Engineered Wood Flooring Market was valued at USD 16.5 Billion in 2022 and is projected to reach USD 30 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The engineered wood flooring market was valued at approximately USD 25 billion in 2022, with a compound annual growth rate (CAGR) of around 7% projected for the period from 2023 to 2028. This growth is attributed to increasing consumer preference for durable and aesthetically pleasing flooring solutions, combined with advancements in manufacturing technologies. The market is expected to reach an estimated USD 35 billion by 2028. Major regions contributing to this expansion include North America and Asia-Pacific, where urbanization and rising disposable incomes are driving demand for high-quality flooring options.
Emerging markets present significant opportunities for growth, especially in developing countries where infrastructure development and residential construction are on the rise. In particular, countries in Southeast Asia and Latin America are experiencing rapid urbanization, leading to heightened demand for engineered wood flooring solutions. Additionally, the growing trend towards eco-friendly and sustainable building materials is expected to further boost market potential. Companies entering these emerging markets can capitalize on the increasing adoption of engineered wood flooring in both residential and commercial segments.
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Armstrong
Bruce Flooring
Balterio Laminate Flooring
Beaulieu International Group
Berryalloc
Classen Group
Egger Group
Formica Group
Faus
Kronoflooring
Kaindl Flooring
Mohawk Industries
Shaw Industries
Greenply Industries
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Engineered Wood Flooring Market
Household
Commercial
Others
Based on Types the Market is categorized into Below types that held the largest Engineered Wood Flooring market share In 2023.
Type I
Type II
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Engineered Wood Flooring Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Engineered Wood Flooring Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Engineered Wood Flooring Market, By Type
6. Global Engineered Wood Flooring Market, By Application
7. Global Engineered Wood Flooring Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Engineered Wood Flooring Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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