Resilient Flooring Market Size & Growth Analysis to 2030

The global resilient flooring market size is anticipated to register a significant CAGR of over 6% during the forecast period from 2023 to 2030. The significant growth in residential building construction especially in developing countries coupled with the rising environmental concerns during the manufacturing of flooring materials is a prominent factor driving the industry growth. Furthermore, the benefits associated with resilient floorings such as waterproofing, scratch resistance, durability, and odor-proofing are further anticipated to increase the demand for resilient flooring in various applications. Moreover, the rapid growth in urbanization and the significant expansion of ultramodern workspaces and offices are anticipated to propel the market growth over the forecast period.

Market Snapshot:

Market Drivers:

Increasing Construction and Renovation Activities: The resilient flooring market has benefited from the growth in construction and renovation activities across residential, commercial, and industrial sectors. As construction projects increase, the demand for flooring materials, including resilient flooring, also rises. The versatility, durability, and aesthetic appeal of resilient flooring make it a popular choice for both new constructions and renovation projects.

Growing Focus on Sustainability: The demand for sustainable and eco-friendly flooring options has been on the rise. Resilient flooring, particularly products made from recycled materials or those that are recyclable, has gained popularity due to its reduced environmental impact. Resilient flooring manufacturers have been incorporating sustainable practices into their production processes, including the use of renewable resources and reducing energy consumption. The emphasis on sustainability has contributed to the growth of the resilient flooring market.

Advancements in Technology and Design: Technological advancements have improved the quality and performance of resilient flooring products. Innovative manufacturing techniques have allowed for the creation of durable, low-maintenance, and aesthetically pleasing flooring options. Advancements in printing technology have enabled the production of realistic and customizable designs, including wood, stone, and tile patterns, enhancing the appeal of resilient flooring. The combination of technology and design advancements has attracted consumers and contributed to market growth.

Benefits of Resilient Flooring: Resilient flooring offers several advantages that have contributed to its increasing popularity. It is known for its durability, resistance to wear, stains, and scratches, and ease of maintenance. Resilient flooring is also comfortable to walk on, reducing foot fatigue, and offers good sound insulation properties. It is moisture-resistant, making it suitable for areas prone to spills or moisture, such as kitchens and bathrooms. These benefits have made resilient flooring a preferred choice for residential, commercial, and institutional applications.

Rapid Urbanization and Population Growth: The rapid pace of urbanization and population growth has fueled the demand for housing, infrastructure, and commercial spaces. Resilient flooring finds extensive use in these sectors due to its versatility, durability, and cost-effectiveness. As more people move to urban areas and construction activities escalate, the demand for resilient flooring materials has increased, driving market growth.

Growing Awareness of Health and Safety: Resilient flooring is known for its hygienic properties, as it is easy to clean and resistant to mold and bacteria growth. This aspect has become particularly relevant in sectors such as healthcare, hospitality, and education, where cleanliness and hygiene are critical. Resilient flooring’s ability to contribute to a healthy and safe indoor environment has driven its adoption in spaces where hygiene is of utmost importance.

Affordability and Cost-effectiveness: Resilient flooring is generally more affordable compared to other flooring options such as hardwood, stone, or ceramic tiles. It offers a cost-effective solution without compromising on performance and aesthetics. The cost advantage of resilient flooring has made it a popular choice, especially in large-scale projects where cost considerations play a significant role.

Ease of Installation: Resilient flooring is relatively easy to install, which is advantageous for both professionals and do-it-yourself (DIY) enthusiasts. The availability of resilient flooring in various formats, such as sheets, tiles, or planks, allows for flexible installation options to suit different spaces and preferences. The ease of installation has contributed to the market growth, as it reduces installation time and costs.

Market Insights:

By product, the luxury vinyl tiles segment dominated the global resilient flooring market in the benchmark year

The global resilient flooring market is bifurcated into product, application, and geography. On the basis of product, the market is segmented into luxury vinyl tiles, vinyl sheet & floor tile, linoleum, and others. The luxury vinyl tiles segment is expected to hold the largest revenue share of over 1/3 market share and is estimated to register the highest CAGR over the end of the analysis period. The higher preference among consumers for the product is one of the key factor driving the segment growth due to its durability and low cost. On the flip side, the vinyl sheet & floor tiles segment is expected to grow at a significant growth rate over the forecast period due to its lower maintenance, higher durability, and cost-effectiveness.

By application, the non-residential application segment is anticipated to dominate the global market by 2030

On the basis of application, the market is bifurcated into residential and non-residential. The non-residential segment dominated the global resilient flooring market in 2022 and expected to hold the largest revenue share of around 2/3 market share by the end of the analysis period. The rapid expansion of non-residential construction across the globe is one of the key factor driving the segment growth. On the other hand, the residential application segment is expected to grow at a significant growth rate over the forecast period. Low cost, higher durability, stain resistance, and dirt resistance are some major benefits to increase the demand for product in residential applications.

To know more about the research study, request sample papers

The resilient flooring comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2030. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The resilient flooring market research report presents the analysis of each segment from 2020 to 2030 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2030.

Historical & Forecast Period

• 2020-21 – Historical Year
• 2022 – Base Year
• 2023-2030 – Forecast Period

Market Segmentation:

By Product:

• Luxury Vinyl Tiles
• Vinyl Sheet & Floor Tile
• Linoleum
• Cork
• Rubber

By Application:

• Residential
• Non-residential

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Regional Analysis:

By region, the Asia Pacific is expected to register the fastest CAGR over the forecast period

On the basis of region, the Asia Pacific is estimated to hold the largest revenue share of over 1/3 market share by the end of the analysis period. The region is also estimated to register the fastest CAGR over the forecast period. The surging economical conditions and the growing construction industry especially in developing economies are some major factors driving the industry growth in the region. Furthermore, the presence of a large consumer base, low labor costs, and the availability of raw materials are further anticipated to fuel the market growth in the Asia Pacific.

Geographically, the resilient flooring market report comprises dedicated sections centering on the regional market revenue and trends. The resilient flooring market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The resilient flooring market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Resilient flooring market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2030.

Competitive Assessment:

Some of the prominent market players operating in the global resilient flooring market are Beaulieu International Group, Mohawk Industries Inc., Shaw Industries Group, Inc., Gerflor, and Forbo Flooring Systems. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

• 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

Key Questions Answered by Resilient Flooring Market Report

• Global resilient flooring market forecasts from 2023-2030
• Regional market forecasts from 2023-2030 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
• Country-level forecasts from 2023-2030 covering 15 major countries from the regions as mentioned above
• Resilient flooring submarket forecasts from 2023-2030 covering the market by product, application, and geography
• Various industry models such as SWOT analysis, Value Chain Analysis about the market
• Analysis of the key factors driving and restraining the growth of the global, regional, and country-level resilient flooring markets from 2023-2030
• Competitive Landscape and market positioning of the top 10 players operating in the market