Resilient Flooring Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
The global resilient flooring market was estimated to be US$ 40 Million in 2022 and is expected grow at a CAGR of 7.2% between 2023 to 2032.
Resilient flooring is a type of flooring material that is designed to be flexible and durable, making it a good choice for high-traffic areas or spaces where a more comfortable walking surface is desired. It is often made from synthetic materials such as vinyl, linoleum, or rubber and can be produced in a variety of colors, patterns, and textures to mimic the look of natural materials such as wood or stone.
Resilient flooring is also known for its water resistance, making it a popular choice for bathrooms, kitchens, and other moisture-prone areas. Additionally, it can be installed over concrete or subfloors, and some types of resilient flooring can be used with radiant heating systems, making it a versatile flooring option for a wide range of applications.
Resilient Flooring Market Drivers
Rising demand for improvements in the aesthetics of the building is driving the market growth
Resilient flooring is becoming increasingly popular due to its durability, low-maintenance requirements, and versatility. The growth in construction and renovation activities has resulted in a higher demand for flooring materials that are durable and cost-effective, and resilient flooring meets these needs.
Additionally, consumers are becoming more design-conscious and are looking for flooring options that not only meet their functional needs, but also complement the aesthetics of their homes or businesses. Resilient flooring materials are available in a wide range of colors, textures, and patterns, making it easier for consumers to find a style that fits their personal taste.
Another factor driving the demand for resilient flooring is the growing trend towards environmentally friendly building materials. Many resilient flooring materials are made from sustainable materials, such as recycled rubber or linoleum made from natural materials like linseed oil and jute.
Additionally, the manufacturing process for many resilient flooring materials is environmentally friendly, reducing their carbon footprint. The demand for resilient flooring is also growing from end-use industries such as healthcare, education, hospitality, and retail, which require flooring materials that are durable, slip-resistant, and easy to clean. Overall, the combination of durability, low-maintenance requirements, and versatility make resilient flooring a popular choice for both residential and commercial spaces.
Product segmentation of Global Resilient Flooring Market
Luxury vinyl tiles (LVT) is the leading segment in the market
Based on the product, the market is segmented into Luxury Vinyl Tiles, Vinyl Sheet & Floor Tile, Linoleum, Cork, and Rubber.
Among these, the Luxury vinyl tiles (LVT) is the leading segment owing to its high performance and versatility. LVT are made from a composite of vinyl and natural materials, making them durable and easy to maintain.
Additionally, LVTs are designed to mimic the look and feel of natural materials like hardwood, stone, and ceramic tile, which makes them a popular choice for consumers who want to create a high-end look in their homes or businesses without the cost and maintenance of natural materials.
LVTs are also available in a wide range of colors, textures, and patterns, which makes them versatile and easy to customize to different design styles.
The fastest growing segment in the resilient flooring market is vinyl sheet and floor tile. This is due to its low cost, ease of installation, and versatility. Vinyl sheet and floor tile are made from PVC and are available in a wide range of patterns, textures, and colors.
This makes them a popular choice for consumers who want to create a high-end look in their homes or businesses without breaking the bank. Additionally, vinyl sheet and floor tile are easy to install and maintain, making them an attractive option for consumers who want a durable and low-maintenance flooring option.
Application segmentation of Global Resilient Flooring Market
Residential segment is the fastest-growing in the resilient flooring market
Based on the application, the market is segmented into Residential, Non-residential.
Among these, the non-residential segment is the largest mainly because, it is widely used in commercial spaces such as healthcare, education, hospitality, and retail. These spaces require flooring materials that are durable, slip-resistant, and easy to clean, which are all characteristics of resilient flooring.
Additionally, non-residential spaces often have higher traffic levels than residential spaces, and resilient flooring materials are designed to withstand heavy foot traffic.
The residential segment is the fastest-growing in the resilient flooring market, as consumers are becoming more design-conscious and are looking for flooring options that not only meet their functional needs, but also complement the aesthetics of their homes.
Resilient flooring materials are available in a wide range of colors, textures, and patterns, making it easier for consumers to find a style that fits their personal taste.
Additionally, the trend towards eco-friendly building materials is also driving demand for resilient flooring in residential spaces, as many resilient flooring materials are made from sustainable materials, such as recycled rubber or linoleum made from natural materials like linseed oil and jute. The combination of durability, low-maintenance requirements, and versatility make resilient flooring a popular choice for both residential and commercial spaces.
