U.S. Wood Flooring Market (By Product: Solid Wood, Engineered Wood; By End-use: Replacement, New Construction; By Wood Type; By Application) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2024-2033

The U.S. wood flooring market was surpassed at USD 6.11 billion in 2023 and is expected to hit around USD 7.54 billion by 2033, growing at a CAGR of 2.13% from 2024 to 2033.

Key Pointers

• By Product, the engineered wood segment held the largest revenue share of 54% in 2023.
• By Product, the solid wood segment is anticipated to grow at the fastest CAGR of 2.64% from 2024 to 2033.
• By Wood Type, the red oak segment is expected to expand at the highest CAGR of 2.16% over the forecast period.
• By Wood Type, the white oak segment generated the maximum market share of 31% in 2023.
• By Application, the residential segment contributed the largest market share of 79% in 2023.
• By End-use, the new construction segment is anticipated to grow at the noteworthy CAGR of 1.85% from 2024 to 2033. 

Report Scope of the U.S. Wood Flooring Market

U.S. Wood Flooring Market Trends:

• Increasing Preference for Hardwood Flooring: The U.S. wood flooring market is witnessing a growing preference for hardwood flooring among consumers due to its durability, aesthetic appeal, and long-term value. Hardwood flooring offers a timeless elegance and enhances the overall ambiance of residential and commercial spaces, driving its popularity in the market.
• Rising Demand for Engineered Wood Flooring: Engineered wood flooring is gaining traction in the U.S. market due to its versatility, stability, and eco-friendly characteristics. This trend is fueled by advancements in manufacturing techniques, which have improved the quality and performance of engineered wood products, making them a popular choice for a wide range of applications.
• Customization and Personalization: Consumers are increasingly seeking wood flooring options that allow for customization and personalization to suit their unique preferences and design aesthetics. This includes a demand for a variety of wood species, finishes, textures, and plank sizes, enabling homeowners and designers to create bespoke flooring solutions that reflect their individual style and vision.
• Innovations in Installation Techniques: Innovations in wood flooring installation techniques are reshaping the market landscape, making it easier and more cost-effective to install and maintain wood flooring in residential and commercial spaces. This includes advancements in click-lock and floating floor systems, as well as the development of adhesives and underlayment materials that enhance installation efficiency and performance.

Product Insights

In terms of product, the engineered wood segment dominated the market with a revenue share of 54% in 2023. Over the years, engineered wood flooring has emerged as a comparatively low-cost alternative to solid wood flooring. This is because engineered wood is relatively less susceptible to moisture and temperature changes. Moreover, engineered wood floor coverings can be installed on any type of subfloor available in the form of concrete slabs, radiant heating systems, etc. using various installation methods including nailing, stapling, gluing, or floating. It reduces the installation time of this flooring. This is expected to surge the usage of engineered wood flooring in projects with time constraints.

The solid wood segment is anticipated to grow at the fastest CAGR of 2.64% over the forecast period. High durability and easy installation are the characteristic attributes of solid wood flooring. This flooring has a narrow plank size with a few seams between boards of wood. Solid wood flooring is highly preferred in residential and commercial applications in the U.S. owing to its durability and longevity. Moreover, this flooring can be developed from a wide variety of dent- and scratch-resistant wood.

In addition, solid wood flooring is stain-free and can be polished. This flooring can be sanded and re-finished multiple times over its lifetime, owing to its top-to-bottom solid core. Hardwood flooring provides a solid feel while walking as it is permanently installed by nailing it to subfloors. Solid wood flooring is highly durable and low maintenance. However, susceptibility to expansion owing to moisture is one of the major drawbacks associated with solid wood flooring.

Wood Type Insights

In terms of wood type, the red oak segment is expected to grow at the fastest CAGR of 2.16% over the forecast period. Red oak or the Quercus rubra is a hardwood tree species native to the U.S. that can grow up to 5–6 meters in 10 years under optimal conditions and full sun. It is economically one of the most important timber species grown in North America. Red oak is widely used in the production of lumber and veneer used for developing flooring and furniture.

Red oak flooring is not preferred for use in kitchens and bathrooms owing to its susceptibility to movement under varying moisture conditions. However, this product is more porous than white oak flooring which makes the former stain well. As such, red oak wood can be used for developing bleached flooring. Thus, red oak wood flooring is highly preferred in households with pets and children.

The white oak segment held a revenue share of 31% in 2023. White oak wood is highly durable with a Janka value of 1360. It is widely used in the construction industry as structural timber owing to its low stiffness and overall good strength. Moreover, this wood is also utilized in shipbuilding & boat building, architectural joinery, exterior joinery, flooring, and railway sleeper manufacturing applications.

Application Insights

In terms of application, the residential segment dominated the market in 2023 with a revenue share of 79% and it is further expected to grow at the fastest CAGR of 2.27% over the forecast period. The growing rate of domestic and international migration and the ongoing urbanization are expected to drive the demand for residential buildings in the U.S. in the coming years. It is anticipated that it will lead to increased construction of residential buildings, thereby resulting in a rise in demand for wooden floor coverings used in these buildings in the country over the forecast period.

In addition, the rising number of single-family houses in the U.S. owing to the high disposable income of consumers is further projected to drive the demand for wood flooring in the residential segment. Engineered wood flooring is increasingly replacing traditional solid wood in residential buildings owing to its cost-effectiveness, ease of installation, and superior moisture resistance.

The commercial segment of the market in the U.S. includes commercial buildings, hotels, restaurants, cafes, retail stores, offices, gymnasiums, basketball courts, hospitals, etc. Wood flooring is widely used in commercial applications owing to its long lifecycle. Growing demand for sustainable building materials for use in commercial construction activities in the U.S. is expected to surge the demand for the product from 2024 to 2033.

End-use Insights

In terms of end-use, the new construction segment is projected to grow at a CAGR of 1.85% from 2024 to 2033. The growth of this segment of the market can be attributed to the increasing construction activities related to new residential units and commercial spaces in the country.

According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the country had approximately 1,342,000 building permits, along with 1,427,000 housing projects that are ongoing, and approximately 1,490,000 housing projects that are nearing completion as of 2022. The increasing construction activities for developing new residential projects in the country are fueling the growth of the new construction segment of the market.

The replacement segment dominated the market in 2023 with a revenue share of 55%, and it is further expected to grow at the fastest CAGR of 2.35% over the forecast period. Wood flooring is highly durable and can last for a longer period than other types of floor coverings without losing its original quality. In addition, wood flooring can be refinished when dented or scratched.

These factors are leading to the large-scale adoption of wood flooring, which is replacing other floors such as LVT (luxury vinyl tiles) and terrazzo in existing buildings. In addition, continued investments in the repair and renovation of existing housing structures in the U.S. are driving the growth of the replacement segment.

U.S. Wood Flooring Market Key Companies

• Mohawk Industries, Inc.
• EGGER Group
• Goodfellow, Inc.
• Flooring Innovations
• Somerset Hardwood Flooring, Inc.
• Shaw Industries Group, Inc.
• Mannington Mills, Inc.
• Home Legend, LLC
• Provenza Floors, Inc.
• DuChateau

U.S. Wood Flooring Market Segmentations:

By Product 

• Solid Wood
• Engineered Wood

By Wood Type 

• Red Oak
• White Oak
• Maple
• Others

By Application 

• Residential
• Commercial

By End-use 

• New Construction
• Replacement