Wood Flooring Manufacturing in the US - Industry Market Research Report

Wood Flooring Manufacturing in the US - Industry Market Research Report
Wood Flooring Manufacturing in the US

Wood flooring manufacturing has struggled for most of the current period. While the pandemic impaired activity within the nonresidential construction market, robust performance within the residential construction market, marked by significant home improvement spending, provided stability. Even so, rising interest rates slammed housing markets, leading to the industry's overall contraction. Revenue has fallen at an anticipated CAGR of 4.2% to $2.2 billion through the current period, including a 4.4% drop in 2023 as climbing interest rates pressure key markets.

The Wood Flooring Manufacturing industry includes operators primarily engaged in manufacturing wood flooring, including oak and maple hardwood flooring.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.