China Wood Flooring Market Size
| 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)
*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 Market Trends
This section covers the major market trends shaping the China Wood Flooring Market according to our research experts:
The Residential Segment Occupied a Major Share of the Market
China's real estate sector took approximately 42% of the total financing in the economy in 2016, according to the UK-based Royal Institute of Chartered Surveyors, making it a prime target for the government. With the changing consumer dynamics, the residential segment of China wood flooring has been occupying a major share of the market. According to the statistics, the average penetration rate of wood flooring in the residential segment in large cities of China is more than 25%, and that in medium-sized cities is about 12%. Commercial banks and insurance companies looking to establish local headquarters usually have a large demand for office space, as evidenced by most spaces larger than 5,000 sq. m being absorbed by tenants from the traditional financial industry, even though they also would be able to purchase such spaces. The number of customers who opt for wood flooring is increasing owing to the advantages such as its thermal capabilities and adaptability according to temperature, easy to install, clean and maintain for a longer time, and the aesthetic richness that the wood flooring offers. The aesthetic feature has expanded its market share to the exterior application as well.
Engineered Wood is Fastest Growing Segment of the Market
China wood flooring market has been dominated by the solid wood floor segment occupying a major share of the revenue generated. Also, during the study period, the demand for engineered wood has started gaining more significance than before. Improving customer's interest in high living standards and the aesthetic appearance and availability of engineered wood in different shapes, sizes, and designs are the major factors that are contributing to the shift in preferences to engineered wood. Also, engineered wood comes with the easy installation procedure, and is more resistant to heat and strains. These factors are also helping the segment to capture more interest from the customers.
China Wood Flooring Industry Overview
China wood flooring market is moderately consolidated and has more than 2,900 manufactures that are producing wooden floor coverings. The majority of these manufacturers are diversified their business into the manufacturing of other floors covering variants as well. The market is forecasted to register a markable growth rate with the rapid improvements happening in the printing technology stream that is allowing the manufacturers to combine various new designs with customizable textures.
China Wood Flooring Market Leaders
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Nature Home (China) Co, Ltd.
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DeHua TB New Decoration Material Co, Ltd
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Huzhou Fudeli Timber Industry Co, Ltd.
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Yihua Technology Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
China Wood Flooring Market News
- On May 11, 2021, China Forest Products Industry Association organized experts to conduct new product appraisal on the "plantation teak solid wood furniture" jointly developed by Yihua Life Technology Co., Ltd., Central South University of Forestry Science and Technology, Nanjing University of Forestry Science and Technology, and Beijing Forestry University.
- On the evening of February 21 2020, in Shaoxing, in a press conference a nnouncement of strategic cooperation between Fudeli, the originator of domestic oak flooring, and the German flooring brand HKS, which has a history of 182 years. Fudeli will introduce HKS high-end pure solid wood flooring into the domestic market for the first time, and operate independently with the new high-end terminal brand OARKING.
China Wood Flooring Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on impact of technology and innovation in the Industry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Solid Wood
5.1.2 Engineered Wood
5.2 By End-User
5.2.1 Residential
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Home Centers
5.3.2 Flagship Stores
5.3.3 Specialty Stores
5.3.4 Online
5.3.5 Others
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Nature Home (China) Co, Ltd.
6.2.2 DeHua TB New Decoration Material Co, Ltd
6.2.3 Yihua Life Technology Co., Ltd.
6.2.4 Zhejiang Jiusheng Flooring Co., Ltd.
6.2.5 Huzhou Fudeli Timber Industry Co, Ltd.
6.2.6 Guangdong Weihua Corporation
6.2.7 A&W (Shanghai) Woods Co, Ltd.
6.2.8 Sichuan Shengda Forestry Industry Co, Ltd.
6.2.9 Dare Power Dekor Home Co., Ltd
6.2.10 Green Floor*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
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 Research 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.
What years does this China Wood Flooring Market cover?
The report covers the China Wood Flooring Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the China Wood Flooring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Wood Flooring Industry Report
Statistics for the 2024 China Wood Flooring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Wood Flooring analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
