Laminate Flooring Market Share, Size, Growth, Demand and Forecast Till 2024: IMARC Group

Global Laminate Flooring Market Share, Trends and Forecast Till 2024

Copyright © IMARC Service Pvt Ltd. All Rights Reserved

About IMARC Group

Report Description

IMARC is a leading advisor on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations.

Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Report Description and Highlights

Report Description

Laminate Flooring Market Report By Key Types (HDF Laminates and MDF Laminates), Sector (Soft & Elastic Braces & Supports, Hinged Braces & Supports and Hard & Rigid Braces & Supports), Region The global laminate flooring market has experienced a steady growth over the past few years. This can be accredited to the rising urbanisation along with the technological developments and introduction of innovative product designs by the manufacturers.

Market Overview: Laminate flooring refers to a durable and versatile flooring solution made of melamine resin and fibreboard materials. It is composed of four layers, namely wear layer, design layer, core layer and back layer, which are fused together using intense heat and pressure. Laminate flooring is relatively inexpensive as compared to engineered wood, solid hardwood, and stone floor coverings. As it can replicate stone, tiles as well as wood patterns, the demand for laminate flooring has been escalating in the recent years. A new research report by IMARC Group, titled “Laminate Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the global laminate flooring market reached a volume of nearly 962 Million Sq. Metres in 2018, registering a CAGR of 2% during 2011-2018. The report further anticipates the market to reach a volume of 1,040.5 Million Sq. Metres by 2024.

Report Description and Highlights

Report Description

Global Laminate Flooring Market Drivers/Constraints: • • • •

With rising population and improving standards of living, there has been an increase in the demand for modern housing, particularly in the emerging nations, which have significantly contributed to the growth of the market.

The advancements in the designing and printing technology and the introduction of innovative product designs by the manufacturers are some of the other growth-inducing factors propelling the global laminate flooring market.

Laminate flooring ensures ease of installation and reduces the requirement of skilled labour as opposed to the other flooring materials. This has favourably impacted the growth of the laminate flooring market globally.

The price volatility of the raw materials of laminate flooring and their availability can pose a major challenge to the laminate flooring manufacturers.

Laminate Flooring Market Segmentation: Market Segmentation by Product Types •

HDF Laminates

Request for a sample report: https://www.imarcgroup.com/laminate-flooring-market/requestsample

Market Forecast

Sample Figure: Global: Laminate Flooring Market Forecast: Sales Volume (in Billion Sq. Metres), 2019-2024

184.3

191.7

199.3

207.3

2019

2020

2021

2022

215.6

224.2

2023

2024

Market Segmentation

Report Description o MDF Laminates

On the basis of product type, the market has been segmented into HDF and MDF laminates. Currently, MDF laminates represent the most popular product type in the laminate flooring market, accounting for the largest share.

Market Segmentation by Sector • •

Residential Commercial

Based on sector, the report finds that the residential sector dominates the market, holding the majority of the market share. Laminate flooring is extensively used in this sector as it is cost-effective, requires low-maintenance and has the ability to withstand high traffic. It is followed by the residential sector.

Market Segmentation by Region •

North America

For more information, click here: https://www.imarcgroup.com/laminate-flooring-market

Market Segmentation

Report Description • • • •

Europe Asia Pacific Latin America Middle East and Africa

On a geographical front, Asia-Pacific enjoys the leading position in the global laminate flooring market.

The growing spending capacity, rapid urbanisation, and increasing number of housing projects are driving the market across the region. Other major regions include North America, Europe, Latin America, and Middle East and Africa.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • •

Mohawk Industries Inc. Tarkett Armstrong World Industries, Inc. Shaw Industries, Inc. Mannington Mills, Inc. Beaulieu International Group

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description

In case you have a very specific customized or specific niche needs, we can work around the scope of work and assist you with the tailor made solution. The topics covered could be technology, markets, competition, pricing trends, P&L analysis, cost analysis, price bench marking or it could also be supplementing you with the weekly or fortnight reports.

Team Profile

Team Profile Our Team Comes From Some of the Top Universities Globally.

60% Engineering and Science

5% Others

35% Business Studies

Over 2000 Independent Consultants from different sectors.

Average Experience of 7+ Years

We are the trusted business partners to the

Partial List of Clients world's leading corporates, governments, and A partial List of our Clients institutions

We are the trusted business partners to the

Partial Listworld's of Clients leading corporates, governments, and

A partial List of our Clients

institutions

Report Description and Highlights

Report Description

© 2018 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC).

Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication.

IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

Contact Us

FOR MORE DETAILS Visit us at :

https://www.imarcgroup.com Stay With Us:

TELEPHONE: +1-631-791-1145 E-MAIL: sales@imarcgroup.com