The global Wood Flooring market is anticipated to reach around USD 51.38 billion by 2033, growing at a compound annual growth rate (CAGR) of 3.45% from 2023 to 2033. Wood flooring encompasses various types of flooring made from natural or engineered wood planks, designed to cover subflooring in buildings. This type of flooring is available in multiple styles and patterns, such as plank, strip, parquet, and engineered formats. Solid wood flooring consists of a single piece of hardwood and can be sanded and refinished multiple times. In contrast, engineered wood flooring features a top layer of hardwood veneer bonded to a base of plywood or other materials, offering a more cost-effective option that is generally more resistant to moisture and warping. Renowned for its durability, natural aesthetics, and warmth, wood flooring is a popular choice for both residential and commercial spaces, available in a wide array of styles and finishes ranging from traditional to modern.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By Material (Resilient flooring, Non-resilient flooring)
By Application (Residential, Non-residential)
Key players
Armstrong
Beaulieu International Group
Berkshire Hathaway
Boral Limited
Brumark Corporation
Khrs Holding AB
Mannington Mills
Mohawk Industries
Nature Home Holding Company Limited
Tarkett
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