Market Size of Resilient Flooring Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 31.12 Billion |
| Market Size (2029) | USD 47.88 Billion |
| CAGR (2024 - 2029) | > 8.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Resilient Flooring Market Analysis
The Resilient Flooring Market size is estimated at USD 31.12 billion in 2024, and is expected to reach USD 47.88 billion by 2029, growing at a CAGR of greater than 8% during the forecast period (2024-2029).
The COVID-19 pandemic had negatively impacted the resilient flooring market. The nationwide lockdowns and strict social distancing measures had resulted in a halt in residential and commercial construction activities across the globe, thereby affecting the market for resilient flooring. However, post-COVID pandemic, the market recovered well after the restrictions were lifted. The market recovered significantly, owing to the increasing commercial and residential construction activities across the world.
The increasing application of resilient flooring at commercial places and the increasing demand for luxury vinyl resilient flooring are expected to drive the market for resilient flooring.
The increasing concern over environmental impact during the manufacturing of flooring materials and the availability of other flooring products are expected to hinder the market's growth.
The increasing innovations in resilient flooring are expected to create opportunities for the market during the forecast period.
The Asia-Pacific region represents the largest market and is also expected to be the fastest-growing market over the forecast period, owing to the increasing consumption from countries such as China, India, and Japan.
Resilient Flooring Industry Segmentation
Resilient flooring is usually a mixture of fillers, binders, and colors. Filler materials can include synthetic fibers, ground wood, or limestone, and the material that binds the mixture together is either asphalt or resin.
The Resilient Flooring Market is Segmented by Type (Vinyl Flooring, Poly Vinyl Chloride (PVC), Fillers, Vinyl Sheet Flooring, Rubber Flooring, Linoleum Flooring, and Other Types), Application (Commercial, Residential, and Institutional), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Report Offers Market Size and Forecasts for the Market in Value (USD) for all the Above Segments.
| Type | |
| Vinyl Flooring | |
| Poly Vinyl Chloride (PVC) | |
| Fillers | |
| Vinyl Sheet Flooring | |
| Rubber Flooring | |
| Linoleum Flooring | |
| Others (Cork Flooring, Vinyl Composite Tiles, etc.) |
| Application | |
| Commercial | |
| Residential | |
| Institutional |
| Geography | |||||||||||
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Resilient Flooring Market Size Summary
The resilient flooring market is poised for significant growth, driven by increasing construction activities in both residential and commercial sectors worldwide. The market, which experienced a downturn due to the COVID-19 pandemic, has rebounded strongly as restrictions eased, with a notable rise in demand for luxury vinyl resilient flooring. The Asia-Pacific region is expected to lead the market, fueled by robust construction activities in countries like China, India, and Japan. The region's growth is supported by rising disposable incomes and urban infrastructure development, which are spurring the demand for both residential and commercial resilient flooring solutions. Despite challenges such as environmental concerns and competition from alternative flooring products, innovations in resilient flooring are anticipated to create new opportunities for market expansion.
In North America and Europe, the resilient flooring market is also witnessing growth, driven by increasing residential construction activities. The cost-effectiveness and durability of resilient flooring make it an attractive option for both residential homes and commercial buildings. The market is characterized by a partially consolidated structure, with key players like Beaulieu International Group, Mannington Mills Inc., Mohawk Industries, Shaw Industries Group Inc., and Tarkett actively expanding their presence through strategic acquisitions and partnerships. These developments are expected to further strengthen the market's position and drive its growth trajectory over the forecast period.
Resilient Flooring Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Application of Resilient Flooring at Commercial Places
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1.1.2 Increasing Demand for Luxury Vinyl Resilient Flooring
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Increasing Concern Over Environmental Impact During Manufacturing of Flooring Materials
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1.2.2 The Availability of Other Flooring Products
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Type
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2.1.1 Vinyl Flooring
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2.1.2 Poly Vinyl Chloride (PVC)
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2.1.3 Fillers
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2.1.4 Vinyl Sheet Flooring
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2.1.5 Rubber Flooring
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2.1.6 Linoleum Flooring
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2.1.7 Others (Cork Flooring, Vinyl Composite Tiles, etc.)
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2.2 Application
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2.2.1 Commercial
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2.2.2 Residential
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2.2.3 Institutional
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Malaysia
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2.3.1.6 Thailand
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2.3.1.7 Indonesia
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2.3.1.8 Vietnam
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2.3.1.9 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Spain
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2.3.3.6 NORDIC
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2.3.3.7 Turkey
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2.3.3.8 Russia
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2.3.3.9 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Colombia
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2.3.4.4 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Nigeria
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2.3.5.4 Qatar
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2.3.5.5 Egypt
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2.3.5.6 UAE
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2.3.5.7 Rest of Middle East and Africa
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Resilient Flooring Market Size FAQs
How big is the Resilient Flooring Market?
The Resilient Flooring Market size is expected to reach USD 31.12 billion in 2024 and grow at a CAGR of greater than 8% to reach USD 47.88 billion by 2029.
What is the current Resilient Flooring Market size?
In 2024, the Resilient Flooring Market size is expected to reach USD 31.12 billion.
