Laminate Flooring Market Report: Trends, Forecast and Competitive Analysis to 2030

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.

A more than 150-page report is developed to help in your business decisions.

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]:

• High-Density Fiberboard Laminated Flooring
• Medium-Density Fiberboard Laminated Flooring

Laminate Flooring Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• Industrial

Laminate Flooring Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Carpet
• Rugs

Laminate Flooring Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

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-

• Forbo
• Mohawk Industries
• Beaulieu Interantional
• Gerflor
• AFI Licensing
• Tarkett
• Armstrong Flooring

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:

• Forbo
• Mohawk Industries
• Beaulieu Interantional
• Gerflor
• AFI Licensing
• Tarkett
• Armstrong Flooring

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.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the laminate flooring market by type (high-density fiberboard laminated flooring and medium-density fiberboard laminated flooring), application (residential, commercial, and industrial), material (carpet and rugs), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?