Resilient Flooring Market Report
RA07916
Resilient Flooring Market by Product (Luxury Vinyl Tiles, Vinyl Sheet & Floor Tile, Linoleum, Cork, and Rubber), Application (Residential and Non-residential), and Region (North America, Europe, Asia-Pacific, and LAMEA): Opportunity Analysis and Industry Forecast, 2023-2032
Resilient Flooring Overview
Resilient flooring, a durable and versatile type of flooring material, has gained significant popularity in the market. It encompasses various materials like vinyl, linoleum, rubber, and cork, known for their ability to withstand wear and tear while maintaining an appealing aesthetic. These materials are widely utilized in both residential and commercial spaces due to their resilience to heavy foot traffic, moisture, and stains. Vinyl flooring, one of the most common types, offers a range of options, such as luxury vinyl tiles (LVT) and vinyl sheets. LVT mimics the appearance of natural materials like wood and stone, providing a cost-effective alternative with enhanced durability.
Global Resilient Flooring Market Analysis
The global resilient flooring market size was $39.3 million in 2022 and is predicted to grow at a CAGR of 6.8%, by generating a revenue of $75.9 million by 2032.
COVID-19 Impact on Global Resilient Flooring Market
The COVID-19 pandemic has significantly influenced the resilient flooring market. The demand for resilient flooring materials, such as vinyl, linoleum, and rubber, experienced notable shifts due to changing consumer behaviors and economic uncertainties. Lockdowns, remote working, and reduced commercial activities led to a decline in new installations and renovations, impacting the demand for resilient flooring products. Supply chain disruptions hindered the availability of raw materials, affecting production schedules. Conversely, as hygiene concerns surged, resilient flooring's easy-to-clean nature and durability became more appealing, particularly in healthcare facilities, essential businesses, and residential spaces. The market saw a gradual shift from non-essential renovations to necessary replacements and installations.
The market's future depends on factors like the pace of economic recovery, evolving design trends, and the adoption of sustainable practices. As societies adapt to the pandemic's aftermath, the resilient flooring market is expected to rebound, driven by a blend of postponed projects, changing preferences, and a growing emphasis on interior spaces’ functionality and aesthetics.
Rapid Adoption in Commercial and Residential Construction to Drive the Market Growth
The rising demand for inclusive flooring in commercial residences and the rapid development in infrastructure sector are the major factors predicted to boost the growth of the global resilient flooring market during the forecast period. In addition, increase in the government investment in infrastructure development is a crucial factor responsible for the upliftment of the market growth. Besides, affordable price of these resilient flooring and increase in the rapid urbanization along with the growing construction sector in developing countries including India, China, and others are factors among others driving the growth of the resilient flooring market.
Availability of Other Flooring Products to Restrain the Market Growth
The availability of substitute to resilient flooring, such as carpet, area, rugs, laminates, ceramic tiles, and others is the factor expected to restrict the market growth. Moreover, resilient flooring can lack the warmth and aesthetic appeal that natural materials, such as hardwood or stone provide. The synthetic nature of these materials may result in a less inviting ambiance in interior spaces. Another concern lies in the potential for indentation and permanent damage from heavy furniture or sharp objects. While resilient flooring is designed to bounce back from impacts, it is not entirely impervious to dents and scratches.
Advancements in Resilient Flooring to Drive Excellent Opportunities
The future holds exciting possibilities for personalized resilient flooring options. From a wide array of textures, patterns, and colors to customizable designs, this industry will cater to diverse aesthetic preferences. Resilient flooring's potential in promoting healthier indoor environments is gaining attention. Innovations could include antimicrobial surfaces, allergen resistance, and noise reduction, contributing to occupant well-being. Furthermore, the resilient flooring market has witnessed steady growth due to its blend of functionality and aesthetics. With advancements in manufacturing, these materials now offer an extensive array of colors, patterns, and textures, catering to various design preferences. Resilient flooring's ability to imitate high-end materials while being more affordable and easier to maintain has driven its demand. As sustainability gains importance, the eco-friendly aspects of materials like linoleum and cork have attracted environmentally conscious consumers. This flooring segment's adaptability to diverse spaces and consumer needs has solidified its position in the modern market.
Global Resilient Flooring Market Share, by Product, 2022
The luxury vinyl tiles sub-segment accounted for the highest market share in 2022. This is mainly because luxury vinyl tiles (LVT’s) realistic resemblance to natural materials like wood or stone imparts a high-end aesthetic. This appeals to consumers seeking elegance on a budget. LVT's durability is remarkable; it withstands heavy foot traffic, resists scratches, and copes well with moisture – attributes that assure a longer lifespan compared to alternatives. Installation convenience is another feather in LVT's cap. With user-friendly installation methods like click-and-lock systems, LVT becomes an attractive option for both professionals and DIY enthusiasts. Maintenance is minimal, demanding no elaborate procedures or special cleaning agents. This simplicity aligns with modern, fast-paced lifestyles. Furthermore, LVT's adaptability to various settings, from residential to commercial, broadens its appeal. It can replicate diverse textures, finishes, and patterns, providing versatility that suits various interior design visions.
Global Resilient Flooring Market Share, by Application, 2022
The non-residential sub-segment accounted for the highest market share in 2022. Resilient flooring finds its dominance primarily in non-residential applications due to its exceptional durability and versatility. Such flooring is designed to withstand high levels of foot traffic, heavy equipment, and frequent cleaning, making it ideal for commercial and public spaces. Its inherent resilience against wear, tear, stains, and moisture ensures that it maintains its appearance and functionality over extended periods, reducing the need for frequent replacements. In settings like offices, retail stores, healthcare facilities, and educational institutions, where foot traffic is incessant, resilient flooring stands strong against the daily grind. Its ability to mimic the look of natural materials, such as wood or stone, without their inherent vulnerabilities, offers aesthetic appeal alongside unmatched durability. Additionally, the ease of maintenance contributes to its popularity; regular cleaning routines suffice to keep it in pristine condition. Furthermore, non-residential spaces often require flooring with specific performance features, like slip resistance and noise reduction, which resilient flooring can readily offer.
Global Resilient Flooring Market Share, by Region, 2022
The Asia-Pacific resilient flooring market generated the largest revenue in 2022. The dominance of the region can be attributed to a convergence of factors. Firstly, the region’s diverse climate and environmental conditions, ranging from humid tropics to chilly winters, necessitate flooring materials that can withstand such variations without deteriorating. Resilient flooring, known for its durability and adaptability, fits this requirement effectively. In addition, cultural practices and traditions play a role. Many Asian countries have a tradition of removing shoes before entering homes, which increases the need for flooring that can handle direct contact and is easy to clean. Resilient flooring, with its low-maintenance and stain-resistant properties, aligns with this cultural norm. Moreover, rapid urbanization and industrialization in the Asia-Pacific region have led to increased demand for cost-effective and quickly installable flooring solutions. Resilient flooring, often available in the form of convenient tiles or sheets, fits this demand due to its ease of installation and affordability compared to other flooring options.
Competitive Scenario in the Global Resilient Flooring Market
Product development and investment are the common strategies followed by the key companies. Some of the leading resilient flooring market players are Beaulieu International Group, Mohawk Industries Inc., Shaw Industries Group, Inc., Gerflor, Forbo Flooring Systems, Fatra a.s, Interface, Inc., Tarkett S.A, IVC Group, and MONDO S.p.A.
| Aspect | Particular |
| Historical Market Estimations | 2020-2021 |
| Base Year for Market Estimation | 2022 |
| Forecast Timeline for Market Projection | 2023-2032 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Product |
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| Segmentation by Application |
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| Key Companies Profiled |
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Q1. What is the size of the global resilient flooring market?
A. The size of the global resilient flooring market was over $39.3 million in 2022 and is projected to reach $75.9 million by 2032.
Q2. Which are the major companies in the resilient flooring market?
A. Beaulieu International Group, Mohawk Industries Inc., Shaw Industries Group, Inc., and Gerflor.
Q3. What are the strategies opted by the leading players in this market?
A. Product development and investment are the two key strategies opted by the operating companies in this market.
Q4. Which companies are investing more on R&D practices?
A. Forbo Flooring Systems, Fatra a.s, Interface, Inc., Tarkett S.A, IVC Group, and MONDO S.p.A. are the companies investing more on R&D activities.
