Soaring building and construction activities position the wood and laminate flooring market at US$64.8 billion in 2022


South Asia and Oceania to Lead the Wood and Laminate Flooring Market Sales, Registering a CAGR of 5.3% through 2032

An exhaustive study on parquet and laminate market by the Fact.MR provides an overview of the driving factors facilitate market growth. It also examines the market growth prospects in various segments in terms of product type, construction activity and end user. The report also forecasts the opportunities for expansion in developed and developing markets through 2032.

NEW YORK, March 2, 2022 /PRNewswire/ — Global Wood and Laminate Flooring Market Expected to Surpass US$111.6 billion by the end of 2032. Market growth is supported by increasing applications of wood and laminate flooring in business and construction industry.

As the trend of urbanization continues to create deeper inroads, a significant increase in construction and construction activities is being observed, especially across China, Indiaand Australia.

For example, according to the India Brand Equity Foundation, the Indian government plans to build over 100 smart cities across the country. The government also announced the allocation of US$868 million as part of its Smart City mission for 2021-22. A multiplicity of such initiatives is expected to augment the market growth.

Driven by this, the global wood and laminate flooring market sales are estimated to total US$64.8 billion by 2022, growing at a CAGR of 5.6% over the forecast period (2022-2032).

For critical information on this market, request more information

According to the study, sales of wood and laminate flooring are expected to increase 1.73 times between 2022 and 2032. The increase in customer preference for improved home aesthetics and the growing propensity adopting wood-based products will increase market demand.

Additionally, the increasing introduction of new laminates and engineered wood flooring offering a sophisticated look similar to natural solid wood flooring is expected to boost sales.

At the regional level, South Asia & Oceania is expected to become a very profitable market for wood and laminate flooring. The increase in recovery and rehabilitation activities of older infrastructure and the presence of a strong supply chain network for wood-based products are increasing growth in the region.

Report attributes


Base year value (2021A)

US$64.2 billion

Estimated annual value (2022E)

US$64.8 billion

Projected year value (2032F)

US$111.6 billion

World growth rate (2022-2032)

CAGR 5.6%

Key points to remember:

  • The United States should represent a dominant share in North America market, due to the increasing application in the construction industry.
  • Japan is expected to record robust growth in East Asia market, showing a CAGR growth of 6.3% over the review period.
  • India The wood and laminate flooring market is expected to create additional opportunity for US$10.5 billion by 2032, expanding at a CAGR of 5.5% between 2022 and 2032.
  • Based on product type, the laminate flooring segment is expected to grow at a CAGR of 5.6% through 2032.
  • In terms of end user, the residential segment is expected to account for nearly 1/3rd global sales over the forecast period.

Growth drivers:

  • Increasing advancements in printing and design technologies have helped make laminate flooring more realistic, which, in turn, is driving sales in the laminate flooring segment.
  • The growing government emphasis on building hotels, restaurants and offices for the development of commercial and tourism sectors is estimated to propel the demand in the market.

Key constraints:

  • Growing environmental concerns over volatile organic compound (VOC) emissions during laminate flooring operations are hampering the growth of the market.
  • Implementation of strict regulations regarding deforestation through North America, Europeand East Asia is expected to hamper the growth of the market.

For in-depth information on Wood and laminate floors Market, request methodology to:

Competitive Landscape:

The major players in the wood and laminate flooring market are focusing on developing and launching new products to expand their product portfolio and gain competitiveness.

For example,

  • In April 2021Span Floors, an Indian designer in wood Flooring has announced its exquisite new collection of 3-in-1 laminate flooring. Flooring offers look and feel of high quality real wood and are made in a state-of-the-art factory Europe. This will help the company to strengthen its footprint in the market.

Key companies

  • Tarkett, Mannington Mills Inc.
  • Mohawk group
  • Abet Inc.
  • Berkshire Hathaway Inc.
  • Goodfellow Inc.
  • Forbo Holding SA
  • Armstrong Flooring
  • Kronospan Limited
  • Kahrs Holding AB
  • Bauwerk-Boen

More valuable information about Wood and laminate floors Marlet

Fact.MR in its report offers market analysis on the Global Wood and Laminate Flooring Market, providing compelling insights on key growth dynamics including drivers, trends and opportunities for the upcoming decade. This survey reveals the technology growth in the Wood and Laminate Flooring market with detailed segmentation on the basis of:

  • By product type:
    • parquet
    • Laminate flooring
  • By construction activity:
    • Repair & Rehabilitation
    • New construction
  • Per end user:
    • Residential
    • Commercial
    • Industrial
  • By region:
    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • AEM

To stay “ahead” of your competitors, buy the report now

Key questions addressed in the Wood and laminate floors Market report

  • What will be the outlook for the global wood and laminate flooring market?
  • What is the demand outlook for the wood and laminate flooring market during the forecast period?
  • What was the CAGR of the Wood and Laminate Flooring Market from 2017-2021?
  • Who are the key players in the global wood and laminate flooring market?
  • Which is the most lucrative region in the wood and laminate flooring market?

Discover Fact.MR’s coverage in the field of industrial goods

Wood Sanders Market – According to Fact.MR, the global wood sanders market is expected to grow at a CAGR of 5.1% during the forecast period. Rising adoption of wood sanders for residential purposes and increasing repair and maintenance activities across the globe is bolstering the growth of the wood sanders market.

Lawn Shredder Market – The global Lawn Shredder market is expected to exhibit a steady development trajectory between 2021 and 2031. Rising interest in activities such as backyard beautification and gardening is driving the growth of the lawn shredder market.

Coconut Crusher Market – A recent study by Fact.MR on the Coconut Crusher Market offers a detailed forecast between 2021 and 2031. The study analyzes the crucial trends currently driving the growth of the Coconut Crusher Market. coconut. This report focuses on key features, such as drivers, restraints, and opportunities for key market players to help them take advantage of it.

About Fact.MR

Market research and consulting agency that makes the difference! That’s why 80% of Fortune 1000 companies trust us to make their most critical decisions. We have offices in the United States and Dublinwhile our global headquarters are located in dubai. While our experienced consultants use the latest technology to extract hard-to-find information, we believe our USP is the trust clients have in our expertise. Covering a wide range – from automotive and Industry 4.0 to healthcare, chemicals and materials, our coverage is extensive, but we ensure that even the most niche categories are analyzed. Contact us with your goals and we will be a competent research partner.

Access MarketNgage: Future Market Insights’ on-demand and subscription-based platform

Enjoy a flexible market research subscription now through MarketNgage, the market research subscription platform of Future Market Insights and other iconic market research powerhouses. Go beyond reports and access multi-format research with downloadable executive summaries, chapters, data books, infographics, charts, an interactive manual for data visualization, and comprehensive reports across all major industries , more than 200 sub-sectors and more than 1200 niche markets, thanks to MarketNgage.

Register for a 7 day free trial!

Mahendra Singh
USA sales office
11140 Rockville pike
Office 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583




Comments are closed.