The research study conducted by Report Ocean on the “ Laminate Flooring Market ” spans over 100+ pages and delves into various facets of this market. It analyses the business strategies adopted by emerging industry players, examines the geographical scope, dissects market segments, evaluates the product landscape, and investigates price and cost structures. This research report facilitates market segmentation based on the latest Market trends, geographical market, and technological advancements. Each section of the report is meticulously prepared to scrutinize key aspects of the market. Moreover, it includes a detailed analysis of current applications, comparing them while focusing on opportunities, threats, and conducting a competitive analysis of major companies.
Global Laminate Flooring Market is valued at approximately USD $$billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.0% over the forecast period 2022-2029. Laminate Flooring refers to multi-layered synthetic product fused together with the lamination process; it is also known as floating wood. The Laminate Flooring market is expanding because of factors such as the increase in commercial construction activity. This market is majorly dominated by key players such as Tarkett SA, Mohawk Industries Inc., Shaw Industries Group Inc., Armstrong Flooring Inc., and Beaulieu International Group.
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Construction activity is rising due to increased urbanization, industrialization and lifestyle changes are increasing construction activity in emerging markets. This factor contributes to the growth of the global laminating floor market as prefer it because it is cost-efficient and cheaper than the other substitute material. In the past few years, government has increased investments in the infrastructure segment which plays a key role in the construction and real estate industries and planned large-scale investments in China, India, Japan, and other regional leaders will boost the Asia-Pacific laminate flooring industry for projected years. According to the statistics, the market size of the US construction sector is estimated at around US$1.6 trillion in 2021 and is expected to grow further in the next year. Total construction value (residential, non-residential, non-/building combined) in the United States will increase by more than 8% between 2020 and 2021, with the largest number of private homes on record. On the list of the 50 largest construction companies in the country, three of his companies surpassed his $15 billion in sales in 2020. Moreover, the rising preference for wood-based floorings and increasing investments in the commercial real estate sector has created the opportunity for this market growth. However, the price volatility of the raw materials and availability of the raw materials stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Laminate Flooring Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of branded products and the region’s increasing development. The Canadian government’s intention to invest C$14.9 billion (US$12 billion) in public transportation projects over the next eight years (announced in February 2021) will boost the long-term output of Canada’s construction industry which will apparently increase the growth of this market significantly. Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising populations, an increase in the number of collaborations for further development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
Major market players included in this report are:
Shaw Industries Group Inc.
Armstrong Flooring Inc.
Der International Flooring Co Ltd.
Beaulieu International Group
Tarkett SA
Mohawk Industries Inc.
Formica Group
Kaindl Flooring
Mannington Mills Inc.
Classen Group
Recent Developments in the Market:
In April 5, 2022, Lone Star Funds announced the successful acquisition of SENQCIA Corporation by a subsidiary of Lone Star. Headquartered in Tokyo, Senxia is a leading Japanese building materials company with experience in the development, design and sale of construction and building security products, seismic reinforcement products and elevated access laminate flooring products.
In April 2022, Solihull’s flooring distributor Likewise Group’s made another acquisition. Similarly, a subsidiary of Floors acquired Delta Carpets (Holdings) and its wholly owned subsidiary Delta Carpets for ?3 million.
Global Laminate Flooring Market Report Scope:
Historical Data: 2019-2020-2021
Base Year for Estimation: 2021
Forecast period: 2022-2029
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Application, Type, Distribution Channel, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Type:
High-density Fibreboard Laminated Flooring
Medium-density Fibreboard Laminated Flooring
By Application:
Residential
Commercial
Industrial
By Distribution Channel:
Online
Offline
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Key Questions Answered in the Market Report:
• How did the COVID-19 pandemic have an impact on the adoption of via a range of pharmaceutical and existence sciences companies?
• What is the outlook for the affect market all through the forecast length 2023-2032?
• What are the key developments influencing the have an impact on market? How will they have an impact on the market in short-, mid-, and long-term duration?
• What is the give up person appreciation toward?
• What are the key elements impacting the have an effect on market? What will be there have an impact on in short-, mid-, and long-term duration?
• What are the key possibilities areas in the influence market? What is their workable in short-, mid-, and long-term duration?
• What are the key techniques adopted via groups in the have an effect on market?
• What are the key utility areas of the influence market? Which utility is predicted to keep the very best increase attainable all through the forecast duration 2023-2033?
• What is the favoured deployment mannequin for the impact? What is the boom conceivable of quite a number deployment fashions existing in the market?
• Who are the key cease customers of pharmaceutical quality? What is their respective share in the affect market?
• Which regional market is predicted to maintain the easiest boom possible in the have an impact on market at some stage in the forecast length 2023-2032?
• Which are the key gamers in the have an impact on market?
Growth Hampering Factors in the Market:
- Environmental regulations: Stricter environmental regulations on the production and use of fossil fuels can limit the availability and use of traditional market.
- Safety concerns: Safety concerns regarding the storage and transportation of can limit their use.
- Supply chain disruptions: Disruptions in the global supply chain due to natural disasters, pandemics, or other factors can impact the availability and cost of market.
- Security concerns: Security concerns regarding the transportation and storage of market can limit their use and availability.
- Technological obsolescence: Advances in technology can make existing systems obsolete, leading to reduced demand.
- Competition from alternative fuels: The development of alternative fuels such as biofuels and hydrogen-based fuels can compete with traditional market.
- Volatility in oil prices: Fluctuations in oil prices can affect the cost of market, making it difficult for industry players to predict and plan for costs.
- Economic downturns: Economic downturns can result in reduced demand for air travel and air cargo transportation, leading to a reduction in demand for market.
- Geopolitical tensions: Political instability and tensions between nations can impact the global supply chain for market, leading to supply disruptions and price fluctuations.
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