Thailand Wood Flooring Market (2023-2029) | Revenue, Outlook, Industry, Value, Size, Share, Forecast, Growth, COVID-19 IMPACT, Companies, Trends & Analysis

Market Forecast By Product Types (Solid Wood, Engineered Wood), By Distribution Channel (Retail Stores, Distributors and Wholesalers, Builders and Contractors, and Others (Online, Direct Sales from Manufacturers, Interior Design Firms, etc.)), By Application (Residential, Commercial) And Competitive Landscape

Product Code: ETC041466 Publication Date: Jul 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 20 No. of Figures: 64 No. of Tables: 4

Thailand Wood Flooring Market Competition 2023

Thailand Wood Flooring market currently, in 2023, has witnessed an HHI of 5944, Which has decreased moderately as compared to the HHI of 9065 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

Thailand Wood Flooring Market Competition 2023

Thailand Export Potential Assessment For Wood Flooring Market (Values in USD Thousand)


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Thailand Wood Flooring Market Synopsis

Prior to the COVID-19 outbreak, the Thailand wood flooring market was steadily growing, fueled by the increasing importance of aesthetic decor in both residential and commercial settings. However, the pandemic, which struck in 2020, caused a downturn in the country's construction activities and led to adverse effects on various industries, including the wood flooring market. As a result of the COVID-19 pandemic, several commercial construction projects, such as InterContinental Yao Yai Resort, Grand Mercure Windsor Bangkok, and Movenpick Hotel Kamala Beach Phuket, experienced delays or slowdowns. The impact was widespread, and the construction sector contracted by approximately 8.8% in 2020, making it one of the worst-hit sectors in the Thai economy. Due to the uncertainty and economic challenges brought on by the pandemic, many customers deferred renovation and construction projects, resulting in a decline in sales and orders for wood flooring retailers and installers. The postponement of projects directly affected the demand for wood flooring materials in the market.

Thailand Wood Flooring Market OverviewAccording to 6Wresearch, Thailand Wood Flooring Market size is anticipated to grow at a CAGR of 4.8% during 2023-2029. The wood flooring market in Thailand is expected to witness substantial growth, primarily due to the increasing investments in the country's residential and commercial sectors. Notably, CP Group, the largest conglomerate in Thailand, has announced plans to invest $1.5 billion in various projects in Bangkok over the next 5 years. These projects encompass a wide range of properties, including office buildings, hotels, serviced apartments, and condominiums. Additionally, Magnolia Quality Development Corporation (MQDC), a subsidiary of Magnolia Group, has ambitious investment plans of $1.2 billion for residential and commercial ventures in Bangkok and Pattaya over the next 3 years. These projects would include luxury condominiums, hotels, and retail spaces, contributing to the overall demand for wood flooring in the region. Furthermore, Central Pattana PCL has set its sights on investing $500 million in commercial projects across Bangkok, Chonburi, and Phuket within the next 3 years. The projects would involve the development of shopping malls, hotels, and office buildings, leading to generating the demand for wood flooring products in these properties. As a result of these significant investments, the wood flooring market is likely to experience growth as it caters to the requirements of these upcoming and ongoing residential and commercial developments in Thailand.

Thailand Wood Flooring Market Revenue ShareMarket by Product Types

The engineered wood flooring segment in the Thailand wood flooring industry is expected to witness higher growth compared to solid wood flooring in the upcoming years. This is due to the increasing demand for durable and sustainable flooring options that offer design flexibility and require less maintenance.

Market by Distribution Channel

Retail stores should be the focused distribution channel as they would grow at the highest rate owing to the consumers' preference as they are able to physically touch the products and choose from a diverse range of varieties.

Market by Application

Owing to the upcoming residential projects such as Bangna KM29, Omnoi, and Kallapaphruek, the demand for wood flooring would increase in the residential buildings in the coming years.

Thailand Wood Flooring Market Opportunity Assessment

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 11 Years Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Thailand Wood Flooring Market Overview
  • Thailand Wood Flooring Market Outlook
  • Thailand Wood Flooring Market Forecast
  • Historical Data and Forecast of Thailand Wood Flooring Market Revenues for the Period 2019-2029F
  • Historical Data and Forecast of Thailand Wood Flooring Market Revenues, By Product Type, for the Period 2019-2029F
  • Historical Data and Forecast of Thailand Wood Flooring Market Revenues, By Distribution Channel, for the Period 2019-2029F
  • Historical Data and Forecast of Thailand Wood Flooring Market Revenues, By Application, for the Period 2019-2029F
  • Market Drivers and Restraints
  • Thailand Wood Flooring Market Trends
  • Industry Life Cycle
  • Porter’s Five Force Analysis
  • Market Opportunity Assessment
  • Thailand Wood Flooring Market Revenue Ranking, By Companies
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Types 

  • Solid Wood 
  • Engineered Wood 

By Distribution Channel 

  • Retail Stores 
  • Distributors and Wholesalers 
  • Builders and Contractors and 
  • Others (Online Direct Sales from Manufacturers Interior Design Firms etc.) 

