PUBLISHER: Lucintel | PRODUCT CODE: 1416393
PUBLISHER: Lucintel | PRODUCT CODE: 1416393
Laminate Flooring Trends and Forecast
The future of the global laminate flooring market looks promising with opportunities in the residential, commercial, and industrial markets. The global laminate flooring market is expected to grow with a CAGR of 3.7% from 2024 to 2030. The major drivers for this market are growth for home decoration and consumer lifestyles, growing demand for eco-friendly flooring options, and increasing awareness of the benefits of laminate flooring.
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Laminate Flooring by Segment
The study includes a forecast for the global laminate flooring by type, application, material, and region.
Laminate Flooring Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Laminate Flooring Market by Application [Shipment Analysis by Value from 2018 to 2030]:
Laminate Flooring Market by Material [Shipment Analysis by Value from 2018 to 2030]:
Laminate Flooring Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Laminate Flooring Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies laminate flooring companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the laminate flooring companies profiled in this report include-
Laminate Flooring Market Insights
Lucintel forecasts that medium-density fiberboard laminated flooring is expected to witness highest growth over the forecast period due to their cost-effectiveness and smooth and uniform surface allowing a seamless finish and improving the visual appearance.
Within this market, commercial will remain the largest segment due to higher adaptation in hotels, showrooms, and retail stores..
APAC is expected to witness highest growth over the forecast period due to rapid urbanization and government initiatives.
Features of the Global Laminate Flooring Market
Market Size Estimates: Laminate flooring market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Laminate flooring market size by type, application, material, and region in terms of value ($B).
Regional Analysis: Laminate flooring market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, material, and regions for the laminate flooring market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the laminate flooring market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the growth forecast for laminate flooring market?
Answer: The global laminate flooring market is expected to grow with a CAGR of 3.7% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the laminate flooring market?
Answer: The major drivers for this market are growth for home decoration and consumer lifestyles, growing demand for eco-friendly flooring options and increasing awareness of the benefits of laminate flooring.
Q3. What are the major segments for laminate flooring market?
Answer: The future of the laminate flooring market looks promising with opportunities in the residential, commercial, and industrial markets.
Q4. Who are the key laminate flooring market companies?
Answer: Some of the key laminate flooring companies are as follows:
Q5. Which laminate flooring market segment will be the largest in future?
Answer: Lucintel forecasts that medium-density fiberboard laminated flooring is expected to witness highest growth over the forecast period due to their cost-effectiveness and smooth and uniform surface allowing a seamless finish and improving the visual appearance.
Q6. In laminate flooring market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid urbanization and government initiatives.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.