The new report by Expert Market Research titled, ‘North America Laminate Flooring Market Report and Forecast 2023-2028’, gives an in-depth analysis of the North America laminate flooring market size, assessing the market based on its segments like types, sectors, and major countries.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
North America Laminate Flooring Market Share, Size, Price, Growth, Trends, Industry Report, Key Player, Major Segments and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 3.5%
The increasing demand for laminate flooring from the residential sector in the region, owing to the increasing population, rising disposable income, and rapid development in the semi-urban areas is driving the market growth. The increasing inclination of building contractors towards utilising laminated floors for enhanced aesthetic appeal is adding to the market growth.
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Over the forecast period, the anticipated increase in the hygienic awareness, such as keeping moisture out of the house, is anticipated to be a major driving factor of the laminated floors. In terms of region, the United States is anticipated to witness significant demand for laminated flooring owing to the increasing investments in the construction sector.
North America Laminate Flooring Industry Definition and Major Segments
Laminate flooring is defined as a hybrid floor covering which is made up of particleboard wood base, image layer, and a transparent layer of wear. It is a popular type of covering which is applied in the houses in kitchens, bathrooms, and hallways, among other areas with moisture.
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On the basis of type, the market can be segmented into:
- HDF Laminates
- MDF Laminates
Based on sector, the market has been segmented into:
- Residential
- Commercial
The major countries for North America laminate flooring include:
- United States of America
- Canada
North America Laminate Flooring Market Trends
The key trends in the laminated flooring market in North America include the growing expansion of the commercial construction sector owing to the rapid development of schools, colleges, hospitals, hotels, and resorts, among others owing to the thriving tourism industry and increasing population. The favourable government schemes and initiatives aimed towards enhancing the quality of residential structures are anticipated to generate the demand for laminated flooring in the coming years.
Furthermore, the market is anticipated to be boosted by the robust industrialisation in the region, which is bolstering the demand for laminated flooring in the industrial structures to remove moisture and provide strength.
Key Market Players
The major players in the market are:
- Armstrong Flooring, Inc.
- Shaw Industries
- Tarkett
- Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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