U.S. flooring trends good for wood: a recent study projects laminate and hardwood flooring will continue to gain market share at the expense of carpet
Slide over hardwood; there's going to be a new Leader in town.
By 2009, U.S. demand for laminate flooring will overtake hardwood, surpassing the long-time favorite by a score of 1.85 billion square feet to 1.45 billion.
According to The Freedonia Group, which conducted the Hard Surface Flooring study, Laminate flooring demand is forecast to grow 15 percent per year, compared to an annual growth rate in demand of 4.8 percent for hardwood flooring.
2014 projections also show Laminate flooring outpacing hardwood flooring, with demand at 2.95 billion square feet compared to hardwood's 1.80 billion square feet. (See chart, p. 54