Global Resilient Flooring Market By Product (Vinyl Sheet & Floor Tile, Luxury Vinyl Tiles), By Application (Non-residential and Residential), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2022-2032

Resilient Flooring Market Overview:

The global Resilient Flooring market was valued at USD 36.80 Billion in 2021. It is projected to grow at a 6.6% CAGR, between 2023 and 2032.

Globally, resilient flooring saw a tremendous increase due to increased demand for environmentally-friendly building materials and increased construction that allows for more buildings to be built before commercial units. The rise in tourism, hospitality, and commercial construction in China and India has led to a rise in residential and commercial buildings in these countries. This is where resilient flooring is in high demand. This market is booming with manufacturers who produce more resilient products. Industry growth is supported by the rapid rise in research and development activities of some key players.

Global Resilient Flooring Market Analysis

Product Analysis

Luxury vinyl tiles dominated the market, accounting for 40% of global revenue in 2021. The growing popularity of luxury vinyl tiles in commercial and residential flooring applications is due to their commercial availability and benefits such as easy installation, lower maintenance, and aesthetic appeal. Because of their water-resistant properties, vinyl sheet and floor tiles are expected to see significant growth in the future.

The products’ low maintenance cost and long life expectancy will likely increase their popularity in residential areas such as laundry rooms, kitchens, bathrooms, or other moisture-prone spaces. Linoleum products are more durable and long-lasting than vinyl solutions. They are made from jute resin and flax plant, wood flour, and limestone, and are 100% biodegradable.

The demand for biodegradable flooring materials will increase due to the increasing importance of recycling and waste management in developed countries like the U.S., U.K., and Germany. In commercial and institutional spaces, rubber flooring is a popular resilient flooring option. Rubber floorings are durable and resistant to slip, making them ideal for harsh environments. These rubber floor tiles are available in both synthetic and natural rubber. They are used exclusively in gyms, health clubs, dance floors, or other high-impact areas.

Application Analysis

Non-residential held a significant revenue share in 2021. Resilient flooring is expected to be popular in hospitals wardrooms and clinics, where it can be easily maintained, slip-resistant, sterilized, and water resistant. Because of its many benefits, resilient flooring is mainly used in non-residential areas. The penetration of resilient flooring products will be increased by the availability of customized designs and dimensions.

Residential applications include apartments, complexes, single-family homes, and residential buildings. These structures are mainly made up of resilient floorings because they resist slippage, dirt, shock, and staining. The growing demand is also due to the cushion effect of resilient materials. The demand for flooring products will rise due to the growing population and increased demand for multi-family and single-family homes in major economies like India, China, and South Africa. This is due to the availability of loans and rising disposable income.

Key Market Segments

By Product

• Vinyl Sheet & Floor Tile
• Luxury Vinyl Tiles
• Linoleum
• Rubber
• Cork

By Application

• Non-residential
• Residential

Market Dynamics

As major economies around the world have suspended or delayed construction projects due to the ongoing COVID-19 crisis, supply chains were severely affected. This has resulted in a decrease in demand for resilient flooring products, both residential and non-residential. Distribution and retail of resilient flooring have been greatly affected by the COVID-19 pandemic. The first quarter of 2020 saw an increase in e-commerce sales for resilient flooring products. This was due to consumers shifting their attention to online channels to meet their needs.

Due to increased demand for sustainable materials and easier installation methods, the U.S. market is expected to grow. The market will benefit from innovations in construction solutions that are durable and easy to maintain. New companies looking to enter the resilient flooring market will face a barrier due to the high initial investment required for installation. Industry growth will be affected by volatility in raw materials, including polyvinyl chloride (PVC), due to the fluctuation in crude oil prices. Because of their outstanding properties, such as stability and low environmental impact, resilient flooring is a popular choice for commercial flooring applications. Market growth will be boosted by an increase in construction spending worldwide for industrial development.

Industry growth is expected to be driven by the development of eco-friendly flooring options like bamboo, hardwood, and linoleum for the betterment of the environment. High aesthetic value waterproof floorings such as wood plastic composite (WPC), are expected to see a lot of growth in the future.

Regional Analysis

North America was the dominant market, which accounted for 36% of global revenue in 2021. This is due to rising demand from residential applications and the extensive manufacturing industry. It also has government initiatives to build social infrastructure. Due to its steady growth in residential and commercial construction, the U.K. held a significant share of Europe’s resilient flooring market. The U.K.’s growing construction activity and consumer spending on commercial spaces will likely increase product demand.

China was the dominant market in the Asia Pacific due to its rising construction projects and higher adoption of LVT, vinyl sheet & floor tiles, as well as rubber floorings in residential and non-residential construction projects. The rise in emerging economies such as Brazil, Argentina, and Chile is responsible for the growth of the Central and South American markets. The rising awareness of the benefits of flooring is expected to have a significant impact on the increasing penetration of resilient flooring products.

Key Regions and Countries covered in thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

The development of products with high aesthetic qualities and additional performance characteristics, such as waterproof and indentation resistance, is a key industry focus. To develop low-cost products, these players look to integrate with new players and gain a competitive advantage. Tarkett S.A., and Mohawk Industries, Inc., are the two main players in this industry, with many subsidiaries around the world. Tarkett S.A., the European market leader in flooring, offers a wide variety of flooring products across Europe. Mohawk, a North American company, has many subsidiaries, including IVC Group and Unilin.

Маrkеt Кеу Рlауеrѕ:

• Tarkett S.A.
• Mohawk Industries Inc.
• Beaulieu International Group
• Shaw Industries Group Inc.
• Gerflor SAS
• Fatra A.S.
• Forbo Flooring Systems
• Interface, Inc.
• Other Key Players

For the Resilient Flooring Market research study, the following years have been considered to estimate the market size: