US Laminate Flooring Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.56 Billion |
| Market Size (2029) | USD 2.9 Billion |
| CAGR (2024 - 2029) | 13.17 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Laminate Flooring Market Analysis
The US Laminate Flooring Market size is estimated at USD 1.56 billion in 2024, and is expected to reach USD 2.9 billion by 2029, growing at a CAGR of 13.17% during the forecast period (2024-2029).
Urbanization, industrialization, and evolving lifestyles contribute to the growth of the construction industry, a major market driver. Additionally, the adoption of laminate flooring is spurred by its durability, high gloss, colored and textured finishes, making it an attractive choice in both commercial and residential sectors.
Opportunities lie in the increasing demand for cost-effective and low-maintenance flooring solutions, with laminate flooring meeting these criteria. The surge in investments in real estate development, coupled with a preference for wood-based floorings, presents a favorable landscape for market expansion. Technological innovations in laminate flooring, addressing environmental concerns and offering sustainable options, further contribute to the positive outlook.
In summary, the US laminate flooring market is poised for growth, with construction activities, innovative product offerings, and sustainability considerations driving market dynamics.
US Laminate Flooring Market Trends
Growing Constructions signifying Growth in United States Laminate Flooring Market
As construction activity rises, there is a corresponding increase in the demand for flooring materials to outfit newly built residential, commercial, and industrial properties. Laminate flooring, known for its durability, affordability, and aesthetic appeal, is a popular choice among consumers and builders alike. The construction of new homes, apartments, offices, retail spaces, and hospitality venues drives the demand for laminate flooring products. Laminate flooring is suitable for various applications, including living rooms, bedrooms, kitchens, hallways, and commercial spaces, making it a versatile option for builders and property owners. In addition to new construction, laminate flooring is also sought after in renovation and remodelling projects. As homeowners and businesses seek to update or improve their properties, laminate flooring offers a cost-effective solution for enhancing aesthetics, durability, and resale value.
Technological Advancements Driving Laminate Flooring Market of United States
Domestic and international manufacturers have capitalized on those technologies to help bring the category to new heights, launching new products and product lines that tout innovation across the board. Technological advances in decoration and size have transformed the laminate floor covering industry in the last few years. Many technological advancements have come to the forefront, yielding a variety of laminate flooring, including smooth, embossed, hand-scraped, and many more, with various levels of gloss.
The production of laminate flooring is becoming more efficient and economical thanks to technological improvements. For instance, improvements in digital printing technology enable more lifelike shapes and textures, giving laminate flooring a closer resemblance to real wood or stone. This has helped laminate flooring become more popular in the United States.
Improvements in laminate flooring production technology have resulted in higher-quality goods. Laminate flooring is a desirable alternative for both residential and commercial flooring because of improvements in durability, water resistance, and scratch resistance made possible by manufacturers.
US Laminate Flooring Industry Overview
The United States laminate flooring market is growing and moderately competitive, with many competitive players dominating the market. New innovations are grabbing the market more powerfully and transforming it with many technological advancements through product innovation and process automation, thus making the United States laminate flooring market very competitive and strong.
The key market players are focusing on improving their production capacity, which will help them increase exports. Multinational chains and their brands, such as Florida Tiles, Armstrong, and others, are widely known, but altogether, the United States laminate flooring groups such as Shaw Industries, Mohawk Industries, and many more after mergers and acquisitions have been focusing on tying up with enhanced technology innovations and offering more platforms for laminate flooring products, thus leading the United States laminate flooring market to new heights and expected to grow throughout the forecasted period.
US Laminate Flooring Market Leaders
Armstrong Flooring Inc
Mohawk Industries Inc
Shaw Industries Group Inc
Mannington Mills Inc
Tarkett SA
*Disclaimer: Major Players sorted in no particular order
US Laminate Flooring Market News
- In January 2023, Midwest Floor Coverings, Inc. and Tarkett, a global leader in creative and environmentally friendly flooring solutions, have announced a new distribution agreement. Midwest Floor Coverings will serve as the company's representative in the Colorado, Idaho, Montana, Utah, and Wyoming markets, offering its commercially resilient product portfolio.
- In July 2023, Florida Tile has launched three new tile collections BlueRun, Canal Street, and Storied
US Laminate Flooring Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of Study
2. RESEARCH METHODOLOGY
3. EXCEUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Installation And Maintenance Simplicity
4.2.2 Growing Residential And Commercial Construction
4.3 Market Restraints
4.3.1 Competition From Alternative Flooring Types
4.4 Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyer/ Consumer
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Product
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on impact of technology and innovation in the Market
4.7 Impact of COVID-19 on the market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 High-Density Fiberboard Laminated Flooring
5.1.2 Medium-Density Fiberboard Laminated Flooring
5.2 By Application
5.2.1 Residential
5.2.2 Commercial
5.2.3 Industrial
5.3 By Distribution Channel
5.3.1 Online
5.3.2 Offline
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Mohawk Industries Inc.
6.1.2 Shaw Industries
6.1.3 Florida Tile Inc.
6.1.4 Tarkett S.A.
6.1.5 Armstrong Flooring Inc
6.1.6 Mannington Mills Inc
6.1.7 Bruce flooring
6.1.8 Kronotex USA
6.1.9 FloorMuffler
6.1.10 Moreland Company USA*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
US Laminate Flooring Industry Segmentation
A laminate floor is a hybrid floor with multi-layer synthetic flooring products attached together with a lamination process. It consists of a particleboard wood base with an image layer and a transparent wear layer.
The United States laminate flooring market is segmented by type, application, and distribution channel. By type, the market is sub-segmented into high-density fiberboard laminated flooring and medium-density fiberboard laminated flooring. By application, the market is sub-segmented into residential, commercial, and industrial. By distribution channel, the market is sub-segmented into online and offline. The report offers market sizes and forecasts in value (USD) for all the above segments.
| By Product | |
| High-Density Fiberboard Laminated Flooring | |
| Medium-Density Fiberboard Laminated Flooring |
| By Application | |
| Residential | |
| Commercial | |
| Industrial |
| By Distribution Channel | |
| Online | |
| Offline |
US Laminate Flooring Market Research FAQs
How big is the US Laminate Flooring Market?
The US Laminate Flooring Market size is expected to reach USD 1.56 billion in 2024 and grow at a CAGR of 13.17% to reach USD 2.9 billion by 2029.
What is the current US Laminate Flooring Market size?
In 2024, the US Laminate Flooring Market size is expected to reach USD 1.56 billion.
Who are the key players in US Laminate Flooring Market?
Armstrong Flooring Inc, Mohawk Industries Inc, Shaw Industries Group Inc, Mannington Mills Inc and Tarkett SA are the major companies operating in the US Laminate Flooring Market.
What years does this US Laminate Flooring Market cover, and what was the market size in 2023?
In 2023, the US Laminate Flooring Market size was estimated at USD 1.35 billion. The report covers the US Laminate Flooring Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the US Laminate Flooring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US Laminate Flooring Industry Report
Statistics for the 2024 US Laminate Flooring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Laminate Flooring analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
