Wood Flooring

Global Wood Flooring Market to Reach US$67.1 Billion by 2030

The global market for Wood Flooring estimated at US$51.1 Billion in the year 2024, is expected to reach US$67.1 Billion by 2030, growing at a CAGR of 4.6% over the analysis period 2024-2030. Engineered Wood, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$43.9 Billion by the end of the analysis period. Growth in the Solid Wood segment is estimated at 3.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$7.3 Billion While China is Forecast to Grow at 7.1% CAGR

The Wood Flooring market in the U.S. is estimated at US$7.3 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.0 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.8% and 3.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Global Wood Flooring Market - Key Trends and Drivers Summarized

Wood flooring encompasses a variety of products made from timber that are designed for use as flooring, either for structural or aesthetic purposes. Available in different styles, colors, cuts, and species, wood floors can be classified into two main types: solid wood flooring, which consists of planks milled from a single piece of timber, and engineered wood flooring, which is composed of multiple layers of wood veneers. The natural beauty, durability, and timelessness of wood flooring make it a popular choice for both residential and commercial spaces. Wood floors are highly valued for their ability to add warmth and character to any room, enhance the property`s value, and have compatibility with various decors.

The global wood flooring market has witnessed a steady evolution driven by advances in wood processing technologies and shifts in consumer preferences. There has been a significant move towards sustainable and eco-friendly building materials, which has increased the demand for wood flooring from certified sustainably managed forests. Innovations such as click-lock technology, which allows for easier DIY installation, and improvements in wood treatments that enhance durability and resistance to moisture and pests, have expanded the use and application of wood flooring. Additionally, the aesthetics of wood flooring continue to diversify with trends favoring both rustic, hand-scraped planks and those with highly polished, contemporary finishes. These trends reflect a broader consumer shift towards personalized and eco-conscious home decor choices.

The growth in the wood flooring market is driven by several factors including environmental regulations, technological advancements, and changing consumer preferences. Stricter environmental standards have led to innovations in sustainable forestry and wood processing, ensuring that wood flooring remains a viable option within green building practices. Technological advancements have not only improved the quality and durability of wood flooring but also expanded its applications through better moisture resistance and ease of installation. Consumer preferences have shifted towards more sustainable and aesthetically versatile flooring options, pushing the market towards higher-quality and ecologically responsible products. The rise of online retail has also facilitated greater consumer access to a wide variety of wood flooring options, further boosting market growth. 

SCOPE OF STUDY:

The report analyzes the Wood Flooring market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product Segment (Engineered Wood, Solid Wood); End-Use (Residential, Industrial, Commercial)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 274 Featured) -

• Boral Ltd.
• Beaulieu International Group
• BALTERIO Laminate Flooring
• BerryAlloc NV
• Abet Laminati SpA
• Alsafloor SA
• Apollo Flooring Center
• Balaji Action Buildwell (ActionTESA)
• BVG Industries Ltd.
• Armstrong Flooring, Inc.
• Çamsan Ordu A?aç San. ve Tic. A.?.
• Accord Floors
• Anika Global
• AllStar Renovations, Inc.
• Brandster Branding Limited

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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