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Wood Flooring - Global Market Trajectory & Analytics

  • ID: 1227815
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc
Positive yet Weak Growth Predictions for 2015 Suggest Mixed Bag of Opportunities

FEATURED COMPANIES

  • Anderson Tuftex
  • Barlinek SA
  • Boral Limited
  • Kährs Group
  • Mannington Mills, Inc.
  • Mullican Flooring, LP
  • MORE
World market for Wood Flooring is projected to reach 16.2 billion square feet by 2024, driven by the steady global recovery in construction projects over the last couple of years in most countries worldwide; growing concerns over the environment and the ensuing preference for wood as a green building material given its lower carbon footprint and renewable characteristics when harvested through sustainable forest management practices. Benefits of wood flooring that makes it a special favorite among homeowners include easy maintenance and durability; enhances indoor air quality (IAQ) by repelling dust, animal dander, pollen, mould and mildew; flaunts a versatile classy elegance that complements almost any interior design theme; improves acoustics in a home by reducing hollow sounds and vibrations; comes available in a wide choice of wood species in myriad colors; as a poor conductor of heat it absorbs less heat and allows more circulation of heat resulting in reduced energy bills; and helps enhance the rental value and sale price of homes.

Other major factors driving growth include stringent government regulations calling for mandatory renovation of aging buildings; growing demand for hard wearing and natural-looking floors; development of easy to install wood flooring designs such as standard angle locking technology, glueless-click lock installation, snap and lock installation; growing popularity of factory finished hardwood flooring for its lower risk of stains and discolorations associated with onsite finishing and longer durability; rising commercial value of solid wood parquet flooring for its anti-allergy flooring characteristics; and widening product choices in terms of colors, textures, patterns, strength, and wood floors manufactured from a variety of rare and exclusive wood species.

Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a projected CAGR of 5.9% over the analysis period, led by rapid urbanization and resulting housing and real estate development; preference for tropical wood flooring in rich, beautiful and luxurious designs; launch of affordable engineered wood flooring solutions; and expanding middle class and their changing attitude towards flooring decors. The region is famous for tropical wood growing in rainforests and moist broadleaf forests such as Mahogany, Teak, Ebony, Rosewood, Narra, and Chloroxylon also known as the East Indian Satinwood Lumber.

