Wood Flooring Market Report and Forecast 2025-2034

The global wood flooring market has reached a value of more than USD 87.70 Billion in 2024. The market is expected to grow at a CAGR of 5.70% between 2025 and 2034, likely to reach a value of USD 152.67 Billion by 2034.

Global Wood Flooring Market Growth

Wooden flooring is the utilisation of timber to manufacture a product that is used for flooring structurally or aesthetically. The wood used for flooring can be solid, engineered, or composite. Wood has been used for flooring for age owing to its versatility in function and design.

Flooring is one of the largest interior areas and wood is widely utilised for flooring due to functionality and aesthetics. Wooden floorings are less prone to damage and are easier to maintain in comparison to tiles, which has significantly enhanced the demand of wooden flooring market. With the rapid expansion of the global population, the demand for eco-friendly interior designing has significantly risen as this is part that is in contact with the human body for the longest time. Wooden flooring checks all the requirements, by being scratch-resistant and easy to maintain.

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.

Recent Developments

As per the wood flooring market dynamics and trends, Karta, a provider of sustainable wood flooring, announced the launch of 18 new natural and toxin-free wood floors in July 2024. Its new recycled leather series is made up of biodegradable wood composed of 100% PEFC-certified natural fibres.

Industry Outlook

According to the wood flooring industry analysis, the hardwood flooring sector in the US employs around 45,000 people and contributes around USD 4 billion to the GDP of the country as per the Economic Impact Study commissioned by the Hardwood Federation. The USA was the largest importer of wood flooring products in 2020, whereas the APAC region was the region with the highest growth rate.

As per the Floor Covering News research, hardwood flooring revenues fell 9.8% in 2022 compared to its significant growth in 2021. The total flooring sales for hardwood were down by 10% in 2022 compared to 2021. Hardwood flooring also accounted for 4.7% of square footage sales at the first point of distribution in 2022, whereas in 2021 these sales were 5.1%, which contributed to the growth of the wood flooring industry.

Market players are readily launching high-end and innovative wood flooring to enhance their market reach. For instance, Zena Forest Products announced a new wood flooring line in May 2024. This wood flooring line uses technology that originated in Europe and is now spreading in the US, which can boost the wood flooring industry revenue.

Increasing Demand for Eco-Friendly and Sustainable Building Materials and Technological Advancements Strengthening the Global Wood Flooring Market

• Growing consumer preference for eco-friendly and sustainable building materials driving demand for wood flooring.
• Technological advancements in wood processing and finishing for enhanced durability and aesthetics can aid the wood flooring demand growth.
• Expansion of the real estate and construction sectors boosting the adoption of wood flooring in residential and commercial projects.
• Established market presence of key players with robust capabilities in supply chain and distribution of wood flooring products.
• Increasing investments in home renovation and interior design projects promoting wood flooring as a premium option.

Limited Availability of Sustainable and Certified Wood Sources May Challenge the Growth of Global Wood Flooring Market

• Limited availability of sustainable and certified wood sources in certain regions, affecting supply consistency and wood flooring demand forecast.
• Dependence on advanced machinery and skilled labour for precise wood flooring installation.
• Challenges in maintaining wood flooring quality standards amidst fluctuating raw material prices.
• Customer expectations for long-lasting and low-maintenance flooring options.
• Economic factors influencing pricing strategies and consumer affordability in different markets.

Advancements in the Global Wood Flooring Market

• Development of engineered wood flooring with improved resistance to moisture and temperature changes can aid wood flooring demand.
• Integration of digital printing technologies for creating realistic wood grain patterns and textures.
• Deployment of eco-friendly wood treatments and finishes to enhance sustainability.
• Innovation in click-lock and floating floor systems for easy and efficient installation.
• Investment in research and development of new wood species and hybrid materials for flooring.
• Growth of online retail channels and direct-to-consumer sales models for wood flooring products.
• Partnerships with architects and interior designers to promote customized wood flooring solutions.

