Market Size of Germany Resilient Flooring Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 10.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Germany Resilient Flooring Market Analysis
Germany constitutes a major share of the resilient floor covering market in the Western European Union. The German resilient flooring market is expected to register a CAGR of greater than 10% during the forecast period, 2021-2026.
Due to COVID-19, the industry is experiencing a strong slowdown in the economy, which restricted the construction of housing and building projects, thus affecting the market for resilient floor coverings. The lockdown restrictions have also limited the new purchases of resilient flooring in Germany. It is anticipated to bounce back during the forecast period (2021-2026) with the changing situations and customers' approach toward the pandemic.
The market for resilient floor coverings is mature and recorded stable growth during the study period, owing to the slowdown of the economy, which led to weak real estate and construction activities. The most important factor driving the growth of the resilient flooring market is the availability of these flooring at economical prices. Resilient flooring is considerably durable and easier to afford in do-it-yourself (DIY) traditions. Thus, the majority of consumers prefer products that are cost-effective, easy to install, and do not involve more timelines. Even though a progression of dedicated online players is shaping the distribution channel in the country, a trend of going to the store is still dominating the market, as most consumers still prefer to go to a specialist store to speak to an expert, to seek help through recommendations, and to physically witness the product before making a purchase.
Resilient flooring material is a blend of synthetic and natural materials. It was primarily designed for commercial spaces. This has been the result of research and development dedicated to produce and introduce product ranges that are more durable, lightweight, and more natural in their appearance. Such features and properties of resilient flooring have been making it popular for applications in the residential sector as well. Technological advancements and product innovations and developments by resilient flooring manufacturers, higher preference for economical, comfortable, lightweight, and durable flooring materials, and the need for better aesthetics in residential and commercial settings are other factors driving the market. As a result of the above-mentioned factors, revenue from the German resilient flooring market is projected to register a substantially high growth rate during the forecast period.
Germany Resilient Flooring Industry Segmentation
Resilient floors are polymer floors engineered for comfort, flexibility, and design. Often resilient flooring is associated with vinyl tile, cork, and rubber flooring. A complete background analysis of the German resilient flooring market, which includes an assessment of the parental market, emerging trends by segments, significant changes in market dynamics, and market overview, is covered in the report. The market is segmented by product type (LVT, vinyl sheets, linoleum, rubber, fiberglass, and other product types), end user (residential and commercial), and distribution channel (offline stores and online stores). The report offers the market size and forecasts in value (USD) for all the above segments.
By Product Type | |
LVT | |
Vinyl Sheets | |
Linoluem | |
Rubber | |
Fiberglass | |
Other Product Types |
By End User | |
Residential | |
Commercial |
By Distribution Channel | |
Offline Stores | |
Online Stores |
Germany Resilient Flooring Market Size Summary
The German resilient flooring market is a significant component of the Western European Union's floor covering industry, characterized by its mature and stable growth trajectory. Despite the economic slowdown induced by the COVID-19 pandemic, which temporarily hindered construction activities and new purchases, the market is poised for recovery. The affordability and durability of resilient flooring, combined with its ease of installation, have made it a preferred choice among consumers, particularly in the do-it-yourself segment. While online distribution channels are emerging, traditional retail stores remain popular as consumers value expert advice and the ability to physically inspect products before purchase. The market's growth is further supported by technological advancements and product innovations that enhance the aesthetic and functional qualities of resilient flooring, making it increasingly appealing for both residential and commercial applications.
The construction industry in Germany, a key driver of the resilient flooring market, continues to expand, contributing significantly to the European Union's economy. This growth is bolstered by specialization in areas like acoustic and prefabricated construction systems, which in turn fuels demand for floor coverings. A shift in consumer preferences is evident, with younger generations favoring modern, vibrant flooring solutions over traditional options like carpets and wooden flooring. This trend is reflected in the evolving societal attitudes towards decor. The market is competitive, with major international players dominating, yet mid-size and smaller companies are gaining ground through technological innovations and strategic market expansions. Notable developments include Milliken's acquisition of Zebra-chem and Interface's commitment to sustainability through the use of recycled materials in its luxury vinyl tiles.
Germany Resilient Flooring Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain/Supply Chain Analysis
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1.5 Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 LVT
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2.1.2 Vinyl Sheets
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2.1.3 Linoluem
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2.1.4 Rubber
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2.1.5 Fiberglass
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2.1.6 Other Product Types
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2.2 By End User
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Offline Stores
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2.3.2 Online Stores
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Germany Resilient Flooring Market Size FAQs
What is the current Germany Resilient Flooring Market size?
The Germany Resilient Flooring Market is projected to register a CAGR of greater than 10% during the forecast period (2024-2029)
Who are the key players in Germany Resilient Flooring Market?
Milliken Flooring, Forbo Flooring GmbH, Nora Systems GmbH*, Tarkett SA and Gerflor are the major companies operating in the Germany Resilient Flooring Market.