The global resilient flooring market size was estimated at USD 38.7 billion in 2020 and is expected to expand at a compounded annual growth rate (CAGR) of 7.2% from 2021 to 2028. Increasing investments in the construction sector coupled with rising demand for improvements in aesthetics of the building is anticipated to drive the demand for resilient floorings over the forecast period.
The ongoing COVID-19 outburst across the globe has significantly impacted the supply chains as major economies across the globe suspended and delayed the construction projects. Due to this, demand for resilient flooring products has been reduced in residential and non-residential sectors. However, with the ease of lockdown and global trade restrictions, the situation is expected to recover in 2022, which will restore the growth trajectory of the market.
The COVID-19 pandemic has had a significant impact on resilient flooring retail and distribution. E-commerce sales of resilient flooring products had increased in the first quarter of 2020 as consumers shifted their focus to online retail channels to fulfill their needs. For instance, Lowe's e-commerce sales surged by 80% in the first quarter of 2020.
The market in the U.S. is expected to exhibit growth owing to the commercial availability of resilient products, the development of hassle-free installation techniques, and the rising demand for environmentally sustainable materials. Moreover, innovations in construction solutions with attributes, such as high durability and low maintenance, are anticipated to impact the market favorably.
The high initial investment for the installation of a flooring facility is anticipated to pose an entry barrier for new companies entering the resilient flooring industry. In addition, the volatility in the prices of raw materials including polyvinyl chloride (PVC) on account of the instability in crude oil prices is expected to negatively influence industry growth.
Resilient flooring products are the popular choice in commercial flooring applications on account of their superior properties such as stability, low environmental impact, and easy maintenance. Increasing construction spending for industrial development across the globe is expected to augment market growth over the forecast period.
The development of eco-friendly flooring solutions like linoleum, hardwood, and bamboo for the betterment of the environment is expected to fuel industry growth. Also, technological trend such as the production of waterproof floorings like wood plastic composite (WPC) with high aesthetic value is expected to witness high growth over the projected period.
The luxury vinyl tile product segment led the market and accounted for more than 38% share of the global revenue in 2020. Commercial availability of the products coupled with benefits like improved aesthetics, less maintenance, and easy installation are the factors for its growing popularity in residential and commercial flooring applications
The vinyl sheet and floor tile segment is expected to witness significant growth over the forecast period on account of their water-resistant property. Moreover, low maintenance costs and the long lifespan of the products are likely to increase the popularity of the products in residential end-use like laundry rooms, bathrooms, kitchens, and moisture-prone areas.
In comparison to vinyl solutions, linoleum products have better longevity and durability. These floor coverings are manufactured using jute resin, flax plant, limestone, and wood flour that makes them 100% biodegradable. The increasing importance of waste management and recycling in developed economies including the U.S., U.K., and Germany is anticipated to increase demand for biodegradable materials for floorings.
Rubber floorings are majorly used resilient flooring in institutions and commercial spaces. This is attributed to their waterproof and slip resistance properties, which make them suitable for harsh environments. Natural and synthetic rubber floor tiles that are exclusively used in fitness centers, health clubs, dance floors, and other high-impact spaces.
The non-residential segment led the market and accounted for more than 64.2% of the global revenue share in 2020. Ease of maintenance, sterilization, slip, and water resistance associated with resilient flooring are factors expected to promote the applications in hospital wardrooms and clinics for maintaining maximum hygiene levels.
Resilient flooring is majorly used in non-residential sectors on account of numerous benefits associated with this engineered product along with its ability to create unlimited possibilities of designs and styles. Moreover, customized solutions in the design and dimension of the products are expected to increase the penetration of resilient flooring products.
The residential application segment for resilient flooring is inclusive of residential buildings, apartments, complexes, and small and single-family houses. Resilient floorings are majorly used in these structures on account of resistance to slip, shock, stain, and dirt. Moreover, the cushion effect in resilient materials is contributing to the growing demand.
Growing population coupled with a rise in demand for single-family and multi-family residential spaces in major economies such as India, China, South Africa, Turkey and Middle Eastern economies are projected to ascend the demand for flooring products. This trend is attributed to rising disposable income and the easy availability of home loans.
North America dominated the market and accounted for over 33.0% share of global revenue in 2020, owing to the rising demand from residential applications, extensively developed manufacturing industry, and government initiatives to develop social infrastructure across the region.
The U.K. accounted for a major share in the resilient flooring market in Europe, in terms of consumption, owing to the steady growth of its residential and commercial construction sectors. Increasing construction activities in London coupled with consumer spending on commercial spaces is expected to boost the product demand from the commercial construction industry in the U.K.
