How Has the Resilient Flooring Market Evolved Historically and What is its Current Size?
The resilient flooring market has seen considerable growth due to a variety of factors.
• The market size of resilient flooring has seen a healthy expansion in the past few years. The market is projected to grow from $37.35 billion in 2024 to $39.7 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.3%.
Factors such as its durability and low maintenance, its use in commercial and residential construction, environmentally friendly alternatives, mounting urbanization, and renovation and remodeling endeavors contributed to the surge witnessed in the historic period.
What is the Forecasted Market Size and CAGR for the Resilient FlooringMarket?
The resilient flooring market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the resilient flooring market is projected to experience robust expansion. Its value is estimated to rise to $52.7 billion by 2029, with a compound annual growth rate (CAGR) of 7.3%.
This predicted growth during the forecast period can be traced back to the healthcare and hospitality industries' expansion, innovative designs and aesthetics of resilient flooring in sports facilities, the introduction of anti-microbial and easily cleanable surfaces, environmental regulations and certifications, as well as the advent of smart connected flooring solutions. Key trends for the forecast period encompass luxury vinyl tiles and planks, hybrid and rigid core flooring, eco-friendly recycled flooring materials, digital design printing technology, modular resilient flooring in click-lock formats, and integrated floor heating and cooling systems.
What Are The Primary Growth Drivers In The Resilient Flooring Market?
The resilient flooring market is experiencing growth due to rapid urbanization. A combination of economic, political, and social factors, along with the progression of modernization, is causing a demographic shift from rural to urban areas. The development of contemporary office spaces, accelerated urbanization, and changing lifestyles are creating demand for innovative flooring materials. For example, the United Nations Department of Economic and Social Affairs reports that currently, 55% of the world's population resides in urban areas, a figure expected to increase to 68% by 2050. Consequently, this speedy urbanization is propelling the expansion of the resilient flooring market.
What Is The Segmentation Of The Global Resilient Flooring Market?
The resilient flooring market covered in this report is segmented –
1) By Product Type: Luxury Vinyl Tile, Vinyl Sheet and Floor Tile, Rubber, Linoleum, Other Product Types (Cork)
2) By Construction Activity: Resilient Flooring for Renovation, Resilient Flooring for New Construction
3) By Application: Residential, Commercial, Other Applications (Industrial)
Subsegments:
1) By Luxury Vinyl Tile: Wood Look, Stone Look, Patterned Designs
2) By Vinyl Sheet and Floor Tile: Sheet Vinyl, Vinyl Tiles, Commercial Vinyl
3) By Rubber: Rubber Tiles, Rubber Sheets, Rubber Rolls
4) By Linoleum: Sheet Linoleum, Tile Linoleum
5) By Other Product Types: Cork, Bamboo, Foam Flooring
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What Emerging Trends Are Shaping The Resilient Flooring Market Landscape?
The rise of technology is a leading trend that's becoming increasingly popular in the resilient flooring market. As more consumers are exploring ways to make their homes environmentally-friendly, trends like solar paneling and energy conservation are becoming more common. Consequently, numerous homeowners are turning to green building materials. However, the production of resilient flooring necessitates the use of nonrenewable resources, complicating the fulfillment of consumers' demand for sustainable materials. For example, in March 2024, Mohawk Industries, a USA-based flooring manufacturer, launched PureTech - a line of resilient flooring devoid of PVC and specifically designed with an emphasis on performance and environmental sustainability. PureTech, consisting of no PVC plastics, carries a solid 70% of total recycled content, including an 80% renewable organic core, which makes it one of the most eco-friendly flooring options available. This waterproof flooring provides high-grade wear, stain protection, and three times the scratch resistance of conventional alternatives.
Who Are the Key Players in the Resilient Flooring Market?
Major companies operating in the resilient flooring market include:
• Mohawk Industries Inc.
• Tarkett S.A
• Shaw Industries Group Inc.
• Armstrong World Industries Inc.
• Forbo Flooring UK Ltd.
• Global Flooring Group
• Interface Inc.
• Beaulieu International NV
• Novalis Innovative Flooring
• Congoleum Corp.
• IVC Group of Belgium
• Amtico International Co. Ltd.
• Mannington Mills Ltd.
• Unilin of Belgium
• Milliken and Company
• Fatra AS
• American Biltrite Inc.
• Polyflor Ltd.
• Burke Industries Inc.
• Karndean International Limited
• Berkshire Hathaway Inc.
• Alite floor LLC
• Pergo Pvt. Ltd.
• DLW Flooring GmbH
• Metroflor Corporation
• Raskin Industries LLC
• Parterre Flooring Systems LLC
• Gerbert Limited
• LG Hausys Ltd.
• Hanwha L&C Corporation
• Metroflor Corporation
• Parterre Flooring Systems
• Burke Industries Inc.
• Creative Panel Solutions
What are the Regional Insights into the Resilient Flooring Market?
Asia-Pacific was the largest region in the resilient flooring market in 2024 and is also expected to be the fastest-growing region during the forecast period. The regions covered in the resilient flooring market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
