China Laminate Flooring Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 7.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Laminate Flooring Market Analysis
China's laminate flooring sales are stimulated by a combination of positive factors. With the better standard of living and the people's desire for elegant life, laminate flooring sees a rising share in the flooring industry of China.
COVID-19 has disrupted the global supply chain of the major products. China is one of the largest consumers and producers and also caters to a wide range of countries by exporting several input supplies that are essentially used to produce laminate flooring finished goods. Shut down of the production in China has forced suffered a huge loss. This is leading to the increase in the supply and demand gap and the product market. Owing to the COVID-19 pandemic, the market has been under pressure from mid-February 2020, which restricted the construction of housing and building projects, and the lockdown restrictions have forced to stop manufacturing of laminate flooring products which resulted in a decline in the overall China market.
Laminate flooring refers to a multi-layer synthetic flooring product that is made up of the wear, design, core, and back layers sealed together using the lamination process. The upper layer usually comprises melamine and aluminum oxide that aid in providing the laminate board a scratch and moisture-resistant surface. In comparison to engineered wood, solid hardwood, and stone floor coverings, laminate flooring is inexpensive and easy to install as well as maintain. As it is available in varying widths, lengths, and thicknesses and can replicate different surfaces, including wood, stones, and tiles, the demand for laminate flooring is increasing across China. Laminate wood flooring is the mainstay of the wood flooring industry in China. Over two decades of development, a complete system has been developed in the Chinese laminate flooring industry, making the country be one of the major producers and consumers of laminate flooring. The demand for laminate flooring can be due 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 in emerging countries like China. 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. The Flooring manufacturing sector is one of the sectors that is bearing the toughest brunt of COVID-19 for more than a year, and manufacturers were stranded on raw material orders due to a major effect on the logistics industry due to the lockdowns. All these factors are limiting the laminate flooring industry growth during the pandemic.
China Laminate Flooring Market Trends
This section covers the major market trends shaping the China Laminate Flooring Market according to our research experts:
The Residential Segment Occupied a Major Share of the Market
The residential segment of China's laminate wood flooring market has been occupying a major share of the market, with the changing consumer dynamics. The manufacturer's ability to recreate the realism of hardwood with laminate has allowed end-users to enjoy the classic look of wood with more durability and often at a lower price point. While wood grain looks, in general, continue to be the most popular laminate design across the board. The number of customers who opt for laminate wood flooring is increasing owing to advantages such as its thermal capabilities and adaptability according to temperature, ease of installation, cleanliness, and maintenance for a longer time, and the aesthetic richness that the flooring offers. The aesthetic feature has expanded its market share to the exterior application as well.
Manufacturer Owned Stores are the Most Preferred Distribution Channel
Laminate flooring can be purchased from retail stores and even the internet, but there are no buying groups or home centers promoting laminate flooring in China. The majority of retail stores are owned by laminate flooring manufacturers who also install and service the floor. The retail channel in China is very fragmented, with the 50 largest retailers accounting for less than 5% of the total market. When it comes to purchasing laminate flooring, there are a number of retail options available in the country. A major factor affecting where flooring is purchased is that flooring is considered a building material, not a home decoration, and is often grouped with plumbing fixtures and lighting. Laminate flooring manufacturer-owned stores and home products/design malls are the largest retail outlets for flooring in China. Manufacturer stores can be stand-alone units or showrooms located within large, multi-story structures where other home products, such as plumbing and lighting fixtures, are sold. These are the most preferred channels for the purchase of flooring products in the country.
China Laminate Flooring Industry Overview
The report covers major international players operating in the Chinese laminate flooring market. In terms of market share, a few of the major players currently dominate the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
China Laminate Flooring Market Leaders
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Shanghai 3C Industrial Co., Ltd
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Changzhou Dongjia Decorative Materials Co., Ltd
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Changzhou Richwood Decorative Material Co., Ltd
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Tjinan Luckyforest Decoration Material Co.,Ltd.
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Risingsun new materials co. ltd.
*Disclaimer: Major Players sorted in no particular order
China Laminate Flooring Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Scope of the Study
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 Value Chain/Supply Chain Analysis
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4.5 Porter's Five Forces Analysis
- 4.5.1 Threat of New Entrants
- 4.5.2 Bargaining Power of Buyers/Consumers
- 4.5.3 Bargaining Power of Suppliers
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 Product Type
- 5.1.1 High-density Fiberboard Laminated Flooring
- 5.1.2 Medium-density Fiberboard Laminated Flooring
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5.2 End User Type
- 5.2.1 Residential
- 5.2.2 Commercial
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5.3 Distribution Channel
- 5.3.1 Manufacturer Owned Stores
- 5.3.2 Specialty Stores
- 5.3.3 Online Stores
- 5.3.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Shanghai 3C Industrial Co. Ltd
- 6.1.2 Changzhou Dongjia Decorative Materials Co. Ltd
- 6.1.3 Shandong Tianxi New Material Co. Ltd
- 6.1.4 Changzhou Richwood Decorative Material Co. Ltd
- 6.1.5 Zhengfeng Company
- 6.1.6 LUCKYFOREST
- 6.1.7 RisingSun
- 6.1.8 SENLI Group
- 6.1.9 JianKai Wood Company
- 6.1.10 Xiamen Yung De Ornament
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER
China Laminate Flooring Industry Segmentation
Laminate flooring (also called floating wood tile in the United States) is a multi-layer synthetic flooring product fused together with a lamination process. Laminate flooring simulates wood (or sometimes stone) with a photographic applique layer under a clear protective layer. A complete background analysis of the China laminate flooring market, which includes an assessment of the laminate flooring market, emerging trends by segments and regional markets, significant changes in market dynamics, and market overview, is covered in the report. The report also features qualitative and quantitative assessments by analyzing the data gathered from industry analysts and market participants across key points in the industry's value chain. The Chinese laminate flooring market is segmented by product type (high-density fiberboard laminated flooring and medium-density fiberboard laminated flooring), end user (residential and commercial), and distribution channel (offline stores and online stores).
| Product Type | High-density Fiberboard Laminated Flooring |
| Medium-density Fiberboard Laminated Flooring | |
| End User Type | Residential |
| Commercial | |
| Distribution Channel | Manufacturer Owned Stores |
| Specialty Stores | |
| Online Stores | |
| Other Distribution Channels |
China Laminate Flooring Market Research FAQs
What is the current China Laminate Flooring Market size?
The China Laminate Flooring Market is projected to register a CAGR of less than 7% during the forecast period (2024-2029)
Who are the key players in China Laminate Flooring Market?
Shanghai 3C Industrial Co., Ltd, Changzhou Dongjia Decorative Materials Co., Ltd, Changzhou Richwood Decorative Material Co., Ltd, Tjinan Luckyforest Decoration Material Co.,Ltd. and Risingsun new materials co. ltd. are the major companies operating in the China Laminate Flooring Market.
What years does this China Laminate Flooring Market cover?
The report covers the China Laminate Flooring Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the China Laminate Flooring Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Laminate Flooring Industry Report
Statistics for the 2024 China Laminate Flooring market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Laminate Flooring analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
