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The North America wood flooring market size is expected to reach USD 5.2 billion by 2027, expanding at a CAGR of 1.5% from 2020 to 2027.
Rising expenditure on renovation and remodeling of old housing structures is anticipated to drive the market over the forecast period.
Increasing demand for aesthetically superior and durable floor covering solutions, and consumer trends in floor design have been critical in the growth of the market over the past few years. The expansion of office and workspaces, improving consumer lifestyle, and rapid urbanization are factors that have also contributed to market growth.