Resilient Flooring Market Share, Size, Trends, Industry Analysis Report, By Product (LVT, Vinyl Sheet & Floor Tile, Linoleum, Cork, Rubber); By Application; By Distribution Channel; By Region; Segment Forecast, 2024 - 2032
- Published Date:Jan-2024
- Pages: 116
- Format: PDF
- Report ID: PM3287
- Base Year: 2023
- Historical Data: 2019-2022
Report Outlook
The global resilient flooring market was valued at USD 40.4 billion in 2023 and is expected to grow at a CAGR of 6.7% during the forecast period. The increasing need of low-cost housing by key regions along with rising global population is estimated to support the demand for building and construction materials. This coupled with strong demand for robust flooring solutions as compared to traditional flooring is expected to foster the growth of the market.
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For instance, in February 2023, Arbour Housing announced a USD 24.0 million project of building 270 social and affordable homes in the region of Northern Ireland. The project is further enable financial grants by the Department for Communities, Ireland to meet the rising demand of housing in the area while supporting sustainable and energy efficiency standards. Therefore, this project along with low cost benefits of resilient flooring is anticipated to cater the rising demand and is estimated to drive the growth of the market.
The advent of 3D printing in designing of resilient flooring and tiles has given rise to the customization of flooring and has gained popularity among consumers. This along with cost-effective options in resilient flooring as compared to traditional materials with key advantages such as maintenance-free application is expected to surge the adoption of resilient flooring. For instance, in January 2023, Archireef developed the world’s first 3D-printed reef tiles with terracotta. The tiles are non-toxic, biodegradable and are utilized coral environment rehabilitation. Therefore, increasing research in tile and floor designing by key companies to develop innovative flooring solutions is anticipated to support the growth of the market.
Additionally, increasing research in architecture and interior designing to develop innovative projects is predicted to promote the demand of the resilient flooring. This along with key product launches by major market players to cater the rising demand of resilient flooring is estimated to drive the growth of the market. For instance, in February 2023, Interface announced launch of its novel hard flooring with the benefits of a resilient tile. The product Even Path is a type of rigid core flooring which is able to balance the floor imperfection along with withstanding heavy loads such as furniture among others. Key product launches by companies pioneering in the resilient flooring industry along with increasing demand of interior remodeling and new constructions is expected to drive the growth of the market.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the resilient flooring market. The restrictions on trade and slowdown in the construction industry during the pandemic, shortage of raw material and other supplies, shortfall in available skilled labor among other reasons hampered the growth of the market. Moreover, limited access to ongoing and new large scale projects also affected new investments in resilient flooring market space further impeding market growth.
Industry Dynamics
Growth Drivers
The growth in the real estate industry along with increasing population across the globe is creating a demand of residential complexes and infrastructure such as community centers and shopping malls. This coupled with technological advancements in flooring technology to furnish these projects with befitted flooring is estimated to drive the growth of the resilient flooring market.
Moreover, rising consumption of goods and services is increasing the demand for industrial complexes and hubs to cater the ever growing commercial needs. This combined with sustainable and cost-effective solutions provided by resilient flooring such as customizable flooring with durability to offer robust utility is anticipated to drive the growth of the market. Furthermore, market players investing in development of novel flooring options with environmentally green outlook such as flooring made from recycled and biodegradable materials is improving uptake of resilient flooring. This combined with the surging renovation market is estimated to drive the adoption of resilient flooring thereby bolstering the growth of the market.
Report Segmentation
The market is primarily segmented based on product, application, distribution channel and region.
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By Product |
By Application |
By Distribution Channel |
By Region |
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Vinyl Sheet & Floor Tile segment is expected to witness fastest growth over the forecast period
Vinyl sheet flooring offer key advantages to the such as hard-wearing surface, cost effective alternative to stone/ceramic/wood flooring and have effective in damp environment such as kitchens, bathrooms among others. This along with increasing adoption of these sheets among industrial and residential projects due to high quality products and their cost benefits is projected to grow the market.
Moreover, new product launches offering innovative and affordable flooring sheets is anticipated to support the rising demand of comfortable and water resistant flooring with customization of various colors to match the interior theme of the project. For instance, in February 2023, Spartech announced launch of SoundX Mass Loaded Vinyl (MLV) flexible sheets with key features such as sound abatement in industrial, automotive and building applications. The flooring is chosen to reduce noise pollution in these facilities along with additional color customization by adding layers of film to the flooring.
Residential accounted for the largest market share in 2022
The increasing number of residential projects in the construction industry along with high demand for affordable housing is expected to support the demand for resilient flooring. This along with increasing uptake of resilient flooring through residential constructions for cost effective and durable options is expected to cater the rising demand and is driving the growth of the segment.
