Significant increase in laminate flooring sales forecast

A report by Data Bridge Market Research forecasts significant growth in the laminate flooring market. The current worldwide laminate flooring market was worth 28.91 billion US dollars in 2021, and is forecast to grow to $44.36 billion by 2029, a compound annual growth rate of 5.5%.

Laminate flooring is multi-layer synthetic flooring with laminated or glued-together layers that make the flooring planks strong and durable.

Home and business owners choose laminate flooring in their Chester properties as it is easy to install and is cost effective compared to hardwood or engineered wood flooring. The most popular types of laminate flooring resemble natural wood or stone, but bespoke prints are also available.

Modern printing technology has made laminate flooring more visually attractive. Home or business owners that desire this type of flooring can get their hands on it by calling on a reliable provider of laminate flooring, and can even get long-term home or commercial use warranties for their products.

Data Bridge Market Research says that the demand for modern housing for the world’s growing population, as well as improvements in living standards, have contributed to the increased sales of laminate flooring. This type of flooring is also used in commercial buildings by organisations that want good-looking and easy-to-maintain durable flooring, as an alternative to hardwood or stone flooring that doesn’t always tick these particular boxes. Advances in technology make laminate flooring chemical resistant and have increased the efficiency of locking mechanisms that join planks, making them more secure and easy to fit.