Evolve Business Intelligence has published a research report on the Global US Wood Flooring Market, 2023–2033. The global US Wood Flooring Market is projected to exhibit a CAGR of around 2.47% during the forecast period of 2023 to 2033.
Evolve Business Intelligence has recognized the following companies as the key players in the global US Wood Flooring Market: Armstrong, Pergo, Berkshire Hathaway, Shaw Industries Group Inc., Brumark Corporation, E.P. Co. Inc., Mannington Mills, Mohawk Industries, Wickes Ltd and Home Legend LLC.
Market Highlights
The Global US Wood Flooring Market is projected to be valued at USD 11.54 Billion by 2033, recording a CAGR of around 2.47% during the forecast period. The US Wood Flooring Market refers to the industry sector that focuses on the production, distribution, and sale of wood flooring products within the United States. This market includes a wide range of wood flooring types such as solid wood, engineered wood, and laminate flooring.
The US Wood Flooring Market is competitive, with numerous players ranging from large multinational companies to small local manufacturers. It is influenced by factors such as economic conditions, housing market trends, and consumer preferences.
The COVID-19 pandemic had a significant impact on the US Wood Flooring Market. Lockdowns and restrictions in key wood-producing regions led to shortages in raw materials. Transportation delays and increased shipping costs disrupted the supply chain, affecting the timely delivery of products. Temporary shutdowns of manufacturing facilities due to health and safety regulations resulted in decreased production capacity. Early in the pandemic, the uncertainty and economic slowdown led to a decline in new construction and renovation projects, reducing demand for wood flooring. As people spent more time at home and focused on home improvement projects, there was a resurgence in demand for wood flooring, especially in the residential sector. With physical stores closed or operating at reduced capacity, consumers and businesses turned to online platforms for purchasing wood flooring products. Increased awareness of hygiene led to a preference for easy-to-clean and low-maintenance flooring options, benefiting certain wood flooring products. The wood flooring market adapted by enhancing digital presence, improving e-commerce capabilities, and focusing on customer engagement through virtual means.
More Information: https://evolvebi.com/report/us-wood-flooring-market-analysis/
Segmental Analysis
The global US Wood Flooring Market has been segmented based on Product Type, Material and Application.
Based on Product Type, the US Wood Flooring Market is segmented into Solid Wood and Engineered Wood. The Engineered Wood segment is anticipated to dominate the market.
Based on Material, the US Wood Flooring Market is segmented into Resilient flooring and Non-resilient flooring. The Resilient flooring segment is anticipated to dominate the market.
Based on Application, the global US Wood Flooring Market has been divided into the Residential and Non-residential. The Biopharmaceuticals segment is anticipated to dominate the market.