Resilient Flooring Market
Resilient Flooring Market Analysis By Material (Vinyl, Linoleum, Cork, Rubber), By Construction Activity (Renovation, New Construction), By End User (Residential, Non-residential) & By Region – Global Market Insights 2023 to 2033
Analysis of Resilient Flooring Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Resilient Flooring Market Outlook (2023 to 2033)
The global resilient flooring market stands at US$ 8.55 billion in 2023. Worldwide sales of resilient flooring are projected to increase steadily at a CAGR of 5.6% and reach a market value of US$ 14.74 billion by the end of 2033.
Compared to other alternatives, the increased demand for resilient flooring is attributed to its benefits, including impact & scratch resistance, odor-proofing, waterproofing, and durability. Rapid expansion of some ultramodern workspaces is also estimated to escalate growth opportunities for prominent manufacturers of resilient floorings over the coming decade.
- Demand for resilient flooring for renovation activities is estimated to register a CAGR of 5.5% and reach US$ 10.70 billion by 2033.
- Sales of resilient flooring in Germany are projected to rise at a CAGR of 6.3% and reach US$ 1.16 billion by 2033.
- The United Kingdom market is set to expand at a CAGR of 4.3% and reach a size of US$ 899.39 million by the end of 2033.
The number of industrial, commercial, and residential projects is increasing at a significant rate, which is leading to the rising demand for resilient flooring. Massive investments by end-use industries have led to the introduction of more effective and innovative floor-covering solutions. Rapid urbanization is leading to remodeling and renovation activities, which is projected to boost the demand for market products.
Many people are investing in construction activities. Rising infrastructure activities to keep up with changing lifestyles are expected to fuel demand for resilient flooring. Personalization and product innovation are some prominent factors influencing the demand for resilient flooring.
Commercial and residential construction professionals are installing different types of resilient flooring owing to their benefits. These flooring solutions are simple to maintain and have smooth surfaces. Moreover, the resistance ability of these flooring solutions makes them ideal for kitchens or bathrooms.
Rising importance of the LEED (Leadership in Energy and Environmental Design) rating systems in the construction industry is fueling demand for new products for interior designs. Therefore, vinyl floor coverings with LEED ratings are becoming popular among contractors that are into green construction.
Resilient flooring is durable, flexible, and inexpensive. It is easy to install and requires low maintenance. Various people with improved living standards and financial status are giving preference to more aesthetically beautiful floor designs. The rising understanding of benefits of fillers to improve properties of various primary materials is estimated to stimulate manufacturers to invest in R&D activities to provide more effective solutions.
Resilient Flooring Market Size (2023)
US$ 8.55 Billion
Forecasted Market Value (2033)
US$ 14.74 Billion
Global Market Growth Rate (2023 to 2033)
Vinyl Resilient Flooring Segment Value (2033)
US$ 8.83 Billion
China Market Value (2033)
US$ 2.92 Billion
United States Market Growth Rate (2023 to 2033)
India Market Growth Rate (2023 to 2033)
Key Companies Profiled
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Which Key Determinants are Influencing Resilient Flooring Market Expansion?
“Ever-increasing Residential and Commercial Renovation Projects”
Increasing remodeling and renovation projects in residential and commercial sectors are predicted to generate lucrative growth opportunities for resilient flooring vendors. Resilient flooring is gaining popularity in educational buildings and hospitals and large commercial premises. The education industry is also giving preference to resilient flooring as an affordable and budget-friendly option.
“Growing Urbanization & Industrialization Leading to Resilient Product Developments”
Rising industrialization and urbanization are leading to the development of various types of resilient products. Resilient flooring improves the infrastructural beauty of different types of buildings. It can also undergo various renovation activities. Further, the adoption of luxury vinyl tiles is also leading to the growing demand for different fiberglass vinyl sheets that are positively impacting market growth opportunities.
Which Key Challenges are Encountered by Manufacturers of Resilient Flooring?
“Easy Availability of Substitutes to Resilient Flooring”
There are a lot of flooring substitutes to resilient flooring that are available globally. Various other flooring types including stone tiles, ceramic tiles, laminates, carpets, etc., are available for use in commercial and residential projects. Affordability and increased awareness of available substitutes are projected to negatively impact the demand for resilient floors.
“Emissions of Volatile Organic Compounds Causing Harm to Individuals”
There are a lot of resilient flooring solutions that emit VOC (volatile organic compounds) in the initial years of installation. It can cause certain respiratory problems and allergic reactions. Exposure to such gases generally occurs through inhalation or skin exposure. Moreover, these gases also harm indoor air quality, which is estimated to have an adverse impact on sales of resilient flooring.
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How are Start-ups Making a Mark in This Industry?
“Development of Sustainable Resilient Flooring Solutions”
Strict government regulations along with increasing environmental concerns are leading to an increased requirement for sustainable flooring solution. Start-ups are concentrating on the development of more sustainable flooring solutions. The use of recycled materials in the manufacture of resilient flooring is also predicted to open up lucrative opportunities for new entrants.
