Hardwood Market to Reach USD 1.40 Trillion by 2030 Driven by Premium Furniture Demand and Growth of Engineered Wood

Hardwood Market Overview 

According to Mordor Intelligence, the hardwood market is experiencing steady growth, with its size expected to rise from USD 1.13 trillion in 2025 to USD 1.40 trillion by 2030 at a CAGR of 4.4%. Increasing sustainability regulations, such as the EU Deforestation Regulation, and strong demand in flooring, construction, and premium furniture sectors are supporting market expansion. North America currently holds the largest market share, whereas Asia-Pacific leads in growth, propelled by urbanization and rising middle-class spending. 

Hardwood Industry Key Trends 

• Rising demand for certified sustainable hardwood in green building projects. 
• Increased consumer spending on premium hardwood furniture, especially in Asia-Pacific. 
• Growth in engineered wood manufacturing using hardwood veneers. 
• Expanding adoption of hardwood flooring in residential and renovation projects. 
• Efficiency gains from automation in harvesting and sawmilling operations. 

Hardwood Market Segmentation 

• By Species: Oak, Maple, Walnut, and others, with Oak leading market share and Walnut growing fastest. 
• By Application: Flooring, Construction, Furniture, and other uses, with Flooring holding the largest demand segment. 

Hardwood Companies 

• Shaw Industries, AHF Products, Mohawk Industries, West Point Veneer. 
• Global suppliers focusing on sustainable sourcing and integrated supply chains. 

Dominating Country: North America 

North America dominates the hardwood market, driven by strong demand for hardwood flooring, construction, and premium furniture. U.S. hardwood exports, including white oak, hickory, and red oak, serve both domestic and international markets, reinforcing the region’s influence. Policies supporting domestic harvesting, along with technology-driven sawmilling and traceability systems, help suppliers meet sustainability standards while maintaining consistent quality. North American consumption also balances the growing import demands of Asia-Pacific and Europe, keeping the region central in global hardwood trade. 

Conclusion 

The hardwood market is set for steady growth, fueled by rising demand for premium furniture, flooring, and sustainable construction materials. North America continues to lead in production and exports, while Asia-Pacific emerges as the fastest-growing region. With increased focus on certified sustainable sourcing and modern processing technologies, the hardwood market is positioned to meet global demand while supporting environmentally responsible practices. 

Get the latest industry insights on the hardwood market: https://www.mordorintelligence.com/industry-reports/hardwood-market?utm_source=Industrytoday.co.uk  

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