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 |
|
