The global resilient flooring market size was valued at USD 4.0 billion in 2017. Rising demand for innovative floor covering solutions on the back of the developing construction sector is expected to be the key driving factor for the growth of the global resilient flooring industry.
Global Resilient Flooring Market Size and Forecast, 2015-2025 (Million Square Feet) (USD Million)
Polymers used for producing flooring products include wood, cork, natural materials, polymers, engineered wood and adhesives among others. These materials are used as fillers for the top layer and backing material.
The global resilient flooring market has been witnessing tremendous changes in terms of the application of materials. Traditionally, wood and stone were the primary materials used for flooring. At present, resilient floorings such as vinyl, linoleum and rubber are increasingly substituting conventional materials such as cotton, wool, and concrete and, therefore, currently account for a minimal share within the resilient flooring industry.
Vinyl composite tiles (VCT) and vinyl sheets have been used extensively over the past few years and these segments have reached their maturity, in terms of penetration. In 2017, luxury vinyl tiles (LVT) accounted for the XX% of the global resilient flooring market share (by revenue) and are expected to rise significantly in the years to come. LVTs are being widely used as a substitute to VCT and vinyl sheets in kitchen floors, bathrooms, and basements. Fiberglass, linoleum, and other resilient floor products such as cork, rubber, and asphalt depict high growth potential in the global resilient flooring industry owing to growing demand for environment-friendly flooring solutions.
Global Resilient Flooring Market Value Share, by Product, 2017 (%)
The development of new innovative products and hassle-free installation techniques has driven the flooring demand in the commercial sector. Construction of new commercial buildings on account of the growing information sector globally is bound to drive the global resilient flooring industry. Low maintenance costs have led to an increased penetration of luxury vinyl tiles (LVT) within the commercial flooring sector. This has also resulted in the replacement of vinyl composite tiles (VCT) in the commercial sector application such as back offices, cafeterias, break rooms, and corridors.
Europe and North America are expected to witness sluggish development owing to the slow growth of the construction industry in these regions. Asia Pacific resilient flooring industry is the expected to rise with a fast-paced CAGR exceeding 10% over the forecast period. Increasing government spending on infrastructure development encompassing residential and commercial structures is expected to further catapult the global resilient flooring market size. Moreover, the rise of India, Taiwan, and Mexico as the upcoming manufacturing and IT hubs has resulted in the setup of factories and commercial offices. This has led to the development of new cities or expansion of the old cities and existing structures. This factor is expected to play an important role in developing the floorings market over the coming years.
Middle East is expected to be the most potential construction market in the global resilient flooring market owing to supportive government policies and regulations to boost manufacturing output of automotive, petrochemicals, and pharmaceutical sectors at the domestic level. Middle Eastern countries are continuously witnessing infrastructure development as a step towards reducing economic reliance on upstream sectors such as oil & gas. The growing domestic consumption of specialty polymers and textiles in the Middle East countries on the back of improving demand among household, automotive, FMCG, and healthcare sectors have forced the government to build manufacturing facilities which acts a key factor for the development of the global resilient flooring market.
The global resilient flooring market is highly competitive and key participants are constantly vying to obtain a greater market share by investing in R&D and product innovations. Large, multi-product companies have been acquiring several leading single product manufacturers, transforming the fragmented industry into one dominated by a few mega-suppliers. For instance, over the past five years, Mohawk acquired IVC, Marazzi and Pergo and currently accounts for a hefty share in the global resilient flooring market. Over the past few years, the company has been expanding its market presence through mergers & acquisitions. In January 2015, Mohawk acquired International Flooring Systems, to expand its product portfolio in the luxury vinyl tile and fiberglass sheet vinyl category.
Resilient Flooring Market Scope
| Metrics | Details |
| Base Year | 2019 |
| Historic Data | 2017-2018 |
| Forecast Period | 2020-2025 |
| Study Period | 2015-2025 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2025 | USD 4.0 billion |
| Growth Rate | CAGR of 7.9% during 2021-2028 |
| Segment Covered | Product, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East & Africa, Latin America |
| Key Players Profiled | Mohawk Industries, Shaw Floors, Armstrong World Industries, Pergo, Mannington Mills, Inc. and Polyflor |
Key segments of the global resilient flooring market
Product Overview, 2015-2025 (Million Square Feet) (USD Million)
- Luxury Vinyl Tiles
- Vinyl Composite Tiles
- Vinyl sheets
- Fiberglass sheets
- Linoleum
- Others
Application Overview, 2015-2025 (Million Square Feet) (USD Million)
- Residential
- Commercial
- Industrial
Regional Overview, 2015-2025 (Million Square Feet) (USD Million)
- North America
- U.S.
- Canada
- Europe
- France
- UK
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- India
- Japan
- China
- Rest of APAC
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global resilient flooring market
- While studying the market, we observed that luxury vinyl tiles are gaining immense traction as a substitute to vinyl composite tiles and vinyl sheets
- Asia Pacific is projected to be the fastest growing region owing to increasing demand for new buildings in light of surging commercial sector
- The global resilient flooring market is projected to witness lucrative opportunity in developing regions of Latin America and Middle East & Africa due to accelerating demand for infrastructure because of rising financial status of consumers
What does the report include?
