Resilient Flooring Market Size Worth $72.37 Billion By 2032 | CAGR: 6.7%

Resilient Flooring Market Size Worth $72.37 Billion By 2032 | CAGR: 6.7%

The global resilient flooring market size is expected to reach USD 72.37 billion by 2032, according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Increasing consumption of goods among population along with rapid urbanization of landscapes is creating a rising demand of construction materials such as resilient flooring. This is creating an upsurge in the number of manufacturing units and industrial hubs to cater the growing demands of consumption for goods.

Moreover, the rising trend of large-scale residential complex and gated communities built away from the city is anticipated to augment the growth of the market. For instance, in June 2022, Noble properties announced launch of its first gated community in Jordan, AlShahd City 3. The property is located at the Amman Airport road and is part of the growth strategy by the Jordanian Bank in the Hashemite kingdom. Therefore, large scale projects of residential communities built across the globe are anticipated to promote the growth of the resilient flooring market.

The escalation in the tourism industry among key countries along with increasing need of healthcare infrastructure to cater medical tourism is estimated to drive the growth of the market. Moreover, growing patient population requiring hospital admissions and specialized facilities is expected to support the demand infrastructure development and uptake of resilient flooring, thereby fostering the market growth.

For instance, in February 2023, the NHS announced a newly built health hub to replace the old cottage hospital and healthcare to enable modern diagnostics, primary care and and outpatient services at its War memorial hospital in Southampton, U.K. Such modernizing projects undertaken to elevate healthcare and relative infrastructure is expected to bolster the demand of construction materials such as resilient flooring. This coupled with rising demand for robust flooring is estimated support the growth of the market.

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Due to the challenges put forth for achieving desired outcomes during the affected period to cater the consumer demand, has promoted the building and construction industry to focus on developing township infrastructure over conventional city based projects. In addition, a healthcare infrastructure project in smaller townships to keep services accessible through lockdown situations is supporting the demand for resilient flooring. This along with resumption of trade and resuming of commercial activities is expected to augment the growth of the market post pandemic.

Resilient Flooring Market Report Highlights

  • Vinyl Sheet & Floor Tile segment is anticipated to grow at a largest CAGR over the forecast period owing to increasing applications and versatile use of these tiles in flooring.
  • Home Centers segment is expected to hold the significant share due to the advertising campaigns by leading manufacturers
  • Asia Pacific registered the highest growth rate over the study period on account of the rising industrial projects and commercial hubs among key countries coupled with migration of people to these countries.
  • The global players include Beaulieu International, Mohawk Industries, Shaw Industries, Gerflor, Forbo Flooring Systems, Fatra, Interface, Tarkett, IVC Group, and MONDO.

Polaris Market Research has segmented the resilient flooring market report based on product, application, distribution channel and region:

Resilient Flooring, Product Outlook (Revenue - USD Billion, 2019 - 2032)

  • LVT
  • Vinyl Sheet & Floor Tile
  • Linoleum
  • Cork
  • Rubber

Resilient Flooring, Application Outlook (Revenue - USD Billion, 2019 - 2032)

  • Residential
  • Non-residential

Resilient Flooring, Distribution Channel Outlook (Revenue - USD Billion, 2019 - 2032)

  • Home Centers
  • Specialty Stores
  • Online
  • Others

Resilient Flooring, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa