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The resilient flooring market size is forecast to increase by USD 23.3 billion at a CAGR of 6.36% between 2023 and 2028.
The market's growth trajectory hinges on several pivotal factors. Firstly, there's a rising demand for waterproof solutions, reflecting the increasing need for durable and long-lasting flooring options in various settings. Additionally, there's a sustained emphasis on sustainability and environmental responsibility, driving the adoption of eco-friendly materials and manufacturing processes. This trend aligns with evolving consumer preferences for environmentally conscious products. Moreover, the integration of smart technologies into resilient flooring systems is reshaping the market landscape, offering enhanced functionalities such as temperature control, energy efficiency, and remote monitoring. By combining durability, sustainability, and technological innovation, the market is poised for robust growth, catering to the diverse needs of consumers across residential, commercial, and industrial sectors. It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
Study Period |
2024-2028 |
Base Year For Estimation |
2023 |
CAGR |
6.36% |
Forecast period |
2024-2028 |
Fastest Growing Region |
APAC at 38% |
Largest Segment |
Product |
In the flooring market, concerns about mercury contamination and environmental impact drive the demand for eco-friendly alternatives. Floor covering solutions encompass a variety of options, including cork, natural linoleum, rubber, and polyolefin floor coverings, addressing sustainability in the housing sector and healthcare facilities. With a shift away from traditional flooring materials due to issues like landfills and dioxins, consumers increasingly opt for floor tile, linseed oil-based linoleum, rubber floorings, and natural stone. Wood flooring remains a timeless choice, offering durability and elegance for interior design projects. Accessory options complement these choices, enhancing both aesthetics and functionality. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
Growing demand for waterproof resilient flooring is the key factor driving the market. Waterproof resilient flooring, including vinyl planks and tiles, offers exceptional moisture resistance, making it ideal for moisture-prone areas like kitchens, bathrooms, and basements. Highly durable and resilient, this flooring withstands water exposure, scratches, and wear, maintaining its integrity even in high-traffic settings. Its easy maintenance, requiring only routine cleaning, appeals to homeowners and commercial property operators alike.
Additionally, in regions with moisture concerns, it provides added protection against water damage and mold growth. Widely used in commercial spaces due to its durability and aesthetic appeal, waterproof flooring meets the demands of busy environments like restaurants and healthcare facilities. As the preference for durable, low-maintenance, and hygienic flooring grows, the demand for waterproof resilient flooring is expected to drive the market growth during the forecast period.
Increasing product launches by companies is the primary trend shaping the market. Market vendors continually innovate to enhance resilient flooring products, incorporating features like waterproofing, scratch resistance, and antimicrobial properties to improve performance and attract customers. They also offer customizable options for unique spaces, such as personalized design patterns and logo integration.
For example, REGUPOL Germany GmbH and Co. KG launched Regupol Upscale, a line of recycled rubber tiles and planks for commercial use, designed to replace traditional materials while offering comfort, durability, and noise reduction. Interface Inc. introduced the Northern Grain series of LVT, featuring bright designs suitable for various settings and certified for recyclability and carbon neutrality. These innovations provide consumers with a diverse range of options that meet functional, aesthetic, and sustainability requirements, driving market growth during the forecast period.
Recycling and end-of-life management issues are the major challenge that affects the market expansion. The complex composition of resilient flooring materials, including multiple layers and adhesive residues, poses challenges for recycling processes, limiting their recyclability. Mixed material streams and adhesive contaminants complicate recycling efforts and reduce the quality of recycled materials. Hazardous substances in adhesives, such as VOCs, further complicate recycling and material recovery.
Additionally, the lack of cost-effective and eco-friendly recycling technologies hampers industry recycling efforts. Current methods like mechanical, chemical, and thermal recycling may be inefficient or economically unfeasible. Establishing closed-loop recycling systems requires collaboration among stakeholders to address logistical, infrastructure, sorting, and quality control challenges. Overcoming these obstacles is essential to reintroduce recycled materials into the manufacturing supply chain effectively. Hence, recycling and end-of-life management issues will impede the growth of the market during the forecast period.
In the market, scratch resistance, waterproofing, and odor-proofing are essential features, catering to the needs of ultramodern workspaces, offices, and the residential replacement market. With PVC and vinyl floorings, innovations like rigid core luxury vinyl tile from brands such as Novalis Innovative Flooring showcase innovative technologies in building designs. The industry sees a surge in renovation activities and new construction projects, driving demand for ceramic tiles, carpets, and rugs alongside fiberglass vinyl sheets. 3D printing technology revolutionizes building products, ensuring quality and durability while utilizing raw materials efficiently.
The market share growth by the luxury vinyl tiles segment will be significant during the forecast years. LVTs, with their diverse designs and patterns, emulate the appearance of premium flooring materials like wood and stone but at a more affordable price, attracting consumers looking for stylish yet economical flooring options. Renowned for their durability and resistance to wear, LVTs are ideal for areas with heavy foot traffic and challenging conditions.
