Press release
Resilient Flooring Market (2017-2026) Projected to Grow at a CAGR of 5.6%
Europe will prevail as Dominant Region in Global Resilient Flooring Market
In terms of value, Europe is likely to prevail as the dominant region in the global resilient flooring market. Dominance of this region can be highly attributed to rapid expansion of the residential and commercial construction sector in light of government support and high standards of living in the region. Asia-Pacific excluding Japan (APEJ) will also remain a remunerative region for the market growth, owing to robust expansion of the construction industry across emerging nations such as India, China, and Thailand, along with regulatory support for the infrastructure development at domestic level. Additionally, proliferation of commercial spaces such as corporate offices, retail stores, and hospitals will further create demand for resilient flooring in APEJ.
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On the basis of material type, vinyl will remain preferred among end-users of resilient flooring across the globe. Vinyl flooring is robust, durable and facilitates maintenance. In addition, vinyl flooring is environment friendly, and comparatively more cost-effective than all other types of materials used for resilient flooring. However, revenues from rubber flooring will increase at a relatively higher CAGR through 2026.
Although non-residential end-users are set to account for a comparatively larger revenue share of the market than residential end-users, the latter are projected to exhibit a relatively faster expansion in the market through 2026. Based on construction activity, resilient flooring are likely to witness the highest demand in renovation activities globally.
Competition Tracking
Competition in the global resilient flooring market is expected to rise, with players focusing on gaining competitive advantage and increasing their market foothold. Key players identified by the report that are underpinning the market expansion include Tarkett, Mannington Mills, Inc., Mohawk Group, Congoleum, Berkshire Hathaway Inc., Beaulieu International Group N.V., Forbo Holding AG, Armstrong Flooring, Burke Industries, Inc., and Karndean International Limited. Resilient flooring manufacturers are inclining their concentration toward developing innovative products coupled with making improvements in advertisement, such as online catalogue. Production capacity expansion, joint venture, product portfolio enhancement, and mergers & acquisitions are likely to remain key strategies employed by players in the global resilient flooring market.
Report Analysis at https://www.factmr.com/report/473/resilient-flooring-market
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