By Application 

  • Residential 
  • Commercial
Thailand Wood Flooring Market: FAQs
Thailand Wood Flooring Market size is anticipated to grow at a CAGR of 4.8% during 2023-2029.
Owing to the upcoming residential projects such as Bangna KM29, Omnoi, and Kallapaphruek, the demand for wood flooring is booming.
The wood flooring market in Thailand is expected to witness substantial growth, primarily due to the increasing investments in the country's residential and commercial sectors.
The engineered wood flooring segment in Thailand wood flooring industry is expected to witness higher growth.
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1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of the Report
2.3 Market Scope & Segmentation
2.4 Methodology Adopted & Key Data Points
2.5 Assumptions
3. Thailand Wood Flooring Market Overview
3.1 Thailand Wood Flooring Market Revenues, 2023-2030F
3.2 Thailand Wood Flooring Market Industry Life Cycle
3.3 Thailand Wood Flooring Market Porter’s Five Forces
4. Thailand Wood Flooring Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Thailand Wood Flooring Market Evolution & Trends
6. Thailand Wood Flooring Overview, By Product Types
6.1. Thailand Wood Flooring Market Revenue Share and Revenues, By Product Types (2023-2030F)
6.1.1 Thailand Wood Flooring Market Revenues, By Softwood (2023-2030F)
6.1.2 Thailand Wood Flooring Market Revenues, By Engineered Wood (2023-2030F)
7. Thailand Wood Flooring Overview, By Distribution Channel
7.1. Thailand Wood Flooring Market Revenue Share and Revenues, By Distribution Channel (2023-2030F)
7.1.1 Thailand Wood Flooring Market Revenues, By Retail (2023-2030F)
7.1.2 Thailand Wood Flooring Market Revenues, By Distributors and Wholesalers (2023-2030F)
7.1.3 Thailand Wood Flooring Market Revenues, By Builders and Contractors (2023-2030F)
7.1.4 Thailand Wood Flooring Market Revenues, By Others (2023-2030F)
8. Thailand Wood Flooring Overview, By Application
8.1. Thailand Wood Flooring Market Revenue Share and Revenues, By Application (2023-2030F)
8.1.1 Thailand Wood Flooring Market Revenues, By Residential (2023-2030F)
8.1.2 Thailand Wood Flooring Market Revenues, By Commercial (2023-2030F)
9. Thailand Wood Flooring Market Key Performing Indicators
10. Thailand Wood Flooring Market Opportunity Assessment
10.1. Thailand Wood Flooring Market Opportunity Assessment, By Product Type, 2030F
10.2. Thailand Wood Flooring Market Opportunity Assessment, By Distribution Channel, 2030F
10.3. Thailand Wood Flooring Market Opportunity Assessment, By Application, 2030F
11. Thailand Wood Flooring Market Competitive Landscape
11.1. Thailand Wood Flooring Market Revenues Ranking, By Companies, 2023
11.2. Thailand Wood Flooring Market Competitive Benchmarking, By Technical & Operating Parameters
12. Company Profiles
12.1 German Standard Co, Ltd.
12.2 Arrow Wood Co. LTD
12.3 Asia Teak Wood Company Limited
12.4 Thaweephan Wood Products CO., LTD
12.5 Amber Wood Innovation (Thailand) Co., Ltd
12.6 Areechai Woodtech Co.,Ltd.
12.7 Colosio
12.8 Wood-Den 
12.9 Siam Wood Floor Co., Ltd
12.10 Pacificwood Co.,Ltd.
13. Key Strategic Recommendations
14. Disclaimer
List of Figures
1. Thailand Wood Flooring Market Revenues, 2023-2030F (USD Million)
2. Disposable Personal Income in Thailand, 2023-2023, THB
3. Urbanisation rates in ASEAN Countries, 2023 
4. Annual percentage of urban population in Thailand, 2015-2030F, %
5. Thailand Tourist arrival breakdown, 2023
6. Thailand’s tourist arrivals, 2023 & 2023E, Million
7. Thailand Wood Flooring Market Revenue Share, By Product Type, 2020 & 2030F
8. Thailand Wood Flooring Market Revenue Share, By Distribution Channel, 2020 & 2030F
9. Thailand Wood Flooring Market Revenue Share, By Application, 2020 & 2030F
10. Thailand Number of New Condominiums Units Sold, Q1 2023 & Q2 2023
11. Thailand Infrastructure Ranking (2018-2023)
12. Phuket Hotel Sector Recovery, 2023-2025F
13. Thailand New Hotels, By Cities, 2023-2023
14. Bangkok Hotel Sector Recovery, 2023-2025F
15. Thailand Wood Flooring Market Opportunity Assessment, Product Types, 2030F
16. Thailand Wood Flooring Market Opportunity Assessment, By Distribution Channel, 2030F
17. Thailand Wood Flooring Market Opportunity Assessment, By Application, 2030F
18. Thailand Wood Flooring Market Revenues Ranking, 2023
19. Phuket Tourism Revenue, H1 2020-H1 2023 ($ Billion)
20. Phuket Number of Keys (Hotel Rooms), 2023-2025F
List of Tables
1. Thailand Wood Flooring Market Revenues, By Product Type, 2023-2030F (USD Million)
2. Thailand Wood Flooring Market Revenues, By Distribution Channel, 2023-2030F (USD Million)
3. Thailand Wood Flooring Market Revenues, By Application, 2023-2030F (USD Million)
4. Phuket Hotel Pipeline
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