Regional trends of the Global Resilient Flooring Market
Asia-Pacific region dominated the market
Geographically, the global resilient flooring market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Following are some of the major trends in these regions –
In North America, the demand for resilient flooring is driven by the growth in residential and non-residential construction, as well as the increasing demand for durable and low-maintenance flooring options. Consumers in North America are also becoming more design-conscious and are looking for flooring options that not only meet their functional needs, but also complement the aesthetics of their homes or businesses.
In Europe, the demand for resilient flooring is driven by the trend towards eco-friendly building materials and the increasing demand for durable and low-maintenance flooring options. Consumers in Europe are also becoming more design-conscious and are looking for flooring options that not only meet their functional needs, but also complement the aesthetics of their homes or businesses.
In Asia-Pacific, the demand for resilient flooring is driven by the growth in construction and renovation activities, as well as the increasing demand for durable and low-maintenance flooring options. The increasing consumer preference for aesthetics and design options is also driving demand for resilient flooring in Asia-Pacific.
Key players and market strategies:
Key growth strategies adopted by companies operating in the global resilient flooring market include expanding their product portfolio, increasing investment in research and development, and expanding their global presence through partnerships, joint ventures, and acquisitions. Companies are also focusing on enhancing their brand image through marketing and advertising campaigns, and by offering high-quality products at competitive prices.
Another key strategy adopted by companies in the resilient flooring market is to increase their production capacity and streamline their supply chain to meet the growing demand for their products. Companies are also investing in sustainability initiatives and environmentally-friendly products to meet the growing demand for eco-friendly building materials.
Additionally, companies are also focusing on developing innovative and unique flooring products to stand out in a crowded market and to attract customers looking for unique and high-quality flooring solutions.
Some of the biggest companies operating in the global resilient flooring market are Beaulieu International Group, Fatra a.s., Forbo Flooring Systems, Gerflor, Interface, Inc., IVC Group, Mohawk Industries Inc., MONDO S.p.A, Shaw Industries Group, Inc., Tarkett S.A, and many more.
Global Resilient Flooring Market Segmentation:
By Product:
- Luxury Vinyl Tiles
- Vinyl Sheet & Floor Tile
- Linoleum
- Cork
- Rubber
By Application:
- Residential
- Non-residential
By Region
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
- Introduction
- Research Objectives
- Report Assumptions
- Research Methodology
- Abbreviations
- Preface
- Market Definition
- Report Scope and Market Segmentation
- Research Highlights
- Market Synopsis: Global Resilient Flooring Market
- Global Resilient Flooring Market Qualitative Analysis
- Trends
- Market trends
- Technology Trends
- PESTLE Analysis (For 3 prominent countries)
- Market Influencers
- Driving Forces
- Hindering Forces
- Opportunities
- COVID-19 impact
- Porter’s Five Forces Analysis
- Value Chain Analysis
- Trends
- Global Resilient Flooring Market Analysis and Forecast, by Product
- Overview and definitions
- Key segment analysis
- Global Resilient Flooring Market Estimates (US$ Mn), by Product, 2019 – 2032
- Luxury Vinyl Tiles
- Vinyl Sheet & Floor Tile
- Linoleum
- Cork
- Rubber
- Global Resilient Flooring Market Analysis and Forecast, by Application
- Overview and definitions
- Key segment analysis
- Global Resilient Flooring Market Estimates (US$ Mn), by Application, 2019 – 2032
- Residential
- Non-residential
- Global Resilient Flooring Market Analysis and Forecast, by Region
- Overview and definitions
- Key segment analysis
- Global Resilient Flooring Market Estimates (US$ Mn), by Region, 2019 – 2032
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
- North America Resilient Flooring Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- North America Resilient Flooring Market Estimates (US$ Mn), by Product, 2019 – 2032
- Luxury Vinyl Tiles
- Vinyl Sheet & Floor Tile
- Linoleum
- Cork
- Rubber
- North America Resilient Flooring Market Estimates (US$ Mn), by Application, 2019 – 2032
- Residential
