North America Laminate Flooring Market Report and Forecast 2024-2032

North America Laminate Flooring Market Outlook

The North America laminate flooring market attained a volume of 130.82 million square metres in 2023. The industry is further expected to grow at a CAGR of 3.5% between 2024 and 2032 to reach a volume of almost 178.24 million square metres by 2032.

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The industry in North America is the largest market for laminated flooring owing to the emerging renovation activities in the region. Furthermore, various initiates are being taken by the government to revive and restore several educational and public buildings, consequently enhancing the industry growth for laminate flooring. The rising global concerns regarding the usage of timber and new technological innovations will continue to propel the market growth in the upcoming years.

Properties and Applications

The laminate flooring is referred to as a durable and versatile flooring solution, composed of melamine resin and fibreboard materials. It contains four layers, namely wear layer, the core layer, design layer, and back layer, which are blended using intense heat and pressure. Currently, it is available in a wide variety of designs and colours, which enhance its aesthetic appeal among users. Due to its resistance power against scratching, staining, denting, and fading, the product has gained preference as a flooring material over the years.

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On the basis of type, the laminate flooring industry is bifurcated into:

• HDF Laminates
• MDF Laminates

Currently, the MDF laminate is the most popular product type.

On the basis of sector, the industry is divided into:

• Residential
• Commercial

The commercial sector represents the leading segment as it holds the largest market share.

The report also covers the regional markets of laminate flooring like the United States and Canada.

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Market Analysis

The laminate flooring industry in North America is driven by the ease of installation of the product, which reduces the intermediary of skilled labour and is comparatively an economically smart option as compared to the solid hardwood, engineered wood, and stone floor coverings. The product can even replicate tiles, stones as well as wood patterns, offering great diverse options for the customers. Furthermore, the growing population and enhancing standards of living have led to a rise in the demand for modern housing, especially in emerging nations, which has consequently contributed to the growth of the industry. Besides, significant investments in the real estate sector, increasing construction activities, and the escalating demand for wood-based flooring materials have flourished the growth of the industry globally. The industry is further aided by the rising introduction of laminate flooring with advanced features, such as better wear layers, custom prints and designs, high-quality visuals, enhanced locking mechanisms, and improved chemical resistance.

Competitive Landscape

The report gives a detailed analysis of the following key players in the laminate flooring industry in North America, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Armstrong Flooring, Inc.
• Shaw Industries
• Tarkett
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

North America Laminate Flooring Market Report Snapshots

North America Laminate Flooring Market Size

North America Laminate Flooring Market Analysis

North America Laminate Flooring Companies