Almanac Market Data
Overall, the wood and laminate flooring markets continue to increase their share of the floor coverings market as residential and commercial buyers’ preference for these durable and design-oriented products continues to grow. According to Catalina Research, the hardwood flooring market rose 5.9% in 2016, reaching $3.64 billion. Laminate flooring, which faces greater competition from low-cost imports, showed minimal gain last year, less than 1%, to reach $956 million.