Wood Flooring Market Share

Asia Pacific Market Forecast

The Asia Pacific wood flooring market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037, owing to the rapid expansion of construction industry and presence of leading market key players in the regions. The building construction industry in Asia Pacific is expected to reach USD 3 million by 2024, with a robust CAGR with 7%.  Further, the high disposable income of burgeoning population in the Asia Pacific is expected to increase the demand of non-residential and residential building construction which is further anticipated to bloom the wood flooring market. Lately, it was calculated that Asia Pacific was the largest region in the global nonresidential building construction market, accounting for 43% of the total in 2021, with a steady 9% CAGR.