- The study on the global resilient flooring market includes qualitative factors such as drivers, trends, and opportunities
- Additionally, the market has been evaluated using the Value Chain, Porter’s Five Forces’ analysis and PESTEL analysis
- The study covers qualitative and quantitative analysis of the market segmented on the basis of product, application and region. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments
- The study includes the profiles of key players in the market with a significant global and/or regional presence
Who should buy this report?
This study is suitable for industry participants and stakeholders in the resilient Flooring Market, who want an in-depth insight into the movement of the architectural coatings market. The report will benefit:
- Executives of flooring companies that are engaged in the resilient flooring products
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to floorings market
- Venture capitalists and investors looking for more information on the future outlook of the global resilient Flooring Market
- Government organizations, regulatory authorities, policymakers and financial organizations looking for innovations in coating technologies
Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies
The global resilient flooring market is highly competitive and key participants are constantly vying to obtain a greater market share by investing in R&D and product innovations. Large, multi-product companies have been acquiring several leading single product manufacturers, transforming the fragmented industry into one dominated by a few mega-suppliers. For instance, over the past five years, Mohawk acquired IVC, Marazzi, and Pergo and currently accounts for a hefty share in the global resilient flooring market. Over the past few years, the company has been expanding its market presence through mergers & acquisitions. In January 2015, Mohawk acquired International Flooring Systems, to expand its product portfolio in the luxury vinyl tile and fiberglass sheet vinyl category.
Owing to changing consumer trends and lifestyles, a large number of home improvement and renovation activities have led to a high demand for resilient flooring in the residential sector. In the recent past, on the back of its properties such as excellent durability and lightweight, fiberglass flooring has gained immense momentum. Moreover, its demand has been complemented by superior fiberglass insulation properties due to the existence of several reinforced materials. Resilient flooring manufacturers are making numerous technological advances and product innovations to improve the quality of their products. Furthermore, environment-friendly floor covering solutions like rubber, bamboo, cork, hardwood, glass, and linoleum have seen a substantial increase in demand across residential and non-residential spaces, which in turn will have an impact on the resilient floor market growth in the near future.
Higher price competition in the Asia Pacific, together with a large share of the unorganized sector, could reduce technology upgrading. However, the creation of VOC-related regulatory compliance during the installation process could impede the expansion of the business. However, in the projected period, the prevalence of environmentally friendly products such as wood and concrete will promote the use of the drug.
Vinyl composite tiles (VCT) and vinyl sheets have been used extensively over the past few years and these segments have reached their maturity, in terms of penetration. In 2018, luxury vinyl tiles (LVT) accounted for 25.8% of the global resilient flooring market share (by revenue) and are expected to rise significantly in the years to come. LVTs are being widely used as a substitute to VCT and vinyl sheets in kitchen floors, bathrooms, and basements. Fiberglass, linoleum, and other resilient floor products such as cork, rubber, and asphalt depict high growth potential in the global resilient flooring industry, owing to the growing demand for environment-friendly flooring solutions.
Global Resilient Flooring Market Value Share, by Product, 2018 (%)
The development of new innovative products and hassle-free installation techniques has driven the flooring demand in the commercial sector. Construction of new commercial buildings on account of the growing information sector globally is bound to drive the global resilient flooring industry. Low maintenance costs have led to increased penetration of luxury vinyl tiles (LVT) within the commercial flooring sector. This has also resulted in the replacement of vinyl composite tiles (VCT) in the commercial sector application such as back offices, cafeterias, break rooms, and corridors.
Europe and North America are expected to witness sluggish development owing to the slow growth of the construction industry in these regions. The Asia Pacific resilient flooring market is expected to rise at a fast-paced CAGR exceeding 10% over the forecast period. Increasing government spending on infrastructure development encompassing residential and commercial structures is expected to further catapult the global resilient flooring market size. Asia Pacific is expected to remain a lucrative region. Due to the increasing construction activities and infrastructural development, the area is expected to experience significant growth opportunities due to rapid urbanization. In addition, development in the industrial sector in the Asia Pacific region is also expected to unfold several opportunities. Moreover, the rise of India, Taiwan, and Mexico as the upcoming manufacturing and IT hubs has resulted in the setup of factories and commercial offices. This has led to the development of new cities or expansion of the old cities and existing structures. This factor is expected to play an important role in developing the floorings market over the coming years.
The Middle East is expected to be the most potential construction market in the global resilient flooring market owing to supportive government policies and regulations to boost the manufacturing output of automotive, petrochemicals, and pharmaceutical sectors at the domestic level. Middle Eastern countries are continuously witnessing infrastructure development as a step towards reducing economic reliance on upstream sectors such as oil & gas. The growing domestic consumption of specialty polymers and textiles in the Middle East countries on the back of improving demand among household, automotive, FMCG, and healthcare sectors have forced the government to build manufacturing facilities which acts a key factor for the development of the global resilient flooring market.