Global Wood Flooring Market Expected to Reach $89.3 Billion by 2031

The global wood flooring market value is expected to reach $89.3 billion by the end of 2031, according to a report by Transparency Market Research.

The global wood flooring market was valued at $47.5 billion in 2021 and is projected to grow at a compound annual growth rate of 5.9% from 2022 to 2031, the report says.

Increases in renovation and remodeling activity, along with rising disposable incomes allowing consumers to invest in premium flooring options like wood, are helping drive the increased value of the market.

Consumers are increasingly opting for wood flooring sourced from sustainably managed forests, as there is a growing demand for sustainable and eco-friendly materials, the report says.

Purchase the full report from Transparency Market Research here for $5,795.

Page 1 of 860
Next Page
Resource Book
Looking for a specific product or a company? Wood Floor Business has the only comprehensive database of the industry.
Learn More
Resource Book
Podcasts
All Things Wood Floor, created by Wood Floor Business magazine, talks to interesting wood flooring pros to share knowledge, stories and tips on everything to do with wood flooring, from installation, sanding and finishing to business management.
Learn More
Podcasts