Market Size of Resilient Floor Covering Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 2.43 Billion |
| Market Size (2029) | USD 3.17 Billion |
| CAGR (2024 - 2029) | > 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 size in terms of Greater Than-5.5 is expected to grow from USD 2.43 billion in 2024 to USD 3.17 billion by 2029, at a CAGR of greater than 5.5% during the forecast period (2024-2029).
In the coming years, continued growth is expected in the robust floor-covering market. Due to their durability, ease of maintenance, and extensive design possibilities, in both the private and commercial sectors, resilient floor covering is a preferred option. The growth of the market for resilient floor covering is driven by several factors. Firstly, the construction industry has witnessed significant development, and the demand for wood floors is increasing in particular in the developing economies. Rising urbanization, renovation activities, and the growing preference for aesthetically appealing and low-maintenance flooring options have contributed to market expansion. Regarding regional market trends, North America and Europe have traditionally been the key markets for resilient floor coverings, driven by the high demand for flooring materials in residential and commercial construction projects. However, the Asia-Pacific region, including countries like China and India, has witnessed rapid urbanization and infrastructure development, increasing demand for resilient flooring options.
The resilient floor-covering market is experiencing a surge in demand due to the post-COVID-19 home renovation trend. People are looking for durable and easy-to-maintain flooring options, boosting market growth. The increasing focus on hygiene and cleanliness has also led to the preference for resilient floor coverings. The market is expected to increase further over the next few years.
