+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Laminate Flooring - Global Market Trajectory & Analytics

  • ID: 1946764
  • Report
  • February 2022
  • Region: Global
  • 363 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • CLASSEN Group
  • FausFloor
  • Kaindl Flooring GmbH
  • Mohawk Industries, Inc.
  • Shaw Industries, Inc.
  • Tarkett, Inc.

Global Laminate Flooring Market to Reach $22.9 Billion by 2026


Laminate flooring is a synthetic floor covering that has appearance similar to flooring made of wood or stone. A key factor driving the adoption of laminate flooring is its cost-advantage over other types of flooring products that are made of stone, wood, ceramics, and vinyl. Popular laminate products available in the market provide solutions for drying out; insect damage; moisture retention; breakage; warping and rotting. Growth in the global market is also attributed to the development of advanced designs, and easy installation, relative ease in maintenance. High Pressure Laminates (HPL) offer superior quality, long-lasting durability as well as low maintenance costs which optimizes operational efficiency in the long run. Laminate flooring also derives benefits from the product being an eco-friendly flooring option.

Amid the COVID-19 crisis, the global market for Laminate Flooring estimated at US$19.1 Billion in the year 2020, is projected to reach a revised size of US$22.9 Billion by 2026, growing at a CAGR of 3.2% over the analysis period. Residential, one of the segments analyzed in the report, is projected to grow at a 3.3% CAGR to reach US$14.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial segment is readjusted to a revised 2.9% CAGR for the next 7-year period. This segment currently accounts for a 39.7% share of the global Laminate Flooring market. The increase in floor renovation and replacement activities in residential construction is expected to augment demand in residential end-use market. Given its easy cleaning, cost-effective and hypoallergenic characteristics, laminate flooring is finding increased acceptance in commercial sector as well as in institutional buildings such as educational institutes, healthcare facilities, and religious units.



The U.S. Market is Estimated at $5.3 Billion in 2021, While China is Forecast to Reach $4.4 Billion by 2026.


The Laminate Flooring market in the U.S. is estimated at US$5.3 Billion in the year 2021. The country currently accounts for a 27.1% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$4.4 Billion in the year 2026 trailing a CAGR of 5% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.9% and 2.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.4% CAGR while Rest of European market (as defined in the study) will reach US$4.6 Billion by the end of the analysis period. In the developed regions, demand continues to emerge in new constructions as well as flooring replacement and renovation programs. Uptrend in construction and industrial activity, inclination towards easy-to-install, low-maintenance, and low-weight building solutions, and adoption of new building codes are primary factors steering the demand for laminate flooring in the developed world. Technology advancements, improved moisture resistance capabilities, and development of glueless laminates have contributed considerably to interests in laminate flooring products in the developed regions. Industrialization, urbanization, and changing lifestyle trends are some of the major factors driving growth in the developing regions. Increase in building construction spending and rising income levels of population is expected to bode well for market growth.

Select Competitors (Total 110 Featured) -

  • Beaulieu International Group
  • CLASSEN Group
  • Daiken Corporation
  • Der International Flooring Co., Ltd.
  • FausFloor
  • Home Legend, LLC
  • Kaindl Flooring GmbH
  • Mannington Mills, Inc.
  • Mohawk Industries, Inc.
  • Robina Flooring Sdn Bhd
  • Shaw Industries, Inc.
  • SWISS KRONO Group
  • Tarkett, Inc.
  • Wickes.
Frequently Asked Questions about the Global Market for Laminate Flooring

What is the estimated value of the Global Market for Laminate Flooring?

The Global Market for Laminate Flooring was estimated to be valued at $19.1 Billion in 2020.

What is the growth rate of the Global Market for Laminate Flooring?

The growth rate of the Global Market for Laminate Flooring is 3.1%, with an estimated value of $22.9 Billion by 2026.

What is the forecasted size of the Global Market for Laminate Flooring?

The Global Market for Laminate Flooring is estimated to be worth $22.9 Billion by 2026.

Who are the key companies in the Global Market for Laminate Flooring?

