Laminate Flooring Market Analysis | Industry Growth Report 2023-2028

Published April 25, 2023

The global laminate flooring market size reached 1,049 Million Sq. Metres in 2022. Looking forward, IMARC Group expects the market to reach 1,252 Million Sq. Metres by 2028, exhibiting a growth rate (CAGR) of 2.9% during 2023-2028, according to the latest research report by IMARC Group.

Laminate flooring consists of multiple layers of materials, such as fiberboard and melamine resin, merged using high pressure and heat. It is inexpensive, easy to install, and requires lower maintenance. It is also more cost-effective, durable, and moisture resistant as compared to traditional hardwood floorings. At present, it is gaining traction as an alternative to stone, tile, and wood across the globe.

Laminate Flooring Market Trends:

Rapid urbanization and increasing construction and renovation activities represent one of the key factors positively influencing the market across the globe. In addition, rising standards of living are catalyzing the demand for modern finishes in flooring that looks and feels more like real wood. This, coupled with advancements in design and printing technologies, is offering lucrative growth opportunities to key market players.

Apart from this, the increasing traction of laminate flooring in commercial spaces, such as office and retail stores, on account of its ability to withstand high foot traffic, scratch and dent resistance, and fading is bolstering the market growth. Moreover, the introduction of water-resistant options for bathrooms and kitchens that resist damage from spills and moisture is fueling the market growth. Furthermore, the increasing affordability and easy accessibility of laminate flooring through online and offline distribution channels are stimulating the growth of the market worldwide.

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Global Laminate Flooring Market Report Coverage and Industry Segmentation:

The report cover the below key market segments:

Market Breakup by Type:

    • HDF Laminates
    • MDF Laminates

Market Breakup by Sector:

    • Residential
    • Commercial

Regional Insights:

    • Asia Pacific
    • North America
    • Europe
    • Latin America
    • Middle East and Africa

Competitive Scenario with Key Players:

The competitive landscape of the market has also been analyzed, with some of the laminate flooring manufacturers being

    • Mohawk Industries, Inc.
    • Tarkett SA
    • Armstrong World Industries, Inc.
    • Shaw Industries, Inc.
    • Mannington Mills, Inc.
    • Beaulieu International Group