LAMINATE FLOORING MARKET - GROWTH, TRENDS, AND FORECAST (2019-2024)

The market is segmented By Type (High-Density Fiberboard Laminated Flooring, and Medium-Density Fiberboard Laminated Flooring) By Application (Residential, Commercial and Industrial) and By Geography (North America, Europe, Asia-Pacific, South America, the Middle East and Africa)

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

5%

Key Players:

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Market Overview

The global laminate flooring market has experienced steady growth over the past few years.

  • Laminate flooring refers to a synthetic product which is made up of several layers that are sealed together by the lamination process. The upper layer typically consists of melamine and aluminum oxide and helps to provide the laminate board a scratch and moisture resistant surface. As laminate flooring is easy to install and maintain, it has gained popularity across the world.  
  • Laminate flooring is relatively inexpensive as compared to engineered wood, solid hardwood, and stone floor coverings. As it can replicate stone, tiles, as well as wood patterns, the demand for laminate flooring, has been increasing in recent years.
  • The demand for laminate flooring can be attributed to numerous factors. One of the major factors is the rapid growth of the construction industry. Urbanization, industrialization and changing lifestyles have resulted in an increase in the construction activities in the emerging countries. This has contributed to the growth of the global market.
  • The price volatility of the raw materials of laminate flooring and their availability can pose a major challenge to the laminate flooring manufacturers.
  • The market has been segmented into High-Density Fiberboard Laminated Flooring and Medium-Density Fiberboard Laminated Flooring. Currently, Medium-Density Fiberboard Laminated Flooring represents the most popular product type in the laminate flooring market, accounting for the largest share.

Scope of the Report

A complete background analysis of the Laminate Flooring Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and market overview is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

By Type
High-Density Fiberboard Laminated Flooring
Medium-Density Fiberboard Laminated Flooring
By Application
Residential
Commercial
Industrial
Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa

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Key Market Trends

Commercial Application is Dominating the Market

The commercial application dominates the market, holding the majority of the market share. Laminate flooring is extensively used in this sector as it is cost-effective, requires low-maintenance and has the ability to withstand high traffic. It is followed by the residential sector. On account of the high demand for laminate flooring from five-star hotels, showrooms, retail outlets, and corporate offices, the demand for laminate flooring in the commercial sector has increased significantly. Moreover, rising preference for the wood-based floorings and increasing investments in the commercial real estate sector has fuelled the market growth globally.

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Asia-Pacific Region is Expected to Grow at Fast Pace

Globally, Asia-Pacific is the fastest growing region in laminate flooring. Rapid urbanization, rising construction industry, and governments' initiatives and availability of favorable policies may account for the region’s growth. Low manufacturing costs and rising disposable income of the population may boost overall market in the region in the coming years. China is a major consumer of flooring in the region and estimated to grow at the highest CAGR in the near future. Developing countries like India are estimated to grow at the fastest pace in the upcoming period.

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Competitive Landscape

The report covers major international players operating in the Laminate Flooring Market. The market is dominated by players such as Tarkett S.A., Mohawk Industries, Inc., Shaw Industries Group, Inc., Beaulieu International Group and others. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Major Players

  1. Tarkett S.A.
  2. Mohawk Industries, Inc.
  3. Shaw Industries Group, Inc.
  4. Armstrong Flooring, Inc.
  5. Beaulieu International Group

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Trends Shaping the Laminate Flooring Market

    5. 4.5 Porter's Five Forces Analysis

    6. 4.6 Industry Value Chain Analysis

    7. 4.7 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 High-Density Fiberboard Laminated Flooring

      2. 5.1.2 Medium-Density Fiberboard Laminated Flooring

    2. 5.2 By Application

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

      3. 5.2.3 Industrial

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 Europe

      3. 5.3.3 Asia-Pacific

      4. 5.3.4 South America

      5. 5.3.5 Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Tarkett S.A.

      2. 6.1.2 Mohawk Industries, Inc.

      3. 6.1.3 Shaw Industries Group, Inc.

      4. 6.1.4 Armstrong Flooring, Inc.

      5. 6.1.5 Beaulieu International Group

      6. 6.1.6 Mannington Mills, Inc.

      7. 6.1.7 Classen Group

      8. 6.1.8 Formica Group

      9. 6.1.9 Kaindl Flooring

      10. 6.1.10 Der International Flooring*

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS ON THE LAMINATE FLOORING MARKET

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

  9. 9. APPENDIX

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