Global Laminate Flooring Market was valued at USD 1653.03 Million in 2022 and will grow with a CAGR of 4.1% from 2022 to 2028, based on the recently released report by HNY Research.
The main objective of this report is to provide post-COVID-19 impact insights that will help market players in this field to evaluate their business approaches. Further, this report covers market segmentation by major markets, types, applications/end users, and geography (North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa , Oceania, South America).
Laminate flooring (also called driftwood 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 made of melamine resin and fiberboard. First, for the industry structure analysis, the laminate flooring industry is not concentrated. These manufacturers range from large multinationals to small private companies competing in this industry. The top five producers represent approximately 26% of the revenue market. Regionally, China is the largest production value area in 2016, also the leader of the whole laminate flooring industry. Second, the production of laminate flooring increased from 1,084.27 M m² in 2012 to 1,338.78 M m² 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 about 26.61% and 19.57% of the total global industry. . Other countries have a smaller amount of production. Geographically, Europe was the world’s largest consumer market, accounting for about 30.33% of global consumption volume in 2016. Fourth, for price trend analysis, a key variable in the performance of coatings producers laminate flooring is the raw material cost, especially the speed. at which any increase can be passed on to customers. Fifthly, for the forecast, the global laminate flooring sales revenue would continue to increase with an annual growth rate of 3-6%. We tend to believe that this industry still has a bright future, given the current demand for laminate flooring.
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By Verdors Market:
The International Flooring
Gunilla Flooring Range
Robina Flooring Sdn Bhd
Thin laminate floor
Thick laminate flooring
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Key indicators analyzed
Market Players and Competitor Analysis: The report covers major industry players including company profile, product specifications, production capacity/sales, revenue, price and gross margin 2016-2028 and sales with in-depth analysis of market competition landscape and detailed information. about the vendors and comprehensive details of the factors that will challenge the growth of the major vendors in the market.
Global and Regional Market Analysis: The report includes the global and regional market status and outlook 2016-2028. Additionally, the report provides details about each region and country covered in the report. Identify its sales, sales volume and revenue forecasts. With a detailed analysis by types and applications.
Market Trends: Key market trends including increased competition and continued innovations.
Opportunities and drivers: identifying growing demands and new technologies
Porters Five Forces Analysis: The report presents the state of competition in the industry based on five fundamental forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services and existing rivalry in the industry.
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