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The ‘North America Laminate Flooring Market Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the North America laminate flooring market trends, assessing the market on the basis of its segments like type, sector, and country.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 3.5%
North America Laminate Flooring Industry Definition and Major Segments
Laminate flooring is a type of flooring that is made up of numerous layers that have been laminated together. The top layer, which is typically constructed of melamine and aluminium oxide, gives the laminate board a surface that is resistant to moisture and scratches. Laminate flooring has recently gained popularity in modern structures due to how easy it is to install and maintain. Based on type, the market is segmented into:- HDF Laminates
- MDF Laminates
- Residential
- Commercial
- United States of America
- Canada
North America Laminate Flooring Market Trends
The commercial segment is expected to drive the North America laminate flooring market on account of the extensive usage of laminate flooring in the commercial industry. This is because laminate flooring has low maintenance requirements compared to other flooring options and is cost-effective. The surging preference for wood-based flooring along with the rise in investments in the commercial real estate industry is likely to escalate the market growth. The increase in demand for laminate flooring in showrooms, five-star hotels, corporate offices, and retail outlets is expected to propel the demand for laminate flooring in the commercial sector. Meanwhile, the residential segment is expected to propel the growth of the North America laminate flooring market on account of the increasing demand for modern housing and improving living standards. Geographically, the United States is anticipated to drive the laminate flooring market growth on account of the surging interest in home décor. Going further, the improving lifestyles of consumers are likely to enhance the refurbishing and renovation activities in the coming years. The increase in home repair and reconstruction expenditures is likely to enhance investment in home furnishings that is expected to extend to the interior spaces and floorings. This is further expected to fuel the market growth of laminate flooring.Key Market Players
The major players in the North America laminate flooring market report are:- Armstrong Flooring, Inc.
- Shaw Industries
- Tarkett
- Others