Market Size of China Wood Flooring Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Wood Flooring Market Analysis
The COVID-19 pandemic had a significant effect on the construction and renovation sector, which is sensitive to Economic cycles. This had a direct negetive effect on the demand for Wooden Floorings. The supply chain break of wooden flooring materials is due to the disruption of Global Value Chain during the pandemic. But the Wooden Flooring Market has recovered at a decent rate post COVID-19.
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 USD 11.24 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.
