Global Laminate Flooring Market Growth 2019-2024

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 inner core layer is usually composed of melamine resin and fiber board materials.
First, for industry structure analysis, the Laminate Flooring industry is not concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 26 % of the revenue market. Regionally, China is the biggest production value area in 2016, also the leader in the whole Laminate Flooring industry.

Second, the production of Laminate Flooring increased from 1084.27 M sq.m in 2012 to 1338.78 M sq.m in 2016 with an average growth rate of 5.42%.

Third, China occupied 37.15% of the production market in 2016. It is followed by Europe and North America, which respectively account for around 26.61% and 19.57% of the global total industry. Other countries have a smaller amount of production. Geographically, Europe was the largest consumption market in the world, which took about 30.33% of the global consumption volume in 2016.

Fourth, for price trend analysis, a key variable in the performance of Laminate Flooring producers is raw material costs, specifically the speed at which any increase can be passed through to customers.

Fifth, for forecast, the global Laminate Flooring revenue would keep increasing with annual growth rate with 3~6%. We tend to believe that this industry still has a good future, considering the current demand of Laminate Flooring.


According to this study, over the next five years the Laminate Flooring market will register a 4.2% CAGR in terms of revenue, the global market size will reach US$ 19100 million by 2024, from US$ 15000 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Laminate Flooring business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Laminate Flooring market by product type, application, key manufacturers and key regions and countries.

This study considers the Laminate Flooring value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Thin Laminate Flooring
Thick Laminate Flooring
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Residential
Commercial

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Mohawk Industries
Shaw Industries
CLASSEN Group
Tarkett
Power Dekor
Armstrong
Kastamonu Entegre
Kronoflooring
Homenice
Formica Group
Nature
Samling Group
Mannington Mills
Egger
Swiss Krono Group
An Xin
Alsafloor SA
Der International Flooring
Kaindl Flooring
Meisterwerke
Range Gunilla Flooring
Shiyou Timber
Hamberger Industriewerke
Robina Flooring Sdn Bhd
Shengda
Faus Group

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Laminate Flooring consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Laminate Flooring market by identifying its various subsegments.
Focuses on the key global Laminate Flooring manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Laminate Flooring with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Laminate Flooring submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.