Wood Flooring Market Trends

Statistics for the 2023 & 2024 Wood Flooring market trends, created by Mordor Intelligence™ Industry Reports. Wood Flooring trend report includes a market forecast to 2029 and historical overview. Get a sample of this industry trends analysis as a free report PDF download.

Market Trends of Wood Flooring Industry

Engineered Wood is Surging the Demand for Wooden Flooring

Engineered wood demand is expected to remain high during the forecast period, as it is an apt alternative to concrete and hardwood. Engineered wood products are widely used by architects, builders, code officials, and building designers aware of energy-efficient farming practices that conserve energy, speed up construction, cut labor costs, and reduce waste. The segment is expected to move at a higher pace in North America and Europe, owing to increased disposable income and widespread awareness of the benefits of engineered wood among the populace. The engineered wooden floor segment contributed a large share of total revenue in the current year. One of the advantages of engineered wood products is that they can be designed per the demand and custom specifications of the end-user. Easy maintenance and uniqueness of colorful design are among other features pushing the segment's growth.

Wood Flooring Market, Market Share by Product, In %, In 2022

Increasing Online Sales is Driving the Market

Online platforms provide wood flooring manufacturers and retailers with an expanded customer base. By selling products online, companies can reach customers beyond their local markets and tap into national and international markets. This broader reach helps increase overall sales volume. Online sales offer convenience and accessibility to customers. Potential buyers can browse through a wide range of wood flooring options from the comfort of their homes at any time of day. They can compare products, read reviews, and make informed decisions without visiting physical stores. This convenience factor has attracted more customers to purchase wood flooring online.

Online platforms allow wood flooring sellers to provide detailed product information, including specifications, features, and installation guidelines. This availability of comprehensive information helps potential buyers understand the product better and make informed choices. Additionally, educational resources, such as blogs, videos, and tutorials, can be provided online to guide customers through the selection and installation process. This enhances customer confidence and encourages online purchases. Online sales often lead to increased price competitiveness. With fewer overhead costs associated with physical stores, online retailers can offer competitive prices for wood flooring products. Customers can compare prices easily across different online platforms, encouraging them to purchase online and driving the overall market growth.

Wood Flooring Market: Increasing Online Sales, In %, 2019-2022

Wood Flooring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)