Factors Impacting the Prices of Wood Flooring

• Type of Wood: Different species of wood have varying costs. Exotic woods like Brazilian cherry or teak are typically more expensive than domestic species like oak, maple, or pine, and can boost wood flooring market value.
• Wood Quality and Grade: Higher-grade woods with fewer knots and imperfections cost more. Select grade or clear grade wood, which has a uniform appearance, is pricier compared to common grade or rustic grade, which has more natural variations and character marks.
• Plank Size: Wider and longer planks generally cost more due to the increased difficulty in sourcing and milling larger pieces of wood. Narrower and shorter planks are less expensive.
• Finish Type: Prefinished wood flooring, which comes with a factory-applied finish, tends to be more expensive than unfinished wood, which requires finishing after installation.
• Installation Costs: The method of installation (nail-down, glue-down, or floating) can affect the overall cost. Professional installation adds to the expense, especially for intricate patterns like herringbone or parquet.
• Supply and Demand: Market dynamics play a significant role in pricing and can aid wood flooring market revenue. High demand and limited supply of certain wood types can drive prices up.
• Harvesting and Sourcing: Wood harvested from sustainable sources or certified by organizations like the Forest Stewardship Council (FSC) may be more expensive due to the costs associated with sustainable practices.
• Processing and Milling: The processes involved in drying, cutting, and milling wood affect prices. Kiln-dried wood, which is more stable and less prone to warping, costs more than air-dried or green wood.
• Geographic Location: Local availability of certain wood species can influence prices. Wood that needs to be imported will include shipping and handling costs, making it more expensive.
• Market Conditions: Economic factors such as inflation, trade tariffs, and changes in construction activity can impact wood flooring prices. Economic downturns may lower demand, leading to reduced prices, while booms can have the opposite effect.
• Brand and Manufacturer: Well-known brands and manufacturers may charge a premium for their products due to their reputation for quality and reliability, which increases wood flooring market opportunities.
• Environmental Regulations: Compliance with environmental regulations and standards can increase production costs, which in turn affects the final price of wood flooring.
• Currency Exchange Rates: For imported wood, fluctuations in currency exchange rates can impact prices, making foreign wood more or less expensive depending on the strength of the local currency.
• Technological Advancements: Innovations in production and finishing processes can affect prices. Advanced technologies that improve durability or aesthetic appeal might come at a higher cost.

Global Wood Flooring Industry Segmentations

The report titled “Wood Flooring Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• Solid Wood
• Engineered Wood

Market Breakup by End Use

• Residential
• Commercial

Market Breakup by Distribution Channels

• Home Centres
• Flagship Stores
• Speciality Stores
• Online
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Products Available in the Wood Flooring Market

The bifurcations for the market, based on product, includes solid wood and engineered wood. The solid wood segment holds a major share of the market owing to better durability and longer lifespan. Solid woods are carved out of a single piece of timber and the elegant rustic aesthetic is a major reason for its high demand in the wood flooring market.

Engineered wood is rapidly growing in demand due to technological advancements in manufacturing wood which has enabled companies to enhance the wood quality and strength.

End-Users in the Wood Flooring Market

Based on end-use, the market segments include residential and commercial. The residential sector holds the largest market share due to its properties of impact and scratch resistance. Technological advancements to manufacture heating-compatible woods have also propelled the wood flooring market development.

The commercial segment is expected to grow rapidly due to the development of the tourism and hospitality industry in countries such as India, Philippines, Indonesia, and Brazil, among others. The increased application of wooden flooring and interior designing in commercial buildings. This market segment is also expected to grow during the forecast period attributed to the utilisation of wooden flooring solutions for indoor sports facilities and complexes.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global wood flooring market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.

AHF, LLC.

AHF, LLC. is an American company in wood flooring industry, founded in 2004, engaged in hardwood craftsmanship, wood flooring, product development, manufacturing, and service. Their wood flooring brands include Bruce, Hartco, and Homerwood. They also provide commercial flooring services under Armstrong Flooring, Parterre, and AHF Contract brands. The company operates a total of 9 manufacturing facilities with eight facilities in the United States and one in Cambodia.

Kährs Group

Kährs Group is a global manufacturer and distributor of sustainable and durable flooring solutions. It is a European company with its headquarters located in Sweden, which was founded in 1857. Their products include hardwood flooring, vinyl floors, and resilient flooring, with brands named Kährs and Upofloor.

Mohawk Industries, Inc.

Mohawk Industries, Inc. is one of the world’s largest flooring companies based in Georgia, United States and was founded in 1988. They provide flooring products for residential and commercial applications. Their offer a wide range of flooring products including ceramic tile, residential carpet, commercial carpet, rugs, laminate flooring, luxury vinyl tile, sheet vinyl, wood flooring, and countertops.

Other key players include Barlinek S.A., Mannington Mills, Inc., and Shaw Industries, Inc., among others.

Wood Flooring Market Regional Analysis

The Asia Pacific accounts for a major market share owing to the high usage of wood in the construction of building floors in China. Furthermore, wood-based floors are popular in Japan, which makes drives their regional demand.

Wood Flooring Market Trends

Wood Flooring Companies

Wood Flooring Market Regional Analysis