Market Size of China Wood Flooring Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 6.00 % |
| Market Concentration | Medium |
Major Players.webp "China Wood Flooring Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Wood Flooring Market Analysis
The COVID-19 pandemic had a significant effect on the construction and renovation sector, which is sensitive to Economic cycles. This had a direct negetive effect on the demand for Wooden Floorings. The supply chain break of wooden flooring materials is due to the disruption of Global Value Chain during the pandemic. But the Wooden Flooring Market has recovered at a decent rate post COVID-19.
The market for wood flooring in China is primarily driven by customers who are looking for better flooring solutions to match their elegant lifestyle. The stabilized economic growth in the country, rising construction across rural and urban localities along with rapid urbanization is helping the real estate sector to grow. The wood flooring is the growing segment of the floor covering industry in China and accounted for around 39% of the floor covering industry during 2018. The whole floor covering market registered a revenue of USD 11.24 billion during the year. The wood flooring companies in China marketed more than 400 million square meters of the wooden floor coverings of all variants during 2018. The growing residential sector is also contributing to this rising share of wood flooring segment of the floor covering market.
China Wood Flooring Industry Segmentation
Wood Flooring is any product manufactured from timber that is designed for use as flooring, either structural or aesthetic. For flooring material wood is a common choice, and can come in various styles, cuts, species, and colours. Although bamboo flooring is made from a grass(bamboo) rather than a timber, it is often considered as a form of Wood Flooring. The Wood Flooring market is segmentedBy Product Type (Solid Wood Flooring, Engineered Wood Flooring, Laminated Flooring), By Construction Type (New Construction, Replacement, and Renovation), By Distribution Channel (Contractors, Specialty Stores, Home Centers, and others) and By End User (Residential, Commercial).The report provides a detailed study, with the underlying factors for the variations in China wood flooring market growth trends.
| By Product | |
| Solid Wood | |
| Engineered Wood |
| By End-User | |
| Residential | |
| Commercial |
| By Distribution Channel | |
| Home Centers | |
| Flagship Stores | |
| Specialty Stores | |
| Online | |
| Others |
China Wood Flooring Market Size Summary
The China wood flooring market has shown resilience and recovery following the disruptions caused by the COVID-19 pandemic, which had adversely impacted the construction and renovation sectors. The market is primarily driven by consumers seeking sophisticated flooring solutions that complement their upscale lifestyles. The ongoing urbanization and economic stability in China are fueling growth in the real estate sector, which in turn is boosting the demand for wood flooring. This segment has become a significant part of the floor covering industry, with a notable share attributed to the expanding residential sector. The market is characterized by a growing preference for wood flooring due to its thermal properties, ease of maintenance, and aesthetic appeal, which has also led to its application in exterior settings.
The market is moderately consolidated, with over two thousand manufacturers producing various wooden floor coverings, many of whom have diversified into other flooring variants. The solid wood floor segment remains dominant, although engineered wood is gaining traction due to its design versatility and resistance to environmental factors. The market is poised for notable growth, supported by advancements in printing technology that enable the creation of customizable designs. Strategic collaborations, such as those between domestic and international brands, are further enhancing the market's offerings, indicating a dynamic and evolving industry landscape.
China Wood Flooring Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Porters Five Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights on impact of technology and innovation in the Industry
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Solid Wood
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2.1.2 Engineered Wood
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2.2 By End-User
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Home Centers
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2.3.2 Flagship Stores
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2.3.3 Specialty Stores
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2.3.4 Online
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2.3.5 Others
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China Wood Flooring Market Size FAQs
What is the current China Wood Flooring Market size?
The China Wood Flooring Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in China Wood Flooring Market?
Nature Home (China) Co, Ltd., DeHua TB New Decoration Material Co, Ltd, Huzhou Fudeli Timber Industry Co, Ltd. and Yihua Technology Co., Ltd. are the major companies operating in the China Wood Flooring Market.
