Hardwood Flooring Market 2019 Global Analysis, Opportunities And Forecast To 2024

Global Hardwood Flooring Market Share, Size, Trends, Demand and Outlook By 2024

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Report Description and Highlights

Report Description

Hardwood Flooring Market Report By End-Use Sector Residential Sector and Commercial Sector), Raw Material (Red Oak, White Oak, Maple and Others), Region Hardwood flooring has been one of the preferred flooring variants owing to its relatively long lifespan and the ability to enhance indoor air quality. This can also be accredited to the low maintenance requirements and the availability of a wide variety of styles and designs.

Market Overview: According to the latest report by IMARC Group, titled “Hardwood Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global hardwood (wood) flooring market size reached US$ 40 Billion in 2018. Hardwood flooring refers to a type of flooring which is manufactured using real wood and preserves the unique appearance of the wood and textured grain. It is fixed over a proper subfloor by a fastener specifically designed for its installation. In comparison with other flooring variants, hardwood flooring is easy to install and clean, and collects relatively less dirt and dust. Moreover, it is easier to repair and refinish than laminate flooring and can be recycled without causing any damage to the environment.

Report Description and Highlights

Report Description Market Trends:

On account of its long lifespan, low maintenance requirements, and the ability to improve indoor air quality, hardwood flooring has gained popularity around the world. As a result, consumers opt for this flooring variant to enhance the aesthetics of their houses. It is also used in commercial spaces as it is highly durable and scratch resistant in nature. Apart from this, manufacturers are providing a wide variety of styles, designs and surface textures to expand their consumer base. They are also incorporating advanced technologies to offer high-performance hardwood flooring. Further, hardwood flooring has zero VOC emissions and it uses adhesives which are free from formaldehyde. This assists in making them safer than other types of flooring. However, stringent government regulations aimed to safeguard the environment is hampering the growth of the global hardwood (wood) flooring market.

This can be accredited to the hindrances associated with acquiring raw materials which are used for manufacturing hardwood flooring. Besides this, the high prices of these products and the availability of numerous substitutes are also anticipated to impact market growth negatively.

Hardwood Flooring Market Segmentation: Market Segmentation by End-Use Sector Request for a sample report: https://www.imarcgroup.com/hardwood-flooring-market/requestsample

Market Forecast

Sample Figure: Global: Flooring Market Forecast: Sales Volume (in Billion Sq. Meters), 2019-2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description • •

Residential Sector Commercial Sector

Based on the end use sector, the market has been bifurcated into residential and commercial sectors. At present, the commercial sector dominates the market, holding the largest market share.

Market Segmentation by Raw Material • Red Oak • White Oak • Maple • Others On the basis of the raw material, the market has been classified into red oak, white oak, maple and others. Amongst these, red oak accounts for the majority of the total market share.

Market Segmentation by Region •

North America

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Market Segmentation

Report Description • • • •

Europe Asia Pacific Latin America Middle East and Africa

Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. At present, North America is the biggest market, holding the majority of the global share.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • •

Armstrong Bruce Flooring Balterio Laminate Flooring Beaulieu International Group BerryAlloc Classen

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description • •

Egger Formica

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Report Description and Highlights

Report Description

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