Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Wood Flooring Market size was valued at USD 52.5 billion in 2024 and is expected to reach USD 115.7 billion by the end of 2037, growing at a CAGR of 6.9% during the forecast period from, 2025-2037. In 2025, the industry size of wood flooring is estimated at USD 54.8 billion by the end of 2025.
The increasing popularity of green buildings is expected to propel the sales of sustainable and eco-friendly construction materials, including wood flooring, during the foreseeable period. The strict government regulations and consumer preference for environmentally responsible products are contributing to the increasing trade of wooden flooring products. The U.S. Green Building Council (USGBC) states that the adoption of green building standards increased by more than 100,100 commercial projects in 2023. The green building certified projects are expected to support the increasing sales of eco-friendly wood flooring products.
The supportive government programs are estimated to promote sales of renewable materials during the study period. The U.S. Department of Agriculture’s (USDA) BioPreferred Program is fueling the adoption of wood flooring solutions in public and private construction projects. The report by the USDA reveals that the bio-based products, including wood flooring, contributed USD 489.5 billion to the U.S. economy in 2024. This highlights that wood flooring is a win-win market for investors.
Wood Flooring Sector: Growth Drivers and Challenges
Growth Drivers
-
Rise in urbanization and construction growth: The robust rise in urban activities in the developing regions is fueling the sales of wood flooring and associated chemicals. As per the study by the Food and Agriculture Organization (FAO), the construction projects in the Asia Pacific increased by 10.4% in 2023. This underscores profitable opportunities for wood flooring producers. The high-performance adhesives and coatings are being widely applied in installations of wood flooring due to their effectiveness and durability.
- Sustainability trend: The sustainability trend is expected to boost the sales of eco-friendly wood flooring solutions in the coming years. The United States Department of Agriculture (USDA) invested around USD 50.2 million in wood product innovation, including low-carbon adhesives. This supported the sales of eco-friendly flooring solutions. Many companies are also aiming to reduce their carbon footprint to align with the strict environmental regulations. This move by key players is anticipated to boost the use of green chemicals in wood flooring production.
Wood Flooring Market Analysis and Insights
China is expected to lead the sales of wood flooring shipments, followed by the U.S. and Germany, owing to sustainability trends and urban growth. The residential renovations and LEED certifications are fueling the use of wooden flooring in the U.S. The demand for luxurious structures is also expected to promote the adoption of wood flooring products in the coming years. Leading wood flooring manufacturers are adopting organic and organic marketing strategies to earn high gains.
Market Volume and Growth Trends
|
Country |
Shipment Value (2023, USD Billion) |
Annual Growth Rate (2018-2023) |
|
United States |
14.5 |
5.9% |
|
China |
19.7 |
6.5% |
|
Germany |
8.6 |
5.4% |
Regional Disparities and Emerging Markets
|
Region |
Shipment Growth (2022) |
Projected CAGR (2023–2028) |
|
India |
8.7% (USD 76.8 million) |
6.5% |
|
Southeast Asia |
- |
6.6% |
|
North America |
- |
5.9% |
|
Europe |
- |
5.5% |
Competitive Landscape and Strategic Positioning
|
Company |
Country |
Market Share |
Key Strategy |
|
Mohawk Industries |
U.S. |
13-16% |
Acquisitions (e.g., Elizabeth Coatings, 2022) |
|
Shaw Industries |
U.S. |
11-14% |
Recycling partnerships (Encina, $2.5M waste) |
|
Tarkett S.A. |
France |
9-11% |
Eco-friendly carpet tiles |
|
Armstrong Flooring |
U.S. |
8-10% |
Acquired by AHF Products (2022) |
|
Beaulieu International |
Belgium |
7-9% |
European market focus |
|
Boral Limited |
Australia |
8-9% |
Asia-Pacific expansion |
|
Mannington Mills |
U.S. |
6-8% |
Resilient flooring innovation |
|
Kährs Group |
Sweden |
5-7% |
Engineered wood specialization |
|
Barlinek SA |
Poland |
5-8% |
Eastern Europe growth |
|
Greenlam Industries |
India |
4-6% |
Asia-Pacific market penetration |
Sensitivity Analysis
|
Risk Factor |
Impact |
Mitigation |
|
Geopolitical Tensions |
15.3% timber cost increase (FAO) |
Diversify sourcing to North America/Latin America |
|
Raw Material Volatility |
20.4% hardwood price surge (BLS) |
Use bio-based alternatives |
|
Climate Regulations |
10.5% compliance cost rise (EU Timber Regulation) |
Invest in FSC-certified wood (30% global share, 2022) |
Wood Flooring Trade Dynamics and Market Prospects
The rapid urbanization and supply chain resilience are shaping the trade of wood flooring products globally. The production and commercialization of wood flooring solutions is led by Asia Pacific owing to the swift rise in infrastructure development activities and expansion of global manufacturers. The market observed tremendous losses during the COVID-19 outbreak; however, strategic public-private collaborations aided in uplifting the total trade. Furthermore, the bio-based chemical innovations are poised to boost the sales of eco-friendly wood flooring solutions in the years ahead.
