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Resilient Flooring Market Anticipated To Witness Robust Growth, Surpassing $52.7 Billion By 2029
Resilient Flooring Market Share
What Is the Current Resilient Flooring Market Size and Its Estimated Growth Rate?
The market size of resilient flooring has seen a significant increase in the past several years. The market is expected to expand from $37.35 billion in 2024 to a sizeable $39.7 billion in 2025, representing a compound annual growth rate (CAGR) of 6.3%. Factors such as its longevity and minimal upkeep, utilization in both commercial and residential constructions, eco-friendly and sustainable choices, surge in urbanization, and renovations and remodels have contributed to the growth in the historic period.
The market for resilient flooring is poised for substantial growth in the coming years, with projections suggesting it will escalate to a worth of $52.7 billion come 2029, experiencing a compound annual growth rate (CAGR) of 7.3%. This predicted growth in the period under review can be traced back to the expansion of the healthcare and hospitality sector, the allure of innovative design and aesthetics, extensive usage of resilient flooring in sporting facilities, adoption of anti-microbial and cleanliness-friendly surfaces, compliance with environmental norms and certifications, and advent of smart and interconnected flooring solutions. Projected trends over the forecast period encompass luxury vinyl tiles and planks, hybrid and firm core flooring, the incorporation of recycled and eco-friendly flooring materials, the application of digital printing technologies for design purposes, the penetration of resilient flooring in modular and click-lock configurations, and the integration of floor heating and cooling systems.
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How Are Emerging Segments Shaping the Resilient Flooring Market Landscape?
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)
Subsegments:
1) By Luxury Vinyl Tile: Wood Look, Stone Look, Patterned Designs
2) By Vinyl Sheet and Floor Tile: Sheet Vinyl, Vinyl Tiles, Commercial Vinyl
3) By Rubber: Rubber Tiles, Rubber Sheets, Rubber Rolls
4) By Linoleum: Sheet Linoleum, Tile Linoleum
5) By Other Product Types: Cork, Bamboo, Foam Flooring
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Which Growth Factors Are Influencing Resilient Flooring Market Expansion?
The increase in urban living is fueling the expansion of the resilient flooring market. A blend of economic, political, and social challenges along with the elements of modernization is leading to a shift in population from rural to urban regions. The rise of contemporary workplace environments, quickening urbanization, and shifting lifestyles contribute towards demand for innovative flooring materials. According to the statistics provided by the United Nations Department of Economic and Social Affairs, at present, 55% of the worldwide population is living in urban localities, with expectations to reach 68% by 2050. Consequently, swift urbanization is expected to boost the resilient flooring market's growth.
Who Are the Dominant Players Across Different Resilient Flooring Market Segments?
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, 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
What Are the Latest Developing Trends in the Resilient Flooring Market?
The trend of technological innovation is rising in prominence within the resilient flooring market. A growing number of consumers seek out ways to improve their homes with sustainability in mind. Among this trend are options like solar paneling and improved energy efficiency, leading to an increased use of eco-friendly construction materials. However, the production of resilient flooring involves non-renewable resources, posing a challenge for consumers inclined towards sustainable resources. For example, Mohawk Industries, a flooring manufacture based in the US, launched PureTech in March 2024. This new line of resilient flooring, free from PVC, marries high performance with a commitment to environmental sustainability. PureTech flooring, composed of zero PVC plastics and boasting 70% of the total recycled content, includes an 80% renewable organic core, positioning it as one of the most eco-friendly flooring choices. In addition to being waterproof, it provides superior protection against wear and stains and offers thrice the scratch resistance of traditional flooring options.
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Which Geographic Regions Are Expected to Dominate the Resilient Flooring Market in the Coming Years?
Asia-Pacific was the largest region in the resilient flooring market in 2024 and is also expected to be the fastest-growing region during the forecast period. The regions covered in the resilient flooring market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Resilient Flooring Market?
2. What is the CAGR expected in the Resilient Flooring Market?
3. What Are the Key Innovations Transforming the Resilient Flooring Industry?
4. Which Region Is Leading the Resilient Flooring Market?
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