Key companies in the Global Market for Laminate Flooring include Beaulieu International Group, CLASSEN Group, Daiken Corporation, Der International Flooring Co., Ltd., FausFloor, Home Legend, LLC, Kaindl Flooring GmbH, Mannington Mills, Inc. and Robina Flooring Sdn Bhd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • CLASSEN Group
  • FausFloor
  • Kaindl Flooring GmbH
  • Mohawk Industries, Inc.
  • Shaw Industries, Inc.
  • Tarkett, Inc.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Laminate Flooring: An Insight
  • History and Development
  • The Manufacturing Process
  • Durability Testing
  • Installation and Maintenance
  • Preferred Attributes in Laminate Flooring
  • Raw Materials Overview
  • Applications of Laminate Flooring
  • Decorative Laminates: A Bold New Direction in Decorative Surfaces
  • A Prelude to Laminate Flooring
  • Laminate Flooring: Current Market Scenario and Outlook
  • Growth Drivers for Laminate Flooring Market: On a Scale of 1 - 10 (10 - High Impact; 1 - Low Impact)
  • Growth Dampeners for Laminate Flooring Market: On a Scale of 1 - 10 (10 - High Impact; 1 - Low Impact)
  • Laminate Flooring Evolves into a Niche Segment within the Thriving World Flooring Industry
  • New Flooring Trends Revive Optimism in the World Flooring Market
  • World Flooring Market by Geographic Region (2019): Percentage Breakdown of Volume Sales for Asia-Pacific, North America, Western Europe and Rest of World
  • World Flooring Market by Type (2019): Percentage Breakdown of Volume Sales for Carpet and Rugs, Ceramic and Stone, Laminate, Resilient and Wood Flooring
  • Global Market for Hard Surface Floorings (2019): Percentage Breakdown by Flooring Types - Vinyl, Ceramic Tiles, Laminates, Hardwood and Others
  • As a Cost-Effective, Easy-to-Install and Low-Maintenance Alternative, Laminate Flooring Continues to Widen Footprint
  • Cost Comparison on Various Types of Flooring
  • While Developing Regions Evolve into Core Markets, Developed Regions Remain Major Revenue Contributors
  • World Laminate Flooring Market (2019 & 2025): Percentage Breakdown of Revenues for Developed and Developing Regions
  • World Laminate Flooring Market - Geographic Regions Ranked by CAGR (Value Sales) for 2018-2025: China, Asia-Pacific, USA, Middle East, Latin America, Africa, Canada, Europe, and Japan
  • Economic Scenario and its Impact on Laminate Flooring Market
  • Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2020
  • Competitive Scenario
  • Leading Players in the Laminate Flooring Market
  • R&D Remains Major Business Strategy for Manufacturers
  • A Look into Retail Landscape
  • Laminate Flooring: Recent Corporate Activity
  • Laminate Flooring - Global Key Competitors Percentage Market Share in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

  • Beaulieu International Group (Belgium)
  • CLASSEN Group (Germany)
  • Daiken Corporation (Japan)
  • Der International Flooring Co., Ltd. (China)
  • FausFloor (USA)
  • Home Legend, LLC (USA)
  • Kaindl Flooring GmbH (Austria)
  • Mannington Mills, Inc. (USA)
  • Mohawk Industries, Inc. (USA)
  • Pergo (USA)
  • Robina Flooring Sdn Bhd (Malaysia)
  • Shaw Industries, Inc. (USA)
  • SWISS KRONO Group (Switzerland)
  • Tarkett, Inc. (USA)
  • Wickes (UK)

3. MARKET TRENDS & DRIVERS

  • Healthy Trajectory in World Construction Industry Instigates Broad-based Opportunities for Laminate Flooring Market
  • Modest Growth in Non-residential Construction Shapes Revenue Opportunities
  • Renovation and Replacement Activities in Residential Sector Unfurl Lucrative Growth Opportunities
  • Global Construction Spending (In US$ Billion) for the Years 2019, 2022, and 2025
  • Growing Image of Laminate Flooring as Substitute to Wood Flooring Widens Market Prospects
  • Digital Printing Comes to the Fore to Improve Quality & Durability of Laminate Flooring
  • Replacement Market Lifts Demand
  • High Pressure Laminates Preferred Over Low Pressure Counterparts
  • Laminate Gains Traction in Kitchen Flooring
  • Wood-like Designs Preferred for Laminates
  • Global Laminate Product Designs (2019): Percentage Breakdown by Design - Wood Design and Tile Design
  • Non Wood Laminates Gain Popularity for Apartment Flooring
  • A Peek into Latest Fads in Laminate Flooring Market
  • Go Green: The New Mantra of Laminate Flooring Manufacturers
  • Natural and Environmentally Friendly Themes Grow in Prominence
  • Innovative Technologies Accelerate Demand for Laminate Flooring
  • Demand for Fashionable Interiors Bodes Well for Laminate Flooring Market
  • Anti-Bacterial Laminates Enhance Hygiene Aspects of Flooring Materials
  • Mohawk Laminate: Enabling Consumers to Choose Realistic Flooring
  • Issues & Challenges for Laminate Flooring Market
  • Rising Competition from Wood Fibre & Other Flooring Categories
  • Laminate Floorings & Noise Resonance: A Weighty Acoustical Issue

