Global Resilient Flooring Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Resilient Flooring Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global resilient flooring market report has been segmented on the basis of product type, application, and region.
Global Resilient Flooring Market: Overview
Resilient flooring is a type of flooring made up of materials such as PVC, linoleum, rubber, etc., and lies between soft floors such as carpet and hard floor such as stone. There are different types of Resilient floorings such as Vinyl Flooring, Poly Vinyl Chloride (PVC), Fillers, Vinyl Sheet Flooring, Vinyl Tile Flooring Rubber Flooring, Linoleum Flooring Cork Flooring, etc., used in construction industry. Factors such as durability, scratch resistant, waterproof, odor proof, and easy to clean make it more preferable flooring type across the globe.
Global Resilient Flooring Market: Dynamics
Increasing number of construction, renovation, and reconstruction projects across various countries is a key factor expected to drive growth of the global market over the forecast period.
In addition, changing consumer lifestyle and rising preference towards aesthetics appearance along with increasing demand for wear and tear resistance surfaces are some other factors expected to further fuel growth of the target market over the forecast period.
Moreover, availability and affordability of such floorings are other factors expected to boost growth of the target market over the forecast period.
Furthermore, increasing government expenditure in order to improve infrastructural development across various countries is another factor expected to propel growth of the global market over the forecast period.
However, rising adoption of soft coverings and non-resilient floorings such as ceramic tiles are expected to restrain growth of the global market over the forecast period.
Ongoing trend observed in the target market is increasing manufacturers preference towards customized product offerings as per customer demand, this trend is expected to support growth of the target market over the forecast period.
Increasing manufacturers focus towards improvement of their business by various business strategies such as mergers, acquisitions, etc., and development of innovative product in order to improve product offerings are expected to create potential revenue opportunities for players operating in the target market over the forecast period.
Global Resilient Flooring Market: Segment Analysis
Among the product types segments, the luxury vinyl tiles segment is expected to dominate over the forecast period, owing to rising demand for LVTs as durable and aesthetic materials due to its features such as flexible to use, high aesthetic value, and ease of installation among the other product types.
Among the application segments, the residential application segment is expected to register significant growth in terms of CAGR over the forecast period, owing to infrastructural development in housing sector.
Global Resilient Flooring Market: Regional Analysis
The market in North America is expected to dominant in the global market and is expected to continue its dominance over the forecast period, owing to increasing infrastructural development and rising number of projects regarding renovation across various countries in this region. The market in Asia Pacific is expected to register significant growth in terms of CAGR over the forecast period, owing to rapidly growing construction activities and increasing infrastructural development across various countries in this region. The markets Middle East and Africa and Latin America are expected to register moderate growth in terms of CAGR over the forecast period.
Global Resilient Flooring Market Segmentation:
Segmentation by product type:
- Luxury Vinyl Tiles
- Vinyl Composite Tiles
- Vinyl sheets
- Fiberglass sheets
- Others (Rubber, Wood)
Segmentation by application:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- IVC Group
- Mannington Mills, Inc.
- Mohawk Industries, Inc.
- Pergo, LLC
- Polyflor Ltd.
- Shaw Industries Group, Inc.
- Nora Systems, Inc.
- Novalis International Limited
- NOX Corp
- Milliken & Company, Inc.
Request for TOC
Request for Customization
Don't just take our word. We are trusted by these great companies!