Global Resilient Flooring Market Size, Share, and COVID-19 Impact Analysis, By Product (Luxury Vinyl Tiles, Vinyl Sheet & Floor Tile, Linoleum, Cork, and Rubber), By Application (Residential and Non-Residential), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Industry: Advanced Materials

RELEASE DATE Jul 2024
REPORT ID SI5123
PAGES 245
REPORT FORMAT PathSoft

Global Resilient Flooring Market Insights Forecasts to 2033

  • The Global Resilient Flooring Market Size was Valued at USD 39.12 Billion in 2023
  • The Market Size is Growing at a CAGR of 7.37% from 2023 to 2033
  • The Worldwide Resilient Flooring Market Size is Expected to Reach USD 79.65 Billion by 2033
  • North America is Expected to Grow the fastest during the forecast period.

 

Global Resilient Flooring Market

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The Resilient Flooring Market Size is Anticipated to Exceed USD 79.65 Billion by 2033, Growing at a CAGR of 7.37% from 2023 to 2033.

 

Market Overview

Resilient flooring is defined as any floor covering material other than wood, cloth, stone, concrete, or ceramic is considered resilient. Resilient flooring provides a modest bounce-back, making it comfortable underfoot. Vinyl flooring is a form of resilient flooring. Resilient flooring is appropriately titled because it focuses on resilience and durability. This large category of floor coverings includes several types of vinyl flooring, in addition to distinct products such as cork, linoleum, and rubber. Comfort and durability go hand in hand with resilient floors. Furthermore, resilient flooring is highly valued in commercial settings such as hospitals, schools, and retail establishments due to its durability and diverse design options, which allow for personalization and adherence to safety standards. Its ability to simulate more expensive flooring materials, such as hardwood and stone, at a lower cost and with less maintenance broadens its application scope. A rise in government investment in infrastructure development is an essential factor responsible for the acceleration of market expansion. Increased technological developments and modernization of machinery, in addition to expanded research and development activities in the market, will provide possibilities for the resilient flooring market.

 

Report Coverage

This research report categorizes the market for the resilient flooring market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the resilient flooring market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the resilient flooring market.

 

Global Resilient Flooring Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 39.12 Billion
Forecast Period:2023 - 2033
Forecast Period CAGR 2023 - 2033 :7.37%
2033 Value Projection:USD 79.65 Billion
Historical Data for:2019-2022
No. of Pages:245
Tables, Charts & Figures:110
Segments covered:By Product , By Application, By Region
Companies covered:: Shaw Industries Group Inc., Armstrong World Industries Inc., Karndean International Limited, IVC Group, Metroflor Corporation, Creative Panel Solutions, Pergo Pvt. Ltd., Mannington Mills, Inc., Beaulieu International Group, Mohawk Industries Inc., Forbo Flooring, Burke Industries Inc., LG HAUSYS, Gerflor Group, and Others
Pitfalls & Challenges:Covid 19 Impact Challanges, Future, Growth and Analysis

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Driving Factors

The growth of ultramodern workspaces and offices and rising urbanization will propel the resilient flooring industry to greater heights. As urbanization and economic growth drive construction projects, the demand for long-lasting, cost-effective, and visually appealing choices for flooring as resilient flooring expands. Furthermore, market participants are investing in the creation of novel flooring solutions with an environmentally green approach, such as flooring created from recycled and biodegradable materials, which is increasing the adoption of resilient flooring. This, collectively with the rising building sector, is expected to the promote adoption of resilient flooring, thus driving market growth.

 

Restraining Factors

The fluctuating pricing of the materials needed to produce resilient flooring presents another challenge for the industry. This could hinder the market's growth. Other popular flooring options, such as carpets, rugs, ceramic, and stone tiles, contribute to making it quite difficult for resilient flooring to grow.

 

Market Segmentation

The resilient flooring market share is classified into product and application.

 

  • The luxury vinyl tiles segment accounted for the largest revenue share through the forecast period.

Based on the product, the resilient flooring market is categorized into luxury vinyl tiles, vinyl sheet & floor tile, linoleum, cork, and rubber. Among these, the luxury vinyl tiles segment accounted for the largest revenue share through the forecast period. Luxury vinyl tiles are well-known for their durability and resistance to scratches, dents, dampness, and stains. This makes luxury vinyl tiles an excellent flooring option for areas with high foot traffic or exposure to spills and dampness, such as kitchens, bathrooms, and commercial establishments.

 

  • The non-residential segment is expected to grow at the highest CAGR during the forecast period.

Based on the application, the resilient flooring market is categorized into residential and non-residential. Among these, the non-residential segment is expected to grow at the highest CAGR during the forecast period. The positive characteristics of resilient flooring in terms of ease of maintenance, sterilization, slip resistance, and water resistance are expected to increase its adoption in hospital wards and clinics to maintain high levels of hygiene. The non-residential industry benefits significantly from the engineered product's ability to manufacture an infinite variety of designs and sizes.

 

Regional Segment Analysis of the Resilient Flooring Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is anticipated to hold the largest share of the resilient flooring market over the predicted timeframe.

 

Global Resilient Flooring Market

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Asia Pacific is projected to hold the largest share of the resilient flooring market over the forecast period. This is due to increased demand for residential applications and the enormous manufacturing industry. It additionally involves government measures to improve social infrastructure. Because of its continuous development in residential and commercial construction. Attributed to the region's developing construction industry. Rising commercial buildings to support infrastructure development in countries such as India and China are boosting demand for resilient flooring.

 

North America is expected to grow at the fastest CAGR growth in the resilient flooring market during the forecast period. Due to rising demand from the residential application sector, a well-established service industry highly developed manufacturing economic growth, and government measures to create social infrastructure around the region. Furthermore, resistant government rules limiting the use of hazardous flooring solutions are predicted to increase demand for linoleum and cork flooring during the projected period.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the resilient flooring market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Shaw Industries Group Inc.
  • Armstrong World Industries Inc.
  • Karndean International Limited
  • IVC Group
  • Metroflor Corporation
  • Creative Panel Solutions
  • Pergo Pvt. Ltd.
  • Mannington Mills, Inc.
  • Beaulieu International Group
  • Mohawk Industries Inc.
  • Forbo Flooring
  • Burke Industries Inc.
  • LG HAUSYS
  • Gerflor Group
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In February 2024, AHF Products launched the Ingenious Plank through several names, including Armstrong Flooring, Bruce, and Robbins. This hybrid resilient flooring provides a PVC-free alternative to standard SPC, highlighting the industry's shift toward sustainable and environmentally friendly options.

 

  • In February 2024, Mohawk Industries focused on sustainability with their Pure Tech line, which features PVC-free waterproofing, 70% recycled content, and an 80% organic, renewable core. This breakthrough marks a significant shift toward eco-friendly and sustainable solutions in the resilient flooring market.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the resilient flooring market based on the below-mentioned segments: 

 

Global Resilient Flooring Market, By Product

  • Luxury Vinyl Tiles
  • Vinyl Sheet & Floor Tile
  • Linoleum
  • Cork
  • Rubber

 

Global Resilient Flooring Market, By Application

  • Residential
  • Non-Residential

 

Global Resilient Flooring Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa  

 

Frequently Asked Questions (FAQ)

  • 1. What is the CAGR of the global resilient flooring market over the forecast period?
    The global resilient flooring market is to expand at 7.37% during the forecast period.
  • 2. Which region is expected to hold the highest share of the global resilient flooring market?
    The Asia Pacific region is expected to hold the largest share of the global resilient flooring market.
  • 3. Who are the top key players in the resilient flooring market?
    The key players in the global resilient flooring market are the Shaw Industries Group Inc., Armstrong World Industries Inc., Karndean International Limited, IVC Group, Metroflor Corporation, Creative Panel Solutions, Pergo Pvt. Ltd., Mannington Mills, Inc., Beaulieu International Group, Mohawk Industries Inc., Forbo Flooring, Burke Industries Inc., LG HAUSYS, Gerflor Group.

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