Laminate Flooring Market Report 2024 (Global Edition)

Global Laminate Flooring Market Report 2024 Market Size Split by Type (High-density Fiberboard Laminated Flooring, Medium-density Fiberboard Laminated Flooring), by Application (Residential, Commercia...

Laminate Flooring Market Report Description

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Laminate Flooring Market Insights Video

Competitive Landscape of the Laminate Flooring Market

The laminate flooring market is highly competitive, with a mix of global and regional players vying for market share. Leading companies like Mohawk Industries, Pergo, Tarkett, and Shaw Industries dominate the global market, leveraging extensive distribution networks, strong brand recognition, and continuous innovation to maintain their leadership positions.

In February 2023, Tarkett has collaborated with Dutch design research firm Studio RENS, to launch DESSO X RENS, a range of carpet tiles that can be recycled into a new raw material. (Source: https://www.tarkett-group.com/en/recycling-carpet/) In November 2022, Mohawk Industries, Inc. acquired Elizabeth Coatings (Brazil). With this acquisition, the company became the largest producer of ceramic tiles by revenue in Brazil. (Source: https://www.eliane.com/blog/mohawk-industries-anuncia-a-aquisicao-de-elizabeth-revestimentos-no-brasil?lang=en)

Top Companies Market Share in Laminate Flooring Industry: (In no particular order of Rank)

• Tarkett SA
• Mohawk Industries Inc.
• Shaw Industries Group Inc.
• Armstrong Flooring Inc.
• Beaulieu International
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Laminate Flooring Market

Which Region Dominates the Laminate Flooring Market in 2024?

According to Cognitive Market Research, North America dominates the laminate flooring market due to a combination of factors including high demand for affordable, durable, and aesthetically appealing flooring solutions, particularly in residential and commercial construction sectors. The region's well-established real estate industry, along with renovation and remodeling trends, fuels the demand for laminate flooring.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is the fastest-growing region in the laminate flooring market due to rapid urbanization, industrialization, and the booming construction industry across countries like China, India, and Southeast Asia. Increasing disposable incomes and the rise in middle-class consumers drive demand for cost-effective yet stylish flooring solutions, making laminate flooring a popular choice.

The current report Scope analyzes Laminate Flooring Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Laminate Flooring

According to Cognitive Market Research, the global Laminate Flooring market size was estimated at USD 2965.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 1186.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Laminate Flooring market with a market size of USD 935.82 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. The U.S. market's increasing demand for cost-effective, durable, and aesthetically versatile flooring solutions.
• The Canada Laminate Flooring market had a market share of USD 142.33 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Canada’s increasing demand for cost-effective, durable, and aesthetically versatile flooring solutions.
• The Mexico Laminate Flooring market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 107.93 million in 2024.

Europe Laminate Flooring

According to Cognitive Market Research, the global Laminate Flooring market size was estimated at USD 2965.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 889.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.

• The United Kingdom Laminate Flooring market had a market share of USD 149.45 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. In the UK, Laminate Flooring sales witness an upswing due to the increased urbanization, rising consumer awareness of sustainable building materials.
• The France Laminate Flooring market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 81.84 million in 2024.
• According to Cognitive Market Research, the German Laminate Flooring market size was valued at USD 176.13 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. In Germany, Laminate Flooring surged due to the increased urbanization, rising consumer awareness of sustainable building materials.
• The Italy Laminate Flooring market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD 76.50 million in 2024.
• The Russia Laminate Flooring market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD 137.88 million in 2024.
• The Spain Laminate Flooring market is projected to witness growth at a CAGR of 4.1% during the forecast period with a market size of USD 72.94 million in 2024
• The Luxembourg Laminate Flooring market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD 27.58 million in 2024.
• The Portugal Laminate Flooring market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 18.68 million in 2024.
• The Greece Laminate Flooring market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 10.67 million in 2024.
• The Rest of Europe's Laminate Flooring market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 137.88 million in 2024.

Asia Pacific Laminate Flooring

According to Cognitive Market Research, the global Laminate Flooring market size was estimated at USD 2965.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 682.00 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Laminate Flooring market size was valued at USD 306.90 million in 2024 and is projected to grow at a CAGR of 8.0% during the forecast period. Laminate Flooring surged in China due to urbanization, and increasing investments in residential and commercial infrastructure.
• The Japan Laminate Flooring market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 94.12 million in 2024.
• The India Laminate Flooring market had a market share of USD 81.84 million in 2024 and is projected to grow at a CAGR of 10.3% during the forecast period. India's urbanization, and increasing investments in residential and commercial infrastructure.
• The South Korean Laminate Flooring market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD 68.20 million in 2024.
• The Australian Laminate Flooring market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 35.46 million in 2024.
• The South East Asia Laminate Flooring market is projected to witness growth at a CAGR of 9.5% during the forecast period, with a market size of USD 47.06 million in 2024.
• The Rest of Asia Pacific Laminate Flooring market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 48.42 million in 2024.

South America Laminate Flooring

According to Cognitive Market Research, the global Laminate Flooring market size was estimated at USD 2965.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 148.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Laminate Flooring market size was valued at USD 63.46 million in 2024 and is projected to grow at a CAGR of 6.5% during the forecast period. Laminate Floorings flourished in Brazil due to increasing urbanization, rising disposable incomes.
• Argentina's Laminate Flooring market had a market share of USD 24.91 million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. Argentina's increasing urbanization, rising disposable incomes.
• Colombia Laminate Flooring market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 13.20 million in 2024.
• Peru Laminate Flooring market is projected to witness growth at a CAGR of 6.1% during the forecast period, with a market size of USD 12.16 million in 2024.
• Chile Laminate Flooring market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 10.67 million in 2024.
• The Rest of Latin America's Laminate Flooring market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD 23.87 million in 2024.

Middle East and Africa Laminate Flooring

According to Cognitive Market Research, the global Laminate Flooring market size was estimated at USD 2965.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 59.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031..

• The GCC Countries Laminate Flooring market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 25.38 million in 2024. Laminate Flooring sales flourish due to the growing construction activities.
• The Egypt Laminate Flooring market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 6.23 million in 2024.
• The South Africa Laminate Flooring market is projected to witness growth at a CAGR of 7.2% during the forecast period, with a market size of USD 9.37 million in 2024. Laminate Flooring sales flourished in South Africa due to growing construction activities.
• The Turkey Laminate Flooring market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 5.10 million in 2024.
• The Nigeria Laminate Flooring market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 6.23 million in 2024.
• The Rest of the MEA Laminate Flooring market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 7.00 million in 2024.

Laminate Flooring Market Analysis

Laminate Flooring Market Type Segment Analysis

According to Cognitive Market Research, High-density fiberboard laminated flooring continues to dominate the laminate flooring market due to its exceptional durability and moisture resistance. The robust construction of HDF allows it to withstand heavy foot traffic and impacts, making it ideal for both residential and commercial applications.

Medium-density fiberboard laminated flooring is emerging as the fastest-growing category in the laminate flooring market, driven by its affordability and ease of installation. MDF is lighter than HDF, making it a more manageable option for DIY enthusiasts and professional installers alike. As consumers seek budget-friendly alternatives without compromising aesthetics, MDF laminated flooring offers a diverse range of styles that mimic natural wood.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Laminate Flooring Industry. Request a Free Sample PDF!

Laminate Flooring Market Application Segment Analysis

According to Cognitive Market Research, the residential sector dominates the laminate flooring market due to the growing demand for cost-effective, durable, and visually appealing flooring options in homes. Homeowners prefer laminate flooring because it mimics the look of hardwood at a fraction of the price, making it a popular choice for renovations and new constructions. Its easy installation and low maintenance further contribute to its widespread use in living rooms, bedrooms, and hallways.

The commercial sector is witnessing the fastest growth in the laminate flooring market, primarily driven by its growing adoption in offices, retail spaces, and hospitality establishments. Laminate flooring's resilience to heavy foot traffic and its ease of maintenance make it an attractive option for commercial spaces.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Laminate Flooring Material Segment Analysis

Laminate Flooring Market Material Segment Analysis

According to Cognitive Market Research, Carpet remains the dominant material in the laminate flooring market, primarily due to its widespread use in both residential and commercial spaces for its comfort and sound-absorbing properties. Carpets provide a soft, warm underfoot feel, which is especially favored in living rooms and bedrooms. Their availability in a wide variety of colors, textures, and patterns allows consumers to personalize their spaces, enhancing their appeal.

Rugs are emerging as the fastest-growing category in the laminate flooring market due to their versatility and aesthetic appeal. Unlike carpets, rugs are portable and can be easily changed, allowing homeowners and businesses to refresh the look of a space without a full renovation. The increasing trend of layering rugs over laminate flooring adds both texture and style, making it an attractive option for interior designers.

• Carpet
• Rugs

Laminate Flooring Distribution channel Segment Analysis

Laminate Flooring Market Distribution channel Segment Analysis

According to Cognitive Market Research, Multi-branded stores continue to dominate the laminate flooring market's distribution channels due to their extensive product offerings and ability to cater to a wide customer base. These stores provide consumers with various laminate flooring options from different brands, allowing them to compare prices, quality, and designs in one location.

Online stores are experiencing the fastest growth in the laminate flooring market, driven by the increasing trend of e-commerce and digital convenience. Consumers are increasingly turning to online platforms for their flooring needs due to the ease of browsing through a vast selection of designs and brands from the comfort of their homes. The ability to compare prices, read reviews, and benefit from home delivery services further enhances the appeal of online shopping.

• Multi-branded stores
• Specialty Stores
• Online Stores
• Other Distribution Channels

Author's Detail

David Fuller

Senior Analyst at Cognitive Market Research

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I am working as a Senior Analyst with Cognitive Market Research in the areas of Industry Survey and Market Research/Analytics. I collaborate with CXOs, VPs, and other senior executives to understand their data needs and provide solutions and business strategy building.

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