United States Laminate Flooring Market Report 2020-2025 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "United States Laminate Flooring Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

A surge in the demand for laminate flooring can be attributed to numerous factors. One of the major factors is the rapid growth of the construction industry. Urbanization, industrialization, and changing lifestyles have resulted in an increase in construction activities. This has ultimately contributed to the growth of the United States laminate flooring market.

Durability, high-gloss, and colored and textured finishes of laminate floors are some of the properties expected to drive the growth. Increasing usage in commercial, as well as residential sector, the prevalence of cost-effective and low maintenance product, rising preferences of wood-based floorings, surging level of investment for the development of real estate sector, are some of the factors that will accelerate the growth of the laminate flooring market in the forecast period.

Key Market Trends

Growing Construction Activities

The laminate Flooring market is mainly driven in the past few years owing to the rising count of the construction projects for development and boosting the infrastructural growth across the country. With the growing population at an alarming rate, the demand for construction is on the peak. With the rising need for better and more sustainable infrastructure, there exists a higher requirement for the new construction, which gives further opportunities for new construction projects. Thus, the demand for laminate flooring is increasing during the forecast period.

Growing commercial and residential construction activities is one of the major factors expected to drive the growth of the market. Rising investments in the construction industry and growth in remodeling & renovation activities are documented as the major driving factors to Laminate Flooring Market.

Rise in the Number of Renovation Activities

The growth in the renovation projects in the United States is driving huge opportunities for the growth of the market. The rising focus toward home decor and the improving lifestyles of consumers are boosting the renovation & remodeling activities in the current scenario. Furthermore, in the United States, owners are expected to spend more on home replacements, upgrades, and routine maintenance. This, in turn, creates growth prospects for the laminate flooring market.

Rapid urbanization has generated a wave of renovation and remodeling activities, increasing demand in the flooring industry. Nowadays, many people use renovation methods as an ideal choice for interior design and to change the appearance and structure of buildings. Rising consumer expenditure for interior design will surge the demand for renovations. The use of these products for renovations is increasing owing to their long-lasting and cost-effective properties that keep buildings up-to-date.

Competitive Landscape

The report covers major players operating in the United States laminate flooring market along with their product portfolio, key financials, and developments. The market is transforming with many technological advancements through product innovation and process automation. The key market players are focusing on improving their production capacity which will help them to increase exports.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS AND DYNAMICS

4.1 Market Overview

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Value Chain / Supply Chain Analysis

4.6 Porters Five Force Analysis

4.7 Insights into Latest Technologies Used in the Industry

4.8 Impact of COVID-19 on the Market

5 MARKET SEGMENTATION

5.1 By Product

5.1.1 High-density Fiberboard Laminated Flooring

5.1.2 Medium-density Fiberboard Laminated Flooring

5.2 By End-User

5.2.1 Residential

5.2.2 Commercial

5.2.3 Industrial

6 COMPETITIVE LANDSCAPE

6.1 Market Concentration Overview

6.2 Company Profiles

6.2.1 Armstrong Flooring Inc

6.2.2 Mohawk Industries Inc

6.2.3 Kronotex USA

6.2.4 Shaw Industries Group Inc

6.2.5 Mannington Mills Inc

6.2.6 Tarkett SA

6.2.7 Emser Tile

6.2.8 Bruce flooring

6.2.9 Lamett

6.2.10 M P Global Products LLC

7 FUTURE OF THE MARKET

8 APPENDIX

For more information about this report visit https://www.researchandmarkets.com/r/g08nit