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1. RESEARCH METHODOLOGY
1.1. Desk Research
1.2. Real time insights and validation
1.3. Forecast model
1.4. Assumptions and forecast parameters
1.5. Market size estimation
1.5.1. Top-down approach
1.5.2. Bottom-up approach
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2. REPORT SCOPE
2.1. Market definition
2.2. Key objectives of the study
2.3. Report overview
2.4. Market segmentation
2.5. Overview of the impact of COVID-19 on Global Resilient Flooring Market
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3. EXECUTIVE SUMMARY
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4. MARKET OVERVIEW
4.1. Introduction
4.2. Growth impact forces
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.3. Market value chain analysis
4.3.1. List of raw material suppliers
4.3.2. List of manufacturers
4.3.3. List of distributors
4.4. Innovation & sustainability matrices
4.4.1. Technology matrix
4.4.2. Regulatory matrix
4.5. Porter’s five forces analysis
4.5.1. Bargaining power of suppliers
4.5.2. Bargaining power of consumers
4.5.3. Threat of substitutes
4.5.4. Threat of new entrants
4.5.5. Competitive rivalry intensity
4.6. PESTLE analysis
4.6.1. Political
4.6.2. Economical
4.6.3. Social
4.6.4. Technological
4.6.5. Environmental
4.7. Impact of COVID-19 on Resilient Flooring Market
4.7.1. Pre-covid market scenario
4.7.2. Post-covid market scenario
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5. Resilient Flooring Market , By Material
5.1. Overview
5.2 Residential
5.2.1 Definition, key trends, growth factors, and opportunities
5.2.2 Market size analysis, by region, 2020-2027
5.2.3 Market share analysis, by country, 2020-2027
5.3 Non-Residential
5.3.1 Definition, key trends, growth factors, and opportunities
5.3.2 Market size analysis, by region, 2020-2027
5.3.3 Market share analysis, by country, 2020-2027
5.4 Research Dive Exclusive Insights
5.4.1 Market attractiveness
5.4.2 Competition heatmap
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6. Resilient Flooring Market , By Raw Material
6.1. Overview
6.2 Luxury Vinyl Tiles
6.2.1 Definition, key trends, growth factors, and opportunities
6.2.2 Market size analysis, by region, 2020-2027
6.2.3 Market share analysis, by country, 2020-2027
6.3 Vinyl Sheet & Floor Tile
6.3.1 Definition, key trends, growth factors, and opportunities
6.3.2 Market size analysis, by region, 2020-2027
6.3.3 Market share analysis, by country, 2020-2027
6.4 Linoleum
6.4.1 Definition, key trends, growth factors, and opportunities
6.4.2 Market size analysis, by region, 2020-2027
6.4.3 Market share analysis, by country, 2020-2027
6.5 Cork
6.5.1 Definition, key trends, growth factors, and opportunities
6.5.2 Market size analysis, by region, 2020-2027
6.5.3 Market share analysis, by country, 2020-2027
6.6 Rubber
6.6.1 Definition, key trends, growth factors, and opportunities
6.6.2 Market size analysis, by region, 2020-2027
6.6.3 Market share analysis, by country, 2020-2027
6.7 Research Dive Exclusive Insights
6.7.1 Market attractiveness
6.7.2 Competition heatmap
7. Resilient Flooring Market , By Region
7.1 North America
7.1.1 U.S
7.1.1.1 Market size analysis, By Material, 2020-2027
7.1.1.2 Market size analysis, By Raw Material, 2020-2027
7.1.2 Canada
7.1.2.1 Market size analysis, By Material, 2020-2027
7.1.2.2 Market size analysis, By Raw Material, 2020-2027
7.1.3 Mexico
7.1.3.1 Market size analysis, By Material, 2020-2027
7.1.3.2 Market size analysis, By Raw Material, 2020-2027
7.1.4 Research Dive Exclusive Insights
7.1.4.1 Market attractiveness
7.1.4.2 Competition heatmap
7.2 Europe
7.2.1 Germany
7.2.1.1 Market size analysis, By Material, 2020-2027
7.2.1.2 Market size analysis, By Raw Material, 2020-2027
7.2.2 UK
7.2.2.1 Market size analysis, By Material, 2020-2027
