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%.
What is the Global 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 colors, 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.
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What drives the Global Resilient Flooring Market?
Rapid urbanization is contributing to the growth of the resilient flooring market. Economic, political, and social issues will combine with the circumstances of modernization to make people migrate from rural areas to urban areas. The expansion of modern offices, rapid urbanization, and evolving lifestyles are paving the way for the growth of newer flooring substances. For instance, according to flashpacking data from 2019, by 2050, 68% of the world population is projected to live in urban areas. Urbanization is attractive to rural citizens for many reasons, and it creates a quality of life. Thus, rapid urbanization will drive the growth of the resilient flooring market.
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Global Resilient Flooring Market Segments
The global resilient flooring market is segmented:
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 regions covered in the resilient flooring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Resilient Flooring Global Market Report 2022provides market size and growth forecasts for the global resilient flooring market, global resilient flooring market share, resilient flooring market segments and geographies, resilient flooring market competitive landscape including leading competitors’ revenues, profiles and market shares. The resilient flooring market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Resilient Flooring Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
