Wood And Laminate Flooring Market To Reach $80.78 Billion By 2030

Wood And Laminate Flooring Market Growth & Trends

The global wood and laminate flooring market size is expected to reach USD 80.78 billion by 2030, expanding at a CAGR of 5.5%, according to a new report by Grand View Research Inc. Factors such as the natural look and feel offered by solid wood flooring coupled with the growing need for aesthetic improvements in the construction interiors is likely to augment the growth.

Solid wood flooring is commercially available in various wood species, patterns, and designs, thus is gaining traction in high-end construction applications. Engineered wood flooring is composed of multiple wood layers and can provide look and feel similar to solid wood floors. Durability, high-gloss and colored and textured finishes of laminate floors are some of the properties expected to drive the growth.

Improved acoustics, combined with ease of refinishing over a period of time are the major contributing factors for the growing demand for solid wood floorings. The pricing structure varies according to the wood species used. However, high cost associated with solid wood flooring is anticipated to divert the consumer base toward laminated variant.

The market is characterized by several multinational and a large number of domestic players engaged in the production and distribution of wood flooring. Prominent market players focus on providing installation and maintenance services to the customers to sustain in the highly competitive industry.

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Wood And Laminate Flooring Market Report Highlights

• Wood flooring led the market with a revenue share of 60.2% in 2024. Consumers are increasingly drawn to wood flooring for its natural beauty and warmth, which enhance interior aesthetics

• The residential segment dominated the market and accounted for a share of 65.1% in 2024. Urbanization and population growth have spurred increased residential construction, with homeowners prioritizing aesthetically appealing and durable flooring options

• Asia Pacific wood and laminate flooring market dominated the global market with a revenue share of 43.2% in 2024, propelled by rapid urbanization and heightened construction activities

Wood And Laminate Flooring Market Segmentation

Grand View Research has segmented the global wood and laminate flooring market on the basis of product, application, and region:

Wood And Laminate Flooring Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• Wood

• Laminate

Wood And Laminate Flooring Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• Residential

• Non-Residential

Wood And Laminate Flooring Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Italy

  • Spain

  • Russia

  • Romania

  • CZ

  • Portugal

  • Ukraine

  • Slovakia

  • Hungary

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Australia

  • Indonesia

  • Philippines

  • Vietnam

• Latin America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • Israel

  • Egypt

  • Qatar

  • South Africa

  • Morocco

List Of Key Players in the Wood And Laminate Flooring Market

• AHF, LLC.

• MOHAWK INDUSTRIES, INC.

• Beaulieu International Group

• Kährs

• Boral

• DAIKEN Corporation

• Shaw Industries Group, Inc., a Berkshire Hathaway Company

• Tarkett

• Barlinek S.A.

• British Hardwoods