Please Wait.....
Report
Hardwood Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-06-14 I 144 Pages I IMARC Group
Market Overview:
The global hardwood flooring market size reached US$ 47.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 61.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3.9% during 2023-2028.
Hardwood is a type of wood that comes from dicot flowering trees, including oak, teak, balsa, maple and walnut. As compared to softwood, hardwood has a more complex structure and higher density, owing to which it is widely utilized for flooring purposes across commercial and residential spaces. Hardwood flooring is produced in various styles, colors, cuts and species, thus offering versatile functions and designs to consumers. The unique appearance and texture of the wood provide an aesthetic appeal to the floor. Hardwood floors are highly durable in nature and last longer post-installation. Also, they are convenient to install and require little to no routine maintenance. They do not trap dust, mold pollen, particulates or other allergens in their fibers or grout lines, which helps in easy cleaning and enhancement of overall air quality.
The thriving construction industry is primarily driving the growth of the market. With rapid population expansion, housing facilities are experiencing significant demand. This is consequently propelling the number of construction projects of residential spaces across the globe. In line with this, governments of various countries, along with private stakeholders, are investing heavily in the development of advanced infrastructural facilities, which is also providing a boost to the market growth. Furthermore, there is an increase in the inclination toward aesthetically appealing and sophisticated interiors, especially among the urban population, which is contributing to the bourgeoning sales of these floorings. Moreover, manufacturers are launching innovative flooring designs with vibrant as well as soothing color combinations to cater to the diversified preferences of consumers. The emerging trend of renovation and remodeling of the existing residential and commercial spaces, along with inflating disposable incomes and improving standards of living, are some of the other factors that are driving the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global hardwood flooring market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on end-use sector and raw material.
Breakup by End-Use Sector:
Residential Sector
Commercial Sector
At present, the commercial sector exhibits a clear dominance in the market.
Breakup by Raw Material:
Red Oak
White Oak
Maple
Others
Amongst these, red oak accounts for the majority of the total market share.
Regional Insights:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
On the geographical front, North America holds the leading position in the market, accounting for the largest market share.
Competitive Landscape:
The report has also analyzed the competitive landscape of the market. Some of the top hardwood flooring companies operating in the market include AHF, LLC, UNILIN, Beaulieu International Group, Classen, FRITZ EGGER GmBH & Co. OG and Formica Group.
Key Questions Answered in This Report:
How has the global hardwood flooring market performed so far, and how will it perform in the coming years?
What are the key regions in the market?
What has been the impact of COVID-19 on the global hardwood flooring market?
What is the market breakup based on the end-use sector?
What is the market breakup based on the raw material?
What are the various stages in the value chain of the market?
What are the key drivers and challenges in the market?
What is the level of competition in the market?
Who are the key players in the market?
What are the margins in hardwood flooring?
What are the raw material requirements for hardwood flooring?
What are the various unit operations involved in a hardwood flooring manufacturing plant?
What is the total size of land required for setting up a hardwood flooring manufacturing plant?
What are the machinery requirements for setting up a hardwood flooring manufacturing plant?
What are the packaging requirements for hardwood flooring?
What are the transportation requirements for hardwood flooring?
What are the utility requirements for setting up a hardwood flooring manufacturing plant?
What are the manpower requirements for setting up a hardwood flooring manufacturing plant?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Flooring Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Region
5.5 Market Breakup by End-Use Sector
5.6 Market Forecast
6 Global Hardwood Flooring Market
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Market Breakup by Region
6.5 Market Breakup by End-Use Sector
6.6 Market Breakup by Raw Material
6.7 Market Forecast
6.8 SWOT Analysis
6.8.1 Overview
6.8.2 Strengths
6.8.3 Weaknesses
6.8.4 Opportunities
6.8.5 Threats
6.9 Value Chain Analysis
6.9.1 Overview
6.9.2 Raw Material Procurement
6.9.3 Manufacturing
6.9.4 Marketing
6.9.5 Distribution
6.9.6 End-Use
6.10 Porter's Five Forces Analysis
6.10.1 Overview
6.10.2 Bargaining Power of Buyers
6.10.3 Bargaining Power of Suppliers
6.10.4 Degree of Competition
6.10.5 Threat of New Entrants
6.10.6 Threat of Substitutes
6.11 Price Analysis
6.11.1 Key Price Indicators
6.11.2 Price Structure
6.11.3 Margin Analysis
6.12 Key Success and Risk Factors
7 Market Breakup by Region
7.1 North America
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Europe
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Asia Pacific
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Latin America
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Middle East and Africa
