Resilient Flooring Market Size, Share & Trends Analysis Report By Product (Luxury Vinyl Tile, Vinyl Sheet & Floor Tile, Linoleum, Cork, Rubber), By Application (Residential, Non-Residential), By Region, And Segment Forecasts, 2019 - 2025

Industry Insights

The global resilient flooring market size was valued at USD 34.35 billion in 2018 and is expected to register a CAGR of 6.9% from 2019 to 2025. This growth is attributed to the drastic development in the infrastructure sector as a result of the rising need for IT parks, housing projects, and other such big projects. Government regulations restrict the use of hazardous floor covering materials and mandate manufacturers to comply with the Leadership in Energy and Environmental Design (LEED) certification for Volatile Organic Compound (VOC) emissions.

This has resulted in constant innovation, in terms of floor covering solutions, thereby augmenting the market growth. Moreover, changing trends in construction solutions and floor designs have been critical factors in industrial development over the past few years. Rapid urbanization along with the growing construction sector in India, China, and other developing countries, is also contributing to the market expansion.

The rising importance of reinforcement in the polymer industry along with increasing awareness about the benefits of fillers for improving the properties of the main material is expected to force Vinyl Composite Tile (VCT) manufacturers to increase their R&D capabilities. However, the high market share of soft coverings and non-resilient floorings including ceramic tiles in developing markets is expected to remain a concerning factor over the forecast period.

Asia Pacific is projected to be the dominant regional market due to favorable market trends in the housing sectors of emerging economies like China and India. The growing need for residential projects in such countries is expected to offer new opportunities for vinyl-based insulation flooring materials over the forecast period. The presence of a number of leading MNCs of the oil & gas, automotive, pharmaceuticals sectors in the U.S. will drive the regional market.

High penetration of infrastructural structures for commercial, industrial, and residential applications in the U.S. is expected to have a positive impact on the resilient flooring market over the forecast period. Rising application scope of staircase and shop floors is anticipated to fuel the demand for resilient flooring over the forecast period. In addition, growing awareness about Heating, Ventilation, and Air Conditioning (HVAC) clean room in the pharmaceutical industry coupled with a positive healthcare sector outlook in the U.S. is anticipated to drive the demand further.

Product Insights

Luxury vinyl tiles are expected to remain the dominant resilient flooring product segment over the forecast years due to the increasing usage of LVTs as durable and aesthetic materials. High aesthetic value, flexibility to use in numerous spaces, and ease of installation are some of the key features expected to drive the demand for LVTs. Linoleum, rubber, cork, and asphalt are niche markets and are expected to have a high growth potential over the years to come on account of rising demand for eco-friendly flooring solutions.

Application Insights

Based on the application, the market is segmented into residential, and non-residential. The non-residential application segment led the global market in 2018 and is projected to expand further at the highest CAGR of 7.0% from 2019 to 2025. Rapidly expanding the housing sector in developed markets due to regulatory support is expected to fuel resilient flooring product demand.

The rapid adoption of resilient vinyl floorings in non-residential spaces on account of high durability, low on maintenance, cost-efficient, and well-suited for high traffic applications are the factors contributing to the growth. Renovation activities in commercial spaces require the replacement of flooring materials, thereby, is anticipated to support the market over the forecast period.

Regional Insights

Asia Pacific is projected to lead the resilient flooring market accounting for 43.8% of the global share by 2025. The growing construction industry in developing countries including India and Thailand due to regulatory support for infrastructural development is anticipated to be the key factor triggering the product demand. Moreover, growing economic prominence of China, India, and other countries owing to the presence of a large consumer base, cheap labor, and high level of resources is expected to drive the construction industry in the region, which is expected to support the market expansion.

Positive market outlook in North America and Europe is expected to boost the market growth in the regions. These regions are projected to contribute significantly to the market growth owing to developed construction industries and rapid infrastructural and industrial development along with supporting macro-economic factors. Europe was one of the largest regions in 2018, in terms of revenue, and accounted for 37.7% of the market share owing to high demand from residential and non-residential applications. The Europe market consists of major countries, such as Germany, Italy, and U.K.

Resilient Flooring Market Share Insights

The market is fragmented in nature owing to the presence of numerous manufacturers on a global level and regional level. Some of the prominent companies in this market include Armstrong World Industries, Inc.; Tarkett S.A.; Mohawk; Shaw; and Mannington Mills are some of the leading manufacturers of resilient floorings. Together, these companies accounted for over 50% of the market share in the market. Most of the companies are majorly concentrated in mature markets, such as Europe and North America, and are expected to dominate the industry. Key companies are investing heavily in R&D to introduce innovative designs with upgraded capacities to augment their market position.

Report Scope

Segments covered in the report

This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the global resilient flooring market on the basis of product, application, and region:

• Product Outlook (Volume, Million Sq. Meters, Revenue, USD Million; 2014 - 2025)

  • Luxury Vinyl Tiles

  • Vinyl Sheet & Floor Tile

  • Linoleum

  • Cork

  • Rubber

• Application Outlook (Volume, Million Sq. Meters, Revenue, USD Million; 2014 - 2025)

  • Residential

  • Non-Residential

• Regional Outlook (Volume, Million Sq. Meters, Revenue, USD Million; 2014 - 2025)

  • North America

    • The U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • Spain

    • Italy

    • France

    • Russia

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Singapore

    • Australia

  • Central & South America (CSA)

    • Brazil

    • Argentina

  • Middle East & Africa (MEA)

    • Saudi Arabia

    • United Arab Emirates