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Resilient Flooring Global Market Report 2024 - By Demand, Trends, Size, Industry Analysis, Forecast To 2033
Resilient Flooring Market
As per the report, the resilient flooring market size has grown strongly in recent years. It will grow from $35.38 billion in 2023 to $37.59 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The resilient flooring market size is expected to see strong growth in the next few years. It will grow to $48.45 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
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Resilient Flooring Market On The Rise A Consequence Of Rapid Urbanization
Rapid urbanization is contributing to the growth of the resilient flooring market. Economic, political, and social issues will combine with the circumstances of modernization to make people migrate from rural areas to urban areas. The expansion of modern offices, rapid urbanization, and evolving lifestyles are paving the way for the growth of newer flooring substances. For instance, in June 2021, according to UNCTAD, a Geneva-based intergovernmental organization intended to promote the interests of developing states in world trade, by 2020, the share of the urban population increased to 56.2%. It is generally higher in the developed world (79.2% in 2020) than in the developing world (51.6%). Furthermore, in October 2021, according to the data published by the World Bank report, a US-based international financial institution that provides loans and grants to the governments of low- and middle-income countries to pursue capital projects, the world's population living in urban areas has increased from 37% to 56% in the past 50 years. Thus, rapid urbanization will drive the growth of the resilient flooring market.
Eco-Friendly Innovation Technological Advancements Transforming The Resilient Flooring Market
Technological advancement is a key trend gaining popularity in the resilient flooring market. More consumers are looking for ideas to make homes more sustainable. With trends such as solar panelling and energy efficiency, more and more homeowners are using eco-friendly building materials. Resilient flooring requires non-renewable resources for manufacturing, which makes it difficult to deal with consumers' preference for sustainable materials. For example, in 2021, Beaulieu Flooring is having hefty sales to deliver resilient flooring that answers design, function, and sustainability in the future.
The resilient flooring market covered in this report is segmented -
1) By Product Type: Luxury Vinyl Tile, Vinyl Sheet and Floor Tile, Rubber, Linoleum, Other Product Types (Cork)
2) By Construction Activity: Resilient Flooring for Renovation, Resilient Flooring for New Construction
3) By Application: Residential, Commercial, Other Applications (Industrial)
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Major companies operating in the resilient flooring market include Mohawk Industries Inc., Tarkett S.A, Shaw Industries Group Inc., Armstrong World Industries Inc., Forbo Flooring UK Ltd., Global Flooring Group, Interface Inc., Beaulieu International NV, Novalis Innovative Flooring, Congoleum Corp., IVC Group of Belgium, Amtico International Co. Ltd., Mannington Mills Ltd., Unilin of Belgium, Milliken and Company, De Nora India Limited, Fatra AS, American Biltrite Inc., Polyflor Ltd., Burke Industries Inc., Karndean International Limited, Berkshire Hathaway Inc., Alite floor LLC, Pergo Pvt. Ltd., DLW Flooring GmbH, Metroflor Corporation, Raskin Industries LLC, Parterre Flooring Systems LLC, Gerbert Limited, LG Hausys Ltd., Hanwha L&C Corporation, Metroflor Corporation, Parterre Flooring Systems, Burke Industries Inc., Creative Panel Solutions
Contents of the report:
1. Executive Summary
2. Resilient Flooring Market Report Structure
3. Resilient Flooring Market Trends And Strategies
4. Resilient Flooring Market - Macro Economic Scenario
5. Resilient Flooring Market Size And Growth
…..
27. Resilient Flooring Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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