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

India Laminate Flooring Market is segmented by product type (high-density fiberboard laminated flooring and medium-density fiberboard laminated flooring), end user (residential and commercial), and distribution channel (offline stores and online stores). The report offers market size and forecasts for the India Laminate Flooring Market in terms of revenue (USD) for all the above segments.

India Laminate Flooring Market Size

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India Laminate Flooring Market Summary
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Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 53 Million
Market Size (2029) USD 70.92 Million
CAGR (2024 - 2029) > 6.00 %
Market Concentration Low

Major Players

India Laminate Flooring Market Major Players

*Disclaimer: Major Players sorted in no particular order

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India Laminate Flooring Market Analysis

The India Laminate Flooring Market size is estimated at USD 53 million in 2024, and is expected to reach USD 70.92 million by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).

Laminate flooring refers to a multi-layer synthetic flooring product with the wear, design, core, and back layers sealed together using lamination. The upper layer usually comprises melamine and aluminum oxide, providing the laminate board with scratch- and moisture-resistant surfaces. Laminate flooring is economical, highly resistant to dust and damage, versatile, durable, eco-friendly, and easy to install. India Laminate flooring is relatively inexpensive compared to engineered wood, solid hardwood, and stone floor coverings. Moreover, it is available in varying widths, lengths, and thicknesses and can replicate different surfaces, including wood, stones, and tiles. Hence, the demand for laminate flooring is increasing across India.

Additionally, one of the major factors driving the market growth is the rapid rise of the construction industry. Urbanization, industrialization, and changing lifestyles have increased construction activities in emerging countries like India. Rising environmental concerns regarding the usage of timber and new technological innovations are expected to continue to spur the demand in the upcoming years. Raw materials price volatility and availability can pose a significant challenge for laminate flooring manufacturers. The flooring manufacturing sector is one of the sectors that have been bearing the brunt of pandemic. Manufacturers were stranded on raw material orders due to the significant impact of pandemic on the logistics industry due to the lockdowns. All these factors have been limiting the laminate flooring industry's growth amid the pandemic.

The post-COVID scenario of the India laminate flooring market has witnessed a significant boost. With the rise in home renovations and increased focus on hygiene, laminate flooring has become a popular choice. The market is experiencing growth due to factors like affordability, durability, and easy installation.

India Laminate Flooring Market Trends

Commercial Segment is Expected to Hold a Major Market Share in the Near Future

The demand for laminate flooring in the commercial segment is rising, with growing construction activities in the country. Factors such as the rising population and the rapid growth of urbanization have propelled construction activities of corporate offices, retail spaces, educational facilities, government buildings, hotels, lodging spaces, medical and healthcare units, industrial spaces, and commercial utilities. The commercial applications segment is expected to witness the fastest CAGR over the forecast period, owing to the increasing product penetration in retail and hospitality construction. The rapidly expanding commercial sector in the country, including malls and retail shops, is expected to drive the demand for laminate floorings. Rising government efforts to boost the tourism sector in the country are expected to positively influence the hospitality sector, which, in turn, is expected to drive the market. This factor, in turn, is expected to positively impact the demand for laminate flooring. The demand for luxury living spaces, hotels, and other hospitality facilities is forecasted to drive the growth of the market. Laminate flooring is emerging in the country as it offers a cost-effective alternative to hardwood flooring without compromising aesthetic properties. Laminate wood floorings are a popular choice across the distribution channel as they are affordable and provide a natural finish.

India Laminate Flooring Market: Market Share of Laminate Flooring in India by End User Segment in 2022 (in%)

Growing Construction Industry in India is Driving the Market

With rapid industrialization, rising expenditure on infrastructure projects and manufacturing facilities, and the booming residential construction market, the floor-covering market is anticipated to increase in the forecast period. The construction industry in India consists of the real estate and urban development segments. The real estate segment covers residential, office, retail, hotels, and leisure parks, while the urban development segment broadly consists of sub-segments, such as water supply, sanitation, urban transport, schools, and healthcare.

The laminate flooring market, a sub-segment of non-resilient floor coverings, is growing, with positive trends in commercial construction, followed by residential construction. The shifts in consumer preferences for improved finishing ability, along with benefits like economic, highly dust- and damage-resistant, versatile, durable, eco-friendly, and easy-to-install, encourage the product penetration of non-resilient floor covering applications in the industrial and hospitality sectors.

