The Resilient Flooring Market size is estimated at USD 31.12 billion in 2024, and is expected to reach USD 47.88 billion by 2029, growing at a CAGR of greater than 8% during the forecast period (2024-2029).
The COVID-19 pandemic had negatively impacted the resilient flooring market. The nationwide lockdowns and strict social distancing measures had resulted in a halt in residential and commercial construction activities across the globe, thereby affecting the market for resilient flooring. However, post-COVID pandemic, the market recovered well after the restrictions were lifted. The market recovered significantly, owing to the increasing commercial and residential construction activities across the world.
The increasing application of resilient flooring at commercial places and the increasing demand for luxury vinyl resilient flooring are expected to drive the market for resilient flooring.
The increasing concern over environmental impact during the manufacturing of flooring materials and the availability of other flooring products are expected to hinder the market's growth.
The increasing innovations in resilient flooring are expected to create opportunities for the market during the forecast period.
The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.
The resilient flooring market is partially consolidated in nature. Some of the major players in the market include (not in any particular order) Beaulieu International Group, Mannington Mills Inc., Mohawk Industries, Shaw Industries Group Inc., and Tarkett.
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