Import and Export Data (2019-2024)
|
Year |
Country |
Export Value (USD Billion) |
Destination |
Import Value (USD Billion) |
Origin |
|
2019 |
China |
3.9 (floor coverings) |
Global |
3.3 |
Global |
|
2022 |
China |
3.7 (floor coverings) |
Global |
3.2 |
Global |
|
2023 |
China |
8.5 (wood building materials) |
Global |
3.5 |
Global |
|
2023 |
Canada |
2.6 (wood building materials) |
U.S., Asia |
0.6 |
U.S. |
|
2023 |
Germany |
2.2 (wood building materials) |
Europe, U.S. |
3.2 |
Global |
|
2023 |
U.S. |
2.8 (lumber) |
China, Japan |
44.7 (forest products) |
Canada, Brazil |
|
2023 |
Japan |
0.08 (hardwood lumber) |
China |
- |
U.S. |
|
2024 |
U.S. |
0.06 (hardwood to Japan) |
Japan |
- |
- |
Key Trade Routes
|
Trade Route |
Share of Global Chemical Trade (2021) |
Value (USD Trillion) |
Wood Flooring Trade (2023, USD Billion) |
|
Japan-to-Asia |
20.3% |
0.847 (organic chemicals) |
0.076 (hardwood to China) |
|
Europe-to-North America |
25.2% |
1.06 |
2.2 (Germany to U.S.) |
Trade Patterns and Policies
|
Pattern/Policy |
Impact |
Data |
|
Specialty Chemicals Growth |
U.S. exports to Europe grew 5.9% annually (2018-2023) |
$30.5 billion in 2023 (USITC) |
|
Trade Policies |
EU Timber Regulation increased compliance costs by 10.3% |
90.3% EU imports compliant (European Commission) |
|
COVID-19 Impact |
Chemical trade dropped 10.5% in 2020 |
$847 billion in 2019 to $764 billion (S&P Global) |
Japan Wood Flooring Market Analysis
The Statistics Bureau of Japan, the lumber and wood products manufacturing shipments increased from 2.8 trillion JPY in 2020 to 3.3 trillion JPY in 2021. The supportive government policies and rising public funding are likely to expand the production and commercialization of wood flooring solutions in the years ahead. The long tradition of using wood in structures is also contributing to the overall market growth.