The luxury vinyl tiles segment accounted for USD 24.87 billion in 2018. Further, brands like Polyflor Ltd. and Kahrs offer a variety of LVT flooring options, each designed to mimic natural materials with realistic textures. Moreover, LVTs provide a cost-effective alternative to hardwood or stone flooring, delivering comparable aesthetics and performance advantages. This affordability broadens their appeal to homeowners, developers, and commercial property owners alike, driving the growth of the LVT segment in the market during the forecast period.
The non-residential?segment will account for the largest share of this segment.?Durable flooring materials like LVT, linoleum, and rubber are essential for non-residential spaces like offices, hospitals, and educational institutions due to heavy foot traffic and wear and tear. These materials offer durability, easy maintenance, and hygiene benefits, meeting specific design requirements and branding considerations. For instance, M S International Inc.'s rigid core LVT mimics natural stone, providing waterproof and low-maintenance flooring suitable for high-traffic areas. Additionally, noise reduction and moisture resistance are crucial factors driving the demand for resilient flooring in non-residential environments.
APAC is estimated to contribute 38% to the growth of the global market during the projection period.
Technavio's analysts have provided extensive insight into the market forecasting, detailing the regional trends and drivers influencing the market's trajectory throughout the projection period.
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Rapid urbanization and industrialization in APAC countries are spurring construction activities across residential, commercial, and industrial sectors, driving the demand for resilient flooring materials like LVT, linoleum, and rubber. The growth of commercial, retail, hospitality, and healthcare sectors is fueling demand for durable, low-maintenance of such solutions. Government initiatives and infrastructure investments, such as India's National Infrastructure Pipeline (NIP), further boost demand for resilient flooring in infrastructure projects.
Additionally, manufacturers in the region are investing in R&D to introduce innovative products. For example, Responsive Industries Ltd. recently launched IMPACT Resonate SPC Flooring with various design options suitable for luxury residences and commercial spaces. With leading clients, including Indian Railways and multinational automotive companies, Responsive Industries aims to meet the evolving needs of consumers in the APAC region, contributing to market growth in the forecast period.
Companies are implementing various market growth and forecasting strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches to enhance their presence in the market.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Cali Bamboo LLC, Ecore International, Forbo Management SA, Gerflor Group, Interface Inc., James Halstead plc, Kahrs, M S International Inc., Merino Laminates Ltd., Milliken and Co., Mohawk Carpet LLC, NewAge Products Inc., One Wood Floors, Premium Floors, REGUPOL Germany GmbH and Co. KG, Responsive Industries Ltd., Shaw Industries Group Inc., Stonhard, and Tarkett
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Resilient flooring refers to a category of flooring materials that are known for their flexibility, durability, and ability to bounce back or recover from pressure or impact. Resilient flooring is often used in both residential and commercial settings due to its versatility, ease of maintenance, and long-lasting performance. These materials are designed to withstand heavy foot traffic, moisture, and wear and tear, making them suitable for various applications such as kitchens, bathrooms, healthcare facilities, schools, and retail spaces.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
In the market, there's a diverse range of options to cater to various needs across different sectors. From residential to commercial settings, including retail stores, educational institutes, sports clubs, and hospitality sectors, the demand for sustainable flooring solutions is on the rise. Manufacturers are focusing on innovative materials like pre-consumer recycled material and natural materials such as stone tiles and rubber tiles to meet these requirements. These solutions offer both aesthetic appeal and performance, including stain resistance and moisture endurance. Additionally, advancements in technology have led to the development of composite tiles and polymer-based options, providing durability and easy maintenance. With ongoing construction work and commercial infrastructure development, the market continues to evolve, emphasizing affordability, durability, and environmental sustainability.
Further, in today's market, there's a growing demand for versatile solutions that cater to diverse needs across various sectors. From residential to commercial spaces, including educational facilities and industrial units, they plays a crucial role in both aesthetics and functionality. Interior designers and contractors seek options like the Brushed Line, Level Set, and Studio Set, which offer a smooth surface, making them easy to clean and maintain. For high-traffic areas such as bathrooms and living rooms, vinyl floor coverings and area rugs are popular choices. Manufacturers are incorporating innovative materials like polymers and polyurethane to create non-resilient floor coverings with a comfortable feeling underfoot. With a focus on sustainability, options like solid linseed oil flooring boast a biodegradable nature, offering both affordability and durability. These trends align with the growing emphasis on LEED ratings and environmentally friendly choices in the real estate sector and office leasing space.
Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.36% |
Market Growth 2024-2028 |
USD 23.3 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.36 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 38% |
Key countries |
US, China, Japan, India, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Armstrong World Industries Inc., Cali Bamboo LLC, Ecore International, Forbo Management SA, Gerflor Group, Interface Inc., James Halstead plc, Kahrs, M S International Inc., Merino Laminates Ltd., Milliken and Co., Mohawk Carpet LLC, NewAge Products Inc., One Wood Floors, Premium Floors, REGUPOL Germany GmbH and Co. KG, Responsive Industries Ltd., Shaw Industries Group Inc., Stonhard, and Tarkett |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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