Laminate Flooring Market Industry Dynamics, Share and Growth Forecast 2032

The global laminate flooring market size is set to experience dynamic growth in the upcoming years owing to the increasing number of residential buildings across the world, observes Fortune Business Insights™ in its report, titled “Laminate Flooring Market, 2025-2032”. Laminate flooring is a multi-layered product manufactured through the lamination process. Its top surface, typically made of melamine and aluminum oxide, provides durability with resistance to scratches and moisture. Owing to its easy installation and low maintenance, laminate flooring has gained significant popularity in modern construction. Moreover, the rising volume of commercial construction projects worldwide is expected to drive the growth of the global laminate flooring market.

Over the years, there has been a surging growth in the number of residential and commercial buildings across the world due to the increasing initiatives undertaken by the governments of various countries for the development of construction industry. This has resulted in a high demand for laminate flooring across several regions, which is projected to propel the growth of this market during the forecast period.

However, the change in price and the availability of raw materials is projected to hinder the growth of this market.

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Key Players Covered:

The global & regional players operating in the laminate flooring market includes, Tarkett SA, Mohawk Industries Inc., Shaw Industries Group Inc. Armstrong Flooring Inc., Beaulieu International Group

Market Segmentation:

On the basis of type, this market is classified into high-density fiberboard laminated flooring and medium-density fiberboard laminated flooring. Based on application, the market is divided into residential, commercial, and industrial. In terms of geography, the market is clubbed into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

A wide range of commercial spaces—such as hotels, cafes, theaters, galleries, sports stadiums, and boardrooms—are increasingly adopting laminate flooring due to its cost-effectiveness, low maintenance needs, and ability to endure heavy foot traffic. Growing construction projects across various countries are expected to create new opportunities for market expansion in the coming years. However, fluctuations in raw material prices and limited availability remain major challenges for laminate flooring manufacturers, posing obstacles to overall market growth.

Highlights/Summary:

The report provides an exhaustive assessment of each market segment and also offers an in-depth analysis of the market drivers, trends, opportunities, and hindrances. Furthermore, the report contains a granular examination of the regional developments impacting the market, along with a thorough evaluation of the top market players and their key strategies.

Drivers/Restraints:

Rising Number of Hotels and Cafes across the World to Fuel the Market

With the growing number of hotels, cafes, and theatres around the world, there has been a rising demand for laminate flooring that is cost-efficient and can provide attractive look to the interiors of the hotel or café. Further, the laminate flooring requires less maintenance and also possesses the ability to withstand heavy traffic. Thus, this is a major factor responsible for the growth of this market across several regions.

Regional Insights:

Increasing Urbanization Rate to Boost the Asia Pacific Market Growth

The Asia Pacific region is projected to witness substantial growth in the laminate flooring market share on account of the rising urbanization rate and growing construction sector in the countries such as India, China, Japan, and others.

Europe is anticipated to grow steadily in this market owing to the increasing number of laminate flooring manufacturing companies in the countries such as the UK, Germany, France, and others.

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Competitive Landscape:

Rising Investments by Key Players to Animate Competition

The leading companies in the laminate flooring market are focusing on increasing their investments for the manufacturing of laminate flooring due to a high demand for such flooring from the construction industry. This has resulted in the increasing competition among key companies which will help them to expand their product portfolio and widen their market footprint.

Laminate Flooring Industry Developments

• In January 2018, Tarkett invested USD 85.9 million to expand its Luxury Vinyl Tiles production capacity in Europe and North America. This investment was done to meet the increasing demand for modular vinyl flooring in these regions 

• In November 2017, Mohawk Industries purchased the Godfrey Hirst Group (Australia),  largest manufacturer of carpets, with the goal of expanding its overseas operations. This aquisition helped Godfrey Hirst's production, marketing and distribution leadership to complement Mohawk's existing distribution and product range.