Global Resilient Flooring Market Size, Forecasts, And Opportunities – Mohawk Industries, Tarkett S.A, Shaw Industries Group Inc
Learn about the global resilient flooring market through The Business Research Company, which provides information on resilient flooring market size, resilient flooring market drivers and restraints, resilient flooring market players, the COVID-19 impact on the resilient flooring market, and more.
The global resilient flooring market size is expected to grow from $31.85 billion in 2021 to $34.45 billion in 2022 at a compound annual growth rate (CAGR) of 8.15%. The growth in the market is mainly due to the companies’ resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global resilient flooring product market size is expected to reach $47.27 billion in 2026 at a CAGR of 8.23%.
Rapid urbanisation is contributing to the growth of the resilient flooring market.
The resilient flooring market consists of sales of resilient flooring products by entities (organizations, sole traders, and partnerships) that refer to polymer floors engineered for comfort, flexibility, and design. Resilient flooring is a combination of fillers, binders, and colours, and it is also known as vinyl flooring. Filler materials include synthetic fibers, limestone, and mineral fillers like asbestos. The material that binds the mixture together will be either asphalt or resin. Resilient flooring consists of linoleum, asphalt, vinyl, rubber, wood, and cork.
Global Resilient Flooring Market Segments Include:
By Product Type: Luxury Vinyl Tile, Vinyl Sheet and Floor Tile, Rubber, Linoleum, Others (Cork)
By Construction Activity: Resilient Flooring for Renovation, Resilient Flooring for New Construction
By Application: Residential, Commercial, Others (Industrial)
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the resilient flooring market in 2021 and is also expected to be the fastest-growing region in the global resilient floorings market during the forecast period.
Technological advancement is a key trend gaining popularity in the resilient flooring market. More consumers are looking for ideas to make homes more sustainable. With trends such as solar panelling and energy efficiency, more and more homeowners are using eco-friendly building materials. Resilient flooring requires non-renewable resources for manufacturing, which makes it difficult to deal with consumers’ preference for sustainable materials.
Major Market Players: Mohawk Industries, Tarkett S.A, Shaw Industries Group Inc, Armstrong World Industries Inc, Forbo Flooring, Gerflor Group, Interface Inc, Beaulieu International Group, Novalis Innovative Flooring, Congoleum, IVC Group of Belgium, Amtico International Co. Ltd of the United Kingdom, Mannington Mills Ltd of the United States, Unilin of Belgium, Milliken and Company of the United States, Nora, Fatra a.s., American Biltrite Inc, Polyflor Ltd, Burke Industries Inc, Karndean International Limited, Berkshire Hathaway Inc, Alite floor, Pergo, Domco Tarkett Inc, and DLW Flooring.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Resilient Flooring Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides resilient flooring market overviews, analyzes and forecasts market size, share, resilient flooring market players, resilient flooring market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s resilient flooring market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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