Select Competitors (Total 99 Featured):
  • A&W (Shanghai) Woods Co., Ltd.
  • Anderson Tuftex
  • ARK Floors Inc.
  • Barlinek SA
  • Beaulieu International Group
  • Boa-Franc, Inc.
  • Boral Limited
  • British Hardwoods Flooring
  • Dalian JiaYang Wood Products Co., Ltd.
  • Engineered Floors LLC
  • Kährs Group
  • Kronospan
  • Mannington Mills, Inc.
  • Mohawk Industries, Inc.
  • Mullican Flooring, LP
  • Nature Home Holding Company Limited
  • Pergo
  • Power Dekor Group Co., Ltd.
  • Shaw Industries Group, Inc.
  • Somerset Hardwood Flooring
  • Tarkett S. A.
  • Weyerhaeuser Company
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Anderson Tuftex
  • Barlinek SA
  • Boral Limited
  • Kährs Group
  • Mannington Mills, Inc.
  • Mullican Flooring, LP
  • MORE
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Wood Flooring Market Continues to Gain from Unrivaled Aesthetic Appeal of Wood
  • Global Flooring Market by Type (2018): Percentage Breakdown of Volume Sales by Type
  • Primary Advantages of Wood Flooring
  • Growth Drivers for the Wood Flooring Market: On a Scale of 1 - 10 (10 - High Impact; 1 - Low Impact)
  • Growth Dampeners for Wood Flooring Market: On a Scale of 1 - 10 (10 - High Impact; 1 - Low Impact)
  • Mega Trends Benefiting Market Demand Summarized
  • Exhibit 1: Major Demand Drivers for Wood Flooring (2018 & 2030): Urban Population, Middle Class, Aging Population, and Single Person Households
  • Exhibit 2: Global Households Breakdown by Type of Family: Percentage Growth (%) over the Period 2018-2028
  • Global Market Outlook
  • Solid Wood to Occupy Prominent Market Share
  • Developing Countries to Drive Future Growth
  • Global Economic Scenario and Impact on Flooring Market
  • Exhibit 3: Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2021
  • Recovery in Construction Activity: An Important Growth Driver
  • Projected Increase in Construction Investments Favors Wood Flooring Market: World Construction Industry (in US$ Trillion) for the Years 2017, 2019 & 2022
  • Construction Industry Worldwide: Percentage CAGR of Construction Output by Region for the Period 2013-2017 and 2018-2023
  • Growth in the Global Construction Market by Sector: 2015-2022
  • Recent Market Activity
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
  • AHF LLC
  • Barlinek SA (Poland)
  • Beaulieu International Group (Belgium)
  • Boral Limited (Australia)
  • Brumark Corporation (USA)
  • Kahrs Group (Sweden)
  • Mannington Mills, Inc. (USA)
  • Mohawk Industries, Inc. (USA)
  • Shaw Industries Group, Inc. (USA)
  • SWISS KRONO Group (Switzerland)
  • Tarkett, Inc. (USA)
3. MARKET TRENDS & DRIVERS
  • The ‘Green’ Image of Wood Flooring Lends Growth
  • Go Green: The New Mantra for Plywood Flooring Manufacturers
  • Increasing Adoption of Sustainable Floor Decorative Materials Spurs Demand
  • Pre-Finish and Reclaimed Wood Gathers Momentum
  • Wood Flooring Industry Adopts Digitalization
  • Proliferation of Blogs and Design Shows: Key Factors Driving Consumer Interest in Hardwood Flooring
  • Product Innovations Boost Growth
  • Residential Replacements: The Primary Demand Driver
  • Engineered Wood Finds Wider Preference
  • Advantages of Engineered Hardwood
  • Disadvantages
  • Long-Term Value to Homes Supports Demand for Hardwood Flooring
  • Advantages of Hardwood
  • Disadvantages
  • Hardwood Floorings Complementing Latest Interior Décor Trends
  • Noteworthy Wood Flooring Trends
  • Color Trends Summarized
  • Texture & Effect Trends Summarized
  • Finishes & Style Trends Summarized
  • Wooden Flooring Size Trends
  • Other NoTable Wood Flooring Trends
  • Transitional Flooring: Flushed Hardwood and Tile in the Same Space
  • Innovations in Manufacturing Technologies to Promote Growth in Wood Flooring
  • Growing Demand for Innovative Locking Systems for Easy Installation of Floorings
  • Mass-Timber Construction Technique Offers Potential
  • Laminate Flooring: The Fast Emerging Substitute to Wood Flooring
  • Macro Trends Influencing Demand Dynamics
  • Exponential Increase in Global Urban Population
  • World Urban Population in Thousands: 1950-2050P
  • Exhibit 4: Degree of Urbanization Worldwide: Urban Population as a % of Total Population by Geographic Region for the Years 1950, 1970, 1990, 2018, 2030 and 2050
  • Exhibit 5: Percentage of Urban Population in Select Countries for 2018, 2020, 2030, 2040 and 2050
  • Expanding Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • Top Countries Worldwide in Terms of Population in Millions for the Years 1990, 2019 and 2050
  • Burgeoning Middle Class Population
  • Exhibit 6: Global Middle Class Population (In Million) by Region for the Years 2020, 2025 and 2030
  • Exhibit 7: Global Middle Class Spending (US$ Trillion) by Region for the Years 2020, 2025, 2030
  • Rising Standards of Living
  • PRODUCT OVERVIEW
  • Wood Flooring
  • Types of Wood Flooring
  • Solid Wood Flooring
  • Hardwood and Softwood Flooring
  • Engineered Wood Flooring
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • Newer Technology and Trends in Hardwood Flooring Drive Healthy Market Growth
  • US Wood Flooring Market Share (in %) by Company: 2019
  • Hardwood Trends in the US Summarized
  • Exhibit 8: US Wood Flooring Market by Species (2019): Percentage Breakdown of Species Installed for Brazilian Cherry, Maple, Red Oak, White Oak, and Others
