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North America Laminate Flooring Market Size (2024 - 2029)

The North America Laminate Flooring Market is poised for growth, driven by factors such as increased residential construction activities and a shift towards alternative payment methods amidst economic challenges. The market's landscape is shaped by key segments, including residential builders and commercial construction, with residential replacement holding a significant portion of sales. As the real estate sector stabilizes, opportunities for expansion in commercial flooring and a demand for durable, cost-effective solutions are expected to enhance the market's scale and scope.

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Market Size of North America Laminate Flooring Industry

North America Laminate Flooring Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR (2024 - 2029) > 3.50 %
Market Concentration Low

Major Players

North America Laminate Flooring Market Major Players

*Disclaimer: Major Players sorted in no particular order

North America Laminate Flooring Market Analysis

The North America Laminate Flooring Market is expected to register a CAGR of greater than 3.5% during the forecast period.

The market is expected to experience a significant growth rate during the forecast period, driven by various market drivers. In the United States, carpet and area rug companies dominate the flooring sector and hold a substantial market share. This dominance is followed by luxury vinyl tile, Ceramic, and Porcelain tile. The ongoing surge in residential construction activities in the United States signifies promising prospects for the Laminate flooring market in the region.

Amidst rising inflation and interest rates, alternative payment methods such as credit cards and buy now, pay later options are gaining popularity for purchasing floor coverings. The market landscape comprises key segments, including residential builders, manufacturing housing, commercial construction, and transportation equipment. Residential replacement accounts for the largest share of laminate sales at 70%.

As the real estate sector experiences recovery from market fluctuations, there are opportunities for growth in commercial wood, carpets & rugs, and commercial flooring segments. This recovery, coupled with increasing consumer demand for durable and cost-effective flooring solutions, presents avenues for expansion and innovation within the market.

North America Laminate Flooring Industry Segmentation

Laminate flooring (also called floating wood tile in the United States) is a multi-layer synthetic flooring product fused together with a lamination process. Laminate flooring simulates wood (or sometimes stone) with a photographic applique layer under a clear protective layer.

The North American laminate flooring market is segmented by product type, end-user, distribution channel, and geography. By product type, the market is sub-segmented into high-density fiberboard laminated flooring and medium-density fiberboard laminated flooring. By end user, the market is sub-segmented into residential and commercial. By distribution channel, the market is sub-segmented into offline stores and online stores, and by geography, the market is sub-segmented into the United States and Canada.  

The report offers market size and forecasts for the North American laminate flooring market in value (USD) for all the above segments.

Product Type
High-density Fiberboard Laminated Flooring
Medium-density Fiberboard Laminated Flooring
End User
Residential
Commercial
Distribution Channel
Offline Stores
Online Stores
Geography
United States
Canada
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North America Laminate Flooring Market Size Summary

The North America Laminate Flooring Market is poised for notable growth, driven by a combination of residential construction activities and evolving consumer preferences for durable and cost-effective flooring solutions. The market landscape is characterized by significant segments such as residential builders, commercial construction, and transportation equipment, with residential replacement accounting for the largest share of laminate sales. Despite challenges like supply chain disruptions and competition from luxury vinyl tiles, the market is expected to expand as these issues are resolved. The commercial sector, in particular, sees increased demand due to the cost-effectiveness and low maintenance of laminate flooring, making it a preferred choice for high-traffic areas like hotels, retail outlets, and corporate offices.

The market is also witnessing a shift in consumer preference from luxury vinyl tiles to laminate flooring, attributed to the latter's composition of real wood fibers. This shift is further supported by the recovery of the real estate sector and the growing demand for engineered commercial flooring in sectors such as healthcare and education. The post-COVID-19 period has seen a resurgence in sales, with significant contributions from floor covering stores and contractors. Major players in the market, including Shaw Industries, Mohawk Industries, and Mannington Mills, are leveraging technological advancements and strategic acquisitions to enhance their market presence. Recent developments, such as Shaw Industries' acquisition of Watershed Solar LLC and Tarkett's launch of a new flooring collection, highlight the ongoing innovation and expansion within the industry.

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North America Laminate Flooring Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 High Infrastructure spending and advancement in smart infrastructure

      2. 1.2.2 Increasing value of commercial property construction

    3. 1.3 Market Restraints

      1. 1.3.1 Increasing real estate price with inflation restraining demand

      2. 1.3.2 Domination by carpet and rug sale affecting laminate flooring

    4. 1.4 Market Opportunities

      1. 1.4.1 Improved laminate flooring products in market with emerging technologies

      2. 1.4.2 Durability, Easy to clean and install features expanding the market demand.

    5. 1.5 Industry Attractiveness - Porters' Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 High-density Fiberboard Laminated Flooring

      2. 2.1.2 Medium-density Fiberboard Laminated Flooring

    2. 2.2 End User

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 Distribution Channel

      1. 2.3.1 Offline Stores

      2. 2.3.2 Online Stores

    4. 2.4 Geography

      1. 2.4.1 United States

      2. 2.4.2 Canada

North America Laminate Flooring Market Size FAQs

The North America Laminate Flooring Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)

Shaw Industries, Mohawk industries, Mannington Mills, Formica Group and Pergo are the major companies operating in the North America Laminate Flooring Market.

North America Laminate Flooring Market Report Snapshots

North America Laminate Flooring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)