Resilient Flooring Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Resilient Flooring Market
The resilient flooring market size was valued at USD 29.62 billion in 2019, and the market is now projected to grow from USD 29.62 billion in 2019 to USD 58.11 billion by 2032, exhibiting a CAGR of 9.3% during the forecast period of 2019-2032.
COVID-19 disrupted worldwide construction activities because of lockdowns, shortages of manpower, and raw materials. Projects inside the U.S., China, Japan, and India face irregularities because of supply chain constraints and restricted access to on-web page initiatives. Around 87% of contractors reported delays inside the U.S., but with proper government tips, creation projects are anticipated to renew, boosting demand. Regional governments' help in tax regulations and financial incentives is predicted to guide resilient flooring market growth restoration.
Residential and industrial construction contractors are more and more the use of resilient flooring due to their smooth surface, easy cleaning, and moisture resistance. The LEED rating machine is gaining significance in the creation enterprise, leading to modern interior designs. Vinyl ground coverings with LEED ratings are increasingly famous among inexperienced building contractors international, making them an attractive choice for residential and commercial creation tasks.
The call for sustainable floors solutions is on the upward push because of environmental issues and strict government regulations. Leading players are introducing sustainable flooring alternatives, inclusive of Interface Inc.'s Luxury Vinyl Tile (LVT) below the 'Brushed Line' emblem, which makes use of 39% pre-customer recycled material. This material is likewise utilized in different LVT products.
Comprehensive Analysis of Resilient Flooring Market
Luxury vinyl tiles (LVT) are popular flooring options that mimic the appearance of wood or stone, often available in do-it-yourself formats. These tiles are coated with polymers like polyurethane, offering excellent stain and scratch resistance. New LVT product launches by leading manufacturers are driving market growth. Vinyl sheets, which mimic wood, stone, and metal flooring, are trending among renters due to their durability and aesthetic appeal. Rubber tiles are expanding their applications in kitchens, living rooms, sports academies, educational institutes, and commercial spaces due to their comfort and moisture endurance. Linoleum flooring, made from natural materials like solid linseed oil and fillers, is gaining popularity due to its biodegradable nature, low VOC emissions, durability, and lower maintenance. Commercial sectors like corporate offices, retail stores, educational institutes, and sports clubs are adopting resilient products as affordable and durable flooring solutions. Private investment in commercial infrastructure development is creating potential opportunities for market growth.
The Asia Pacific region lead the resilient flooring market share by benefitting a market size of USD 12.02 billion in 2019 due to factors like industrialization and infrastructural trends in emerging Asian countries. Private investment in retail, housing, industrial, and hospitality sectors is also using the region's boom. The real estate sector in India is projected to attain USD 1 trillion by using 2030, and office leasing space in India reached over 60 million square toes in 2019.
The resilient floors market is ruled via local and worldwide players, main to improved competition. Major gamers are that specialize in growing new products and increasing their client base globally. Key organizations within the marketplace consist of Mohawk Industries, Tarkett S.A., Shaw Industries Group Inc., Armstrong World Industries Inc., Mannington Mills, Forbo Flooring, LG HAUSYS, Gerflor Group, Interface Inc., Beaulieu International Group, Novalis Innovative Flooring, and Polyflor Ltd.
Tarkett S.A. Plans to invest 70 million euros over 3 years to increase the manufacturing functionality of expensive vinyl tiles in Europe and North America, with 50 million euros allocated to Alabama and the ultimate €70 million to Poland and Luxembourg.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD Billion) and Volume (Million Square Feet)
Segmentation Product Type, Application and Geography
By Product Type
Luxury Vinyl Tile
Vinyl Sheet & Floor Tile
Rubber
Linoleum
Others
By Application
Residential
Commercial
Others
By Geography
North America
By Product Type
By Application
By Country
The U.S.
