Wood Flooring Market Revenue, Growth Revenue, Trends, Growth Factors, Region and Country Analysis
Market Highlights: Wood Flooring Market Size was valued at USD 47.8 billion in 2021. The wood flooring market industry is projected to grow from USD 51.05 Billion in 2022 to USD 80.90 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2022 - 2030). The tremendous growth of the commercial sector and the demand for innovative ways to design commercial buildings is projected to propel the demand for wood flooring, globally. Moreover, the increasing investments in the commercial real estate and the rapid expansion of the tourism and hospitality industries are some of the factors that are anticipated to drive the global wood flooring market revenue. Additionally, the demand for eco-friendly and lightweight floor coverings are likely to drive the growth of the global wood flooring market share . The rapid construction of commercial and residential buildings in emerging countries, such as China, India, and South Korea, is one of the major