Laminate Flooring Market Size

Statistics for the 2023 & 2024 Laminate Flooring market size, created by Mordor Intelligence™ Industry Reports. Laminate Flooring size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Laminate Flooring Industry

Laminate Flooring Market Summary
Study Period 2020 - 2029
Market Size (2024) USD 2.91 Billion
Market Size (2029) USD 4.13 Billion
CAGR (2024 - 2029) 6.00 %
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 2.91 billion in 2024, and is expected to reach USD 4.13 billion by 2029, growing at a CAGR of 6% during the forecast period (2024-2029).

Laminate flooring is becoming extremely popular in home renovation and improvement due to its ease of use and simplified installation process. The growing emphasis on flooring designs, colors, and aesthetics has further fueled the demand for this product. With a wide range of customization options, laminate flooring allows users to choose contemporary and trendy designs that align with their preferences. The market growth of laminate flooring is driven by consumers' increasing awareness of its numerous advantages, including its exceptional impact resistance, effortless installation, and extended lifespan.

Factors like rapid urbanization, increased consumer spending power, the rise of the DIY trend, and the availability of products on online retail platforms are expected to drive market growth further. The ability of laminate flooring to replicate the look of stone, tiles, and wood has also contributed to its popularity, especially in the booming building sector. The rise in construction projects in developing countries, fueled by urbanization, industrialization, and evolving consumer preferences, has been a critical factor in expanding the laminate flooring market across the world.

The market is divided by type into two segments, i.e., high-density fiberboard laminated flooring and medium-density fiberboard laminated flooring, with the latter being the most prevalent category. Advancements in design and printing technology, along with the introduction of unique product designs by manufacturers, have significantly increased the global demand for laminate flooring. As a result, the market is expected to experience significant growth during the forecast period. Furthermore, laminate flooring offers a cost-effective alternative to engineered wood, natural hardwood, and stone floor coverings.

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