Market Size of India Laminate Flooring Industry
| 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
*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.