Canada
Europe
By Product Type
By Application
By Country
Germany
UK
France
Russia
Rest of Europe
Asia Pacific
By Product Type
By Application
By Country
China
India
Japan
ASEAN
Rest of Asia Pacific
Latin America
By Product Type
By Application
By Country
Brazil
Mexico
Rest of Latin America
Middle East & Africa
By Product Type
By Application
By Sub-Region
Middle East
Africa
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Key Trends
- 4. Key Insights
- 4.1. Key Insights – For Major Countries
- 4.2. Latest Technological Developments
- 4.3. Key Developments
- 4.4. Regulatory Standards
- 4.5. PEST Analysis
- 4.6. PORTER’s Analysis
- 5. COVID-19 Impact Analysis
- 5.1. Supply Chain Challenges
- 5.2. Steps Taken by Government/Companies to combat COVID-19
- 5.3. Potential Opportunities due to COVID-19 Outbreak
- 6. Global Resilient Flooring Market Analysis, Insights and Forecast, 2016-2027, By Product Type
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast
- 6.2.1. Vinyl Luxury Tile
- 6.2.2. Vinyl Sheet & Floor Tile
- 6.2.3. Rubber
- 6.2.4. Linoleum
- 6.2.5. Others
- 7. Global Resilient Flooring Market Analysis, Insights and Forecast, 2016-2027, By Application
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast
- 7.2.1. Residential
- 7.2.2. Commercial
- 7.2.3. Industrial
- 8. Global Resilient Flooring Market Analysis, Insights and Forecast, 2016-2027, By Region
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast
- 8.2.1. North America
- 8.2.2. Europe
- 8.2.3. Asia Pacific
- 8.2.4. Latin America
- 8.2.5. Middle East & Africa
- 9. North America Resilient Flooring Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast
- 9.2.1. By Product Type (Value & Volume)
- 9.2.1.1. Vinyl Luxury Tile
- 9.2.1.2. Vinyl Sheet & Floor Tile
- 9.2.1.3. Rubber
- 9.2.1.4. Linoleum
- 9.2.1.5. Others
- 9.2.2. By Application (Value & Volume)
- 9.2.2.1. Residential
- 9.2.2.2. Commercial
- 9.2.2.3. Industrial
- 9.2.3. By Country (Value & Volume)
- 9.2.3.1. U.S
- 9.2.3.1.1. By Application (Value & Volume)
- 9.2.3.1.1.1. Residential
- 9.2.3.1.1.2. Commercial
- 9.2.3.1.1.3. Industrial
- 9.2.3.2. Canada
- 9.2.3.2.1. By Application (Value & Volume)
- 9.2.3.2.1.1. Residential
- 9.2.3.2.1.2. Commercial
- 9.2.3.2.1.3. Industrial
- 10. Europe Resilient Flooring Market Analysis, Insights and Forecast, 2016-2027
- 10.1. Key Findings / Summary
- 10.2. Market Analysis, Insights and Forecast
- 10.2.1. By Product Type (Value & Volume)
- 10.2.1.1. Vinyl Luxury Tile
- 10.2.1.2. Vinyl Sheet & Floor Tile
- 10.2.1.3. Rubber
- 10.2.1.4. Linoleum
- 10.2.1.5. Others
- 10.2.2. By Application (Value & Volume)
- 10.2.2.1. Residential
- 10.2.2.2. Commercial
- 10.2.2.3. Industrial
- 10.2.3. By Country (Value & Volume)
- 10.2.3.1. Germany
- 10.2.3.1.1. By Application (Value & Volume)
- 10.2.3.1.1.1. Residential
- 10.2.3.1.1.2. Commercial
- 10.2.3.1.1.3. Industrial
- 10.2.3.2. UK
- 10.2.3.2.1. By Application (Value & Volume)
- 10.2.3.2.1.1. Residential
- 10.2.3.2.1.2. Commercial
- 10.2.3.2.1.3. Industrial
- 10.2.3.3. France
- 10.2.3.3.1. By Application (Value & Volume)
- 10.2.3.3.1.1. Residential
- 10.2.3.3.1.2. Commercial
- 10.2.3.3.1.3. Industrial
- 10.2.3.4. Russia
- 10.2.3.4.1. By Application (Value & Volume)
- 10.2.3.4.1.1. Residential
- 10.2.3.4.1.2. Commercial
- 10.2.3.4.1.3. Industrial
- 10.2.3.5. Rest of Europe
