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North America Laminate Flooring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Report Format: PDF+Excel | Report ID: SR112023A1684
Year End
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Market Overview:
The North America laminate flooring market size reached 134.0 Million Sq. Meters in 2022. Looking forward, IMARC Group expects the market to reach 161.0 Million Sq. Meters by 2028, exhibiting a growth rate (CAGR) of 3% during 2023-2028.
Laminated floor refers to a type of synthetic floor covering designed to have stone or wood-like appearance. It is made up of fiberboard particles combined with aluminum oxide and resins. Laminate flooring is economical, highly resistant to dust and damage, versatile, durable, eco-friendly and is easy to install. Accounting to this, it is employed in the construction activities for industrial, residential and commercial buildings.
North America represents one of the largest markets for laminated flooring owing to emerging renovation activities in the region. In addition to this, several initiatives are taking place for the revival and restoration of different educational and public buildings, thus boosting the sales of laminated flooring. Rising environmental concerns towards the usage of timber and new technological innovations will continue to spur the demand in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America laminate flooring market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on type and sector.
- Key Regions Analysed
- United States
- Canada
- Mexico
- Analysis for Each Country
- Market by Type
- HDF Laminates
- MDF Laminates
- Market by Sector
- Residential
- Commercial
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2022 |
| Historical Period | 2017-2022 |
| Forecast Period | 2023-2028 |
| Units | Million Sq. Meters |
| Segment Coverage | Type, Sector, Country |
| Countries Covered | United States, Canada, Mexico |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2699 Five User License: US$ 3699 Corporate License: US$ 4699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The North America laminate flooring market reached a volume of 134.0 Million Sq. Meters in 2022.
We expect the North America laminate flooring market to exhibit a CAGR of 3% during 2023-2028.
The rising adoption of laminate floorings in industrial, residential, and commercial buildings, as they are economical, highly resistant to dust and damage, versatile, durable, eco-friendly, easy to install, etc., is primarily driving the North America laminate flooring market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several North American nations, resulting in the temporary halt in numerous construction activities, thereby negatively impacting the North American market for laminate flooring.
Based on the type, the North America laminate flooring market has been segregated into HDF laminates and MDF laminates, where MDF laminates currently hold the largest market share.
Based on the sector, the North America laminate flooring market can be bifurcated into residential and commercial. Currently, the residential sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into United States, Canada, and Mexico, where United States currently dominates the North America laminate flooring market.
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