The global demand for Resilient Flooring Market is presumed to reach the market size of nearly USD 74.58 MN by 2028 from USD 42.96 MN in 2021 with a CAGR of 8.2% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Million Sq. Meters in 2021 and forecast to touch XX Million Sq. Meters by 2028 with a CAGR of XX% during 2022-2028.
The term ""resilient flooring"" refers to flooring made of elastic materials. These materials' products share certain characteristics: they are durable and hard, but they also have a degree of 'bounce' or resilience. Cork, vinyl, linoleum, rubber, polymeric, and mastic asphalt flooring are some examples of resilient flooring. Most resilient flooring is available in sheets or tiles, while some are also available in interlocking tiles or clickable planks. Resilient flooring is utilized in commercial settings such as hospitals, sports facilities, labs, schools, dance floors, restaurants, industrial plants, and in residential locations such as playrooms, shower rooms, garages, and home gymnasiums.
Market Dynamics
Increased government investment in infrastructure development is a critical component responsible for market expansion. The rise in demand for inclusive flooring in commercial residences, affordable price of these resilient flooring, drastic growth in the infrastructure sector, rapid urbanization, and growing construction sector in India, China, and other developing countries are some of the primary factors driving the resilient flooring market. Furthermore, an increase in technological developments and modernization of machinery used and an increase in industry research and development efforts would generate new chances for the resilient flooring market. However, a high risk of cut due to small pressure points like table legs, increase in the presence of harmful compounds like phthalates, high sensitivity to hot goods, and fluctuation in raw material cost are the primary obstacles impeding market expansion.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of resilient flooring. The growth and trends of Resilient Flooring Industry provide a holistic approach to this study.
Market Segmentation
This section of the resilient flooring market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product
- Luxury Vinyl Tiles
- Vinyl Sheet & Floor Tile
- Linoleum
- Cork
- Rubber
By Application
- Residential
- Non-Residential
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Resilient Flooring market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Resilient Flooring Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major 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 . This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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