Laminate Flooring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Laminate Flooring Market Report is Segmented by Type (High-Density Fiberboard Laminated Flooring, Medium-Density Fiberboard Laminated Flooring), Application (Residential, Commercial, Industrial), Distribution Channel (Offline Stores, Online Stores), and Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa). The Report Offers Market Size and Forecasts for Laminate Flooring Market in Value (USD) for all the Above Segments.

Laminate Flooring Market Size

Laminate Flooring Market Summary
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Study Period 2020-2029
Market Size (2024) USD 3 Billion
Market Size (2029) USD 3.47 Billion
CAGR (2024 - 2029) > 3.00 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Laminate Flooring Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Laminate Flooring Market Analysis

The Laminate Flooring Market size is estimated at USD 3 billion in 2024, and is expected to reach USD 3.47 billion by 2029, growing at a CAGR of greater than 3% during the forecast period (2024-2029).

Laminate flooring is less expensive than engineered wood, real hardwood, and stone floor coverings. The market for laminate flooring has risen in recent years due to its ability to reproduce designs found in stone, tiles, and wood. The booming building sector is a major driver of laminate flooring. Construction activity has expanded in emerging nations as a result of urbanization, industrialization, and changing lifestyles. These elements have assisted in the expansion of the world market. The two market segments of laminate flooring are high-density fiberboard laminated flooring and medium-density fiberboard laminated flooring. The most common product category in the laminate flooring industry right now, with the highest share, is medium-density fiberboard laminated flooring.

The post-COVID scenario of the laminate flooring market is characterized by increased demand due to the rising focus on home renovation and remodeling projects. As people spend more time at home, there is a growing preference for durable, cost-effective, and aesthetically pleasing flooring options like laminate. Additionally, technological advancements in laminate flooring, such as improved designs, textures, and installation methods, are further driving market growth.

Laminate Flooring Market Trends

Rise in Commercial Segment

The Laminate Flooring Market is inexpensive, low maintenance, and wear-resistant, laminate flooring so it is widely used in the business sector and followed by the residential sector. The market for laminate flooring in the commercial sector has greatly expanded due to strong demand from five-star hotels, showrooms, retail stores, and corporate offices. The growing popularity of wood-based flooring and increased investments in the commercial real estate industry have supported market expansion on a global scale. Laminate flooring in the commercial sector has risen in recent years due to its ability to reproduce designs found in stone, tiles, and wood. All these factors are increasing the demand for commercial segment laminate flooring

Laminate Flooring Market Share, by Application, In %, 2022

Increase in Online Sales

The increase in online sales of laminate flooring has had a significant impact on the overall laminate flooring market. Online sales have allowed laminate flooring manufacturers and retailers to reach a wider audience beyond their local markets. With the Internet, they are now selling their products to customers in different regions or even countries, expanding their customer base and market reach. Online shopping offers convenience and accessibility to customers. Customers browse through a wide range of laminate flooring options, compare prices, read reviews, and make purchases from the comfort of their homes. This convenience has attracted more consumers to consider laminate flooring as a viable option for their homes.

The growth of online sales has pushed laminate flooring manufacturers and retailers to improve their logistics and shipping capabilities. They have optimized their supply chains, implemented efficient inventory management systems, and partnered with reliable shipping services. This has resulted in faster and more reliable product delivery, further boosting customer satisfaction and confidence in online purchases.

Laminate Flooring Market: Increase in Online Sales of Laminate Flooring, Globally, In %, 2019-2022

Laminate Flooring Industry Overview

The market for laminate flooring is highly fragmented. Major multinational companies in the laminate flooring market are covered in the report. Players like Tarkett SA, Mohawk Industries Inc., Shaw Industries Group Inc., and Beaulieu International Group dominate the market. Through product innovation and technology developments, mid-sized and smaller businesses are growing their market share by winning new businesses and entering untapped sectors.

Laminate Flooring Market Leaders

  1. Tarkett SA

  2. Mohawk Industries Inc.

  3. Shaw Industries Group Inc.

  4. Armstrong Flooring Inc.

  5. Beaulieu International Group

*Disclaimer: Major Players sorted in no particular order

Laminate Flooring Market Concentration
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Laminate Flooring Market News

  • In September 2023: Shaw Industries Group, Inc. had a strategic partnership with the Classen Group. Through this partnership, Shaw became the sole distributor of the company’s new commercial flooring products in North America.
  • In June 2023: Unilin Technologies and Mohawk Industries signed the digital printing licensing contract with Swiss Krono, a leading global manufacturer of innovative flooring solutions.

Laminate Flooring Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Growing Construction Industry is Driving the Market

    3. 4.3 Market Restraints

      1. 4.3.1 Increasing Competition from Alternative Flooring Options such as Vinyl and Hardwood are Restraints

    4. 4.4 Market Opportunities

      1. 4.4.1 Expansion into Emerging Markets is an Opportunity

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Porter Five Forces

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitutes

      5. 4.6.5 Intensity of Competitive Rivalry

    7. 4.7 Insights into Technological Advancements in the Industry

    8. 4.8 Impact of COVID-19 on the Market

  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. 5.3 By Distribution Channel

      1. 5.3.1 Super Market Stores/Multi-branded stores

      2. 5.3.2 Specialty Stores

      3. 5.3.3 Online Stores

      4. 5.3.4 Other Distribution Channels

    4. 5.4 By Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

        4. 5.4.1.4 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 Germany

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 Rest of Asia-Pacific

      4. 5.4.4 South America

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Argentina

        3. 5.4.4.3 Peru

        4. 5.4.4.4 Rest of South America

      5. 5.4.5 Middle-East and Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 United Arab Emirates

        3. 5.4.5.3 Qatar

        4. 5.4.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Tarkett SA

      2. 6.2.2 Mohawk Industries Inc.

      3. 6.2.3 Shaw Industries Group Inc.

      4. 6.2.4 Armstrong Flooring Inc.

      5. 6.2.5 Beaulieu International Group

      6. 6.2.6 Mannington Mills Inc.

      7. 6.2.7 Classen Group

      8. 6.2.8 Formica Group

      9. 6.2.9 Kaindl Flooring

      10. 6.2.10 De Flooring International*

    3. *List Not Exhaustive
  7. 7. MARKET FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

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Laminate Flooring Industry Segmentation

Laminate flooring is a synthetic product made up of several layers that are sealed together by the lamination process and offer great looks that reflect true luxury. The laminate flooring market is segmented by type which includes high-density fiberboard laminated flooring, medium-density fiberboard laminated flooring, by application includes residential and commercial, by distribution channel includes super market stores/multi-branded stores, specialty stores, online stores, and other distribution channels, and by geography includes North America, Europe, Asia-Pacific, South America, Middle East & Africa. The report offers market size and forecasts for laminate flooring market in value (USD) for all the above segments.

By Type
High-density Fiberboard Laminated Flooring
Medium-density Fiberboard Laminated Flooring
By Application
Residential
Commercial
By Distribution Channel
Super Market Stores/Multi-branded stores
Specialty Stores
Online Stores
Other Distribution Channels
By Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Rest of Europe
Asia-Pacific
India
China
Japan
Rest of Asia-Pacific
South America
Brazil
Argentina
Peru
Rest of South America
Middle-East and Africa
Saudi Arabia
United Arab Emirates
Qatar
Rest of Middle-East and Africa
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Laminate Flooring Market Research Faqs

The Laminate Flooring Market size is expected to reach USD 3 billion in 2024 and grow at a CAGR of greater than 3% to reach USD 3.47 billion by 2029.

In 2024, the Laminate Flooring Market size is expected to reach USD 3 billion.

Tarkett SA, Mohawk Industries Inc., Shaw Industries Group Inc., Armstrong Flooring Inc. and Beaulieu International Group are the major companies operating in the Laminate Flooring Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Laminate Flooring Market.

In 2023, the Laminate Flooring Market size was estimated at USD 2.91 billion. The report covers the Laminate Flooring Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Laminate Flooring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Laminate Flooring Industry Report

Statistics for the 2024 Laminate Flooring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Laminate Flooring analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Laminate Flooring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)