In Asia Pacific, China dominated the market owing to rising construction projects, higher adoption of LVT, vinyl sheets & floor tiles, and rubber floorings in residential as well as non-residential construction projects. According to the National Bureau of Statistics, in Q3 2020, the construction industry grew by 2% in China, following YoY declines of 1.9% in Q2 and 17.5% in Q1 2020.
The growth of the market in Central and South America is attributed to the growth in emerging economies including Brazil, Argentina, Chile, and Peru. Rising consumer awareness regarding the benefits of appropriate flooring and the presence of key manufacturers such as Mannington Mills, Inc., Armstrong Flooring, Inc., and Milliken is projected to have a major impact on the rising penetration of resilient flooring products.
Key industry players are focusing on the development of new products having high aesthetic properties and additional characteristics such as waterproof, indentation resistance, and other improved performance values. These players also focus on integrations with emerging players to develop low-cost products and gain a competitive advantage.
Tarkett S.A. and Mohawk Industries, Inc. are two major players in the industry with a large number of subsidiaries operating across the globe. Tarkett S.A. is the leading player in the European flooring market and caters to a wide range of flooring products including resilient and non-resilient floorings across the globe. Mohawk is a North American company with numerous subsidiaries including IVC Group, Unilin, Pergo, etc., which account for a significant share in the global market. Some of the prominent players in the resilient flooring market include:
Beaulieu International Group
Mohawk Industries, Inc.
Shaw Industries Group, Inc.
Gerflor
Forbo Flooring Systems
Fatra a.s.
Interface, Inc.
Tarkett S.A.
IVC Group
Mondo S.p.A
Report Attribute |
Details |
Market size value in 2021 |
USD 41.2 billion |
Revenue forecast in 2028 |
USD 67.7 billion |
Growth Rate |
CAGR of 7.2% from 2021 to 2028 |
Base year for estimation |
2020 |
Historical data |
2017 - 2019 |
Forecast period |
2021 - 2028 |
Quantitative units |
Volume in million Sq. meters, revenue in USD billion and CAGR from 2021 to 2028 |
Report coverage |
Volume forecast, revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, application, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; Canada; Mexico; Germany; U.K.; Spain; Italy; France; Russia; China; Japan; India; South Korea; Singapore; Australia; Brazil; Argentina; Saudi Arabia; United Arab Emirates |
Key companies profiled |
Beaulieu International Group; Mohawk Industries Inc.; Shaw Industries Group, Inc.; Gerflor; Forbo Flooring Systems; Fatra a.s.; Interface, Inc.; Tarkett S.A; IVC Group; MONDO S.p.A |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional, and segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global resilient flooring market report on the basis of product, application, and region:
Product Outlook (Volume, Million Sq. Meters; Revenue, USD Billion, 2017 - 2028)
Luxury Vinyl Tiles
Vinyl Sheet & Floor Tile
Linoleum
Cork
Rubber
Application Outlook (Volume, Million Sq. Meters; Revenue, USD Billion, 2017 - 2028)
Residential
Non-residential
Regional Outlook (Volume, Million Sq. Meters; Revenue, USD Billion, 2017 - 2028)
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
Spain
Italy
France
Russia
Asia Pacific
China
Japan
India
South Korea
Singapore
Australia
Central & South America
Brazil
Argentina
Middle East & Africa
Saudi Arabia
United Arab Emirates
b. The global resilient flooring market size was estimated at USD 38.7 billion in 2020 and is expected to reach USD 41.2 billion in 2021.
b. The resilient flooring market is expected to grow at a compound annual growth rate of 7.2% from 2021 to 2028 to reach USD 67.7 billion by 2028.
b. Vinyl sheet and floor tile products segment dominated the resilient flooring market with a share of 42.0% in 2020, owing to its wide applications in commercial flooring applications.
b. Some of the key players operating in the resilient flooring market include Beaulieu International Group, Mohawk Industries, Inc., Shaw Industries Group, Inc., Gerflor, Forbo Flooring Systems, Fatra a.s., Interface, Inc., Tarkett S.A., IVC Group, Mondo S.p.A.
b. The key factors driving the resilient flooring market include increasing constructions for residential and commercial structures and the growing need for durable floorings along with the need for insulation.
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The mining industry accounts for a vital share of the global economy and is responsible for supplying key raw materials for several applications and end-use industries, thus being a key sector of focus amidst the ongoing pandemic outbreak. Mining industries in China are expected to return to normal operations by Q3 of 2020 as enterprises indicated towards the returning of their workers soon. Moreover, Iron ore producers are known to be the least impacted. Major players such as BHP and Vale reported experiencing no major influence on their operations due to the COVID-19 virus. The iron ore prices reached above USD 90 per ton amidst the pandemic situation which may negatively impact the end-use industries. The report will account for Covid19 as a key market contributor.
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