For instance, in Feb 2023, Persimmon announced launch of a new residential project involving development of 178 homes as part of St Modwen’s Glan Llyn regeneration scheme in Newport. The project is estimated to have an investment of USD 1.2 Billion. Moreover, the company has also announced its partnership with Pobl, a housing association to develop 18 social homes. Therefore, the increasing number of housing projects by major market players is anticipated to augment the demand for resilient flooring and support the growth of the segment.
Home centers segment is expected to hold the significant revenue share
Major market players among flooring manufacturers prefer displaying their product portfolio through various home centers owing to their rise in popularity among consumers over recent years. All the more, increasing number of smaller brick and mortar stores operating in the middle market of resilient flooring among others are expected to increase the reach of product offerings to key consumers and support the growth of the segment.
The presence of home centers offering a holistic interior option of furnishing apartments inclusive of floors is anticipated to drive the uptake of resilient flooring through the segment. The trend is well established in developed countries and is upcoming in developing countries depending on the purchasing power of its consumer base of in the region.
Moreover, various home flooring providers rebuilding their brand image to cater the rising demand of home flooring market is further anticipated to drive the growth of the segment. For instance, in February 2023, Dixie homes announced the rebranding of its business to DH floors to further enlist their products of home flooring options. The development is aimed at strengthening the brand presence of the company in the home flooring industry along with further establishing its market presence through the home center segment.
The demand in Asia Pacific is expected to witness significant growth
The growth of market in Asia Pacific is due to surging demand of housing, healthcare infrastructure, rapid industrialization along with rise in awareness of resilient flooring in key countries. Key projects funded by government organizations to enable necessities such as access to water and sanitation are anticipated to boost infrastructure demand in the region. This demand coupled with cost effective offerings of resilient flooring is anticipated to drive the growth of the market in the region.
For instance, in February 2023, the Australian Department of Foreign Affairs and Trade (DFAT) among others supporting the Global Water Security and Sanitation Partnership (GWSP), have substantially developed its water program in the Pacific region over a period of five years. The projects include Solomon Islands, Timor Leste with water and sanitation projects in Kiribati. These are large scale long term projects which require resilient flooring among other building materials and are expected to augment the demand for the market. Therefore, the growing demand of these materials met by key suppliers of resilient flooring is anticipated to drive the growth of the market.
Competitive Insight
Some of the major players operating in the global resilient flooring market include Beaulieu International, Mohawk Industries, Shaw Industries Group, Gerflor, Forbo Flooring Systems, Interface, Tarkett, IVC Group, and MONDO.
Recent Developments
- In February 2023, Milestone Flooring announced launch of Area 51 and Atelier as their novel carbon neutral launch for porcelain tile collection. The product launch offers diversity in tile aesthetics along with an environmentally conscious effort to develop a sustainable product with industrial versatility. The product has EPD and HPD certifications strengthening the brand image of the company along with diversifying the company’s product portfolio.
- In December 2022, Unilin Technologies announced launch and showcase of Unicoat and Flintile, ground breaking technologies in the resilient flooring industry. Unicoat is a product to avoid floor damages due to moisture along with Flintile as the waterproof groutable locking system for flooring systems. The company will display both product launches at Domotex and TISE for the year 2023 fortifying its market presence in the industry.
Resilient Flooring Market Report Scope
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Report Attributes |
Details |
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Market size value in 2024 |
USD 42.99 billion |
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Revenue forecast in 2032 |
USD 72.37 billion |
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CAGR |
6.7% from 2024- 2032 |
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Base year |
2023 |
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Historical data |
2019 - 2022 |
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Forecast period |
2024- 2032 |
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Quantitative units |
Revenue in USD billion and CAGR from 2024 to 2032 |
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Segments covered |
By Product, By Application, By Distribution Channel, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Beaulieu International Group, Mohawk Industries Inc., Shaw Industries Group, Inc., Gerflor, Forbo Flooring Systems, Fatra a.s., Interface, Inc., Tarkett S.A, IVC Group, MONDO S.p.A. among others. |
FAQ's
The global resilient flooring market size is expected to reach USD 72.37 billion by 2032.
Key players in the resilient flooring market are Beaulieu International, Mohawk Industries, Shaw Industries Group, Gerflor, Forbo Flooring Systems, Interface, Tarkett, IVC Group, and MONDO.
Asia Pacific contribute notably towards the global resilient flooring market.
The global resilient flooring market expected to grow at a CAGR of 6.7% during the forecast period.
The resilient flooring market report covering key segments are product, application, distribution channel and region.
