Hardwood Flooring Market Report 2025

This Hardwood Flooring market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The hardwood flooring market size has grown strongly in recent years. It will grow from $53.35 billion in 2024 to $56.32 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to increased demand for aesthetic appeal, increased residential construction, durability and longevity, real estate market, architectural trends.

The hardwood flooring market size is expected to see strong growth in the next few years. It will grow to $74.5 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to sustainable sourcing and certification, increasing aging population, customization and personalization, luxury and premium segments, rising emerging markets. Major trends in the forecast period include engineered hardwood flooring, exotic and unique wood species, digital visualization tools, matte and low-gloss finishes, herringbone and chevron patterns.

The surging demand for aesthetically pleasing and refined interiors in residential and commercial buildings is a significant driver of growth in the hardwood flooring market. Both residential and commercial customers are increasingly prioritizing the enhancement of indoor environments, focusing on factors such as air quality, thermal comfort, quality of internal lighting, and the use of eco-friendly and chemical-free materials. According to a study by Pinterest, 60% of users leverage social visual networks to inform decisions on home décor purchases. This shift in consumer preferences is poised to elevate the adoption of hardwood flooring in interior design across various sectors worldwide.

The growth of the hardwood flooring market is expected to be fueled by the rising construction activities. These activities encompass the processes involved in creating buildings, infrastructure, industrial facilities, and related operations throughout their lifecycles. Hardwood flooring is favored in construction due to its appealing aesthetic, durability, low maintenance needs, health benefits, long-term value, versatility, eco-friendliness, and design adaptability. For example, in March 2023, reports from Oxford Economics, a UK-based economic information services firm, indicated that the global construction output reached $9.7 trillion in 2022 and is projected to rise to $13.9 trillion. Thus, the increasing construction activities are driving the expansion of the hardwood flooring market.

The infusion of technological advancements stands out as a noteworthy trend gaining traction in the hardwood flooring market. Manufacturers in this sector are introducing innovative products to provide high-performance hardwood flooring solutions that are resistant to various external factors. For instance, in February 2022, Mannington Mills, Inc., a US-based flooring solutions manufacturer, unveiled TimberPlus. This hardwood flooring solution not only offers easy installation but also boasts low operational costs and reduced maintenance expenses, aligning with the industry's commitment to technological progress.

Prominent companies in the hardwood flooring market are strategically concentrating on product launches, such as the introduction of coffee bean hardwood floors, to gain a competitive edge in the industry. Coffee bean hardwood floors are characterized by dark-stained or naturally dark wood flooring that closely resembles the rich color of coffee beans. In a notable example, Span Floors Pvt. Ltd., an India-based provider of wood and laminate flooring, unveiled coffee bean hardwood floors in September 2022. This unique offering includes a hardwood mosaic tile flooring, providing a range of decorative possibilities and featuring a straightforward installation process. The mosaic hardwood floor allows for the creation of diverse ornamental compositions, spanning from intricate palatial decorations to sleek solutions in styles like country, loft, or high-tech. The Coffee Bean collection offers two protective finishes such as the silk finish and the silk-matt finish.

In a strategic move in February 2022, Paceline Equity Partners, a Dallas-based private equity manager, successfully acquired AHF Products for an undisclosed amount. This acquisition reflects Paceline Equity Partners' commitment to accelerating its market penetration in terms of new products, brands, and innovative technologies. AHF Products, a US-based company, boasts a family of robust brands catering to both residential and commercial markets, specializing in providing hardwood flooring solutions. This acquisition positions Paceline Equity Partners for enhanced competitiveness and growth within the dynamic hardwood flooring industry.

Major companies operating in the hardwood flooring market include AHF Products, Armstrong Flooring Inc., Beaulieu International Group, BerryAlloc NV, Bruce Evans Flooring LLC, Classen Group, Egger Group, Formica Corporation, Harris Wood Ltd., Anderson Group of Companies Ltd., Boral Ltd., Brumark Enterprises Inc., Duchateau LLC, Eco Timber Ltd., Flooring Innovations Inc., Gerflor SAS, Goodfellow Inc., Hartco Inc., Mohawk Industries Inc., Mannington Mills Inc., Home Legend LLC, Somerset Hardwood Flooring Inc., Provenza Floors Inc., Shaw Industries Group Inc., Pergo LLC, Mullican Flooring, Mirage Floors, Lauzon Distinctive Hardwood Flooring Inc., Wickham Hardwood Flooring, Mercier Wood Flooring, IndusParquet Indústria de Pisos Ltda.

North America was the largest region in the hardwood flooring market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hardwood flooring market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the hardwood flooring market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Hardwood flooring encompasses any timber-based product, designed for both functional and aesthetic purposes, constructed using hardwood to provide robustness and shear strength to the surface. This type of flooring is known for its high attractiveness, cost-effectiveness, and ability to deliver a premium finish compared to alternative flooring materials.

The two primary types of hardwood flooring are solid wood and engineered wood. Solid wood, made from hardwood such as maple, oak, or walnut, stands out as the preferred flooring option. It comes in various design outlooks including plank, strip, parquet, and others, catering to diverse design preferences in hardwood flooring. Raw materials for this flooring type typically include red oak, white oak, maple, and other hardwood varieties. Hardwood flooring is distributed through both offline brick-and-mortar stores and online retail platforms, providing consumers with various avenues for purchase.

The hardwood flooring market research report is one of a series of new reports that provides hardwood flooring market statistics, including hardwood flooring industry global market size, regional shares, competitors with a hardwood flooring market share, detailed hardwood flooring market segments, market trends and opportunities, and any further data you may need to thrive in the hardwood flooring industry. This hardwood flooring market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The hardwood flooring market consists of sales of laminate, solid hardwood, bamboo, and composite flooring. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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