What Opportunities are Available for Suppliers of Resilient Flooring in the United States?
“Growing Number of Single-Family Houses Fueling Demand for Construction Projects”
Demand for resilient flooring in the United States is projected to expand at a CAGR of 5.8% and reach a valuation of US$ 3.58 billion by the end of 2033. Increased consumption of resilient flooring in the United States is attributed to the penetration of products in the residential industry. The growing number of single-family houses along with the strengthening of the residential replacement industry are boosting opportunities for industry players.
What’s Contributing to Increased Demand for Resilient Flooring in India?
“Significant Growth of Construction Industry Driving Sales of Resilient Flooring Solutions”
Sales of resilient flooring in India are anticipated to advance at a CAGR of 6% and reach a value of US$ 1.21 billion by the end of 2033. The easy availability of home loans, low labor cost, presence of a larger consumer base, and abundant resources are leading to significant growth in the construction industry. Therefore, a positive impact on sales of resilient flooring is experienced in India.
Why are Suppliers of Resilient Flooring Investing in the United Kingdom and Germany?
“High Demand for Innovative Flooring Products”
Demand for resilient flooring in the United Kingdom is forecasted to expand at a CAGR of 4.3% and reach US$ 899.39 million by the end of 2033. The German market is estimated to advance at a CAGR of 6.3% and reach a valuation of US$ 1.16 billion by the end of 2033.
Growing demand for technologically advanced and innovative flooring products from the residential sector is stimulating sales of resilient flooring. Moreover, extensively developed service and manufacturing industries are expected to propel the demand for resilient flooring in non-residential sectors over the coming decade.
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Why are Sales of Vinyl Resilient Flooring Increasing Rapidly?
“Easy Installation and High Aesthetic Value of Vinyl Resilient Flooring”
Vinyl, cork, linoleum, and rubber are prominent materials used in the manufacturing of resilient flooring. Among these, sales of vinyl-based resilient flooring are predicted to expand at a CAGR of 5.9% and reach a valuation of US$ 8.83 billion by the end of 2033.
Vinyl is easy to install and imparts high aesthetic value. In addition, it also offers greater flexibility. Moreover, vinyl flooring materials are coated with high-end polymers such as polyurethane that improves overall performance and provides excellent stain & scratch resistance.
Why is Resilient Flooring Highly Preferred in Renovation Activities?
“Durability of Resilient Flooring Stimulating Demand for Renovation Activities”
Demand for resilient floorings for renovation activities is estimated to advance at a CAGR of 5.5% and reach a valuation of US$ 10.70 billion by the end of 2033. According to Fact.MR research report, the renovation activities are estimated to hold a share of 72% of the global market revenue by the end of 2033.
Rising renovation activities around the world along with existing infrastructure maintenance services are predicted to boost the demand for resilient flooring. It is an apt choice for retail stores, hospitals, and large commercial facilities to ensure durability.
Fact.MR, a market research and competitive intelligence provider, is offering detailed insights into the market. Supply chain management systems, quality controls, maintaining product standards, etc., are some key areas on which manufacturers of resilient flooring are working upon.
Industry players are concentrating on investing in R&D activities to cater to requirements of various end-use industries. They are also investing in new product launches to gain a competitive edge.
For instance :
- Armstrong Flooring is one of the leaders in the manufacturing and designing of innovative flooring solutions. In May 2021, the company announced the launch of its new collection of three luxury flooring – Biome, Coalesce, and Terra. Each collection is manufactured in the United States and features a 2.5 mm structure and patented Diamond 10 Technology.
- In January 2020, Mannington introduced five new looks into its ADURA@ Selling Solutions. It featured modern and clean designs that reflect some latest home trends. Tile designs provide styles and colors in different constructions to satisfy consumer requirements.
Key players in the resilient flooring market are Mannington Mills Inc., Tarkett S.A., Mohawk Group, Berkshire Hathway Inc., Congoleum Corporation, Beaulieu International Group N.V., Armstrong Flooring Inc., Forbo Holding AG, Burke Industries Inc., and Karndean International Limited.
Segmentation of Resilient Flooring Industry Research
By Material :
By Construction Activity :
- New Construction
By End User :
By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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The global resilient flooring market stands at US$ 8.55 billion in 2023.
The market for resilient flooring is projected to advance at a CAGR of 5.6% from 2023 to 2033.
Demand for resilient flooring for renovation projects is predicted to rise at a CAGR of 5.5% and hold a share of 72% of the market revenue by 2033.
The United Kingdom resilient flooring market is predicted to expand at a CAGR of 4.3% from 2023 to 2033.
Sales of resilient flooring in the United States are forecasted to reach US$ 3.58 billion by 2033.
Demand for vinyl-based resilient flooring is predicted to register a CAGR of 5.9% from 2023 to 2033.
Worldwide sales of resilient flooring are forecasted to reach US$ 14.74 billion by 2033.