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End-Use Sector
8.1 Residential Sector
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial Sector
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Raw Material
9.1 Red Oak
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 White Oak
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Maple
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
11 Hardwood Flooring Manufacturing Process
11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operations Involved
11.4 Mass Balance and Raw Material Requirements
11.5 Land and Construction Requirements
11.6 Machinery Requirements
11.7 Machinery Pictures
11.8 Raw Material and Final Product Pictures
11.9 Packaging Requirements
11.10 Transportation Requirements
11.11 Utilities Requirements
11.12 Manpower Requirements
12 Profiles of Key Players
12.1 AHF, LLC
12.2 UNILIN
12.3 Beaulieu International Group
12.4 Classen
12.5 FRITZ EGGER GmBH & Co. OG
12.6 Formica Group
Figure 1: Global: Hardwood Flooring Market: Major Drivers and Challenges
Figure 2: Global: Flooring Market: Sales Volume (in Billion Sq. Meters), 2017-2022
Figure 3: Global: Flooring Market: Sales Value (in Billion US$), 2017-2022
Figure 4: Global: Flooring Market: Breakup by Type (in %), 2022
Figure 5: Global: Flooring Market: Breakup by Region (in %), 2022
Figure 6: Global: Flooring Market: Breakup by End-Use Sector (in %), 2022
Figure 7: Global: Flooring Market Forecast: Sales Volume (in Billion Sq. Meters), 2023-2028
Figure 8: Global: Flooring Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Hardwood Flooring Market: Sales Volume (in Million Sq. Meters), 2017-2022
Figure 10: Global: Hardwood Flooring Market: Sales Value (in Billion US$), 2017-2022
Figure 11: Global: Hardwood Flooring Market: Breakup by Region (in %), 2022
Figure 12: Global: Hardwood Flooring Market: Breakup by End-Use Sector (in %), 2022
Figure 13: Global: Hardwood Flooring Market: Breakup by Raw Material (in %), 2022
Figure 14: Global: Hardwood Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
Figure 15: Global: Hardwood Flooring Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 16: Hardwood Flooring: Production Cost Breakup (in %)
Figure 17: Hardwood Flooring: Price Structure
Figure 18: Global: Hardwood Flooring Industry: SWOT Analysis
Figure 19: Global: Hardwood Flooring Industry: Value Chain Analysis
Figure 20: Global: Hardwood Flooring Industry: Porter's Five Forces Analysis
Figure 21: North America: Hardwood Flooring Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
Figure 22: North America: Hardwood Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
Figure 23: Europe: Hardwood Flooring Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
Figure 24: Europe: Hardwood Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
Figure 25: Asia Pacific: Hardwood Flooring Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
Figure 26: Asia Pacific: Hardwood Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
Figure 27: Latin America: Hardwood Flooring Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
Figure 28: Latin America: Hardwood Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
Figure 29: Middle East and Africa: Hardwood Flooring Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
Figure 30: Middle East and Africa: Hardwood Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
Figure 31: Global: Hardwood Flooring (Residential Sector) Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
Figure 32: Global: Hardwood Flooring (Residential Sector) Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
Figure 33: Global: Hardwood Flooring (Commercial Sector) Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
Figure 34: Global: Hardwood Flooring (Commercial Sector) Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
Figure 35: Global: Hardwood Flooring (Red Oak) Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
Figure 36: Global: Hardwood Flooring (Red Oak) Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
Figure 37: Global: Hardwood Flooring (White Oak) Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
Figure 38: Global: Hardwood Flooring (White Oak) Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
Figure 39: Global: Hardwood Flooring (Maple) Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
Figure 40: Global: Hardwood Flooring (Maple) Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
Figure 41: Global: Hardwood Flooring (Other Raw Materials) Market: Sales Volume (in Million Sq. Meters), 2017 & 2022
Figure 42: Global: Hardwood Flooring (Other Raw Materials) Market Forecast: Sales Volume (in Million Sq. Meters), 2023-2028
Figure 43: Hardwood Flooring Manufacturing: Detailed Process Flow
Figure 44: Hardwood Flooring Manufacturing: Conversion Rates of Feedstocks
Table 1: Global: Flooring Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Hardwood Flooring Market: Key Industry Highlights, 2022 and 2028
Table 3: Global: Hardwood Flooring Market Forecast: Breakup by Region (in Million Sq. Meters), 2023-2028
Table 4: Global: Hardwood Flooring Market Forecast: Breakup by End-Use Sector (in Million Sq. Meters), 2023-2028
Table 5: Global: Hardwood Flooring Market Forecast: Breakup by Raw Material (in Million Sq. Meters), 2023-2028
Table 6: Global: Hardwood Flooring Market: Competitive Structure
Table 7: Global: Hardwood Flooring Market: Key Players
Table 8: Hardwood Flooring Manufacturing Plant: Land Requirements
Table 9: Hardwood Flooring Manufacturing Plant: Construction Requirements
Table 10: Hardwood Flooring Manufacturing Plant: Machinery Requirements
Table 11: Hardwood Flooring Manufacturing Plant: Manpower Requirements
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security