logo
logo
Sign in

Resilient Flooring Market Will Grow Due To Rapid Industrialization And Urbanization

avatar
Jyoti Waghmare
Resilient Flooring Market Will Grow Due To Rapid Industrialization And Urbanization

Global Resilient Flooring Market size is anticipated to reach USD 9.96 billion by 2024. Resilient flooring is a mixture of natural and synthetic materials that is employed in the replacement for traditional hardwood flooring. The factors that propel the growth of the resilient flooring market include rapid industrialization and urbanization, high demand for resilient flooring in the residential segment, changing consumer lifestyles and trends, and huge number of home improvement and renovation activities.

On the other hand, there are factors that may hamper the growth of the market including high cost of raw material. Resilient flooring industry is anticipated to grow at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

For further inquiries, about - Global Resilient Flooring Industry Analysis, Size, Growth, Trends and Forecast 2013 - 2024, click on this link https://www.millioninsights.com/industry-reports/resilient-flooring-market

Resilient flooring market could be explored by product type, material, application, and geography. The market could be explored by product type as Vinyl Composite Tiles, Luxury Vinyl Tiles, Vinyl Sheets, Linoleum, and Fiberglass Sheets. The “Vinyl composite tiles (VCT)” segment led the resilient flooring industry in 2016 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes good durability, low price, and excellent resilience to abrasion and high impact resistance.

Based on material, the resilient flooring market could span Wood (Engineered Wood, Soft Wood and), Laminate, Carpets and Rugs, Vinyl Sheet and Tile (Heterogeneous, Homogeneous, Luxury Vinyl Tile), Stone, and Ceramic Tile. The “Vinyl Sheet and Tile” segment led the market of resilient flooring in 2016 and is anticipated to maintain its dominance by 2024. The key factors that may be attributed to the growth of market includes durable, robust, and facilitates maintenance. Furthermore, vinyl flooring is comparatively more cost-effective than all other types of materials used for resilient flooring and environment friendly.

The key applications that could be explored in the resilient flooring industry include Non-residential and Residential. The “Resilient Flooring” segment led the market of resilient flooring in 2016 and is anticipated to maintain its dominance by 2024. The key factors that could be attributed to the growth of market includes growing spending capacity of consumers and rising demand for single family housing projects.

North America accounted for the major market share of resilient flooring in 2016 and will continue to lead in the forecast period. The factors that could be attributed to the growth include growing demand from healthcare and retail segments and increased stress on eco-friendly flooring products. North America is followed by Europe and Asia-Pacific owing to increasing number of construction activities in Malaysia, Brazil, India and Thailand and increasing application scope in food & beverage and automotive segments.

Some of the key players that fuel the growth of the resilient flooring industry comprise Shaw Industries Group, Inc, Mohawk Industries, Inc, Tarkett Group, Boral Limited, Toil Corporation, The Dixie Group, FORBO, Cong oleum Corporation, and Interface, Inc. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Request a Free Sample Copy of Resilient Flooring Market Report @ https://www.millioninsights.com/industry-reports/resilient-flooring-market/request-sample

Market Segment:

Global Resilient Flooring Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)
• Luxury Vinyl Tiles (LVT)
• Vinyl Composite Tiles (VCT)
• Vinyl sheets
• Fiberglass
• Linoleum
• Others

Global Resilient Flooring Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)
• Residential
• Commercial
• Industrial

Global Resilient Flooring Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)
• North America
• U.S.
• Europe
• Germany
• France
• UK
• Italy
• Asia Pacific
• China
• India
• Latin America
• Brazil
• MEA
• South Africa

 

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. 

Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: [email protected]
 

Global Headquarters

Million Insights

Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States

Phone: 1-408-610-2300

Email: [email protected]
 

Asia Pacific

Million Insights

Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India

Phone: 91-20-65300184

 

collect
0
avatar
Jyoti Waghmare
guide
Zupyak is the world’s largest content marketing community, with over 400 000 members and 3 million articles. Explore and get your content discovered.
Read more