Market Size of India Wood Flooring Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR (2024 - 2029) | > 6.40 % |
| Market Concentration | Medium |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
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India Wood Flooring Market Analysis
The India Wood Flooring Market is expected to register a CAGR of greater than 6.40% during the forecast period(2024-2029).
The Indian wood flooring market is anticipated to register growth numbers during the forecast period owing to the rapidly expanding construction industry across India, which ultimately raises flooring opportunities. The government's efforts to encourage the tourism industry in the country are leading to a rise in the hospitality industry and the construction of hotels and premium stay-in facilities like villas and resorts. The entertainment sector is also growing in India with rapid population growth and ultimate urbanization, which is encouraging the expansion of shopping malls, family entertainment centers, etc.
India's wood flooring market, which is one of the leading variants of the flooring market, suffered several setbacks during 2020 due to the sudden COVID-19 pandemic. However, the residential construction sector, which was the key market for wood flooring, also suffered due to COVID-19, which in turn affected the wood flooring market with revenue losses.
The premium features offered by wood flooring, such as ease of installation, long-lasting shine and durability, and an ultimate aesthetic appearance, make wood flooring highly adaptable to the hospitality industry. Wood flooring also has other applications, such as wall coverings and other segments. They are widely used for exterior covering in the residential sector, along with floor covering applications in the backyard and on decks. Also, the growing number of engineered wood manufacturers are focusing on ways to increase their production capacities by adopting technology that helps in printing new designs and patterns and are also offering customization in various product ranges in terms of shape, size, and designs.