7.2.2.2 Market size analysis, By Raw Material, 2020-2027
7.2.3 France
7.2.3.1 Market size analysis, By Material, 2020-2027
7.2.3.2 Market size analysis, By Raw Material, 2020-2027
7.2.4 Spain
7.2.4.1 Market size analysis, By Material, 2020-2027
7.2.4.2 Market size analysis, By Raw Material, 2020-2027
7.2.5 Italy
7.2.5.1 Market size analysis, By Material, 2020-2027
7.2.5.2 Market size analysis, By Raw Material, 2020-2027
7.2.6 Rest of Europe
7.2.6.1 Market size analysis, By Material, 2020-2027
7.2.6.2 Market size analysis, By Raw Material, 2020-2027
7.2.7 Research Dive Exclusive Insights
7.2.7.1 Market attractiveness
7.2.7.2 Competition heatmap
7.3 Asia-Pacific
7.3.1 China
7.3.1.1 Market size analysis, By Material, 2020-2027
7.3.1.2 Market size analysis, By Raw Material, 2020-2027
7.3.2 Japan
7.3.2.1 Market size analysis, By Material, 2020-2027
7.3.2.2 Market size analysis, By Raw Material, 2020-2027
7.3.3 India
7.3.3.1 Market size analysis, By Material, 2020-2027
7.3.3.2 Market size analysis, By Raw Material, 2020-2027
7.3.4 Australia
7.3.4.1 Market size analysis, By Material, 2020-2027
7.3.4.2 Market size analysis, By Raw Material, 2020-2027
7.3.5 South Korea
7.3.5.1 Market size analysis, By Material, 2020-2027
7.3.5.2 Market size analysis, By Raw Material, 2020-2027
7.3.6 Rest of Asia-Pacific
7.3.6.1 Market size analysis, By Material, 2020-2027
7.3.6.2 Market size analysis, By Raw Material, 2020-2027
7.3.7 Research Dive Exclusive Insights
7.3.7.1 Market attractiveness
7.3.7.2 Competition heatmap
7.4 LAMEA
7.4.1 Brazil
7.4.1.1 Market size analysis, By Material, 2020-2027
7.4.1.2 Market size analysis, By Raw Material, 2020-2027
7.4.2 Saudi Arabia
7.4.2.1 Market size analysis, By Material, 2020-2027
7.4.2.2 Market size analysis, By Raw Material, 2020-2027
7.4.3 UAE
7.4.3.1 Market size analysis, By Material, 2020-2027
7.4.3.2 Market size analysis, By Raw Material, 2020-2027
7.4.4 South Africa
7.4.4.1 Market size analysis, By Material, 2020-2027
7.4.4.2 Market size analysis, By Raw Material, 2020-2027
7.4.5 Rest of LAMEA
7.4.5.1 Market size analysis, By Material, 2020-2027
7.4.5.2 Market size analysis, By Raw Material, 2020-2027
7.4.6 Research Dive Exclusive Insights
7.4.6.1 Market attractiveness
7.4.6.2 Competition heatmap
8. Competitive Landscape
8.1 Top winning strategies, 2020-2027
8.1.1 By strategy
8.1.2 By year
8.2 Strategic overview
8.3 Market share analysis, 2020-2027
9. Company Profiles
9.1 Sanitech
9.1.1 Overview
9.1.2 Business segments
9.1.3 Product portfolio
9.1.4 Financial performance
9.1.5 Recent developments
9.1.6 SWOT analysis
9.2 Satellite Industries
9.2.1 Overview
9.2.2 Business segments
9.2.3 Product portfolio
9.2.4 Financial performance
9.2.5 Recent developments
9.2.6 SWOT analysis
9.3 ADCO International
9.3.1 Overview
9.3.2 Business segments
9.3.3 Product portfolio
9.3.4 Financial performance
9.3.5 Recent developments
9.3.6 SWOT analysis
9.4 B&B Portable Toilets
9.4.1 Overview
9.4.2 Business segments
9.4.3 Product portfolio
9.4.4 Financial performance
9.4.5 Recent developments
9.4.6 SWOT analysis
9.5 Camco Manufacturing, Inc.
9.5.1 Overview
9.5.2 Business segments
9.5.3 Product portfolio
9.5.4 Financial performance
9.5.5 Recent developments
9.5.6 SWOT analysis
9.6 PolyJohn Enterprises Corp.
9.6.1 Overview
9.6.2 Business segments
9.6.3 Product portfolio
9.6.4 Financial performance
9.6.5 Recent developments
9.6.6 SWOT analysis
9.7 Shorelink International
9.7.1 Overview
9.7.2 Business segments
9.7.3 Product portfolio
9.7.4 Financial performance
9.7.5 Recent developments
9.7.6 SWOT analysis
9.8 NuConcepts
9.8.1 Overview
9.8.2 Business segments
9.8.3 Product portfolio
9.8.4 Financial performance
9.8.5 Recent developments
9.8.6 SWOT analysis
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