The global resilient flooring market has witnessed tremendous growth in the last few years, owing to the growing demand for green building materials and the increasing construction of residential buildings, across the globe. The rapid expansion of tourism and hospitality industries as well as the growing construction of commercial and residential buildings in developing countries such as China, India, and South Korea, are expected to boost the demand for resilient flooring. Manufacturers that specialize in producing resilient flooring offer a wide range of flooring products that are lightweight and made of recycled raw materials. The increasing research and development activities by the major manufacturers in terms of innovative designs and efficient services is projected to drive the global resilient flooring market.
The worldwide resilient flooring market has been likely to expand at 4.3% CAGR over 2019-2024. However, the raw material prices often fluctuate. This is likely to restrict the development of the global resilient flooring market.
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Resilient Flooring Market Key Players:
Some of the prominent players in the global resilient flooring market are IVC Group (Belgium), Mannington Mills, Inc. (US), Mohawk Industries (US), NOX Corporation, Shaw Floors (US), Nora (Germany), Novalis (US), Milliken & Company (US), Unilin (Belgium), and Amtico International Limited (UK).
The tremendous growth of the commercial sector and the demand for innovative ways to design commercial buildings is projected to propel the demand for resilient flooring, globally. Moreover, the increasing investments in the commercial real estate and the rapid expansion of the tourism and hospitality industries are some of the factors that are anticipated to drive the global resilient flooring market. Additionally, the demand for eco-friendly and lightweight floor coverings are likely to drive the growth of the global resilient flooring market. The rapid construction of commercial and residential buildings in emerging countries, such as China, India, Malaysia, and South Korea, is one of the major factors driving the global resilient flooring market.
Asia-Pacific is anticipated to witness the highest growth in the global resilient flooring market during the forecast period: MRFR
Geographically, the global resilient flooring market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific held the largest global market share in 2018, which is expected to exhibit the highest CAGR of around 6.0%, owing to the growing construction industry and the increasing consumer spending on interior designing. China has emerged as a lucrative market in this region, owing to the presence of a vast customer base and the low raw material costs.
Scope of the Report
This study provides an overview of the global resilient flooring market, tracking two market segments across four geographic regions. The report studies key players and provides a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world (RoW). The report also provides a forecast, which focuses on the market opportunities for the next five years for each region. The scope of the study segments the global resilient flooring market by product, application, and region.
- Luxury Vinyl Tiles (LVT
- Vinyl Composite Tiles (VCT)
- Vinyl sheets
- North America
- Rest of the World
Based on geography, the global resilient flooring market has been segmented into Europe, Asia-Pacific, North America, and rest of the world (RoW). Asia-Pacific was reported to hold the largest market share of around 34% in 2018. The position held by APAC has been followed by North America and Europe. These regions are anticipated to hold their positions till 2024. Besides, Asia-Pacific has been likely to experience highest growth rate in the global resilient flooring market. This growth is owing to the robust expansion of real estate sector in emerging nations such as India, South Korea, and China, which is further likely to surge the demand for resilient flooring over the upcoming years.
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Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
4 Market Dynamics
4.2 Market Drivers
4.3 Market Restraints
4.4 Market Opportunities
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