Wood 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.
