Resilient Flooring Market: Global Industry Analysis and Forecast (2023-2029)

Resilient Flooring Market size was valued at US$ 44.47 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 7.2% from 2023 to 2029, reaching nearly US$ 72.36 Bn.
Resilient Flooring Market Overview:
The concept "resilient flooring" refers to the kind of flooring that falls in the middle of hard floors like stone and soft floors like carpet. The majority of the materials used to create resilient floor coverings are already resilient in some way. Polymer floors made of resilient material are designed to be cosy, flexible, and beautiful. Linoleum, rubber, and vinyl are examples of resilient flooring materials. The most widely used of these is vinyl. To distinguish them from flooring, these resilient materials are referred to informally as floor coverings. Permanent building elements like tile and wood are referred to as flooring.
Resilient Flooring Market Snapshot
To know about the Research Methodology :- Request Free Sample Report

Report scope:

The purpose of the report is to provide market participants with a comprehensive insight of the resilient flooring market. The market's past and present circumstances, as well as anticipated market size and trends, are all examined in the report. Additionally, it offers a simple analysis of difficult data. The key players do active and in-depth research, including new entrants, market leaders, and followers. The analysis displays the findings of the PORTER and PESTEL analyses in addition to the potential outcomes of the market's microeconomic elements. Due to study of internal and external elements that could have a good or negative impact on the organisation, decision-makers will have a clear futuristic view of the market.

The report also aids readers in understanding the structure and dynamics of the market for resilient flooring by analysing market segmentation and projecting market size. With its clear demonstration of the competitive analysis of the top firms in the resilient flooring market by price, financial situation, product, product portfolio, expansion plans, and geographical presence, the research serves as a resource for investors.

To analyze and forecast the market for resilient flooring, we started by gathering data on the main providers' sales. The market is segmented based on Product (Luxury Vinyl Tiles, Vinyl Sheet & Floor Tile, Linoleum, Cork, and Rubber) and Application (Residential, and Non-residential), taking into account the goods provided by vendors. After doing primary research to confirm these divisions, in-depth interviews with relevant individuals, including chief executive officers (CEOs), vice presidents (VPs), directors, and executives, were done.

Bottom-up methods are used to estimate the market's size. The top companies in the resilient flooring market are identified, and secondary and primary research is conducted to estimate their market shares. Primary research meant consulting with significant thought leaders and business leaders in the sector, such as CEOs and marketing executives, as opposed to secondary research, which involved reading the annual and financial reports of the top manufacturers. IVC Group, Mannington Mills, Inc., Mohawk Industries, NOX Corporation, and Shaw Floors are just a few of the most major rivals in the global resilient flooring market for the duration of the forecast period. To increase their market shares and possibilities for development, these businesses are continually considering mergers and acquisitions.
Resilient Flooring Market Dynamics:
During the forecast period, it is expected that increased investments in the construction industry and rising demand for aesthetic building enhancements will drive demand for resilient flooring. As major economies around the world paused and delayed construction projects, the ongoing COVID-19 outburst had a huge impact on supply chains. As a result, both the residential and non-residential sectors have seen a decrease in demand for resilient flooring materials. However, the scenario is expected to have better in 2022 due to the ease of lockdown and international trade limitations, which would restore the market's growth trajectory.

The retailing and distribution of resilient flooring have been significantly impacted by the COVID-19 outbreak. In the first quarter of 2020, e-commerce sales of resilient flooring products grew as customers turned to online retail channels to meet their needs. For instance, in the first quarter of 2020, Lowe's e-commerce sales increased by 80%.

Due to the commercial availability of robust products, the advancement of hassle-free installation methods, and the increased demand for ecologically friendly materials, the market in the United States is expected to grow. Additionally, the market is expected to benefit from improvements in construction solutions that include qualities like high durability and low maintenance.

The high initial cost of setting up a flooring facility is expected to be an obstacle for new businesses looking to enter the resilient flooring market. Additionally, it is expected that the fluctuating pricing of raw materials, such as polyvinyl chloride (PVC), as a result of the volatility in crude oil prices, will have a negative impact on market growth. Because of its exceptional qualities, including stability, low environmental impact, and ease of maintenance, resilient flooring products are a popular choice for commercial flooring applications. During the forecast period, rising construction spending for industrial growth across the globe is expected to boost market growth.

The growth of environmentally friendly flooring materials like linoleum, hardwood, and bamboo is expected to drive market growth. Additionally, during the forecast period, technical trends including the manufacturing of waterproof floorings such wood plastic composite (WPC) with high aesthetic value are expected to experience rapid growth.
Resilient Flooring Market Segment Analysis:
The Resilient Flooring Market is segmented by Product, and Application.

Based on the Product, the market is segmented into Luxury Vinyl Tiles, Vinyl Sheet & Floor Tile, Linoleum, Cork, and Rubber. Luxury Vinyl Tiles segment is expected to hold the largest market share of xx% by 2029. The products' increasing commercial availability and advantages including better aesthetics, less maintenance, and simple installation are the key drivers of its rising appeal in both residential and commercial flooring applications.

