Laminate Flooring Market Share, Outlook, Future Growth and Opportunities by 2024Posted by Robert Smith on May 14th, 2019 The global laminate flooring market has experienced a steady growth over the past few years. This can be accredited to the rising urbanisation along with the technological developments and introduction of innovative product designs by the manufacturers. Request for a free sample copy of this report: https://www.imarcgroup.com/laminate-flooring-market/requestsample Laminate flooring refers to a durable and versatile flooring solution made of melamine resin and fibreboard materials. It is composed of four layers, namely wear layer, design layer, core layer and back layer, which are fused together using intense heat and pressure. Laminate flooring is relatively inexpensive as compared to engineered wood, solid hardwood, and stone floor coverings. As it can replicate stone, tiles as well as wood patterns, the demand for laminate flooring has been escalating in the recent years. A new research report by IMARC Group, titled “Laminate Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, estimates that the global laminate flooring market reached a volume of nearly 962 Million Sq. Metres in 2018, registering a CAGR of 2% during 2011-2018. The report further anticipates the market to reach a volume of 1,040.5 Million Sq. Metres by 2024. Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/laminate-flooring-market Market Drivers/Constraints:
Insights on Market Segmentation: Market Performance of Key Types: 1. HDF Laminates 2. MDF Laminates On the basis of product type, the market has been segmented into HDF and MDF laminates. Currently, MDF laminates represent the most popular product type in the laminate flooring market, accounting for the largest share. Market Performance by Sector: 1. Residential 2. Commercial Based on sector, the report finds that the commercial sector dominates the market, holding the majority of the market share. Laminate flooring is extensively used in this sector as it is cost-effective, requires low-maintenance and has the ability to withstand high traffic. It is followed by the residential sector. Market Performance of Key Regions: 1. Asia Pacific 2. North America 3. Europe 4. Latin America 5. Middle East and Africa On a geographical front, Asia-Pacific enjoys the leading position in the global laminate flooring market. The growing spending capacity, rapid urbanisation, and increasing number of housing projects are driving the market across the region. Other major regions include North America, Europe, Latin America, and Middle East and Africa. Competitive Landscape: The laminate flooring industry is highly fragmented with the presence of numerous small and large manufacturers who compete in terms of price and quality. Some of the leading players operating in the market are: Mohawk Industries Inc. About us IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact us IMARC Group Like it? Share it! More by this author |