The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

The Resilient Flooring Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Resilient Flooring Global Market Report 2024, The resilient flooring market size has grown strongly in recent years. It will grow from $35.38  billion in 2023 to $37.59  billion in 2024 at a compound annual growth rate (CAGR) of 6.3%.  The  growth in the historic period can be attributed to durability and low maintenance, commercial and residential construction, eco-friendly and sustainable options, increasing urbanization, renovation and remodeling projects..

The resilient flooring market size is expected to see strong growth in the next few years. It will grow to $48.45  billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.  The growth in the forecast period can be attributed to growth in the healthcare and hospitality industry, innovative design and aesthetics, resilient flooring in sports facilities, anti-microbial and easy-to-clean surfaces, environmental regulations and certifications, smart and connected flooring solutions.. Major trends in the forecast period include luxury vinyl tiles and planks, hybrid and rigid core flooring, recycled and sustainable flooring materials, digital printing technology for design, resilient flooring in modular and click-lock formats, floor heating and cooling systems..

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, in June 2021, according to UNCTAD, a Geneva-based intergovernmental organization intended to promote the interests of developing states in world trade, by 2020, the share of the urban population increased to 56.2%. It is generally higher in the developed world (79.2% in 2020) than in the developing world (51.6%). Furthermore, in October 2021, according to the data published by the World Bank report, a US-based international financial institution that provides loans and grants to the governments of low- and middle-income countries to pursue capital projects, the world’s population living in urban areas has increased from 37% to 56% in the past 50 years. Thus, rapid urbanization will drive the growth of the resilient flooring market.

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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)

Top Major Players:
Mohawk Industries Inc
Tarkett S.A
Shaw Industries Group Inc
Armstrong World Industries Inc
Forbo Flooring UK Ltd

Asia-Pacific was the largest region in the resilient flooring market in 2023

Technological advancement is a key trend gaining popularity in the resilient flooring market. More consumers are looking for ideas to make homes more sustainable. With trends such as solar panelling and energy efficiency, more and more homeowners are using eco-friendly building materials. Resilient flooring requires non-renewable resources for manufacturing, which makes it difficult to deal with consumers’ preference for sustainable materials. For example, in 2021, Beaulieu Flooring is having hefty sales to deliver resilient flooring that answers design, function, and sustainability in the future.

The resilient flooring market report table of contents includes:

1. Executive Summary
2. Resilient Flooring Market Characteristics
3. Resilient Flooring Market Trends And Strategies
4. Resilient Flooring Market - Macro Economic Scenario
5. Global Resilient Flooring Market Size and Growth
….……….
31. Global Resilient Flooring Market Competitive Benchmarking
32. Global Resilient Flooring Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Resilient Flooring Market
34.Resilient Flooring Market Future Outlook and Potential Analysis
35.35. Appendix


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