Mohawk Industries, Inc., Tarkett SA, AFI Licensing LLC, Shaw Industries Group, Inc., and Mannington Mills, Inc., among others, are the major players in the global laminate flooring market.
The global laminate flooring market attained a volume of about 975.2 million sq. metres in 2020. The industry is further expected to grow at a CAGR of about 1.8 % in the forecast period of 2021-2026 to reach a volume of around 1085.4 million sq. metres by 2026. As per the analysis by Expert Market Research, the market is expected to be driven by advancements in printing and designing technologies globally.
The market is being positively driven by certain factors such as the rising population, growing construction activities, and the escalating demand for modern housing. Furthermore, the surging investments in real estate and wood-based flooring attributed to technological development in laminate flooring materials are fuelling the market growth. In addition, the improving wear layers, high-quality visuals and more variety in prints and designs for laminates are aiding the laminate flooring market.
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The major players in the global laminate flooring market include Mohawk Industries, Inc. (NYSE: MHK) and Tarkett SA (EPA: TKTT). Mohawk Industries, Inc., in 2021, announced the plans to expand its operations in Virginia, United States of America, by investing USD 22.5 million. The move will allow it to install new equipment to bolster the production speed of laminate flooring. Tarkett SA provides exclusive laminate collections for household and commercial flooring equipped with a melamine protective layer to provide a scuff-free, strain-free and scratch-free experience. The installation of laminate flooring is simple due to its ANGLE LOCK or UNIFIT® click system. The growing demand for these products is augmenting the growth of the laminate flooring market.
Headquarters: Georgia, United States of America
Mohawk Industries, Inc. is an American flooring manufacturer that designs, produces, distributes and markets carpet, ceramic tile, laminate, wood, stone, vinyl, and rugs for residential and commercial applications worldwide. The company is the world’s largest flooring provider with brands such as Daltile®, American Olean®, Complete Countertops®, Karastan®, Godfrey Hirst®, Mohawk Group® and Durkan®, among others under it. Mohawk Industries, Inc operates in over 170 countries with about 41,600 employees and earned over USD 10 billion in 2019.
Headquarters: La Défense, France
Tarkett SA is a French company that manufactures and distributes building products. The company offers a wide range of flooring products such as vinyl, laminate, wood, carpet rolls and tiles, linoleum, artificial turf, and accessories for residential, healthcare, education, workplace, sports and hospitality services. It has 33 industrial sites and 24 research and development laboratories globally. Tarkett SA employs more than 12,000 people and generated a revenue of about EUR 2.6 billion in 2020.
Headquarters: Pennsylvania, United States of America
AFI Licensing LLC is a US-based designer and manufacturer of innovative flooring solutions. The company provides vinyl sheet, vinyl plank and tile flooring for residential houses, luxury vinyl tile, sheet flooring, vinyl composition tile, and bio-flooring for commercial spaces and other floorings. The subsidiaries owned by the company include Abode®, Accolade Plus™, Caliber™, Epiq™, FlexStrong™, MasterShield™ and VersaStyle™, among others and operates eight factories in the United States, China and Australia. AFI Licensing LLC generated a revenue of USD 584.8 million in 2020.
Headquarters: Georgia, United States of America
Shaw Industries Group, Inc, an American company, is a subsidiary of Berkshire Hathaway. The company is engaged in manufacturing carpet, rug, hardwood flooring, laminates, resilient, and tiles and stones. It is one of the largest carpet manufacturers in the world and has a brand portfolio consisting of Anderson Tuftex, Shaw Floors, ShawContract, Patcraft, Shawgrass, and many others. Shaw Industries Group, Inc employs over 20,000 people and has offices in the United States, Australia, Belgium, Chile, China, France, India, Mexico, Singapore, and the United Kingdom, among others.
Headquarters: New Jersey, United States of America
Mannington Mills is a US-based international flooring manufacturer of residential and commercial sheet vinyl, luxury vinyl, laminate and hardwood floors, and commercial carpet and rubber products. The company sells the products under the Mannington Residential, Mannington Commercial, Amtico and Burke brands globally. It has offices, warehouses and factories in the United States, Canada and the United Kingdom for global operations.
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