- Non-residential
- North America Resilient Flooring Market Estimates (US$ Mn), by Country, 2019 – 2032
- United States
- Canada
- Rest of North America
- Europe Resilient Flooring Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Europe Resilient Flooring Market Estimates (US$ Mn), by Product, 2019 – 2032
- Luxury Vinyl Tiles
- Vinyl Sheet & Floor Tile
- Linoleum
- Cork
- Rubber
- Europe Resilient Flooring Market Estimates (US$ Mn), by Application, 2019 – 2032
- Residential
- Non-residential
- Europe Resilient Flooring Market Estimates (US$ Mn), by Country, 2019 – 2032
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific Resilient Flooring Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Asia Pacific Resilient Flooring Market Estimates (US$ Mn), by Product, 2019 – 2032
- Luxury Vinyl Tiles
- Vinyl Sheet & Floor Tile
- Linoleum
- Cork
- Rubber
- Asia Pacific Resilient Flooring Market Estimates (US$ Mn), by Application, 2019 – 2032
- Residential
- Non-residential
- Asia Pacific Resilient Flooring Market Estimates (US$ Mn), by Country, 2019 – 2032
- China
- Japan
- South Korea
- India
- Australia
- Rest of Asia Pacific
- Middle East & Africa Resilient Flooring Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- Middle East & Africa Resilient Flooring Market Estimates (US$ Mn), by Product, 2019 – 2032
- Luxury Vinyl Tiles
- Vinyl Sheet & Floor Tile
- Linoleum
- Cork
- Rubber
- Middle East & Africa Resilient Flooring Market Estimates (US$ Mn), by Application, 2019 – 2032
- Residential
- Non-residential
- Middle East & Africa Resilient Flooring Market Estimates (US$ Mn), by Country, 2019 – 2032
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America Resilient Flooring Market Analysis and Forecast
- Overview and definitions
- Key segment analysis
- South America Resilient Flooring Market Estimates (US$ Mn), by Product, 2019 – 2032
- Luxury Vinyl Tiles
- Vinyl Sheet & Floor Tile
- Linoleum
- Cork
- Rubber
- South America Resilient Flooring Market Estimates (US$ Mn), by Application, 2019 – 2032
- Residential
- Non-residential
- South America Resilient Flooring Market Estimates (US$ Mn), by Country, 2019 – 2032
- Brazil
- Argentina
- Rest of South America
- Competition Analysis – Global Resilient Flooring Market
- Market Composition
- Market Share Analysis (%), by Supplier (2022)
- Company Profiles
- Beaulieu International Group
- Business overview
- Geographic presence
- Product portfolio
- Financial facts
- Relevant news and strategic view
- Fatra a.s.
- Forbo Flooring Systems
- Gerflor
- Interface, Inc
- IVC Group
- Mohawk Industries Inc.
- MONDO S.p.A
- Shaw Industries Group, Inc.
- Tarkett S.A
- Beaulieu International Group
- Conclusion & Recommendations
Frequently asked questions about this report
How big is the resilient flooring market?
The resilient flooring market size was valued at US$ 40 Million in 2022.
How much is the resilient flooring market growth?
The resilient flooring market is estimated to exhibit a CAGR of 7.2% from 2023 to 2032.
Which is the largest regional market for resilient flooring?
North America is the largest regional market for resilient flooring. In North America, the demand for resilient flooring is driven by the growth in residential and non-residential construction, as well as the increasing demand for durable and low-maintenance flooring options.
What are the major applications for resilient flooring market?
The major applications of resilient flooring market include Beaulieu International Group, Fatra a.s., Forbo Flooring Systems, Gerflor, Interface, Inc., IVC Group, Mohawk Industries Inc., MONDO S.p.A, Shaw Industries Group, Inc., Tarkett S.A, and many more.
Who are the prominent market players in the resilient flooring industry?
Beaulieu International Group, Fatra a.s., Forbo Flooring Systems, Gerflor, Interface, Inc., IVC Group, Mohawk Industries Inc., MONDO S.p.A, Shaw Industries Group, Inc., Tarkett S.A, among others, are the prominent market players in the resilient flooring industry.
What are the factors driving the resilient flooring market?
Resilient flooring is becoming increasingly popular due to its durability, low-maintenance requirements, and versatility. The growth in construction and renovation activities has resulted in a higher demand for flooring materials that are durable and cost-effective, and resilient flooring meets these needs.
Which product type is the fastest growing segment in the resilient flooring market?
The fastest growing segment in the resilient flooring market is vinyl sheet and floor tile. This is due to its low cost, ease of installation, and versatility.