Wood and Laminate Flooring Market Size, Share, Growth Analysis, By Product(Wood Flooring, Laminate Flooring.), By Application(Residential, Commercial) - Industry Forecast 2024-2031

In January 2023, Tarkett, a renowned French multinational corporation specializing in floor and wall coverings, unveiled its latest innovation: the Aqua+ water-resistant laminate flooring line. These new clothes are made of the latest technology thus they are water-resistant. Having such a characteristic, Aqua+ is an ideal flooring material to use in places with a high level of humidity, like kitchens and bathrooms.

In March 2023, Armstrong Flooring, a prominent manufacturer of exceptional flooring solutions for both residential and commercial needs, announced the upcoming introduction of its luxe vinyl flooring collection. This range dubbed Impressions covers the whole variety of flooring types: very realistic wood designs as well as stylish stone looks. The focus of Impressions will be on premium commercial and residential spaces, and it is likely to make a substantial difference in the market for flooring.

In February 2023, Mohawk Industries, a well-known American flooring manufacturer that operates in both the residential and commercial sectors, finalized an acquisition by buying Mannington Mills, a leading firm globally in fine residential and commercial flooring. Such a strategic move is expected to strengthen Mohawk's position in the flooring manufacturing on a global scale, and it will help the company to stay a major player on the market.