Wood Flooring Shipments (2018-2023)
|
Year |
Shipment Value (Trillion JPY) |
USD Equivalent (Billion) |
Example |
|
2018 |
2.8 |
24.6 |
Lumber and wood products |
|
2019 |
2.75 |
24.8 |
Lumber and wood products |
|
2020 |
2.79 |
25.9 |
Lumber and wood products |
|
2021 |
3.28 |
29.8 |
Lumber and wood products |
|
2022 |
- |
- |
No specific data |
|
2023 |
- |
8.5 (wood market) |
Hardwood exports to China: USD 91.6M |
Key Trends in Specialty Chemicals and Supply Chain Disruptions
|
Trend |
Metric |
Value |
|
Specialty Chemicals Growth |
CAGR (2018-2023) |
3.7% |
|
Specialty Chemicals Value |
2023 |
USD 107.3B |
|
Supply Chain Disruption |
Chemical Trade Drop (2020) |
10.4% |
|
Timber Cost Increase |
2021-2023 |
15.3% |
Export Markets and Shipment Trends
|
Export Market |
Metric |
Value |
|
Hardwood to China |
2023 Value |
USD 91.6M |
|
Hardwood to China |
2024 Decline |
42.4% |
|
SE Asia (Vietnam) |
2024 Growth |
34.3% |
|
Electronic Chemicals to Asia |
2023 Growth |
5.5% |
|
Electronic Chemicals Value |
2023 |
USD 47.4B |
Impact of Domestic Policies and Carbon Neutrality
|
Policy |
Metric |
Value |
|
Battery Material Shipments |
2022 Growth |
12.3% |
|
Battery Material Value |
2022 |
USD 15.5B |
|
Low-VOC Coating Demand |
2023 Growth |
8.6% |
|
Green Packaging Market |
2023 Value |
USD 19.09B |
Challenges
-
Stringent environmental regulations: The stringent environmental regulations are hampering the production and commercialization of wood flooring products to some extent. The high compliance costs are expected to limit the market entry of new companies and the expansion of small players. The budget-conscious manufacturers are not able to earn lucrative gains from the latest trends, which hampers the overall market growth. The restrictions on tree cutting are also set to limit investments in the wood flooring market in the coming years.
- Raw material price volatility: The fluctuations in the raw material supply are poised to hamper the sales of wood flooring solutions. The rise in raw material prices hinders the budget of company and directly affects the costs of the final product. Pricing challenges lower the sales of wood flooring solutions and increase competitiveness in the market. To overcome such obstacles, many manufacturers enter into strategic partnerships with raw material suppliers.
Wood Flooring Market: Key Insights
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
6.9% |
|
Base Year Market Size (2024) |
USD 52.5 billion |
|
Forecast Year Market Size (2037) |
USD 115.7 billion |
|
Regional Scope |
|
Wood Flooring Segmentation
Product Type (Solid Wood, Engineered Wood, Laminate)
The engineered wood segment is poised to account for 66.1% of the global market share through 2037. The prime factors boosting the sales of engineered wood flooring are its long-term cost benefits and moisture resistance. As per the U.S. Department of Agriculture (USDA), engineered wood’s compatibility with radiant heating systems is driving its use in wooden flooring. Furthermore, the sustainability certifications, including the Forest Stewardship Council (FSC), capturing 30.5% of the global wood supply, are set to drive the adoption of eco-friendly engineered wood flooring.
Application (Residential, Commercial, Industrial)
The residential segment is estimated to hold 70.9% of the global wood flooring market share from 2025 to 2037. The robust urban growth, coupled with high residential construction activities, is contributing to the overall segmental growth. According to the analysis by the U.S. Census Bureau, the residential construction spending from 2020 to 2023 increased by 12.4%. This reflects that the residential sector opportunistic marketplace for wood flooring manufacturers. Furthermore, the growing sustainability and green building trends are poised to fuel the sales of low-VOC and eco-friendly residential wood flooring products.
Our in-depth analysis of the wood flooring market includes the following segments:
|
Product Type |
|
|
Application |
|
|
Distribution Channel |
|
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Customize this ReportWood Flooring Industry - Regional Scope
APAC Market Forecast
The Asia Pacific wood flooring market is projected to capture 47.2% of the global revenue share by 2o37. The robust infrastructure development activities are expected to fuel the sales of wood flooring solutions. The sustainability trend is also increasing the use of eco-friendly flooring in some Asia Pacific countries. According to the analysis by the Ministry of Economy, Trade and Industry (METI), in 2022, around 25.5% of eco-friendly bamboo flooring installations were observed in Japan. South Korea is estimated to lead the sales of innovative flooring, particularly integrated with digital technologies.
The sales of wood flooring solutions in China are foreseen to increase at a high CAGR throughout the study period. The rising construction activities are accelerating the adoption of wood flooring products. As per the analysis by the UN-Habitat, the urban population of China is projected to increase by 60.3% by 2030. Furthermore, the National Development and Reform Commission (NDRC) estimates that following the Belt and Road Initiative, construction activities are expected to grow by 7.4% annually. This highlights that population growth is directly augmenting the sales of wood flooring solutions in the country.