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Floor Coverings Market: An Overview
  • US Flooring Market by Flooring Type (In Value %): 2020
  • US Floor Covering Market (2020): Percentage Breakdown of Sales by Distribution Channel
  • Laminate Flooring Market
  • Laminate Floorings in the US (2000 - 2010): A Historic Time Line of Milestones
  • US Market for Laminate Flooring in Commercial Sector (2019): Percentage Breakdown of Volume Sales for Laminate Flooring Usage in Education/Institution, Healthcare, Offices, Retail and Other Sectors
  • US Market for Laminate Flooring in Residential Sector (2019): Percentage Breakdown of Laminate Flooring Consumption by Application Area for Bathroom, Bedroom, Dining Room, Entry/Hall, Kitchen, Living Room and Other Areas
  • Price Erosion: A Temporary Phenomenon?
  • Laminate Flooring Holds Ground amid Tough Market Conditions
  • Popular Trends Defining the US Laminate Floorings Market
  • Innovative Products and Branding: Need of the Hour
  • Competitive Scenario
  • Intense Competition Drives Focus onto Product Design Innovations

CANADA

  • Healthy Economic Landscape Establishes Canada as a Lucrative Market
  • Canadian Housing Sector: An Overview
  • Canadian Housing Market (2010-2019): Housing Starts in '000 Units
  • Hard Surface Flooring Gaining Traction
  • Floor Coverings Market in Canada by Type (In %): 2020

JAPAN

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Outlook
  • Regulatory Frameworks

CHINA

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Floor Covering Market in China: An Overview
  • Floor Coverings Volume Market in China (% Share): 2020
  • An Insight into Laminate Flooring Market in China
  • Rapid Urbanization in China to Boost Demand for Laminate Flooring
  • Urbanization in China (2011-2020): Percentage Share of Total Population Living in Cities

EUROPE

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Europe Continues to Offer Robust Opportunities to Laminate Flooring Products
  • Structure of Wood based Flooring Market in Europe
  • European Flooring Market by Type (In Volume %): 2020
  • A Peek at Latest Trends in Laminate Flooring Designs
  • Wood-like Laminates Find Favor in Europe
  • Intense Competition and Overcapacity: Key Issues Confronting European Manufacturers
  • Stringent Regulatory Norms Typify European Manufacturing

FRANCE

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Germany Continues to Lead

ITALY

UNITED KINGDOM

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Floor Coverings Market: An Overview
  • UK Value Market for Floor Coverings (% Share): 2020
  • Replacement Intervals for Floor Covering Types in the UK
  • An Insight into Laminate Flooring Market

SPAIN

RUSSIA

  • Market Outlook

REST OF EUROPE

  • Turkish Market

ASIA-PACIFIC

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
  • Urbanization Rate in Asia-Pacific (2018-2048): Percentage Share of Total Population Living in Cities
  • Flooring Market: Wood and Laminate Catching Up with Ceramic and Carpet
  • Asia-Pacific Volume Market for Flooring by Type (% Share): 2020

AUSTRALIA

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Untapped Rural and Underpenetrated Urban Markets Drive Strong Growth in Demand
  • Major Growth Drivers Summarized
  • Increasing Residential Construction Drive Strong Market Demand
  • Spurt in Residential and Commercial Construction in Tier-2 and Tier-3 Cities
  • New Greenfield Urban Cities to Drive Market Demand
  • Percentage Share Breakdown of Indian Households by Income Group (2018 & 2025)
  • Urbanization in India (2011-2020): Urban Population as a Percentage of Total Population
  • Hardwood and Laminate Flooring Dominate Indian Flooring Industry
  • Growth Drivers Propelling the Laminate Flooring Market
  • Hospitality Industry Chooses Laminate Flooring

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
  • Favorable Outlook for the Construction Industry Promote Market Demand
  • Flooring Market: Increasing Penetration of Wood and Laminate
  • Latin American Volume Market for Flooring by Type (% Share): 2020

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
  • Large Number of Construction Projects Propel Market Demand in the Middle East

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Laminate Flooring Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 110
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Beaulieu International Group
  • CLASSEN Group
  • Daiken Corporation
  • Der International Flooring Co., Ltd.
  • FausFloor
  • Home Legend, LLC
  • Kaindl Flooring GmbH
  • Mannington Mills, Inc.
  • Mohawk Industries, Inc.
  • Robina Flooring Sdn Bhd
  • Shaw Industries, Inc.
  • SWISS KRONO Group
  • Tarkett, Inc.
  • Wickes.
Note: Product cover images may vary from those shown