Dublin, August 23, 2024 (GLOBE NEWSWIRE) — The report “Wood Flooring – Global Strategic Business Report” has been added to The Offer.

The global Wood Flooring Market is valued at USD 48.8 billion in 2023 and is expected to reach USD 67.1 billion by 2030, growing at a CAGR of 4.7% between 2023 and 2030. This comprehensive report offers an in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.

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 as part of green building practices. Technological advances have not only improved the quality and durability of wood flooring, but also expanded its uses through better moisture resistance and easier installation.

Consumer preferences have shifted toward more sustainable and aesthetically versatile flooring options, pushing the market toward higher quality and environmentally responsible products. The rise of online retail has also given consumers greater access to a variety of wood flooring options, further fueling market growth.

Key findings:

• Market Growth: Understand the significant growth curve of the engineered wood flooring segment which is expected to reach $43.9 billion by 2030 at a CAGR of 5.1%. The solid wood flooring segment is also expected to grow at a CAGR of 3.9% during the analysis period.
• Regional Analysis: Gain insights into the US market, estimated to reach $7.0 billion in 2023, and China, which is forecast to grow at an impressive CAGR of 7.1% per year to reach $13.0 billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.

Reporting features:

• Comprehensive market data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.
• Detailed Regional Analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
• Company Profiles: Coverage of major players such as Boral Ltd., Beaulieu International Group, BALTERIO Laminate Flooring and more.
• Free Updates: Get free report updates for one year to stay informed of the latest market developments.

Main features:

MARKET OVERVIEW

• GLOBAL MARKET OVERVIEW
• The wood flooring market continues to benefit from the unparalleled aesthetics of wood
• Main advantages of wooden floors
• Summary of megatrends that benefit market demand
• Key demand drivers for wood flooring (2018 and 2030): Urban population, middle class, ageing population and single-person households
• Global breakdown of households by family type: Percent growth (%) during 2018-2028
• PRODUCT OVERVIEW
• Wooden floor
• Types of wooden floors
• Solid wood floorboards
• Hardwood and softwood floors
• Prefinished parquet
• Product type and regional market analysis
• Wood materials dominate the market
• Solid wood – another important market
• Europe and the USA hold significant shares of the world market
• Developing countries as growth engines of the future
• Market outlook
• Home Projects to promote business growth
• Possible price increases
• Innovations continue
• Digitally controlled sales
• Focus on design improvements
• Wood flooring – Percentage market share of the most important competitors worldwide in 2024 (D)
• Competition
• Market participants focus on added value to gain market share
• Aggressive marketing: A crucial factor in the preservation of hardwood floors
• Recent market activity
• GLOBAL BRANDS
• Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

• The “green” image of wooden floors ensures growth
• Environmentally friendly: The new mantra for plywood flooring manufacturers
• Increasing use of sustainable floor decoration materials drives demand
• Prefabricated and recycled wood is gaining importance
• The wood flooring industry is focusing on digitalization
• Blog and design show proliferation: key factors driving consumer interest in hardwood flooring
• Product innovations promote growth
• Housing renovation: The most important demand driver
• Wood materials are becoming increasingly popular
• Advantages of prefinished parquet
• Disadvantages
• Long-term home value growth supports demand for hardwood flooring
• Advantages of hardwood
• Disadvantages
• Hardwood floors complement the latest trends in interior design
• Transitional flooring: flush hardwood and tile in the same room
• Striking trends are causing a stir in the global wood flooring market
• Cork floor
• Prefinished parquet floors
• Wood floors grown and manufactured in America
• Flooring made of reclaimed wood
• The latest trends in wood flooring enhance the look of your home
• White oak floors
• Floors made of European white oak
• Color options are trending in the wood flooring market
• Blonde wooden floor
• Honeywood floor
• Grey wooden floors
• Greige wooden floors
• Whitewashed wooden floors
• High variation remains a hallmark of the latest texture trends in wood flooring
• Parquet flooring in used look
• Hand-planed floors
• Wire brushed wooden floors
• Finishing trends shine in the wood flooring market
• Smoked wooden floors
• Wooden floors with matt finish
• Oiled wooden floors
• Satin wooden floor
• On-site finished wooden floors
• Layout and pattern trends for wood floors
• Herringbone wooden floor
• Wide plank floors
• Innovations in manufacturing technology promote growth in the wood flooring sector
• Increasing demand for innovative locking systems for easy installation of floor coverings
• Solid wood construction offers potential
• Laminate flooring: The fast-emerging replacement for wooden floors
• Macro trends influence demand dynamics

Focus on selected players(Total 274 presented)

• Boral GmbH
• Beaulieu International Group
• BALTERIO laminate floors
• BerryAlloc NV
• Abet Laminati SpA
• Alsafloor SA
• Apollo Flooring
• Balaji Action Buildwell (ActionTESA)
• BVG Industries Ltd.
• Armstrong Flooring, Inc.
• Accord floors
• Anika Global
• AllStar Renovations, Inc.
• Brandster Branding Limited

For more information about this report visit https://www.researchandmarkets.com/r/4mkwuz

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• Global wood flooring market