Market Size of United Kingdom Resilient Floor Covering Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 600.49 Million |
Market Size (2029) | USD 696.13 Million |
CAGR (2024 - 2029) | > 3.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UK Resilient Floor Covering Market Analysis
The United Kingdom Resilient Floor Covering Market size in terms of Greater Than-3 is expected to grow from USD 600.49 million in 2024 to USD 696.13 million by 2029, at a CAGR of greater than 3% during the forecast period (2024-2029).
Resilient flooring manufacturers use a range of feedstock materials to make their products: from synthetic petrochemical-based polymers, including vinyl, rubber, and polyolefin, to natural materials, such as natural rubber and linoleum. In the United Kingdom, resilient floor covering is one of the fastest-growing markets, and the demand for resilient flooring demand was more than 33.5 million square meters during the previous year. Technological improvements drove the rapid adoption of vinyl floors, replacing linoleum as the predominant resilient floor covering in residential and commercial applications.
Vinyl floor covering was marketed and positioned as a modern material and became an appropriate choice for the emerging technologically sophisticated modern buildings. Through the adoption of emerging technology and innovation, the leading manufacturers of resilient flooring products are focusing on developing unique processes to recycle their production waste back into their manufacturing process to reduce the damage caused to the environment. The changing lifestyles and home decor preferences are the trends that are driving the resilient floor-covering market across the country.