- 10.2.3.5.1. By Application (Value & Volume)
- 10.2.3.5.1.1. Residential
- 10.2.3.5.1.2. Commercial
- 10.2.3.5.1.3. Industrial
- 11. Asia Pacific Resilient Flooring Market Analysis, Insights and Forecast, 2016-2027
- 11.1. Key Findings / Summary
- 11.2. Market Analysis, Insights and Forecast
- 11.2.1. By Product Type (Value & Volume)
- 11.2.1.1. Vinyl Luxury Tile
- 11.2.1.2. Vinyl Sheet & Floor Tile
- 11.2.1.3. Rubber
- 11.2.1.4. Linoleum
- 11.2.1.5. Others
- 11.2.2. By Application (Value & Volume)
- 11.2.2.1. Residential
- 11.2.2.2. Commercial
- 11.2.2.3. Industrial
- 11.2.3. By Country (Value & Volume)
- 11.2.3.1. China
- 11.2.3.1.1. By Application (Value & Volume)
- 11.2.3.1.1.1. Residential
- 11.2.3.1.1.2. Commercial
- 11.2.3.1.1.3. Industrial
- 11.2.3.2. India
- 11.2.3.2.1. By Application (Value & Volume)
- 11.2.3.2.1.1. Residential
- 11.2.3.2.1.2. Commercial
- 11.2.3.2.1.3. Industrial
- 11.2.3.3. Japan
- 11.2.3.3.1. By Application (Value & Volume)
- 11.2.3.3.1.1. Residential
- 11.2.3.3.1.2. Commercial
- 11.2.3.3.1.3. Industrial
- 11.2.3.4. ASEAN
- 11.2.3.4.1. By Application (Value & Volume)
- 11.2.3.4.1.1. Residential
- 11.2.3.4.1.2. Commercial
- 11.2.3.4.1.3. Industrial
- 11.2.3.5. Rest of Asia Pacific
- 11.2.3.5.1. By Application (Value & Volume)
- 11.2.3.5.1.1. Residential
- 11.2.3.5.1.2. Commercial
- 11.2.3.5.1.3. Industrial
- 12. Latin America Resilient Flooring Market Analysis, Insights and Forecast, 2016-2027
- 12.1. Key Findings / Summary
- 12.2. Market Analysis, Insights and Forecast
- 12.2.1. By Product Type (Value & Volume)
- 12.2.1.1. Vinyl Luxury Tile
- 12.2.1.2. Vinyl Sheet & Floor Tile
- 12.2.1.3. Rubber
- 12.2.1.4. Linoleum
- 12.2.1.5. Others
- 12.2.2. By Application (Value & Volume)
- 12.2.2.1. Residential
- 12.2.2.2. Commercial
- 12.2.2.3. Industrial
- 12.2.3. By Country (Value & Volume)
- 12.2.3.1. Brazil
- 12.2.3.1.1. By Application (Value & Volume)
- 12.2.3.1.1.1. Residential
- 12.2.3.1.1.2. Commercial
- 12.2.3.1.1.3. Industrial
- 12.2.3.2. Mexico
- 12.2.3.2.1. By Application (Value & Volume)
- 12.2.3.2.1.1. Residential
- 12.2.3.2.1.2. Commercial
- 12.2.3.2.1.3. Industrial
- 12.2.3.3. Rest of Latin America
- 12.2.3.3.1. By Application (Value & Volume)
- 12.2.3.3.1.1. Residential
- 12.2.3.3.1.2. Commercial
- 12.2.3.3.1.3. Industrial
- 13. Middle East & Africa Resilient Flooring Market Analysis, Insights and Forecast, 2016-2027
- 13.1. Key Findings / Summary
- 13.2. Market Analysis, Insights and Forecast
- 13.2.1. By Product Type (Value & Volume)
- 13.2.1.1. Vinyl Luxury Tile
- 13.2.1.2. Vinyl Sheet & Floor Tile
- 13.2.1.3. Rubber
- 13.2.1.4. Linoleum
- 13.2.1.5. Others
- 13.2.2. By Application (Value & Volume)
- 13.2.2.1. Residential
- 13.2.2.2. Commercial
- 13.2.2.3. Industrial
- 13.2.3. By Sub-Region (Value & Volume)
- 13.2.3.1. Middle East
- 13.2.3.1.1. By Application (Value & Volume)
- 13.2.3.1.1.1. Residential
- 13.2.3.1.1.2. Commercial
- 13.2.3.1.1.3. Industrial
- 13.2.3.2. Africa
- 13.2.3.2.1. By Application (Value & Volume)
- 13.2.3.2.1.1. Residential
- 13.2.3.2.1.2. Commercial
- 13.2.3.2.1.3. Industrial
- 14. Competitive Landscape
- 14.1. Company Market Share Analysis, 2019
- 14.2. Company Profiles
- 14.2.1. Mohawk Industries*
- 14.2.1.1. Overview
- 14.2.1.2. Product Portfolio
- 14.2.1.3. Recent Developments
- 14.2.1.4. Financials (Based on availability)
- 14.2.2. Tarkett S.A.
- 14.2.2.1. Overview
- 14.2.2.2. Product Portfolio
- 14.2.2.3. Recent Developments
- 14.2.2.4. Financials (Based on availability)
- 14.2.3. Shaw Industries Group Inc.
- 14.2.3.1. Overview
- 14.2.3.2. Product Portfolio
- 14.2.3.3. Recent Developments
- 14.2.3.4. Financials (Based on availability)
- 14.2.4. Armstrong World Industries Inc.
- 14.2.4.1. Overview
- 14.2.4.2. Product Portfolio
- 14.2.4.3. Recent Developments
- 14.2.4.4. Financials (Based on availability)
- 14.2.5. Mannington Mills, Inc.
- 14.2.5.1. Overview
- 14.2.5.2. Product Portfolio
- 14.2.5.3. Recent Developments
- 14.2.5.4. Financials (Based on availability)
- 14.2.6. Forbo Flooring
- 14.2.6.1. Overview
- 14.2.6.2. Product Portfolio
- 14.2.6.3. Recent Developments
- 14.2.6.4. Financials (Based on availability)
- 14.2.7. LG HAUSYS
- 14.2.7.1. Overview
- 14.2.7.2. Product Portfolio
- 14.2.7.3. Recent Developments
- 14.2.7.4. Financials (Based on availability)
- 14.2.8. Gerflor Group
- 14.2.8.1. Overview
- 14.2.8.2. Product Portfolio
- 14.2.8.3. Recent Developments
- 14.2.8.4. Financials (Based on availability)
- 14.2.9. Interface Inc.
- 14.2.9.1. Overview
- 14.2.9.2. Product Portfolio
- 14.2.9.3. Recent Developments
- 14.2.9.4. Financials (Based on availability)
- 14.2.10. Beaulieu International Group
- 14.2.10.1. Overview
- 14.2.10.2. Product Portfolio
- 14.2.10.3. Recent Developments
- 14.2.10.4. Financials (Based on availability)
- 14.2.11. James Halstead PLC
- 14.2.11.1. Overview
- 14.2.11.2. Product Portfolio
- 14.2.11.3. Recent Developments
- 14.2.11.4. Financials (Based on availability)
- 14.2.12. Polyflor Ltd.
- 14.2.12.1. Overview
- 14.2.12.2. Product Portfolio
- 14.2.12.3. Recent Developments
- 14.2.12.4. Financials (Based on availability)
- 14.2.13. Congoleum
- 14.2.13.1. Overview
- 14.2.13.2. Product Portfolio
- 14.2.13.3. Recent Developments
- 14.2.13.4. Financials (Based on availability)
- 14.2.14. NOX Corporation
- 14.2.14.1. Overview
- 14.2.14.2. Product Portfolio
- 14.2.14.3. Recent Developments
- 14.2.14.4. Financials (Based on availability)
- 15. Strategic Recommendation
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