Resilient Flooring Market By Reports And Data
Resilient Flooring Market
To Reach USD 59.43 Billion
By 2027
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Market
TShe ugromwingm enviaronrmyental concern and rising construction industry are driving the need for the market.
Market Size – USD 36.79 Billion in 2019, Market Growth - CAGR of 6.8%, Market Trends – High demand from
developing nations.
The global Resilient Flooring market is forecast to reach USD 59.43 Billion by 2027, according to a new report by Reports and
Data. The rising construction industry is likely to fuel the growth of the market. It is also expected that a major increase in
commercial and residential construction will boost demand for resilient flooring in the next few years. Rapid urbanization has
generated a wave of renovation and remodeling activities, increasing demand in the flooring industry. Along with growing
investments in the construction industry, the rise in infrastructure to keep up with lifestyle changes contributes to increased
demands. Product innovation and customization are just a few parameters which drive market growth.
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Market
STheu unpmredicmtablea rarw myaterial expense represents near-headache. With another recession
looming and rising global trade war, the raw material's fluctuating price has become a problem for
the industry, making demand and supply unpredictable. This hinders not only the producers but
also the entire industry due to the increase in the price of the finished product. High risk of cutting
due to low-pressure points such as table legs restricts this market's growth. The presence of toxic
chemicals such as phthalates and high sensitivity to hot items also acts as a market restraint.
Further key findings from the report suggest-
• Increased demand for slip-resistant and antibacterial flooring solutions is one of the main factors
that drive resilient growth in the flooring market
• Due to its durability, ease of installation, and perceived value due to its thickness and stiffness,
the residential market has now fully embraced the product. Consumers are equating thickness
with quality in the current scenario, and demand is for rigid core products.
• Developing the nation's government has promoted and invested in infrastructural development
and creative I.T construction. SEZs, and parks, among others. This has resulted in the commercial
flooring growing at a CAGR of 7.1% and increased further with a focus on urbanization and
industrialization.
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Market
Summary
Companies considered and profiled in this market study
Mohawk Industries, Inc., Tarkett S.A., Forbo Flooring, Shaw Industries, Inc., Mannington Mills, Inc., Gerflow, Beaulieu,
Nora System, Armstrong World Industries Inc., and DLW Flooring among others.
For the purpose of this report, Reports and Data have segmented into the global Resilient Flooring market on the
basis of product, application, distribution channel, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
• Luxury Vinyl Tiles
• Vinyl sheet & Floor tiles
• Linoleum
• Cork
• Rubber
Application Outlook (Revenue, USD Billion; 2017-2027)
• Residential
• Commercial
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Market
Summary
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
• Retail Distribution Channel
• Wholesale & Distribution Business Trend
Regional Outlook (Revenue in USD Million; 2016–2026)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa (MEA)
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