GVR Report cover Resilient Flooring Market Size, Share, & Trends Report

Resilient Flooring Market Size, Share, & Trends Analysis Report By Product (LVT, Vinyl Sheet & Floor Tile, Linoleum, Cork, Rubber), By Application (Residential, Non-residential), By Region, And Segment Forecasts, 2021 - 2028

  • Report ID: 978-1-68038-411-6
  • Number of Pages: 198
  • Format: Electronic (PDF)

Report Overview

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.

U.S. resilient flooring market size, by product, 2018 - 2028 (USD Billion)

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.

Product Insights

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.

Application Insights

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.

Global resilient flooring market share, by application, 2020 (%)

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.

Regional Insights

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 Companies & Market Share Insights

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

Resilient Flooring Market Report Scope

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

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Segments Covered in the Report

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

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