Resilient Flooring Market Size (2024 - 2029)

The resilient flooring market is projected to experience significant growth over the forecast period, driven by a resurgence in commercial and residential construction activities following the COVID-19 pandemic. Despite initial setbacks due to lockdowns and social distancing measures, the market has rebounded, with increasing demand for luxury vinyl flooring contributing to its expansion. However, concerns regarding environmental impacts during manufacturing and the availability of alternative flooring options may pose challenges to market growth. Innovations in resilient flooring are anticipated to offer new opportunities, particularly in the Asia-Pacific region, which is expected to lead in market growth due to rising consumption in countries like China, India, and Japan.

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Market Size of Resilient Flooring Industry

Resilient Flooring Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 31.12 Billion
Market Size (2029) USD 47.88 Billion
CAGR (2024 - 2029) 8.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Resilient Flooring Market Major Players

*Disclaimer: Major Players sorted in no particular order

Resilient Flooring Market Analysis

The Resilient Flooring Market size is estimated at USD 31.12 billion in 2024, and is expected to reach USD 47.88 billion by 2029, growing at a CAGR of greater than 8% during the forecast period (2024-2029).

The COVID-19 pandemic had negatively impacted the resilient flooring market. The nationwide lockdowns and strict social distancing measures had resulted in a halt in residential and commercial construction activities across the globe, thereby affecting the market for resilient flooring. However, post-COVID pandemic, the market recovered well after the restrictions were lifted. The market recovered significantly, owing to the increasing commercial and residential construction activities across the world.

The increasing application of resilient flooring at commercial places and the increasing demand for luxury vinyl resilient flooring are expected to drive the market for resilient flooring.

The increasing concern over environmental impact during the manufacturing of flooring materials and the availability of other flooring products are expected to hinder the market's growth.

The increasing innovations in resilient flooring are expected to create opportunities for the market during the forecast period.

The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.

Resilient Flooring Industry Segmentation

Resilient flooring is usually a mixture of fillers, binders, and colors. Filler materials can include synthetic fibers, ground wood, or limestone, and the material that binds the mixture together is either asphalt or resin.

The Resilient Flooring Market is Segmented by Type (Vinyl Flooring, Poly Vinyl Chloride (PVC), Fillers, Vinyl Sheet Flooring, Rubber Flooring, Linoleum Flooring, and Other Types), Application (Commercial, Residential, and Institutional), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Report Offers Market Size and Forecasts for the Market in Value (USD) for all the Above Segments. 

Type
Vinyl Flooring
Poly Vinyl Chloride (PVC)
Fillers
Vinyl Sheet Flooring
Rubber Flooring
Linoleum Flooring
Others (Cork Flooring, Vinyl Composite Tiles, etc.)
Application
Commercial
Residential
Institutional
Geography
Asia-Pacific
China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
NORDIC
Turkey
Russia
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Nigeria
Qatar
Egypt
UAE
Rest of Middle East and Africa
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Resilient Flooring Market Size Summary

The resilient flooring market is poised for significant growth, driven by increasing construction activities in both residential and commercial sectors worldwide. The market, which experienced a downturn due to the COVID-19 pandemic, has rebounded strongly as restrictions eased, with a notable rise in demand for luxury vinyl resilient flooring. The Asia-Pacific region is expected to lead the market, fueled by robust construction activities in countries like China, India, and Japan. The region's growth is supported by rising disposable incomes and urban infrastructure development, which are spurring the demand for both residential and commercial resilient flooring solutions. Despite challenges such as environmental concerns and competition from alternative flooring products, innovations in resilient flooring are anticipated to create new opportunities for market expansion.

In North America and Europe, the resilient flooring market is also witnessing growth, driven by increasing residential construction activities. The cost-effectiveness and durability of resilient flooring make it an attractive option for both residential homes and commercial buildings. The market is characterized by a partially consolidated structure, with key players like Beaulieu International Group, Mannington Mills Inc., Mohawk Industries, Shaw Industries Group Inc., and Tarkett actively expanding their presence through strategic acquisitions and partnerships. These developments are expected to further strengthen the market's position and drive its growth trajectory over the forecast period.

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Resilient Flooring Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Application of Resilient Flooring at Commercial Places

      2. 1.1.2 Increasing Demand for Luxury Vinyl Resilient Flooring

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Increasing Concern Over Environmental Impact During Manufacturing of Flooring Materials

      2. 1.2.2 The Availability of Other Flooring Products

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Type

      1. 2.1.1 Vinyl Flooring

      2. 2.1.2 Poly Vinyl Chloride (PVC)

      3. 2.1.3 Fillers

      4. 2.1.4 Vinyl Sheet Flooring

      5. 2.1.5 Rubber Flooring

      6. 2.1.6 Linoleum Flooring

      7. 2.1.7 Others (Cork Flooring, Vinyl Composite Tiles, etc.)

    2. 2.2 Application

      1. 2.2.1 Commercial

      2. 2.2.2 Residential

      3. 2.2.3 Institutional

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Malaysia

        6. 2.3.1.6 Thailand

        7. 2.3.1.7 Indonesia

        8. 2.3.1.8 Vietnam

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Spain

        6. 2.3.3.6 NORDIC

        7. 2.3.3.7 Turkey

        8. 2.3.3.8 Russia

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Nigeria

        4. 2.3.5.4 Qatar

        5. 2.3.5.5 Egypt

        6. 2.3.5.6 UAE

        7. 2.3.5.7 Rest of Middle East and Africa

Resilient Flooring Market Size FAQs

The Resilient Flooring Market size is expected to reach USD 31.12 billion in 2024 and grow at a CAGR of greater than 8% to reach USD 47.88 billion by 2029.

In 2024, the Resilient Flooring Market size is expected to reach USD 31.12 billion.

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