Wood Flooring Market Size

Wood Flooring Market size was valued at USD 51.15 billion in 2024 and is likely to exceed USD 114.22 billion by the end of 2037, registering over 6.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of wood flooring is evaluated at USD 53.77 billion.. The growth of the market is primarily attributed to the increased adoption of wood flooring for varied purposes across the construction industry. Thus, the recent expansion in construction industry is anticipated to drive the market growth. As per recent statistics, the total spending in the U.S. construction sector was totalled to be around USD 2 trillion in 2020.

In the recent phase, wood flooring has been extensively used in construction sector owing to its advantages such as high durability and resistance against everyday wear & tear. Environmentally sustainable, wood is a renewable resource which makes it a preferred choice for consumers. Also, the renovation sector is attributed to grow at a steady pace in the next few years, as more buildings would age and require renovation, maintenance, repair, and remodelling. As a result, the employment rate and the consumption of wooden flooring is both expected to rise considerably in the renovation industry. As per 2021, there were almost 10 million construction workers in the United States, approximately 8% of the total working population.