Flooring Wood Panels Market By Type (Solid Wood Panels, Engineered Wood Panels, Laminated Wood Panels, Reclaimed Wood Panels); By Wood Type (Hardwood (Oak, Maple, Cherry, etc.), Softwood (Pine, Fir, Spruce, etc.)); By Thickness (Below 8 mm, 8-12 mm, Above 12 mm); By Installation Method (Glue-Down, Nail-Down, Floating); By Geography, Segment revenue estimation, Forecast, 2024–2032.

The flooring wood panels market was worth USD 72.3 billion in 2023 and will be worth USD 100.48 billion by 2030, growing at a CAGR of 4.2% during the forecast period.

 

The Flooring Wood Panels market is rising due to a growing consumer focus on using natural and attractive woods primarily for home and building construction. The global construction sector is set to expand at a growth rate of 4% annually, meaning there will be a continually improving market for wood panels focusing on floorings. Due to their strength, sustainability, and quick installation, wooden paneling is used in the new construction and refurbishment of buildings. Some of the newer types include engineered wood panels, which are produced to have improved mechanical properties, resistance to wetting, and dimensional stability better than solid wood. These developments allow wood panels to be effective flooring in active facilities such as offices, hotels, and homes. Global USE of wood panels in construction also receives a boost from increasing consciousness of sustainable and green building certifications, including LEED.

 

The Flooring Wood Panels market holds great potential as the world gravitates towards environmentally friendly building materials. The global sustainability and green building materials market will exceed $400 billion by 2025. This trend is opening up opportunities to create improved and differentiated wood panel products, like engineered wood panels that are higher in terms of durability, resistance to moisture, and sustainability. Recent developments include innovations and the common scoring of floor products with reclaimed and recycled wood for green consumers and builders. For instance, refurbished wooden panels have FTC building materials because they incorporate stylish features in high-end residential and commerce projects while conserving the environment. The increasing need for sustainable construction and ever-growing customer interest in green-certified building materials pose a significant market growth potential in the flooring wood panels market.

 

 

Flooring Wood Panels Market Segmentation

By Type:

• Solid Wood Panels

• Engineered Wood Panels

• Laminated Wood Panels

• Reclaimed Wood Panels

 

By Wood Type:

• Hardwood (Oak, Maple, Cherry, etc.)

• Softwood (Pine, Fir, Spruce, etc.)

 

By Thickness:

• Below 8 mm

• 8-12 mm

• Above 12 mm

 

By Installation Method:

• Glue-Down

• Nail-Down

• Floating

 

By Region

North America

• US

• Mexico

• Canada

• Rest of North America

 

Europe

• Switzerland

• Russia

• France

• Germany

• U.K

• Finland

• Turkey

• Netherlands

• Belgium

• Spain

• Italy

• Rest of Europe

 

Asia Pacific

• India

• China

• South Korea

• Japan

• Singapore

• Thailand

• Indonesia

• Malaysia

• Philippines

• Australia

• Rest of Asia-Pacific

 

LAMEA

• Brazil

• Argentina

• Uruguay

• Saudi Arabia

• Rest of LAMEA

 

Europe controls the Flooring Wood Panels market because of the intensive efforts toward the natural and eco-friendly construction process and materials. The European value of the wood flooring market is over $9 billion per annum, and countries such as Germany, France, and Sweden dominate the market for wood panels due to their strict environmental laws and eco-friendly certifications, BREEAM & LEED. Other observed developments include ascending usage of the engineered wood panel, which has better attributes on durability and environment. In many countries, such as Germany, which has embraced sustainable construction practices, engineered wooden flooring has increased acceptance in residential and commercial constructions. Concerns about cutting back on carbon emissions and encouraging sustainable forest practices keep Europe dominant in the Flooring Wood Panels market.

 

Flooring Wood Panels Market Key Players

• Armstrong Flooring

• Mohawk Industries

• Shaw Floors

• Tarkett

• Kronospan

• Beaulieu International Group

• Mannington Mills

• Boral Timber (Now part of Biesse Group)

• Bruce Flooring

• Kährs Group

 

Flooring Wood Panels Market Report Coverage

Report Attribute	Details
Forecast Period	2023 – 2030
Market Size Value in 2023	USD 72.3 billion
Revenue Forecast in 2030	USD 100.48 billion
Overall Growth Rate	CAGR of 4.2%
Base Year for Estimation	2022
Historical Data	2017 – 2021
Unit	USD Billion, CAGR (2023 - 2030)
Segmentation	By Type, By Wood Type, By Thickness, By Installation Method, By Region
By Type	Solid Wood Panels, Engineered Wood Panels, Laminated Wood Panels, Reclaimed Wood Panels
By Wood Type	Hardwood (Oak, Maple, Cherry, etc.), Softwood (Pine, Fir, Spruce, etc.)
By Thickness	Below 8 mm, 8-12 mm, Above 12 mm
By Installation Method	Glue-Down, Nail-Down, Floating
By Region	North America, Europe, Asia Pacific, LAMEA
Country Scope	US, Mexico, Canada, Germany, UK, France, China, Japan, India, etc.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs.