Wood and laminate flooring Market

Wood & Laminate Flooring Market Size by Type (Wood and Laminate), By Application (Residential, Commercial and Industrial), By Distribution Channel (Online Sales and Offline Sales), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13904
  • Published Date: Dec, 2023
  • Pages: 238
  • Category: Chemicals & Materials
  • Format: PDF
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The global wood & laminate flooring market was valued at USD 68.4 billion in 2022 and is anticipated to grow at a CAGR of 5.6% from 2023 to 2032. In the flooring market, wood and laminate flooring are two popular options with special qualities and may accommodate a wide range of needs and tastes. Examining this flooring types' composition, installation methods, maintenance requirements, and the practical and aesthetic qualities they offer to homes and businesses are all necessary to comprehend their definition and nuances. There are major differences in installation techniques between laminate and wood flooring. Traditionally, tongue-and-groove installation is used for solid hardwood, where planks interlock along the edges. The boards are fastened to a subfloor by nailing or stapling them there. Greater flexibility is provided by engineered wood, which can be installed using floating, glue-down, or nail-down techniques. Floating installations of laminate flooring typically use individual planks that click or lock together to avoid the need for glue. Laminating is a DIY alternative for do-it-yourselfers because it is simple to install.

Market Introduction:

Solid hardwood or engineered wood makes up the majority of wood flooring, which is highly regarded for its attractive beauty and interior warmth. Solid hardwood flooring features planks cut from a single piece of wood, displaying wood surfaces' unique grain patterns and organic colors, including cherry, oak, and maple. On the other hand, engineered wood flooring comprises structural layers, usually with a layer of actual hardwood on top connected to plywood or high-density fiberboard. Because of this design's inherent stability, engineered wood is appropriate for places like basements where humidity levels fluctuate.

Furthermore, laminate flooring is an artificial substance that replaces other materials, such as hardwood. It comprises several layers, including a backing layer, a core layer, a high-resolution photographic image layer, and a wear layer. While the photographic layer imitates the appearance of wood, stone, or tile, the wear layer shields the floor from stains and scratches. Particleboard or high-density fiberboard often makes up the core layer, which offers stability, while the backing layer adds further support and moisture resistance.

Wood & Laminate Flooring Market Size

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Recent Development
  • In 2021: RevWood Select is a new wood flooring line from Mohawk Industries Inc. The series includes an easy-to-install and maintain wood flooring product that is highly performing and water-resistant. It is intended to have the appearance of hardwood yet be more resilient and environmentally friendly.
  • In 2020: The Pryzm is a new laminate flooring line from Armstrong Flooring Inc. One product in the series is waterproof laminate flooring that mimics the appearance and texture of hardwood floors. It comes with a 30-year domestic warranty, is simple to maintain, and is resistant to scratches.

Market Dynamics:


Economic Growth and Urbanization - Growth in the economy has a big impact on the wood and laminate flooring market, especially in emerging economies. Increased consumer spending on construction and home renovation projects results from rising disposable incomes accompanying economic expansion. This aspect subsequently drives the demand for wood and laminate flooring products. Economic prosperity is a key factor driving the demand for laminate and wood floors. People's disposable income rises with economic growth, frequently resulting in increased spending on construction and home renovation projects. This trend is especially noticeable in developing nations where economic growth is accelerating. Rapid urbanization is driving up demand for laminate and wood floors. There is a greater need for regional and commercial space when urban regions grow due to population migration from rural to urban areas. Because of this, new buildings must be built, which requires flooring materials. This is the primary factor for the market growth and development.


Fluctuations in Raw Material Prices - The availability of raw materials, especially wood, is a major issue for the laminate and wood flooring industry. A decline in the supply of high-quality wood for flooring production has resulted from deforestation caused by urbanization, agricultural growth, and logging. Because of this shortage, producers may face more competition for scarce resources and higher procurement costs. Precise fluctuations in the wood and resins used to make laminate flooring can pose serious difficulties for producers. Several variables, including global supply chain dynamics, environmental restrictions, and market demand, affect the price of wood. In addition, variables like shifts in the price of oil and interruptions in the supply chain might affect the cost of the resins used in laminate flooring. This factor is restraining the market growth and development.


Growth in the Construction Industry - The construction sector significantly influences the demand for wood and laminate flooring. Flooring materials are becoming more and more necessary as the building industry expands. The popularity of wood and laminate flooring in residential housing projects can be attributable to their aesthetic appearance, durability, and ease of installation. Further, as these flooring materials are frequently chosen for their resilience to heavy foot traffic and ability to provide commercial spaces with an elegant finish, their use in construction projects adds to their demand. Infrastructure development initiatives further fulfil the demand for wood and laminate flooring. There is an increasing need for high-quality flooring materials as new infrastructure projects are started. This factor is anticipated to provide lucrative growth opportunities in the upcoming years.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia Pacific region emerged as the most prominent global Wood & laminate flooring market, with a 42.0% market revenue share in 2022. The Asia-Pacific region holds a significant and expanding market share within the global wood and laminate flooring market. Rapid urbanization, the expansion of the middle class, and strong economic growth in nations like China, India, and Japan are the main drivers of this phenomenon. Due to the growing demand for wood and laminate flooring in commercial, industrial, and residential sectors, the Asia-Pacific region is a major force behind the global market dynamics. India contributes significantly to the Asia-Pacific market share with its rapid urbanization and building of the middle class. The nation's demand for wood and laminate flooring is driven by people's desire for natural materials and their growing acceptance of modern construction techniques. The regional market players also engage in various market strategies such as product innovation, product differentiation, mergers, acquisitions, partnerships, and strategic alliances to maintain their competitive edge.

Asia Pacific Region Wood & Laminate Flooring Market Share in 2022 - 42.0%



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  • In May 2023: A joint venture agreement was made between Greenply Industries Ltd, a plywood producer and related goods, and Samet BV to produce and market functional furniture hardware.
  • In June 2022: For USD 4.39 million, Greenlam purchased a laminate manufacturing plant in Gujarat. With this acquisition, Green Lam's capacity will increase to 24.5 million sheets, solidifying its position as the industry leader in laminate manufacturing.
Type Segment Analysis

The type segment includes wood and laminate. The wood segment dominated, with a market share of around 57% in 2022. With its natural look and timeless appearance, wood flooring is a popular choice for flooring worldwide. This section covers a variety of wood varieties, each having special qualities and uses, such as engineered wood and solid hardwood. Solid hardwood flooring is an excellent option, popular for its durability and strength. This section features flooring constructed from a single piece of wood, highlighting the natural beauty of exotic hardwoods, oak, maple, and cherry pieces. The continuing appearance of traditional artistry, customary practices for natural materials, and design techniques prioritizing classic aesthetics all impact the market share of wood flooring.

Application Segment Analysis

The application segment is bifurcated into commercial, residential and industrial. The female segment dominated, with a market share of around 45% in 2022. The residential sector holds a sizable market share in the global market for wood and laminate flooring. The need for a comfortable and welcoming atmosphere, comfort, and aesthetics play a major role in the flooring selection process in residential settings. For homeowners looking for a flooring option that strikes a balance between style, durability, and simplicity of maintenance, both wood and laminate have become popular options. A unique and classic look, the flexibility to retain surfaces over time, and the preference for natural materials are some elements that drive the residential market share of wood flooring. Because wood flooring lasts so long, homeowners frequently consider it an investment that raises the value of their home.   

Distribution Channel Segment Analysis

The distribution channel segment is bifurcated into offline sales and online sales. The offline sales segment dominated, with a market share of around 53% in 2022. The wood and laminate flooring market has traditionally been based mostly on offline sales, which are frequently connected to conventional brick-and-mortar retail chains. Physical stores, specialty flooring shops, home improvement stores, and flooring showrooms are all included in this distribution paradigm. Offline sales are more tactile and immersive since customers can examine samples, get professional assistance, and make decisions in person. Specialty flooring stores cause a sizable amount of offline in the wood and laminate flooring business. These specialized businesses provide many flooring solutions, professional advice, and installation services. The capacity of specialty flooring stores to offer a personalized shopping experience and the level of expertise possessed by their staff are important factors that impact their brand.

Some of the Key Market Players:
  • Tarkett, Mannington Mills Inc.
  • Mohawk Group
  • Abet Inc.
  • Berkshire Hathaway Inc.
  • Goodfellow Inc.
  • Forbo Holding AG
  • Armstrong Flooring
  • Kronospan Limited
  • Kahrs Holding AB
  • Bauwerk-Boen
  • Armstrong World Industries Inc.
  • Greenlam Industries Ltd.
  • Notion Flooring
  • Quick - Step Flooring
  • Surfaces India Flooring Pvt. Ltd.
  • Westwood Flooring
  • Avant Flooring
  • Parkay Floors
  • EGO Flooring Private Limited

Report Description: 

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 68.4 Billion
Market size value in 2032 USD 117.95 Billion
CAGR (2023 to 2032) 5.6%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Type, Application, Distribution Channel

Frequesntly Asked Questions

As per The Brainy Insights, the size of the wood & laminate flooring market was valued at 68.4 billion in 2022 to USD 117.95 billion by 2032.

The global wood & laminate flooring market is growing at a CAGR of 5.6% during the forecast period 2023-2032.

Asia Pacific region became the largest market for wood & laminate flooring.

The growing environment sustainability concern is influencing the market's growth.

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This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global wood and laminate flooring market based on below-mentioned segments:

Global Wood and Laminate Flooring Market by Type:

  • Wood
  • Laminate

Global Wood and Laminate Flooring Market by Distribution Channel:

  • Online Sales
  • Offline Sales

Global Wood and Laminate Flooring Market by Application:

  • Residential
  • Commercial
  • Industrial

Global Wood and Laminate Flooring Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa


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