Emerging Trends to Drive Resilient Flooring Market Growth at 7% CAGR Through 2029

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Resilient Flooring Market Size Growth Forecast: What to Expect by 2025?
The market size of resilient flooring has witnessed substantial growth in the past few years. It is set to increase from $37.35 billion in 2024 to $39.3 billion in 2025, marking a compound annual growth rate (CAGR) of 5.2%. The reasons behind the significant growth during the historical period include its durability, low maintenance, application in commercial and residential construction, options that are environmentally friendly and sustainable, higher urbanization rates, and the increase in renovation and remodeling undertakings.

How Will the Resilient Flooring Market Size Evolve and Grow by 2029?
The market size for resilient flooring is projected to expand significantly in the forthcoming years, increasing to $51.58 billion in 2029 with a compound annual growth rate (CAGR) of 7.0%. The predicted surge during this period can be related to the evolution in the healthcare and hospitality sectors, creative design and aesthetics, use of resilient flooring in sporting facilities, presence of anti-bacterial and easy-to-maintain surfaces, as well as environmental regulations and certifications. Furthermore, state-of-the-art and integrated flooring solutions are becoming popular. Over the forecast period, trends such as luxury vinyl tiles and planks, hybrid and rigid core flooring, recycled and eco-friendly flooring materials, use of digital printing technology for design, modular and click-lock formats for resilient flooring, and floor-based heating and cooling systems are expected to prevail.

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What Drivers Are Propelling the Growth of Resilient Flooring Market Forward?
The resilient flooring market's expansion can be attributed to fast-paced urbanization. Factors like financial, political, and societal issues couple with modernization, leading to the shift of individuals from rural to urban regions. This movement, along with the rise of contemporary offices and changing lifestyles, stimulates the emergence of new flooring materials. For example, the United Nations Department of Economic and Social Affairs reports that presently 55% of the world's population dwell in urban zones, and this is forecasted to escalate to 68% by 2050. Therefore, swift urbanization acts as a trigger for the resilient flooring market's growth.

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Which Fast-Growing Trends Are Poised to Disrupt the Resilient Flooring Market?
The rise in technology is a notable trend that is rapidly gaining traction in the market for resilient flooring. An increasing number of consumers today are seeking ways to make their homes more eco-friendly. With the emergence of trends like solar panel installation and energy efficiency, there has been a surge in homeowners adopting environmentally friendly construction materials. The production of Resilient flooring, however, requires non-renewable resources, posing a challenge in fulfilling consumer demands for green materials. For example, Mohawk Industries, a flooring manufacturing company based in the US, launched PureTech in March 2024. This is a novel line of resilient flooring devoid of PVC. Created with both functionality and environmental sustainability in mind, PureTech comprises zero PVC plastics and has 70% total recycled content, inclusive of an 80% renewable organic core, making it one of the most eco-friendly flooring options available. The flooring is waterproof, provides superior protection against wear and stain, and boasts thrice the scratch resistance of conventional options.

What Are the Key Segments in the Resilient Flooring Market?
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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Who Are the Key Players Shaping the Resilient Flooring Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Resilient Flooring Market?
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.

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