India Laminate Flooring Market Size (2024 - 2029)

The India laminate flooring market is experiencing growth driven by factors such as the expansion of the construction industry, urbanization, and changing lifestyles. The market's expansion is supported by the affordability, durability, and easy installation of laminate flooring, which is becoming increasingly popular for home renovations and hygiene-focused applications. Despite challenges like raw material price volatility and logistical issues stemming from the pandemic, the market is poised for growth, with laminate flooring offering a cost-effective alternative to traditional flooring options.

Home Market Analysis Home and Property Improvement Research Floor Coverings Research Non Resilient Flooring Research Laminate Flooring Research Laminates Industry in India Market Size

Market Size of India Laminate Flooring Industry

India Laminate Flooring Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 53 Million
Market Size (2029) USD 70.92 Million
CAGR (2024 - 2029) 6.00 %
Market Concentration Low

Major Players

India Laminate Flooring Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Laminate Flooring Market Analysis

The India Laminate Flooring Market size is estimated at USD 53 million in 2024, and is expected to reach USD 70.92 million by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).

Laminate flooring refers to a multi-layer synthetic flooring product with the wear, design, core, and back layers sealed together using lamination. The upper layer usually comprises melamine and aluminum oxide, providing the laminate board with scratch- and moisture-resistant surfaces. Laminate flooring is economical, highly resistant to dust and damage, versatile, durable, eco-friendly, and easy to install. India Laminate flooring is relatively inexpensive compared to engineered wood, solid hardwood, and stone floor coverings. Moreover, it is available in varying widths, lengths, and thicknesses and can replicate different surfaces, including wood, stones, and tiles. Hence, the demand for laminate flooring is increasing across India.

Additionally, one of the major factors driving the market growth is the rapid rise of the construction industry. Urbanization, industrialization, and changing lifestyles have increased construction activities in emerging countries like India. Rising environmental concerns regarding the usage of timber and new technological innovations are expected to continue to spur the demand in the upcoming years. Raw materials price volatility and availability can pose a significant challenge for laminate flooring manufacturers. The flooring manufacturing sector is one of the sectors that have been bearing the brunt of pandemic. Manufacturers were stranded on raw material orders due to the significant impact of pandemic on the logistics industry due to the lockdowns. All these factors have been limiting the laminate flooring industry's growth amid the pandemic.

The post-COVID scenario of the India laminate flooring market has witnessed a significant boost. With the rise in home renovations and increased focus on hygiene, laminate flooring has become a popular choice. The market is experiencing growth due to factors like affordability, durability, and easy installation.

India Laminate Flooring Industry Segmentation

Laminate flooring (also called floating wood tile in the United States) is a multi-layer synthetic flooring product fused with a lamination process. Laminate flooring simulates wood (or even stone) with a photographic applique layer under a clear protective layer. A complete background analysis of the Indian laminate flooring market, which includes an assessment of the laminate flooring market, emerging trends by segment and regional market, 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 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). 

The report offers market size and forecasts for the India Laminate Flooring Market in terms of revenue (USD) for all the above segments.

Product Type
High-density Fiberboard Laminated Flooring
Medium-density Fiberboard Laminated Flooring
End User
Residential
Commercial
Distribution Channel
Offline Stores
Online Stores
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India Laminate Flooring Market Size Summary

The India laminate flooring market is poised for significant growth, driven by factors such as urbanization, industrialization, and evolving consumer lifestyles. Laminate flooring, known for its cost-effectiveness and versatility, is gaining popularity as a durable and eco-friendly alternative to traditional flooring options like hardwood and stone. The market is experiencing increased demand due to the rapid expansion of the construction industry, which is fueled by rising population and urban development. The commercial segment, in particular, is witnessing robust growth, with laminate flooring being increasingly adopted in corporate offices, retail spaces, and hospitality facilities. This trend is supported by government initiatives to boost the tourism sector, further enhancing the demand for laminate flooring in luxury living spaces and hotels.

Post-COVID, the market has seen a resurgence as home renovations and a focus on hygiene have made laminate flooring a preferred choice. Despite challenges such as raw material price volatility and supply chain disruptions during the pandemic, the market is recovering and expanding. The presence of major international players and the entry of mid-size to smaller companies, driven by technological advancements and product innovations, are shaping the competitive landscape. Companies like Inovar Floors India, BVG Flooring, Greenlam Industries, Notion Flooring, and Marco Polo Flooring are key players in the market, offering a range of products for both commercial and residential applications. As the demand for non-resilient floor coverings grows, the laminate flooring market is expected to continue its upward trajectory, supported by the booming residential construction sector and increased infrastructure investments.

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India Laminate Flooring Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Rising Urbanization and Population Growth

    3. 1.3 Market Restraints

      1. 1.3.1 Economic Uncertainty

    4. 1.4 Market Opportunities

      1. 1.4.1 Rising Technological Innovations (Smart Flooring) in the Floor Covering Industry

    5. 1.5 Value Chain/Supply Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 High-density Fiberboard Laminated Flooring

      2. 2.1.2 Medium-density Fiberboard Laminated Flooring

    2. 2.2 End User

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 Distribution Channel

      1. 2.3.1 Offline Stores

      2. 2.3.2 Online Stores

India Laminate Flooring Market Size FAQs

The India Laminate Flooring Market size is expected to reach USD 53 million in 2024 and grow at a CAGR of greater than 6% to reach USD 70.92 million by 2029.

In 2024, the India Laminate Flooring Market size is expected to reach USD 53 million.

India Laminate Flooring Market Report Snapshots

India Laminate Flooring Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)