Growing Image of Laminate Flooring as Substitute to Wood Flooring Widens Market Prospects

Growing Image of Laminate Flooring as Substitute to Wood Flooring Widens Market Prospects
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Global Market for Laminate Flooring

Global Market for Laminate Flooring

Global Market for Laminate Flooring

Dublin, April 13, 2023 (GLOBE NEWSWIRE) — The “Laminate Flooring: Global Strategic Business Report” report has been added to’s offering.

The global market for Laminate Flooring estimated at US$19.3 Billion in the year 2022, is projected to reach a revised size of US$25.1 Billion by 2030, growing at a CAGR of 3.3{ec3984a59f336e74413ebe8cd0979a3fa414de3884cb1e2a06779d998b58dc95} over the analysis period 2022-2030.

Residential, one of the segments analyzed in the report, is projected to record 3.5{ec3984a59f336e74413ebe8cd0979a3fa414de3884cb1e2a06779d998b58dc95} CAGR and reach US$16.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Commercial segment is readjusted to a revised 3.1{ec3984a59f336e74413ebe8cd0979a3fa414de3884cb1e2a06779d998b58dc95} CAGR for the next 8-year period.

The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 4.2{ec3984a59f336e74413ebe8cd0979a3fa414de3884cb1e2a06779d998b58dc95} CAGR

The Laminate Flooring market in the U.S. is estimated at US$4.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$5 Billion by the year 2030 trailing a CAGR of 4.2{ec3984a59f336e74413ebe8cd0979a3fa414de3884cb1e2a06779d998b58dc95} over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4{ec3984a59f336e74413ebe8cd0979a3fa414de3884cb1e2a06779d998b58dc95} and 2.4{ec3984a59f336e74413ebe8cd0979a3fa414de3884cb1e2a06779d998b58dc95} respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.2{ec3984a59f336e74413ebe8cd0979a3fa414de3884cb1e2a06779d998b58dc95} CAGR.

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.


  • Tarkett, Inc.

  • Wickes.

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.

  • Global competitiveness and key competitor percentage market shares

  • Market presence across multiple geographies – Strong/Active/Niche/Trivial

  • Online interactive peer-to-peer collaborative bespoke updates

  • Access to digital archives and Research Platform

  • Complimentary updates for one year

Key Attributes:

Report Attribute


No. of Pages


Forecast Period

2022 – 2030

Estimated Market Value (USD) in 2022

$19.3 Billion

Forecasted Market Value (USD) by 2030

$25.1 Billion

Compound Annual Growth Rate


Regions Covered


Key Topics Covered:




  • 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 {ec3984a59f336e74413ebe8cd0979a3fa414de3884cb1e2a06779d998b58dc95} 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)



  • 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




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