Thailand Wood Flooring Market size is anticipated to grow at a CAGR of 4.8% during 2023-2029

Retail stores segment by distribution channel garnered the largest revenue share in Thailand Wood Flooring Market – 6Wresearch

By Distribution Channel, retail stores accounted for the highest revenue share as it allows customers to physically inspect and touch the wood flooring samples which helps them get a better sense of the quality, color, and texture along with a wide range of products availability. Retail stores should be the focused distribution channel of the market since they will rise at the highest rate due to the preferences of the consumers as it enables consumers to touch the products.

According to 6Wresearch, Thailand Wood Flooring Market size is anticipated to grow at a CAGR of 4.8% during 2023-2029. A confluence of factors like rising construction activity, income growth, tourism expansion, government support, and raw material availability are positioning the wood flooring market in Thailand for steady growth in the coming years, especially to meet the demands of upcoming commercial projects. This rise in consumer spending is expected to support the growth of the wood flooring market. Furthermore, future growth in the Thailand wood flooring market is anticipated, driven by upcoming commercial projects such as Courtyard by Marriott at Chalong Bay, W Phuket Nai Harn Beach, and JW Marriott Phuket Resort & Spa Chalong Bay. The wood Flooring market could suffer from the presence of similar materials and limited availability of raw materials that would act as a restraint for growth in coming years.

According to Shubham Deep, Senior Research Analyst, 6Wresearch, by Application, residential spaces deploy more wood flooring and the same is expected to continue in the coming years owing to the high population density, particularly in urban areas, drives demand for new and improved residential properties.

The Thailand Wood Flooring Market (2023-2029) report provides an in-depth analysis with 20 figures and 4 tables, covered in 64 pages. The report comprehensively covers the market by product types, distribution channels, and applications. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.