Industry Background:
Solid hardwood flooring is a 100% solid wood product with each board coming from just one piece of solid wood that is cut down to the desired size, usually between 18 and 25 centimetres. The cut style of the wood can vary from flat-sawn, that is the most recognized style with a triangular grain, to quarter-sawn where the material is separated up into quarters, then rift-sawn, that gives a finish where the grain is horizontal. Solid hardwood flooring is seen as a great way to give your home or office a warm, rustic & natural feel. Various types of hardwood trees comprise alder, hickory, balsa, beech, mahogany, maple, oak, teak, as well as walnut. Many hardwoods have a higher density than most softwoods. The growing construction industry around the globe is likely to boost the growth of the global solid hardwood flooring market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Armstrong Flooring Inc. (United States), Horner Flooring Co Inc. (United States), Gerflor USA, Inc. (United States), Lauzon Flooring (Canada), Natural Wood Floor Company Ltd. (United Kingdom), Aacer Flooring (United States), Nydree Flooring (United States), Mannington Mills Inc. (United States), Metropolitan (Canada) and AB Gustaf Kähr (Sweden) |
This growth is primarily driven by Growing Residential & Non-Residential Construction, Increasing Spending On Home Remodeling and Innovative Flooring Designs Available in the Market.
Globally, a noticeable market trend is evident
The Forest Products sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Armstrong Flooring Inc. (United States), Horner Flooring Co Inc. (United States), Gerflor USA, Inc. (United States), Lauzon Flooring (Canada), Natural Wood Floor Company Ltd. (United Kingdom), Aacer Flooring (United States), Nydree Flooring (United States), Mannington Mills Inc. (United States), Metropolitan (Canada) and AB Gustaf Kähr (Sweden), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2022, Bauwerk Group AG announced the acquisition of Somerset Hardwood Flooring, a vertically integrated forest products company based in Somerset, Kentucky, effective May 1st, 2022. With the acquisition, Bauwerk Group AG strengthens its global profile and gains a stronger foothold in the growing North American flooring markets.
In March 2019, a new survey conducted by the National Association of Homebuilders (NAHB), one of the largest trade associations in the United States has listed hardwood floors as one of the top 10 features desired by The United States homeowners. This data supports a same finding in the National Wood Flooring Association (NWFA)’s own consumer survey that revealed that 80 percent of homeowners would select hardwood floors for their dream homes. These are impelling factors for the growth of the global solid hardwood flooring market over the near future.
Market Growth Drivers:
Growing Residential & Non-Residential Construction, Increasing Spending On Home Remodeling and Innovative Flooring Designs Available in the Market
Challenges:
Growing demand for consumer friendly
Restraints:
Fluctuating Wood and Other Raw Materials Prices and Threat from Substitute Products
Opportunities:
Rise in Disposable Income Along With Lifestyle Upgradation in Emerging Economies and Growing Construction Industry in Asia-Pacific Region
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Solid Hardwood Flooring Market
- Analysis about New Entrants in Solid Hardwood Flooring Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Solid Hardwood Flooring Study Sheds Light on
The Solid Hardwood Flooring Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Solid Hardwood Flooring industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Solid Hardwood Flooring industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.