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India Wood and Laminate Flooring Market Size, Share & Trends Analysis Report by Product (Wood, Laminate), by Application (Commercial, Residential), and Segment Forecasts, 2022-2030

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    Report

  • 81 Pages
  • August 2022
  • Region: India
  • Grand View Research
  • ID: 5004003
The India wood and laminate flooring market size is expected to reach USD 113.1 million by 2030 according to this report. The market is anticipated to expand at a CAGR of 4.4% from 2022 to 2030. It is anticipated to be driven on account of urbanization, rising disposable income of people, and demand for premium construction materials for décor purposes, especially in the residential and commercial sectors.

India’s wood and laminate flooring industry is very lucrative, as the industry is characterized by new technologies, materials, and innovative products. Wood and laminate flooring are likely to observe growing demand as project scales in commercial and residential construction have increased dramatically. The demand for the market is further likely to be supported by the growing middle class and rising income levels, and expansion of the housing sector in metro cities on account of growth in service industries such as IT, telecom, and finance.

Technological developments have benefited the growth of the wood and laminate flooring market, which has enhanced design and performance potential. Wood flooring manufacturing companies are developing alternative core materials and advanced technologies that provide water resistance with a combination of aesthetics. In laminate flooring, advancements in fiberboard core have benefited in durability, stability, and higher resistance in a flooring application.

Players operating in the Indian wood and laminate flooring market compete largely based on product quality, customer service, and product pricing. However, product quality is considered the fundamental competing element by players. Customer service is seen to be the most influential aspect for the players to maintain the competition. To meet the growing demand for wood and laminate flooring, prominent companies in the country are working on creating a robust distribution network.

With the rising penetration of these products and the entry of global companies, the wood and laminate floor market is likely to witness fierce competition over the coming years. Existing competitors in the market of tiles, ceramics, and stones, have a broad sales channel and a thorough awareness of consumer preferences. These companies, together with major international competitors, can penetrate the market in India.

India Wood And Laminate Flooring Market Report Highlights

  • Laminate flooring held the largest revenue share of 63.2% in 2021. It is expected to expand to register a CAGR of 4.6% over the forecast period. Laminate flooring is stain resistant and is less expensive, more durable, offers better resistance to scratches and wear & tear, and is easier to clean compared to wood. The preference for laminate flooring is growing in India on account of its economic cost and appearance similar to wood
  • The demand for wood and laminate flooring was hampered owing to the outbreak of COVID-19. During the pandemic, several players employed new and innovative ideas to steer consumer demand amid the economic slowdown. Companies have also started offering advanced design solutions for commercial spaces post-covid as the workforce is returning to the office setup
  • The industry is unorganized and accounts for a small portion of the overall market. However, with the rising penetration of these products and the entry of global companies, the industry is likely to witness fierce competition over the coming year. To meet the growing demand, prominent companies in the country are working on creating a robust distribution network
  • Residential application has dominated the market in 2021 and is expected to reach USD 1.8 billion by 2030 in terms of revenue owing to an increasing rate of urbanization is likely to expand the residential construction industry, which, in turn, is expected to drive the demand for the market. Residential construction in cities such as Mumbai, Bangalore, Delhi, Chennai, Pune, and Hyderabad is likely to observe a growing demand

Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources
1.3.4. Third - Party Perspectives
1.3.5. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. List of data sources
Chapter 2. Executive Summary
2.1. Segmental Outlook
2.2. Competitive Insights
Chapter 3. India Wood and Laminate Flooring Market Variables, Trends & Scope
3.1. Market Segmentation & Scope
3.2. Value Chain Analysis
3.3. Technology Overview
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.1.1. Growth In Construction Of Premium Building Spaces
3.5.1.2. Low Maintenance, Easy Installation, And Appealing Interiors
3.5.2. Market Restraint Analysis
3.5.2.1. Rising environmental concerns
3.5.3. Market Opportunities
3.5.4. Market Challenges
3.6. PESTEL Analysis
3.6.1. Political
3.6.2. Economic
3.6.3. Social
3.6.4. Technological
3.6.5. Environmental
3.6.6. Legal
3.7. Porter’s Analysis
3.7.1. Competitive Rivalry
3.7.2. Supplier Power
3.7.3. Buyer Power
3.7.4. Threat of Substitute
3.7.5. Threat of New Entrants
3.8. Case studies
3.8.1. Installation of engineered wood flooring at Appaswamy Real Estates Ltd
3.8.2. Installation of laminate flooring at Ashok Leyland’s office
Chapter 4. India Wood and Laminate Flooring Market: Product Estimates & Trend Analysis
4.1. India Wood and Laminate Flooring Market: Product Movement Analysis, 2021 & 2030
4.2. Wood Floor
4.2.1. India wood flooring market estimates and forecasts, 2017 - 2030 (Million Square Meters) (USD Million)
4.3. Laminate Floor
4.3.1. India laminate flooring market estimates and forecasts, 2017 - 2030 (Million Square Meters) (USD Million)
Chapter 5. India Wood and Laminate Flooring Market: Application Estimates & Trend Analysis
5.1. India Wood and Laminate Market: Application Movement Analysis, 2021 & 2030
5.2. Residential
5.2.1. Market estimates and forecasts, in Residential application, 2017 - 2030 (Million Square Meters) (USD Million)
5.3. Commercial
5.3.1. Market estimates and forecasts, in Commercial application, 2017 - 2030 (Million Square Meters) (USD Million)
5.4. Industrial
5.4.1. Market estimates and forecasts, in Industrial application, 2017 - 2030 (Million Square Meters) (USD Million)
Chapter 6. Competitive Landscape
6.1. Recent developments & impact analysis, by key market participants
6.2. Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
6.3. Vendor Landscape
6.3.1. Company Market Positioning
6.3.2. List of Key emerging companies’/technology disruptors/innovators
Chapter 7. Company Profiles
7.1. Armstrong World Industries Inc.
7.1.1. Company Overview
7.1.2. Financial Performance
7.1.3. Product Benchmarking
7.2. Greenlam Industries Ltd.
7.2.1. Company Overview
7.2.2. Financial Performance
7.2.3. Product Benchmarking
7.3. Notion Flooring
7.3.1. Company Overview
7.3.2. Product Benchmarking
7.4. Quick - Step Flooring
7.4.1. Company Overview
7.4.2. Product Benchmarking
7.5. Surfaces India Flooring Pvt. Ltd.
7.5.1. Company Overview
7.5.2. Product Benchmarking
7.6. Westwood Flooring
7.6.1. Company Overview
7.6.2. Product Benchmarking
7.7. Avant Flooring
7.7.1. Company Overview
7.8. Parkay Floors
7.8.1. Company Overview
7.8.2. Product Benchmarking
7.9. EGO Flooring Private Limited
7.9.1. Company Overview
7.9.2. Product Benchmarking
7.10. Accord Floors
7.10.1. Company Overview
7.10.2. Product Benchmarking
7.11. Eurotex Wood Pvt. Ltd.
7.11.1. Company Overview
7.11.2. Product Benchmarking
7.12. Pergo
7.12.1. Company Overview
7.12.2. Product Benchmarking
7.13. WoodFloorsIndia
7.13.1. Company Overview
7.13.2. Product Benchmarking
7.14. Red Floor India
7.14.1. Company Overview
7.14.2. Product Benchmarking
7.15. EGGER Group
7.15.1. Company Overview
7.15.2. Product Benchmarking
List of Tables
Table 1 India wood flooring market estimates and forecasts, 2017 - 2030 (Million Square Meters) (USD Million)
Table 2 India laminate flooring market estimates and forecasts, 2017 - 2030 (Million Square Meters) (USD Million)
Table 3 India wood and laminate flooring market estimates and forecasts, in residential application, 2017 - 2030 (Million Square Meters) (USD Million)
Table 4 India wood and laminate flooring market estimates and forecasts, in commercial application, 2017 - 2030 (Million Square Meters) (USD Million)
Table 5 India wood and laminate flooring market estimates and forecasts, in industrial application, 2017 - 2030 (Million Square Meters) (USD Million)
List of Figures
FIG. 1 Information Procurement
Fig. 2 Primary Research Pattern
Fig. 3 Primary Research Process
Fig. 4 Market research approaches - Bottom-Up Approach
Fig. 5 Market research approaches - Top Down Approach
Fig. 6 Market research approaches - Combined Approach
Fig. 7 Segmental Outlook
Fig. 8 Competitive Outlook
Fig. 9 Market Segmentation & Scope
Fig. 10 Market Dynamics
Fig. 11 Market Driver Impact Analysis
Fig. 12 India Wood and Laminate Flooring Market: Product Movement Analysis: 2021 & 2030
Fig. 13 India Wood and Laminate Flooring Market: Application Movement Analysis: 2021 & 2030
Fig. 14 Competition Categorization

Companies Mentioned

  • Armstrong World Industries Inc.
  • Greenlam Industries Ltd.
  • Notion Flooring
  • Quick - Step Flooring
  • Surfaces India Flooring Pvt. Ltd.
  • Westwood Flooring
  • Avant Flooring
  • Parkay Floors
  • EGO Flooring Private Limited
  • Accord Floors
  • Eurotex Wood Pvt. Ltd.
  • Pergo
  • WoodFloorsIndia
  • Red Floor India
  • EGGER Group

Methodology

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Table Information