for the market.

Market Restraints

However, several aspects may restrict the development of the market's performance. The field has several environmental impacts, considered the primary challenge for the market's growth. Furthermore, the rapid fluctuation in the price of the raw materials causing volatility in the prices of the products is also predicted to restrict the market growth over the review era. In addition, the non-availability of laborers with the required skills is another major challenge the decorative tiles market faces worldwide. The market in recent years has witnessed a sudden escalation in demand for these tiles, which has put massive pressure on manufacturing companies to boost production. Moreover, the market has also witnessed a significant setback due to the arrival of the pandemic in 2019, given the shortage of labor, lack of raw materials, and lack of financial support.

Browse In-depth Market Research Report (100 Pages) on Wood Flooring: https://www.marketresearchfuture.com/reports/wood-flooring-market-7857

COVID-19 Impact

Global industrial activities and business operations experienced a major setback given to the rise of the global health crisis in the form of COVID-19. Along with all the industry operations, the pandemic affected public health across nearly 225 countries worldwide. All these situations led to the imposition of full or partial lockdowns across a majority of regions worldwide. Subsequently, the industry operations were halted, and some businesses shut down. Given the sudden fall in demand for construction activities during the pandemic and the halt of the majority of industrial operations, the wood flooring market experienced a bunch of sudden & unexpected issues throughout the pandemic. On the contrary, now that the majority of the globe is being rapidly vaccinated and industrial operations are returning to normal, the market is predicted to witness a considerable expansion and recovery in revenue generation over the assessment period.

Segment Analysis

Among all the products, the engineered wood segment secured the top place across the global wood flooring market in 2021, with the largest contribution of approximately 60-70 percent. The number of advantages the segment offers, such as low susceptibility to swelling and contracting, is considered the prime aspect causing an upsurge in the segment's performance. Furthermore, it is within the price range for a considerable residential customer base and contributes visual appeal wherever deployed.

Among all the application areas, the residential segment held the top spot across the global wood flooring market in 2021. The flooring is the aspect of interiors interacting with inhabitants the most and taking up the majority of the space.

Share Your Queries: https://www.marketresearchfuture.com/enquiry/7857

Regional Analysis

The global market for wood floorings is studied across five major geographies: Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa.

The MRFR research documents imply that the North American region held the leading position across the global wood flooring market in 2021, with the largest contribution of approximately USD 20.64 billion. The reports anticipate the regional market showcasing a CAGR of around 43.20% during the review era. The rapidly expanding residential construction activities and the adoption of wood flooring are believed to be the major driving force for the regional market.

The Asia-Pacific regional market for wood flooring is anticipated to demonstrate maximum development over the coming years. the growth of the regional market is ascribed to the aspects such as expanding projects in developing economies, increased population, and growing disposable income.

Buy Now: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=7857

Discover more research Reports on Construction Industry, by Market Research Future:

Compactors Market Information Report by Type (Landfill Compactors, Trash Compactors, Vibratory Plate Compactors and others), By End User (Residential, Commercial, Industrial and others) and By Region - Global Forecast to 2030

Composite doors and Windows Market Information Report by Material Type (Wood, Fibre Reinforced Plastics (FRP), Wood Plastic Composites (WPC)), by Application (Commercial, Industrial and Residential), and by Regions - Global Forecast To 2030

Dry Construction Market Research Report, Information: by Material (Plasterboard, Metal, Plastic, Wood and others), Type (Supporting Framework and Boarding), System (Ceiling System, Wall System, Flooring System and others), Application (Residential and Non-Residential), Region (North America, Europe, Asia-Pacific, Rest of the World) - Forecast till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter