The global resilient flooring market was estimated to be US$ 40 Million in 2022 and is expected grow at a CAGR of 7.2% between 2023 to 2032.
Resilient flooring is a type of flooring material that is designed to be flexible and durable, making it a good choice for high-traffic areas or spaces where a more comfortable walking surface is desired. It is often made from synthetic materials such as vinyl, linoleum, or rubber and can be produced in a variety of colors, patterns, and textures to mimic the look of natural materials such as wood or stone.
Resilient flooring is also known for its water resistance, making it a popular choice for bathrooms, kitchens, and other moisture-prone areas. Additionally, it can be installed over concrete or subfloors, and some types of resilient flooring can be used with radiant heating systems, making it a versatile flooring option for a wide range of applications.
Resilient flooring is becoming increasingly popular due to its durability, low-maintenance requirements, and versatility. The growth in construction and renovation activities has resulted in a higher demand for flooring materials that are durable and cost-effective, and resilient flooring meets these needs.
Additionally, consumers are becoming more design-conscious and are looking for flooring options that not only meet their functional needs, but also complement the aesthetics of their homes or businesses. Resilient flooring materials are available in a wide range of colors, textures, and patterns, making it easier for consumers to find a style that fits their personal taste.
Another factor driving the demand for resilient flooring is the growing trend towards environmentally friendly building materials. Many resilient flooring materials are made from sustainable materials, such as recycled rubber or linoleum made from natural materials like linseed oil and jute.
Additionally, the manufacturing process for many resilient flooring materials is environmentally friendly, reducing their carbon footprint. The demand for resilient flooring is also growing from end-use industries such as healthcare, education, hospitality, and retail, which require flooring materials that are durable, slip-resistant, and easy to clean. Overall, the combination of durability, low-maintenance requirements, and versatility make resilient flooring a popular choice for both residential and commercial spaces.
Based on the product, the market is segmented into Luxury Vinyl Tiles, Vinyl Sheet & Floor Tile, Linoleum, Cork, and Rubber.
Among these, the Luxury vinyl tiles (LVT) is the leading segment owing to its high performance and versatility. LVT are made from a composite of vinyl and natural materials, making them durable and easy to maintain.
Additionally, LVTs are designed to mimic the look and feel of natural materials like hardwood, stone, and ceramic tile, which makes them a popular choice for consumers who want to create a high-end look in their homes or businesses without the cost and maintenance of natural materials.
LVTs are also available in a wide range of colors, textures, and patterns, which makes them versatile and easy to customize to different design styles.
The fastest growing segment in the resilient flooring market is vinyl sheet and floor tile. This is due to its low cost, ease of installation, and versatility. Vinyl sheet and floor tile are made from PVC and are available in a wide range of patterns, textures, and colors.
This makes them a popular choice for consumers who want to create a high-end look in their homes or businesses without breaking the bank. Additionally, vinyl sheet and floor tile are easy to install and maintain, making them an attractive option for consumers who want a durable and low-maintenance flooring option.
Based on the application, the market is segmented into Residential, Non-residential.
Among these, the non-residential segment is the largest mainly because, it is widely used in commercial spaces such as healthcare, education, hospitality, and retail. These spaces require flooring materials that are durable, slip-resistant, and easy to clean, which are all characteristics of resilient flooring.
Additionally, non-residential spaces often have higher traffic levels than residential spaces, and resilient flooring materials are designed to withstand heavy foot traffic.
The residential segment is the fastest-growing in the resilient flooring market, as consumers are becoming more design-conscious and are looking for flooring options that not only meet their functional needs, but also complement the aesthetics of their homes.
Resilient flooring materials are available in a wide range of colors, textures, and patterns, making it easier for consumers to find a style that fits their personal taste.
Additionally, the trend towards eco-friendly building materials is also driving demand for resilient flooring in residential spaces, as many resilient flooring materials are made from sustainable materials, such as recycled rubber or linoleum made from natural materials like linseed oil and jute. The combination of durability, low-maintenance requirements, and versatility make resilient flooring a popular choice for both residential and commercial spaces.
Geographically, the global resilient flooring market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Following are some of the major trends in these regions –
In North America, the demand for resilient flooring is driven by the growth in residential and non-residential construction, as well as the increasing demand for durable and low-maintenance flooring options. Consumers in North America are also becoming more design-conscious and are looking for flooring options that not only meet their functional needs, but also complement the aesthetics of their homes or businesses.
In Europe, the demand for resilient flooring is driven by the trend towards eco-friendly building materials and the increasing demand for durable and low-maintenance flooring options. Consumers in Europe are also becoming more design-conscious and are looking for flooring options that not only meet their functional needs, but also complement the aesthetics of their homes or businesses.
In Asia-Pacific, the demand for resilient flooring is driven by the growth in construction and renovation activities, as well as the increasing demand for durable and low-maintenance flooring options. The increasing consumer preference for aesthetics and design options is also driving demand for resilient flooring in Asia-Pacific.
Key growth strategies adopted by companies operating in the global resilient flooring market include expanding their product portfolio, increasing investment in research and development, and expanding their global presence through partnerships, joint ventures, and acquisitions. Companies are also focusing on enhancing their brand image through marketing and advertising campaigns, and by offering high-quality products at competitive prices.
Another key strategy adopted by companies in the resilient flooring market is to increase their production capacity and streamline their supply chain to meet the growing demand for their products. Companies are also investing in sustainability initiatives and environmentally-friendly products to meet the growing demand for eco-friendly building materials.
Additionally, companies are also focusing on developing innovative and unique flooring products to stand out in a crowded market and to attract customers looking for unique and high-quality flooring solutions.
Some of the biggest companies operating in the global resilient flooring market are Beaulieu International Group, Fatra a.s., Forbo Flooring Systems, Gerflor, Interface, Inc., IVC Group, Mohawk Industries Inc., MONDO S.p.A, Shaw Industries Group, Inc., Tarkett S.A, and many more.
By Product:
By Application:
By Region
The resilient flooring market size was valued at US$ 40 Million in 2022.
The resilient flooring market is estimated to exhibit a CAGR of 7.2% from 2023 to 2032.
North America is the largest regional market for resilient flooring. In North America, the demand for resilient flooring is driven by the growth in residential and non-residential construction, as well as the increasing demand for durable and low-maintenance flooring options.
The major applications of resilient flooring market include Beaulieu International Group, Fatra a.s., Forbo Flooring Systems, Gerflor, Interface, Inc., IVC Group, Mohawk Industries Inc., MONDO S.p.A, Shaw Industries Group, Inc., Tarkett S.A, and many more.
Beaulieu International Group, Fatra a.s., Forbo Flooring Systems, Gerflor, Interface, Inc., IVC Group, Mohawk Industries Inc., MONDO S.p.A, Shaw Industries Group, Inc., Tarkett S.A, among others, are the prominent market players in the resilient flooring industry.
Resilient flooring is becoming increasingly popular due to its durability, low-maintenance requirements, and versatility. The growth in construction and renovation activities has resulted in a higher demand for flooring materials that are durable and cost-effective, and resilient flooring meets these needs.
The fastest growing segment in the resilient flooring market is vinyl sheet and floor tile. This is due to its low cost, ease of installation, and versatility.
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