Reports

North America Laminate Flooring Market: By Type: HDF Laminates, MDF Laminates; By Sector: Residential, Commercial; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments

North America Laminate Flooring Market Outlook

The North America laminate flooring market attained a volume of 118 million square metres in 2019. The industry is further expected to grow at a CAGR of 3.5% between 2020 and 2025 to reach a volume of almost 145 million square metres by 2025.

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 laminated 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.

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.

 

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 industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Laminate Flooring Market Overview

    8.1    Key Industry Highlights
    8.2    Global Laminate Flooring Historical Market (2015-2019)
    8.3    Global Laminate Flooring Market Forecast (2020-2025)
    8.4    Global Laminate Flooring Market by Type
    8.5    Global Laminate Flooring Market by Sector
    8.6    Global Laminate Flooring Market by Region
        8.6.1    North America
        8.6.2    Europe
        8.6.3    Asia Pacific
        8.6.4    Latin America
        8.6.5    Middle East and Africa
9    North America Laminate Flooring Market Analysis
    9.1    Key Industry Highlights
    9.2    North America Laminate Flooring Historical Market (2015-2019) 
    9.3    North America Laminate Flooring Market Forecast (2020-2025)
    9.4    North America Laminate Flooring Market by Type
        9.4.1    HDF Laminates
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
        9.4.2    MDF Laminates 
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019)
            9.4.2.3    Forecast Trend (2020-2025)
    9.5     North America Laminate Flooring Market by Sector  
        9.5.1    Residential
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2015-2019)
            9.5.1.3    Forecast Trend (2020-2025)
        9.5.2    Commercial
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2015-2019)
            9.5.2.3    Forecast Trend (2020-2025)
    9.6    North America Laminate Flooring Market by Country
        9.6.1    Market Share
            9.6.1.1    United States of America
            9.6.1.2    Canada
10    Regional Analysis
    10.1    United States of America
        10.1.1    Historical Trend (2015-2019)
        10.1.2    Forecast Trend (2020-2025)
        10.1.3    Breakup by Type
        10.1.4    Breakup by Sector
    10.2    Canada
        10.2.1    Historical Trend (2015-2019)
        10.2.2    Forecast Trend (2020-2025)
        10.2.3    Breakup by Type
        10.2.4    Breakup by Sector
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players Market Share
    14.3    Company Profiles (*This list is only indicative. The report contains a more comprehensive list of players.)
        14.3.1    Armstrong Flooring, Inc.
            14.3.1.1    Company Overview
            14.3.1.2    Product Portfolio
            14.3.1.3    Demographic Reach and Achievements
            14.3.1.4    Financial Summary
            14.3.1.5    Certifications
        14.3.2    Shaw Industries
            14.3.2.1    Company Overview
            14.3.2.2    Product Portfolio
            14.3.2.3    Demographic Reach and Achievements
            14.3.2.4    Financial Summary
            14.3.2.5    Certifications
        14.3.3    Tarkett
            14.3.3.1    Company Overview
            14.3.3.2    Product Portfolio
            14.3.3.3    Demographic Reach and Achievements
            14.3.3.4    Financial Summary
            14.3.3.5    Certifications
        14.3.4    Others
15    Industry Events and Developments

 

List of Figures and Tables

1.    Global Laminate Flooring Market: Key Industry Highlights, 2015 and 2025
2.    Global Laminate Flooring Historical Market: Breakup by Type (USD Billion), 2015-2019
3.    Global Laminate Flooring Market Forecast: Breakup by Type (USD Billion), 2020-2025
4.    Global Laminate Flooring Historical Market: Breakup by Sector (USD Billion), 2015-2019
5.    Global Laminate Flooring Market Forecast: Breakup by Sector (USD Billion), 2020-2025
6.    Global Laminate Flooring Historical Market: Breakup by Region (USD Billion), 2015-2019
7.    Global Laminate Flooring Market Forecast: Breakup by Region (USD Billion), 2020-2025
8.    North America Laminate Flooring Market: Key Industry Highlights, 2015 and 2025
9.    North America Laminate Flooring Historical Market: Breakup by Type (USD Billion), 2015-2019
10.    North America Laminate Flooring Market Forecast: Breakup by Type (USD Billion), 2020-2025
11.    North America Laminate Flooring Historical Market: Breakup by Sector (USD Billion), 2015-2019
12.    North America Laminate Flooring Market Forecast: Breakup by Sector (USD Billion), 2020-2025
13.    North America Laminate Flooring Historical Market: Breakup by Country (USD Billion), 2015-2019
14.    North America Laminate Flooring Market Forecast: Breakup by Country (USD Billion), 2020-2025
15.    United States Laminate Flooring Historical Market: Breakup by Type (USD Billion), 2015-2019
16.    United States Laminate Flooring Market Forecast: Breakup by Type (USD Billion), 2020-2025
17.    United States Laminate Flooring Historical Market: Breakup by Sector (USD Billion), 2015-2019
18.    United States Laminate Flooring Market Forecast: Breakup by Sector (USD Billion), 2020-2025
19.    Canada Laminate Flooring Historical Market: Breakup by Type (USD Billion), 2015-2019
20.    Canada Laminate Flooring Market Forecast: Breakup by Type (USD Billion), 2020-2025
21.    Canada Laminate Flooring Historical Market: Breakup by Sector (USD Billion), 2015-2019
22.    Canada Laminate Flooring Market Forecast: Breakup by Sector (USD Billion), 2020-2025
23.    North America Laminate Flooring Market Structure

Key Questions Answered in the Report

In 2019, the North America laminate flooring market reached a volume of 118 million square metres.

In the forecast period of 2020-2025, the market is projected to grow at a CAGR of 3.5%.

By 2025, the market is estimated to attain a volume of nearly 145 million square metres.

The major drivers of the industry such as rising disposable incomes, increasing population, the ease of installation of the product, enhancing standards of living, significant investments in the real estate sector, increasing construction activities, and rising demand for wood-based flooring materials are expected to aid the market growth.

The growing demand for modern housing and the increasing option to choose from customised designs are the trends expected to guide the market growth.

The major regions in the North America market are the United States and Canada.

The leading type of the product in the market is MDF laminates.

The commercial sector accounts for the largest market share among other sectors.

The major players in the industry are Armstrong Flooring, Inc., Shaw Industries, and Tarkett, among others.

Analyst Review

The North America laminate flooring market attained a volume of 118 million square metres in 2019 driven by the rising investments in the real estate sector and improving living standards. Aided by the growing demand for modern housing, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 3.5%. The industry is projected to reach 145 million square metres by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the industry in North America can be segmented into HDF and MDF laminates, with MDF laminates accounting for the largest market share. On the basis of sector, the commercial sector accounts for the leading segment in the industry. The major regional markets for the product in North America are the United States and Canada. The key players in the above industry include Armstrong Flooring, Inc., Shaw Industries, Tarkett, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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