India Laminate Flooring Market: Growth Rate of Construction Industry In India from  Financial Year 2021 to 2022 (in %)

India Laminate Flooring Industry Overview

The report covers major international players operating in the Indian laminate flooring market. In terms of market share, few of the major players currently dominate the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Some of the leading players in the market are Inovar Floors India, BVG Flooring, Greenlam Industries, Notion Flooring, and Marco Polo flooring, among others.

India Laminate Flooring Market Leaders

  1. Inovar Floors India

  2.  BVG Flooring

  3. Greenlam Industries

  4. Notion Flooring

  5. Marco Polo flooring

*Disclaimer: Major Players sorted in no particular order

India Laminate Flooring Market Concentration
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India Laminate Flooring Market News

  • September 2022: BVG Flooring now offers Brown Laminated Sports Court Wooden Flooring For Indoor.
  • January 2022: Notion-headquartered in India, launched the laminate flooring series, which includes Suite, Loft, Basal, and Studio series. The products are designed for commercial as well as residential applications. 

India Laminate FlooringMarket 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 INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Urbanization and Population Growth

    3. 4.3 Market Restraints

      1. 4.3.1 Economic Uncertainty

    4. 4.4 Market Opportunities

      1. 4.4.1 Rising Technological Innovations (Smart Flooring) in the Floor Covering Industry

    5. 4.5 Value Chain/Supply Chain Analysis

    6. 4.6 Porter's Five Forces Analysis

      1. 4.6.1 Bargaining Power of Suppliers

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Threat of New Entrants

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

    7. 4.7 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 High-density Fiberboard Laminated Flooring

      2. 5.1.2 Medium-density Fiberboard Laminated Flooring

    2. 5.2 End User

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

    3. 5.3 Distribution Channel

      1. 5.3.1 Offline Stores

      2. 5.3.2 Online Stores

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Accord Floors

      2. 6.1.2 Avant Flooring

      3. 6.1.3 Surfaces India Flooring Pvt. Ltd

      4. 6.1.4 Pergo

      5. 6.1.5 Inovar Floors India

      6. 6.1.6 BVG Flooring

      7. 6.1.7 Greenlam Industries

      8. 6.1.8 Notion Flooring

      9. 6.1.9 Marco Polo flooring

      10. 6.1.10 QuickStep*

    2. *List Not Exhaustive
  7. 7. FUTURE TRENDS

  8. 8. DISCLAIMER

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India Laminate Flooring Industry Segmentation

Laminate flooring (also called floating wood tile in the United States) is a multi-layer synthetic flooring product fused with a lamination process. Laminate flooring simulates wood (or even stone) with a photographic applique layer under a clear protective layer. A complete background analysis of the Indian laminate flooring market, which includes an assessment of the laminate flooring market, emerging trends by segment and regional market, significant changes in market dynamics, and market overview, is covered in the report. The report also features qualitative and quantitative assessments by analyzing the data gathered from industry analysts and market participants across key points in the industry's value chain. 

The market is segmented by product type (high-density fiberboard laminated flooring and medium-density fiberboard laminated flooring), end user (residential and commercial), and distribution channel (offline stores and online stores). 

The report offers market size and forecasts for the India Laminate Flooring Market in terms of revenue (USD) for all the above segments.

Product Type
High-density Fiberboard Laminated Flooring
Medium-density Fiberboard Laminated Flooring
End User
Residential
Commercial
Distribution Channel
Offline Stores
Online Stores
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India Laminate FlooringMarket Research FAQs

The India Laminate Flooring Market size is expected to reach USD 53 million in 2024 and grow at a CAGR of greater than 6% to reach USD 70.92 million by 2029.

In 2024, the India Laminate Flooring Market size is expected to reach USD 53 million.

Inovar Floors India,  BVG Flooring, Greenlam Industries, Notion Flooring and Marco Polo flooring are the major companies operating in the India Laminate Flooring Market.

In 2023, the India Laminate Flooring Market size was estimated at USD 50 million. The report covers the India Laminate Flooring Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Laminate Flooring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

India Laminate FlooringIndustry Report

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

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