The India wood flooring market is poised to reach a valuation of USD 6.7 billion by the end of 2037. The swiftly increasing smart cities initiatives are creating a lucrative environment for wood flooring manufacturers. The Federation of Indian Chambers of Commerce & Industry (FICCI) projects that the Smart Cities Mission, with around USD 24.7 billion investment strategy, is set to promote 60.4% of flooring projects using engineered wood in the country. The supportive government policies and rising public-private investment tactics are likely to double the revenues of wood flooring producers in the coming years.
North America Market Statistics
The North America wood flooring market is expected to expand at a CAGR of 6.1% from 2025 to 2037. The increasing residential construction activities are likely to fuel the demand for wood flooring. The U.S. leads the sales of wood flooring products owing to high construction activities. The U.S. residential construction spending was calculated at USD 719.4 billion in 2021. The continuous technological innovations and sustainability trend are poised to propel the sales of both smart and eco-friendly wood flooring solutions in the years ahead.
The U.S. wood flooring market is foreseen to cross USD 8.5 billion by the end of the forecast period. The residential sector is expected to dominate the sales of engineered wood flooring solutions in the coming years. The strict regulations are expected to fuel the sales of sustainable flooring solutions in the country. For instance, Mohawk Industries invested nearly USD 50.4 million in sustainable coatings in 2023, which reduced its VOC emissions by 15.6%. This reflects that manufacturers investing in eco-friendly wood flooring chemicals are expected to aid them in aligning with the sustainability trends and regulations.
The rise in eco-friendly housing projects in Canada is expected to propel the sales of wood flooring during the forecast period. Similar to the U.S., the residential sector is anticipated to lead the demand for wood flooring products. The FSC-certified wood is mainly utilized in the production of wood flooring, as it aligns with the country’s deforestation commitments. Furthermore, the green building initiatives are promoting the use of sustainable chemicals in the production of wood floorings.
Companies Dominating the Wood Flooring Landscape
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The wood flooring market is approaching maturity. Manufacturers are expected to earn lucrative gains in developed markets such as Europe and North America, due to the higher rates of adoption. Additionally, the market remains competitive, with leading companies employing varied strategies from mergers and acquisitions to partnerships and collaborations. The opportunities in the wood flooring market are projected to be high in emerging economies for key players. Here is a list of key players operating in the global market:
|
Company Name |
Country of Origin |
Revenue Share 2024 |
|
Mohawk Industries, Inc. |
USA |
12.3% |
|
Shaw Industries Group, Inc. |
USA |
10.7% |
|
Armstrong Flooring, Inc. |
USA |
8.5% |
|
Mannington Mills, Inc. |
USA |
6.7% |
|
Tarkett S.A. |
France |
7.4% |
|
Kährs Group |
Sweden |
xx% |
|
Unilin Group (Quick-Step) |
Belgium |
xx% |
|
Barlinek S.A. |
Poland |
xx% |
|
Boral Limited |
Australia |
xx% |
|
LG Hausys, Ltd. |
South Korea |
xx% |
|
Greenlam Industries Ltd. |
India |
xx% |
|
Elivin (Samling Global Co., Ltd.) |
Malaysia |
xx% |
|
Kronospan Limited |
Austria |
xx% |
|
Pergo (Mohawk Industries Subsidiary) |
USA |
xx% |
|
Power Dekor Group |
China |
xx% |
Below are the areas covered for each company in the wood flooring market:
In the News
- In April 2024, BASF SE unveiled its bio-based polyurethane adhesive for engineered wood flooring. This introduction accounted for 15.2% of the Europe market share for sustainable adhesives in Q3’24.
- In February 2024, Sherwin-Williams announced the launch of a high-performance flooring visualizer tool for commercial applications. This innovation led to a rise in commercial sales by 10.3% in the second quarter of 2024 in the U.S. market.
Author Credits: Rajrani Baghel
- Report ID: 4515
- Published Date: Jun 04, 2025
- Report Format: PDF, PPT
