China Wood Flooring Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

China Wood Flooring Market is Segmented by Product, by End User, and by Distribution Channel.

Market Snapshot

China Wood Flooring Market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >7.2 %

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Market Overview

The market for wood flooring in China is primarily driven by customers who are looking for better flooring solutions to match their elegant lifestyle. The stabilized economic growth in the country, rising construction across rural and urban localities along with rapid urbanization is helping the real estate sector to grow. The wood flooring is the growing segment of the floor covering industry in China and accounted for around 39% of the floor covering industry during 2018. The whole floor covering market registered a revenue of RMB 71.6 billion during the year. The wood flooring companies in China marketed more than 400 million square meters of the wooden floor coverings of all variants during 2018. The growing residential sector is also contributing to this rising share of wood flooring segment of the floor covering market. China's wood flooring market is sophisticated with thousands of manufacturers. The key players of the market are focussing on initiatives to encourage manufacturing wood flooring products in an environmentally friendly manner without affecting the natural ecosystem of the country. They are also investing in improving technology to produce more durable flooring solutions at affordable prices in order to increase their market share.

Scope of the Report

The report provides a detailed study, with the underlying factors for the variations in China wood flooring market growth trends. The report also provides a competitive landscape covering company market shares, with detailed profiling for major revenue-contributing companies.

By Product
Solid Wood
Engineered Wood
By Distribution Channel
Contractors
Specialty Stores
Home Centers
Others
By End-User
Residential Replacement
Commercial

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Key Market Trends

The Residential Segment Occupied a Major Share of the Market

With the changing consumer dynamics, the residential segment of China wood flooring has been occupying a major share of the market. According to the statistics, the average penetration rate of wood flooring in the residential segment in large cities of China is more than 25%, and that in medium-sized cities is about 12%. The number of customers who opt for wood flooring is increasing owing to the advantages such as its thermal capabilities and adaptability according to temperature, easy to install, clean and maintain for a longer time, and the aesthetic richness that the wood flooring offers. The aesthetic feature has expanded its market share to the exterior application as well.

chinese floor

Engineering Wood is Fastest Growing Segment of the Market

China wood flooring market has been dominated by the solid wood floor segment occupying a major share of the revenue generated. Also, during the study period, the demand for engineered wood has started gaining more significance than before. Improving customer's interest in high living standards and the aesthetic appearance and availability of engineered wood in different shapes, sizes, and designs are the major factors that are contributing to the shift in preferences to engineered wood. Also, engineered wood comes with the easy installation procedure, and is more resistant to heat and strains. These factors are also helping the segment to capture more interest from the customers.

china wood

Competitive Landscape

China wood flooring market is moderately consolidated and has more than 2,900 manufactures that are producing wooden floor coverings. The majority of these manufacturers are diversified their business into the manufacturing of other floors covering variants as well. The market is forecasted to register a markable growth rate with the rapid improvements happening in the printing technology stream that is allowing the manufacturers to combine various new designs with customizable textures.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Market Opportunities

    5. 4.5 Value Chain / Supply Chain Analysis

    6. 4.6 Porters Five Force Analysis

    7. 4.7 Insights into Latest Technologies Used in the Industry

    8. 4.8 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Solid Wood

      2. 5.1.2 Engineered Wood

    2. 5.2 By Distribution Channel

      1. 5.2.1 Contractors

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Home Centers

      4. 5.2.4 Others

    3. 5.3 By End-User

      1. 5.3.1 Residential Replacement

      2. 5.3.2 Commercial

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Nature Home (China) Co, Ltd.

      2. 6.2.2 DeHua TB New Decoration Material Co, Ltd

      3. 6.2.3 Yihua Life Technology Co., Ltd.

      4. 6.2.4 Zhejiang Jiusheng Flooring Co., Ltd.

      5. 6.2.5 Huzhou Fudeli Timber Industry Co, Ltd.

      6. 6.2.6 Guangdong Weihua Corporation

      7. 6.2.7 A&W (Shanghai) Woods Co, Ltd.

      8. 6.2.8 Sichuan Shengda Forestry Industry Co, Ltd.

      9. 6.2.9 Dare Power Dekor Home Co., Ltd

      10. 6.2.10 Green Floor*

    3. *List Not Exhaustive
  7. 7. FUTURE OF THE MARKET

  8. 8. APPENDIX

  9. 9. DISCLAIMER

**Subject to Availability

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Frequently Asked Questions

The China Wood Flooring Market market is studied from 2016 - 2026.

The China Wood Flooring Market is growing at a CAGR of >7.2% over the next 5 years.

Nature Home (China) Co, Ltd., DeHua TB New Decoration Material Co, Ltd, Huzhou Fudeli Timber Industry Co, Ltd., Yihua Technology Co., Ltd. are the major companies operating in China Wood Flooring Market.

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