Wood Flooring Market to Reach $41,682.2 Million by 2027; Increasing Adoption of Indoor Sporting Activities to Stimulate Growth

The global wood flooring market size is expected to gain momentum by reaching USD 41,682.2 million by 2019 during the forecast period. This is attributable to the increasing demand for indoor sporting activities amid COVID-19 that will propel the sales of advanced wood flooring solutions across the globe. This information is published by Fortune Business Insights, in its latest report, titled, “Wood Flooring Market Size, Share & COVID-19 Impact Analysis, By Application (Residential and Commercial), and Regional Forecast, 2020-2027.” The report further observes that the market stood at USD 33,279.5 million in 2019 and is likely to exhibit a CAGR of 3.6% between 2020 and 2027.

Shaw Floors Introduces Innovative REPEL Collection to Solve the Water Spillage Woes

In January 2019, Shaw Floors, a leading wood flooring solutions provider, announced the launch of a new Repel Collection that is a collection of water-resistant flooring solutions. According to the company, the REPEL hardwood collection features an innovative protective barrier fixed at the top of the plank. This barrier keeps liquids and spills away from the surface and further minimizes the chances of any moisture seeping through the plank.

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The introduction of advanced wood flooring solutions by companies such as Shaw is contributing to the growth of the market during the forecast period.

Increasing Focus on Indoor Sporting Activities amid COVID-19 to Augment Growth

The novel coronavirus has led to significant changes in the sporting activities. To contain the spread of the novel coronavirus, the governments across the globe have cancelled major outdoor sporting events. This has further led to the growing adoption of indoor sporting events such as badminton, basketball, tennis, and volleyball, among others. This is expected to propel the demand for advanced wood flooring solutions that withstand moisture and posseses high impact resistance. Additionally, the high spending capacity of the population is driving the demand for leisure sports that will bode well for the growth of the global market during the forecast period.

Eminent Companies Focus on Product Launches to Boost Their Sales Revenue

The global market is fragmented by the presence of major companies that are focusing on introducing innovative flooring options to cater to the rising demand of the consumers. They are further striving to boost their sales revenue by leveraging the opportunities provided by the market and expand their product portfolio. In addition to this, key players are adopting strategies such as collaboration, merger and acquisition, and partnership that is expected to bode well for the market growth.

Industry Development:

• October 2018 - Jysk Fynsk Kapital A/S (JFK), a private investment company, announced the purchase of a majority share in Junckers Industrier A/S. According to the company, the investment will propel its position in the global marketplace.

 List of the Companies Operating in the Global Market:

• Mohawk Industries, Inc. (U.S.)


• Armstrong Flooring, Inc. (U.S.)


• Shaw Industries Group, Inc. (U.S.)


• LL Flooring (U.S.)


• Junckers Industrier A/S (Denmark)


• British Hardwoods (UK)


• Connor Sports (U.S.)


• Tarkett S.A. (France)


• Boral (Australia)


• Daiken Corporation (Japan)


• Kährs Holding AB (Sweden)


• Barlinek S.A. (Poland)

Further Report Findings:

• Asia-Pacific stood at USD 19,665.1 million in 2019 and is expected to hold the highest position in the global wood flooring market in the forthcoming years. This is ascribable to the increasing adoption of wood and its by-products in the construction industry in countries such as India and China in the region.


• The market in Europe is expected to experience a significant growth owing to the favorable climatic conditions that propel the demand for these type of flooring solutions in designing the buildings in the region between 2020 and 2027.


• The residential segment, based on application, is expected to showcase an exponential growth during the forecast period. This is ascribable to factors such as the growing demand for spill-proof and scratch resistant wood flooring products to develop residential projects across the globe.

Table of Segmentation: