Resilient Flooring Market (By Product: Luxury Vinyl Tiles, Vinyl Sheet & Floor Tile, Linoleum, Cork, Rubber; By Application: Residential, Non-residential) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2022 2030

The global resilient flooring market size was valued at USD 37.7 billion in 2021, and is predicted to be worth around USD 66.7 billion by 2030, registering a CAGR of 6.2% during the forecast period 2022 to 2030.

Growth Factors

Factors such as rapid urbanization, changing consumer lifestyle along rising disposable income in the emerging economies of India, China, Brazil, Mexico, and others have spurred market growth. The increasing real estate sector in these economies has substantially driven the market demand for resilient flooring solutions.

The market is struggling due to the underperformance of the construction sector caused by the Covid-19 pandemic. This has resulted in a decline in the demand for resilient flooring products from the residential and non-residential sectors. Despite the relaxation in restrictions, construction and manufacturing sectors are not expected to resume normal operations until the end of 2021.

The market has witnessed extensive competition on account of increasing innovations and growing demand for resilient flooring products. A large number of manufacturers are engaged in R&D activities to introduce sustainable flooring materials. Moreover, players in the market are extending their geographical presence and enhancing their product portfolios to sustain the competitive environment

Report Coverage

Report Scope Details
Market Size US$ 66.7 billion by 2030
Growth Rate CAGR of 6.2% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Product, Application
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Beaulieu International Group; Mohawk Industries Inc.; Shaw Industries Group, Inc.; Gerflor; Forbo Flooring Systems; Fatra a.s.; Interface, Inc.; Tarkett S.A; IVC Group; MONDO S.p.A

By Product Analysis

The luxury vinyl tile product segment led the market and accounted for more than 38% share of the global revenue in 2020. Commercial availability of the products coupled with benefits like improved aesthetics, less maintenance, and easy installation are the factors for its growing popularity in residential and commercial flooring applications

The vinyl sheet and floor tile segment is expected to witness significant growth over the forecast period on account of their water-resistant property. In comparison to vinyl solutions, linoleum products have better longevity and durability. These floor coverings are manufactured using jute resin, flax plant, limestone, and wood flour that makes them 100% biodegradable. 

Rubber floorings are majorly used resilient flooring in institutions and commercial spaces. This is attributed to their waterproof and slip resistance properties, which make them suitable for harsh environments. 

By Application Analysis

The non-residential segment led the market and accounted for more than 64.2% of the global revenue share in 2020. Ease of maintenance, sterilization, slip, and water resistance associated with resilient flooring are factors expected to promote the applications in hospital wardrooms and clinics for maintaining maximum hygiene levels.

Resilient flooring is majorly used in non-residential sectors on account of numerous benefits associated with this engineered product along with its ability to create unlimited possibilities of designs and styles. 

The residential application segment for resilient flooring is inclusive of residential buildings, apartments, complexes, and small and single-family houses. Resilient floorings are majorly used in these structures on account of resistance to slip, shock, stain, and dirt.

By Regional Analysis

North America dominated the market and accounted for over 33.0% share of global revenue in 2020, owing to the rising demand from residential applications, extensively developed manufacturing industry, and government initiatives to develop social infrastructure across the region.

In Asia Pacific, China dominated the market owing to rising construction projects, higher adoption of LVT, vinyl sheets & floor tiles, and rubber floorings in residential as well as non-residential construction projects.

The growth of the market in Central and South America is attributed to the growth in emerging economies including Brazil, Argentina, Chile, and Peru. Rising consumer awareness regarding the benefits of appropriate flooring and the presence of key manufacturers such as Mannington Mills, Inc., Armstrong Flooring, Inc., and Milliken is projected to have a major impact on the rising penetration of resilient flooring products.

Key Players

  • Beaulieu International Group

  • Mohawk Industries, Inc.

  • Shaw Industries Group, Inc.

  • Gerflor

  • Forbo Flooring Systems

  • Fatra a.s.

  • Interface, Inc.

  • Tarkett S.A.

  • IVC Group

  • Mondo S.p.A 

Market Segmentation

  • By Product 

    • Luxury Vinyl Tiles

    • Vinyl Sheet & Floor Tile

    • Linoleum

    • Cork

    • Rubber

  • By Application 

    • Residential

    • Non-residential

  • Regional

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • U.K.

      • Germany

      • Spain

      • Italy

      • France

      • Russia

    • Asia Pacific

      • China

      • Japan

      • India

      • South Korea

      • Singapore

      • Australia

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Saudi Arabia

      • United Arab Emirates

The resilient flooring market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of resilient flooring market for the base year 2022 and the forecast between 2022 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global resilient flooring market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the resilient flooring market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted resilient flooring market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the resilient flooring capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of resilient flooring by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global resilient flooring market. These figures have been provided in terms of both revenue and volume for the period 2019 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major resilient flooring market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of resilient flooring market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the resilient flooring industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

resilient flooring market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to resilient flooring market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of resilient flooring market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new resilient flooring market. These factors have benefited the growth of the global market for resilient flooring. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for resilient flooring. The global market is segmented on the basis of region, application, end-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of resilient flooring are as follows:

  • History Year: 2019-2021
  • Base Year: 2022
  • Forecast Year 2022  to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2019-2022) and forecast (2022-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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