The global hardwood flooring market reached a value of more than US$ 40 Billion in 2018. Hardwood refers to a type of wood which is derived from dicot trees and manufactured using planks of a single piece of timber. In comparison with softwood, hardwood has a complex structure and higher density. Moreover, owing to its remarkable quality, hardwood is extensively used in the construction industry, particularly for flooring purposes. Hardwood floorings are available in a wide range of colours, styles, species, etc. and have the ability to enhance the aesthetics of commercial and residential buildings in which they are installed. Hardwood flooring are also easy to install, very easy to clean and do not accumulate the amount of dirt and dust compared to many other flooring types. Hardwood floors are also quite durable and can last for many years and can also be refinished rather than replaced when required.
Global Hardwood Market Drivers/Constraints:
Based on the end-use sector, the market has been segmented into commercial and residential sectors. The commercial sector currently dominates the global hardwood (Wood) flooring market.
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. Amongst these, North America is the biggest market, followed by Europe and the Asia Pacific.
Raw Material Insights:
Based on the raw material used, the market has been segmented into red oak, white oak, maple and others. Red oak currently represents the largest type accounting for majority of the market share.
The market is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
This report provides a deep insight into the global hardwood (Wood) flooring market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the hardwood flooring industry in any manner.
Key Questions Answered in This Report:
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