Global Wood Flooring market outlook 2024, Forecast To 2033

The wood flooring market size has grown strongly in recent years. It will grow from $50.39 billion in 2023 to$53.48 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to aesthetic appeal and natural look, housing construction and renovation, consumer preference for durability and longevity, environmental awareness and sustainability, changing interior design trends. The wood flooring market size is expected to see strong growth in the next few years. It will grow to $67.56 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to rising demand for customization, green building standards and certifications, health and wellness concerns, e-commerce and online retail, economic factors and construction industry. Major trends in the forecast period include preference for wide planks and unique textures, customization and personalization, popularity of reclaimed and vintage wood flooring, increased demand for engineered wood flooring, green labeling and consumer awareness.