The global hardwood flooring market reached a value of US$ 45.4 Billion in 2021. Hardwood flooring is a type of flooring manufactured using solid wood of any hardwood species or grade, such as oak, teak, walnut, and mahogany. It preserves the unique texture and appearance of natural wood and has a more complex structure, higher density, excellent durability, and longer lifespan than softwood. It is easy to install and clean as it requires little to no maintenance post-installation and does not trap dirt, dust, allergens, or pollens. As a result, hardwood flooring is widely used across residential and commercial spaces.
As per the analysis by IMARC Group, the top companies in the hardwood flooring industry are offering hardwood flooring variants in multiple styles, colors, cuts, and surface textures to provide versatile functions and design options to consumers. They are currently focusing on enhancing their product quality to attract more customers and increase sales. Additionally, the leading manufacturers are introducing new, unique flooring designs with vibrant color combinations to cater to the diversified preferences of consumers and meet the escalating demand for sophisticated interiors. They are also adopting advanced technologies to develop high-performance flooring products and launching innovative engineered hardwood flooring solutions that can be customized according to the consumer’s preferences. Apart from this, several key players are entering into strategic collaborations and agreements to expand their product reach and gain a competitive edge. Looking forward, the market value is expected to reach US$ 59.1 Billion by 2027, growing at a CAGR of 4.40% from 2022 to 2027.
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Best Manufacturing Companies in Hardwood Flooring Industry:
Headquarters: Pennsylvania, United States
AHF LLC is a leading wood flooring company that was established after the American Industrial Partners (AIP) acquisition of the Armstrong Flooring wood division on December 31, 2018. The company offers an extensive portfolio of leading wood flooring brands such as Bruce, LM Flooring, Armstrong Flooring, Homewood, and Capella, serving both residential and commercial markets. It also aims at improving the quality of people’s lives through excellent products and offers a deep commitment to outstanding customer service.
UNILIN Group produces laminates, engineered parquets, and luxury vinyl flooring under the Pergo and Quick-Step brands. It also manufactures wood-based panels (MDF and particle board), decorative panels, roof systems, and insulation boards. The company aims to create user-friendly and aesthetically appealing products for homes. Since 2005, UNILIN Group has been a part of the US-listed company Mohawk Industries, Inc. Mohawk is one of the world’s largest flooring companies with manufacturing facilities in Europe, Russia, Asia, and North and South America.
Beaulieu International Group
Headquarters: Waregem, Belgium
Beaulieu International Group (BIG) presently holds a vital market position in producing raw materials and intermediate goods and the supply of finished floorcoverings. The company offers an extensive product portfolio, excellent value for money, and dedicated professional service. It comprises three business units, including ‘Flooring Solutions,’ a global leader in wall-to-wall floorcoverings; ‘Polymers’ which produces polypropylene granules for different purposes; and ‘Engineered Products,’ which houses activities concerning fibers, yarns, technical textiles, and technical sheets.
Headquarters: Rhineland-Palatinate, Germany
The CLASSEN Group is a global producer, supplier, and service provider for natural wood products and natural material-based products for interior finishes. The company develops and produces high-quality floorings exclusively in Germany and is one of the leading providers of laminate floorings worldwide. It abides by values that include sustainability, careful use of resources, and protection of the environment. Moreover, it satiates the growing requirements of trading partners, and consumers are a real innovation driver for the CLASSEN Group.
FRITZ EGGER GmbH & Co. OG
Headquarters: St. Johann in Tirol, Austria
The FRITZ EGGER GmbH & Co. OG is one of the leading international wood-based materials manufacturers. It employs materials that are in line with the latest trends and offers unique decor products for enhancing the appearance of interiors. For fabricators, the company stocks raw boards, thin chipboard, MDF boards, HDF boards, lacquered boards, lightweight boards, melamine-faced boards, laminates, furniture components, worktops, front elements, window sills, laminate bonded boards, and compact laminates. They also offer classic planks or innovative decors and textures with high-quality flooring to create a pleasant indoor climate.
Headquarters: Ohio, United States
Formica Group is a leading provider of branded, designed surfacing solutions for commercial and residential customers worldwide. As the world’s largest manufacturer of High-Pressure Laminate (HPL), the international network of design, manufacturing, distribution, and sales operations aids in maintaining the recognition of Formica as a global brand. In May 2007, Fletcher Building Limited acquired The Formica Group of companies. In 2019, the company became part of the €1bn+ global materials division of Broadview Holding B.V.
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