Laminate Flooring

Global Laminate Flooring Market to Reach US$25.1 Billion by 2030

The global market for Laminate Flooring estimated at US$20.7 Billion in the year 2024, is expected to reach US$25.1 Billion by 2030, growing at a CAGR of 3.3% over the analysis period 2024-2030. Residential, one of the segments analyzed in the report, is expected to record a 3.4% CAGR and reach US$16.2 Billion by the end of the analysis period. Growth in the Commercial segment is estimated at 3.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$4.7 Billion While China is Forecast to Grow at 4.1% CAGR

The Laminate Flooring market in the U.S. is estimated at US$4.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.0 Billion by the year 2030 trailing a CAGR of 4.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.3% and 2.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.2% CAGR.

Global Laminate Flooring Market - Key Trends & Drivers Summarized

Laminate flooring, a popular choice among homeowners and commercial developers, is renowned for its durability, cost-effectiveness, and aesthetic versatility. Constructed from multiple layers that include a moisture-resistant base, a high-density fiberboard core, a decorative photographic layer, and a tough protective overlay, laminate flooring is designed to mimic the appearance of natural wood, stone, or ceramic tiles. This synthetic flooring product is particularly favored for its ease of installation and maintenance, resistance to stains, scratches, and fading, making it ideal for high-traffic areas and environments subject to wear and tear. Unlike hardwood, laminate flooring offers a more budget-friendly option without sacrificing the visual appeal, available in a wide range of styles, colors, and patterns to suit various interior design themes.

Technological advancements have significantly enhanced the quality and appeal of laminate flooring. Modern manufacturing techniques have improved the realism of the photographic applique layer, allowing for deeper textures and more accurate replication of natural materials. Innovations such as click-lock installation systems have also simplified the process, making laminate flooring a popular choice for DIY enthusiasts. Additionally, environmental concerns have guided the development of more sustainable laminate options. Many manufacturers now use recycled materials in the core layer and have improved the production process to reduce volatile organic compounds (VOCs) emissions, aligning product offerings with greener building standards and certifications. The adaptability of laminate flooring to incorporate underfloor heating systems further enhances its attractiveness to modern consumers looking for comfort and efficiency in their flooring solutions.

The growth in the laminate flooring market is driven by several factors, including the increasing demand for durable and aesthetically pleasing low-maintenance flooring solutions in both residential and commercial sectors. As urbanization continues and the global middle class expands, there is a significant increase in housing construction and renovation projects, which in turn fuels the demand for laminate flooring. Technological innovations that offer better wear layers and more realistic designs at lower costs also contribute to market expansion. Additionally, consumer behavior is increasingly influenced by environmental sustainability, prompting a shift towards eco-friendly building materials, which laminate flooring can accommodate through the use of recycled materials and sustainable practices. The growing trend of online retailing and the availability of extensive product ranges online also facilitate the accessibility and popularity of laminate flooring, allowing consumers more freedom to choose products that match their style and functional needs. Together, these factors ensure a vibrant and growing market for laminate flooring, making it a key player in the global flooring industry.

SCOPE OF STUDY:

The report analyzes the Laminate Flooring market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
End-Use (Residential, and Commercial)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 110 Featured) -

• Mohawk Industries, Inc.
• Kronospan LLC
• Beaulieu International Group
• Eucatex SA Industria e Comercio
• Bestlaminate, Inc.
• HOMAG Group AG
• M. Kaindl KG, Kaindl Flooring GmbH
• Abet Laminati SpA
• Kastamonu Entegre AS
• Kronospan Ltd.
• East Valley Floors, Inc.
• Flooring365
• Floormania
• Get Floors
• London Flooring Supplies Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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