  • Numerous Benefits over Solid Hardwood Drive Demand for Engineered Wood Flooring
  • Engineered Wood Flooring Dominates US Wood Flooring Marke
  • Engineered Wood Offer More Opportunities for Innovation in Design
  • Increasing Competition for Hardwood Flooring from Laminate, LVT, and WPC
  • Other Growth Mitigating Factors
  • Cork & Bamboo Attempt a Comeback
  • Despite Challenges, Optimistic Outlook Projected for Hardwood Flooring
  • Construction Activity: A Major Market Growth Determinant in the US
  • Uptrend in Construction Activity Offers Growth Opportunities
  • Exhibit 9: US Non-Residential Construction Market by Segment (2019): Percentage Breakdown of Investments for Commercial & Office, Industrial & Others, and Institutional
  • Exhibit 10: US Private Non-Residential Construction Market by Sector (2019): Percentage Breakdown of Construction Spend for Commercial, Communication, Education, Healthcare, Lodging, Manufacturing, Office, Power, and Others
  • Exhibit 11: Number of Housing Starts by Type - Single-Family Units and Multi-Family Units in Thousands in the US (2014-2019)
  • Exhibit 12: US Wood Flooring Market by End-Use Sector (2019): Percentage Breakdown of Sales for Commercial New Construction, Commercial Replacement, Residential New Construction, Residential Replacement, and Others
  • Residential Replacement Market Dominates Wood Flooring Demand
  • Noteworthy Wood Flooring Design & Format Trends
  • Green Buildings to Drive Future Growth
  • Exhibit 13: Number of LEED-Certified Projects in the United States (2010-2018)
  • Wood Floor Finishing Trends
  • Wood Floor Pattern and Layout Trends
  • Migration from Shiny and Sleek Products to Warm and Attractive Wood Flooring Types
  • US Flooring Market: A Macro Perspective
  • Exhibit 14: US Flooring Market by Flooring Type (2019): Percentage Breakdown of Value Sales for Carpets and Rugs; Hardwood Flooring; Laminate; Luxury Vinyl Tile; Stone Flooring; Vinyl Sheet & Floor Tile; Wall Tile & Ceramic Floor; and Others
  • Exhibit 15: US Flooring Market by Type (2019): Percentage Breakdown of Volume Sales for Carpets and Rugs; Hardwood Flooring; Laminate; Luxury Vinyl Tile; Stone Flooring; Vinyl Sheet & Floor Tile; Wall Tile & Ceramic Floor; and Others
  • Wood Flooring Texture Trends
  • CANADA
  • Healthy Economic Landscape Establishes Canada as a Lucrative Market
  • Hard-Surface Flooring Gain Traction
  • Exhibit 16: Floor Coverings Market in Canada by Type (2019): Percentage Share Breakdown for Carpets & Rugs; Ceramics; Vinyl, Linoleum & Rubber; Wood & Laminates, and Other Non-Resilient Flooring
  • Canadian Housing Sector: An Overview
  • Canadian Housing Market (2010-2019): Housing Starts in '000 Units
  • Environmental Concerns and Ethical Issues
  • Innovation: Key to Survival in the Marketplace
  • Rising Imports of Wood Flooring from China Threatens Domestic Manufacturers
  • JAPAN
  • Changing Consumer Preference Driving Wood Flooring Market Growth
  • Steady Growth in Housing Starts Augur Well for Market Demand
  • Exhibit 17: Housing Starts (in Thousand Units) in Japan for the Years 2010 through 2018
  • CHINA
  • Floor Covering Market in China: An Overview
  • Floor Coverings Volume Market in China (% Share): 2020
  • Rapid Urbanization in China to Boost Demand for Wood Flooring
  • Urbanization in China (2011-2020): Percentage Share of Total Population Living in Cities
  • EUROPE
  • Europe Continues to Offer STable Opportunities to Wood Flooring Products
  • European Flooring Market by Type (In Volume %): 2020
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Encouraging Construction Activity in Asia Bodes Well for the Industry
  • Urbanization Rate in Asia-Pacific (2018-2048): Percentage Share of Total Population Living in Cities
  • Asia-Pacific Volume Market for Flooring by Type (% Share): 2020
  • AUSTRALIA
  • INDIA
  • Untapped Rural and Underpenetrated Urban Markets Drive Strong Growth
  • Exhibit 18: Percentage Share Breakdown of Indian Households by Income Group (2018 & 2025)
  • Major Growth Drivers Summarized
  • Spurt in Residential and Commercial Construction in Tier-2 and Tier-3 Cities
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • Flooring Market: Increasing Penetration of Wood and Laminate
  • Exhibit 19: Latin American Volume Market for Flooring by Type (% Share): 2020
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • Large Number of Construction Projects Propel Market Demand in the Middle East
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 99
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • A&W (Shanghai) Woods Co. Ltd.
  • Anderson Tuftex
  • ARK Floors Inc.
  • Barlinek SA
  • Beaulieu International Group
  • Boa-Franc, Inc.
  • Boral Limited
  • British Hardwoods Flooring
  • Dalian JiaYang Wood Products Co. Ltd.
  • Engineered Floors LLC
  • Kährs Group
  • Kronospan
  • Mannington Mills, Inc.
  • Mohawk Industries, Inc.
  • Mullican Flooring, LP
  • Nature Home Holding Company Limited
  • Pergo
  • Power Dekor Group Co. Ltd.
  • Shaw Industries Group, Inc.
  • Somerset Hardwood Flooring
  • Tarkett S. A.
  • Weyerhaeuser Company
Note: Product cover images may vary from those shown
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