North America Wood Flooring Market Size Worth $8.95 Billion By 2030

North America Wood Flooring Market Growth & Trends

The North America wood flooring market size is expected to reach USD 8.95 billion by 2030, expanding at a CAGR of 2.4% during the forecast period, according to a new report by Grand View Research, Inc. This growth can be attributed to Increasing demand for aesthetically, superior and durable floor covering solutions, and consumer trends in floor design.

The expansion of offices & workspaces, improving consumer lifestyle, and rapid urbanization are factors that have also contributed to the market growth in the region. Additionally, the significant & continual growth of high-end residential housing structures and the subsequent and growing preference for single-family housing structures are driving the demand for wood flooring in North America.

Factors such as the growing consumer demand for innovative buildings with modern technologies improved aesthetic appeal, and better energy efficiency are expected to drive the demand for flooring products for their use in residential construction during the forecast period. Furthermore, there is growth in the construction of green buildings in the U.S. and Canada owing to the rising awareness related to the energy efficiency of buildings and improved indoor air quality. This is projected to drive sustainable building construction activities in North America, which, in turn, is projected to have a positive impact on the demand for wood flooring products owing to their low VOC emission properties.

The residential application segment is expected to attract major demand for wood flooring in North America. The growth of residential construction is attributed to the growing population, rapid urbanization, and increasing rate of migration in various countries of North America such as the U.S. and Canada. Furthermore, rising spending on renovation, repair, and interior, is further expected to propel the demand for wood flooring in residential applications in North America.

Companies including Mohawk, Armstrong, Shaw Floors, Mannington Mills, and Pergo are some of the key manufacturers of flooring solutions in the North American market. The manufacturing process starts with tree selection. The wooden logs obtained from the trees are closely inspected for their knots and grain pattern to obtain an aesthetically superior end product. Generally, the logs with fewer knots and tight grain patterns are selected for the production process.

 Request a free sample copy or view report summary: North America Wood Flooring Market Report

North America Wood Flooring Market Report Highlights

• The maple wood type segment is expected to grow at a CAGR of 2.8%, based on volume, over the forecast period. Maple wood is widely used in flooring applications across North America owing to its minimal color variation and minimal grain pattern. Maple wood is highly scratch and dent resistant. As a result, it is highly suitable as a flooring material in high-footfall traffic areas such as theatres, gymnasiums, concert halls, indoor sporting arenas, and basketball courts

• The residential application segment is anticipated to grow at the highest CAGR of 2.6% during the forecast period. Growing employment rates, rising income levels, and easy availability of finance are some of the factors boosting the demand for residential structures, which in turn, is propelling the growth. Additionally, engineered wood flooring is increasingly replacing the traditional solid wood flooring in the residential sector owing to its cost-effective, ease of installation, and superior moisture resistance properties

• In North America, Canada wood flooring market accounted for a volume of 24.9 million square meters in 2022. An increasing number of service providers in Canada is expected to propel the demand for office spaces, thereby, fueling commercial construction sector growth. The rise in commercial construction activities in key provinces of the country is expected to further boost the consumption of flooring products over the forecast period. Additionally, the restoration of its domestic manufacturing sector is further anticipated to be the key factor driving the growth of the construction industry in the country

• The North America wood flooring industry is dynamic and competitive in nature. Investments and regional expansion are the key strategies adopted by various players to strengthen their presence in the market. However, fluctuations in raw material prices are expected to emerge as a key concern for the market players operating in North America

North America Wood Flooring Market Segmentation

Grand View Research has segmented the North America wood flooring market based on product, wood type, application, end-use, and country:

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

• Solid Wood

• Engineered Wood

North America Wood Flooring Wood Type Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• Red Oak

• White Oak

• Maple

• Others

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

• Residential

• Commercial

North America Wood Flooring End-use Outlook (Volume, Million Square Meters; Revenue, USD Million, 2018 - 2030)

• Replacement

• New Construction

North America Wood Flooring Market Country Outlook (Volume, Million Square Meters; Revenue, USD Million; 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

List of Key Players in the North America Wood Flooring Market

• Mohawk Industries, Inc.

• Shaw Industries Group, Inc.

• Mannington Mills, Inc.

• Pergo

• Flooring Innovations

• EGGER Group

• Goodfellow, Inc.

• Bruce Evans Flooring, LLC

• Somerset Hardwood Flooring, Inc.

• Home Legend, LLC

• DuChateau

• Provenza Floors, Inc.

• Launstein Hardwood Floors

• QEP Co., Inc.