Vinyl Sheet & Floor Tile segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Due to their water-resistance, vinyl sheets and floor tiles are expected to have significant increase during the forecast period. Additionally, the goods' low maintenance requirements and long product lifespan are expected to increase their popularity in household end-use spaces such laundry rooms, baths, kitchens, and moisture-prone areas.

Linoleum materials last longer and are more durable than vinyl alternatives. These floor coverings are completely biodegradable because they are made using jute resin, flax plant, limestone, and wood flour. The need for biodegradable materials for flooring is expected to rise as waste management and recycling become more important in developed economies like the United States, the United Kingdom, and Germany.

The majority of resilient flooring utilised in commercial and institutional buildings is rubber flooring. This is due to the fact that they are appropriate for severe conditions because to their waterproof and slip-resistant qualities. Primarily utilised on dance floors, health clubs, fitness centres, and other high-impact areas are natural and synthetic rubber floor tiles.

Based on the Application, the market is segmented into Residential, and Non-residential. Non-residential segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Resilient flooring's benefits in terms of ease of maintenance, sterilisation, slip resistance, and water resistance are factors that are expected to encourage its use in hospital wards and clinics to maintain the highest levels of hygiene.

Resilient flooring is primarily employed in non-residential sectors due to the many advantages of this engineered product as well as its capacity to produce an infinite number of shapes and styles. Additionally, it is expected that the penetration of resilient flooring products would grow with customised solutions in the design and dimension of the products.

Residential segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Small and single-family homes, apartment buildings, complexes, and residential buildings all fall under the category of residential applications for resilient flooring. Due to their resistance to slip, shock, stain, and filth, resilient flooring is primarily employed in these structures. Additionally, robust materials' ability to act as a cushion is driving demand.

The demand for flooring materials is expected to increase as a result of population growth and an increase in demand for single-family and multi-family residential spaces in major countries including India, China, South Africa, Turkey, and the Middle Eastern economy. Rising disposable income and the simple availability of mortgage loans are attributed as factors of this trend.
Resilient Flooring Market, by Product Type in 2022(%)

Resilient Flooring Market Regional Insights:
The North American region is expected to dominate the Resilient Flooring Market during the forecast period 2023-2029. The North American region is expected to hold the largest market share of xx% by 2029. This is due to increasing residential application demand, a highly established manufacturing sector, and regional government efforts to build social infrastructure.

Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Due to the ongoing growth of its residential and commercial building industries, the U.K. accounted for a significant share of the resilient flooring market in Europe in terms of consumption. It is expected that rising construction activity in London and consumer expenditure on commercial real estate would increase demand for products from the U.K. commercial construction industry.
Resilient Flooring Market Scope: Inquire before buying



Global Resilient Flooring Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 44.47 Bn.


Forecast Period 2023 to 2029 CAGR:
7.2%
Market Size in 2029:
US $ 72.36 Bn.


 Segments Covered:
by Product
Luxury Vinyl Tiles
Vinyl Sheet & Floor Tile
Linoleum
Cork
Rubber


by Production Process
Inlaid
Printed


by Component
Polyvinyl Chloride Resins
Plasticizers
Trace Stabilizers
Pigments
Others


by Application
Residential
Non-residential



Resilient Flooring Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Resilient Flooring Market, Key Players are
1.IVC Group
2. Mannington Mills, Inc.
3. Mohawk Industries
4. NOX Corporation
5. Shaw Floors
6. Nora
7. Novalis
8. Milliken & Company
9. Unilin
10. Amtico International Limited
11. Armstrong World Industries, Inc.
12. Tarkett S.A.
13. Gerflor
14. Responsive Industries Ltd.
15. Interface, INC.
16. Lonseal Corporation
17. Carpet One Australasia Pty Ltd
18. PERGO
19. Polyflor Ltd
20. Congoleum Corporation
21. American Biltrite Inc.
22. Alite Floor
23. AFI Licensing LLC

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Resilient Flooring Market?
Ans. The North American region is expected to hold the highest share in the Resilient Flooring Market.

2] Who are the top key players in the Resilient Flooring Market?
Ans. IVC Group, Mannington Mills, Inc., Mohawk Industries, NOX Corporation, and Shaw Floors are the top key players in the Resilient Flooring Market.

3] Which segment is expected to hold the largest market share in the Resilient Flooring Market by 2029?
Ans. Luxury Vinyl Tiles segment is expected to hold the largest market share in the Resilient Flooring Market by 2029.

4] What is the market size of the Resilient Flooring Market by 2029?
Ans. The market size of the Resilient Flooring Market is expected to reach US $72.36 Bn. by 2029.

5] What was the market size of the Resilient Flooring Market in 2022?
Ans. The market size of the Resilient Flooring Market was worth US $44.47 Bn. in 2022.