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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Wood Flooring Market Trends
Increasing Efforts to Develop Superior Products to Offer Lucrative Opportunities for Growth
Market players are focusing on technological developments to develop and provide products with increased lifespan, impact, and moisture resistance, while providing aesthetics to the flooring of the house and aiding the growth of the wood flooring market.
Low Moisture and Impact Resistance can Hinder the Market Growth
Floorings are constantly challenged by moisture, spillage of liquids, scratches, and impact from objects in the house. The wooden floors are less resilient to impact and moisture compared to ceramic tiles. This can prove to be a major setback for the wooden flooring market.
Wood Flooring Market Report Snapshots
Wood Flooring Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global market for wood flooring reached a size of USD 87.70 billion.
The market is expected to grow at a CAGR of 5.70% during the period 2024-2032.
The market is expected to reach a value of USD 144.43 billion.
The market is driven by the increasing demand for eco-friendly interior design in residential facilities and utilisation in commercial buildings.
The technological developments for flooring aesthetics and stronger flooring solutions and the rising adoption of engineered wood for various interior designing are the key trends in the market.
The regional markets for the global market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The different products in the wood flooring market include solid wood and engineered wood.
Wood flooring find end-uses in residential and commercial sectors.
The distribution channels available in the market include home centres, flagship stores, speciality stores, and online, among others.
The key players in the market include Barlinek S.A., AHF, LLC., Kahrs Group, Mohawk Industries, Inc., Mannington Mills, Inc., and Shaw Industries, Inc., among others.
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