Global Wood Flooring Market Overview
The global wood flooring market is expected to grow from USD 33,279.5 million in 2019 to USD 41,682.2 million by 2027, exhibiting a CAGR of 3.6% between 2020 and 2027. This growth is driven by increased government support for wood products in construction and the rising demand for consumer-friendly building designs. These trends are fostering a growing demand for advanced wood flooring solutions worldwide, according to the latest report by Fortune Business Insights.
Companies Operating in the Global Wood Flooring Market
- Mohawk Industries, Inc. (U.S.)
- Armstrong Flooring, Inc. (U.S.)
- Shaw Industries Group, Inc. (U.S.)
- LL Flooring (U.S.)
- Junckers Industrier A/S (Denmark)
- British Hardwoods (UK)
- Connor Sports (U.S.)
- Tarkett S.A. (France)
- Boral (Australia)
- Daiken Corporation (Japan)
- Kährs Holding AB (Sweden)
- Barlinek S.A. (Poland)
Report Inclusions
Information Source:
https://www.fortunebusinessinsights.com/wood-flooring-market-104011
Regional Insights
- Asia-Pacific: Valued at USD 19,665.1 million in 2019, Asia-Pacific is expected to hold the largest market share due to favorable government policies promoting the use of wood as a raw material in construction.
- Europe: The European market is anticipated to grow significantly as companies focus on developing heat-compatible wood flooring products between 2020 and 2027.
Competitive Landscape
- Partnerships and Expansions: The wood flooring market is fragmented, with major companies concentrating on partnerships to expand their product portfolios and gain a competitive edge. Strategies such as collaborations, new product introductions, and mergers and acquisitions are expected to drive market growth in the coming years.
