Resilient Floor Covering Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Resilient Floor Covering Market Analysis
The resilient floor covering market is expected to grow with a CAGRof 5.5% during 2018-2024.
- Growing urbanization and industrialization has resulted in high and immediate requirement for resilient flooring in industrial areas, housing projects, and IT parks.
- A large number of home improvement and renovation activities in light of changing customer trends and lifestyles is resulting in an increaseddemand for resilient flooring in the residential sector.
- The growth of new luxury vinyl tile and fiberglass-backed sheet vinyl, has resulted in a strong growth in the recent years.
- Rubber, linoleum, and cork products offercommercial users eco-friendly and sustainable flooring products.
- North America is projected to hold the dominant share in the resilient floor covering market.
- The millennials workforce in the region is exceptionally driven, demanding, influential and increasingly affluent.
Resilient Floor Covering Market Trends
This section covers the major market trends shaping the Resilient Floor Covering Market according to our research experts:
Largest is the Vinyl Flooring Segment
- Vinyl flooring is a finished flooring material predominately made from a combination of limestone-base material mixed with composites of natural and synthetic polymer materials, such as polyvinyl chloride and plasticizers. It is a type of robust and resilient flooring, which is primarily used in construction application related to commercial and residential projects.
- Other factors, such as the development of infrastructures in various sectors, like healthcare, education, and industrial automotive, among others, along with the growth of residential construction and homeowners fuel the market growth.
Growing Residential Usage
- The residential market has now fully embraced the product due to its durability, ease of installation, and perceived value as a result of its thickness and rigidity. At the present scenario, consumers equate thickness with quality, and rigid core products are in demand.
- The residential segment gained popularity over commercial, with residential replacement and residential builders, with residential replacement segment alone accounting for 31.1% market share in 2017.
- Residential remodel and replacement continue to strive in the market. Installers on the retail side view it as easier to install the product. This combination creates a dynamic where it’s easy to understand why rigid products are gaining a greater market share.
Resilient Floor Covering Industry Overview
The report covers major international players operating in the resilient floor covering market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
Resilient Floor Covering Market Leaders
American Biltrite Inc.
Tarkett SA
Grupo Lamosa
Congoleum Corporation
Mohawk Industries Inc.
*Disclaimer: Major Players sorted in no particular order
Resilient Floor Covering Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Key Deliverables of the Study
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Drivers
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4.3 Restraints
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4.4 Trends Shaping the Global Resilient Floor Covering Market
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4.5 Porter's Five Forces Analysis
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4.6 Value Chain Analysis
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4.7 Recent Developments in the Market
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4.8 Technological Innovations
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Vinyl Resilient Flooring
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5.1.2 Linoleum Resilient Flooring
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5.1.3 Fiberglass Resilient Flooring
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5.1.4 Cork Resilient Flooring
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5.1.5 Rubber Resilient Flooring
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5.2 By Distribution Channel
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5.2.1 Contractors
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5.2.2 Specialty Stores
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5.2.3 Home Centers
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5.2.4 Others
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5.3 By End-User
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5.3.1 Residential Replacement
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5.3.2 Commercial
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5.3.3 Builder
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5.4 Geography
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5.4.1 North America
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5.4.1.1 United States
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5.4.1.2 Canada
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5.4.1.3 Mexico
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5.4.1.4 Others
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5.4.2 South America
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5.4.2.1 Brazil
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5.4.2.2 Argentina
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5.4.2.3 Others
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5.4.3 Europe
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5.4.3.1 Germany
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5.4.3.2 France
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5.4.3.3 United Kingdom
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5.4.3.4 Others
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5.4.4 Asia-Pacific
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5.4.4.1 China
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5.4.4.2 Japan
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5.4.4.3 India
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5.4.4.4 Others
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5.4.5 Middle East & Africa
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5.4.5.1 United Arab Emirates
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5.4.5.2 Saudi Arabia
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5.4.5.3 South Africa
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5.4.5.4 Others
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Shaw Industries Group, Inc.
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6.1.2 Mohawk Industries
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6.1.3 Forbo Flooring Systems
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6.1.4 Gerflor Group
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6.1.5 Amorim Revestimentos, S.A.
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6.1.6 IVC Group
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6.1.7 Altro Floors
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6.1.8 The Amtico Company
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6.1.9 Artigo S.p.A.
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6.1.10 Aspecta
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6.1.11 Dickson
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6.1.12 Nora Systems GmbH
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6.1.13 Tarkett S.A.
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6.1.14 Beaulieu International Group
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6.1.15 Other Companies (Armstrong Flooring, Mannington Mills, Inc., Congoleum Corporation, Interface Inc, Milliken & Company, Grupo Lamosa, and American Biltrite Inc.)
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. APPENDIX
Resilient Floor Covering Industry Segmentation
A complete background analysis of the resilient floor covering market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics and market overview, is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
| By Product | |
| Vinyl Resilient Flooring | |
| Linoleum Resilient Flooring | |
| Fiberglass Resilient Flooring | |
| Cork Resilient Flooring | |
| Rubber Resilient Flooring |
| By Distribution Channel | |
| Contractors | |
| Specialty Stores | |
| Home Centers | |
| Others |
| By End-User | |
| Residential Replacement | |
| Commercial | |
| Builder |
| Geography | ||||||
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Resilient Floor Covering Market Research FAQs
What is the current Resilient Floor Covering Market size?
The Resilient Floor Covering Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Resilient Floor Covering Market?
American Biltrite Inc., Tarkett SA, Grupo Lamosa, Congoleum Corporation and Mohawk Industries Inc. are the major companies operating in the Resilient Floor Covering Market.
Which is the fastest growing region in Resilient Floor Covering Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Resilient Floor Covering Market?
In 2024, the North America accounts for the largest market share in Resilient Floor Covering Market.
What years does this Resilient Floor Covering Market cover?
The report covers the Resilient Floor Covering Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Resilient Floor Covering Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Resilient Floor Covering Industry Report
Statistics for the 2024 Resilient Floor Covering market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Resilient Floor Covering analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
