Billion-Dollar Hardwood Flooring Market In North America to exhibit growth at a  CAGR of 4.87% through 2021-2025

The Hardwood Flooring Market in North America is a billion-dollar industry in making with forecasted revenue growth of USD 1.07 Bn and acceleration at a CAGR of  4.87%. The determinants that significantly impact this market expansion comprise the growth of the residential and commercial real estate market in North America. As per data, the construction market in North America is expected to grow at a CAGR of more than 3.5% during 2021-2025.

Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus. 

Hardwood Flooring Market in North America 

Navigating through the Market Segmentation of the Hardwood Flooring Market In North America:

• When it comes to segmentation of the hardwood flooring market it can be categorized in North America by end-user (commercial and residential), type (engineered wood and solid wood), and Geography (US and Rest of North America).
• US will dominate the market growth with the contribution of 64% of the market's growth during the forecast period. 
• The hardwood flooring market share growth in North America by the commercial segment will be significant which includes buildings in the education, healthcare, hospitality, retail, and office segments.

Key Companies of the Hardwood Flooring Market In North America: Some of the prominent names worth mentioning include Armstrong Flooring Inc., Berkshire Hathaway Inc., Flooring Innovations, Fritz Egger GmbH and Co. OG, Goodfellow Inc., Home Legend LLC, Mannington Mills Inc., Millstead Wood Flooring, Mohawk Industries Inc., and Q.E.P. Co. Inc.Our report includes qualitative and quantitative analyses of organizations with a wider understanding of the business ecosystem. Download a sample report on Hardwood Flooring Market In North America.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 4.87%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 1.07 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Rising construction and real estate projects will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   The US and the Rest of North America are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   64% growth will originate from the US.