What Are The Forecasted Market Size And Growth Rates For The Global Resilient Flooring Market?
The resilient flooring market size has demonstrated significant growth in recent years, increasing from $37.35 billion in 2024 to a forecasted $39.7 billion in 2025, which represents a compound annual growth rate (CAGR) of 6.3%. The market’s historic progression can be traced back to factors including durability, low maintenance, rising residential and commercial construction activities, increasing demand for eco-friendly and sustainable flooring options, and increasing urbanization.Looking ahead, the resilient flooring market size shows strong potential for growth and is expected to reach $52.7 billion by 2029 at a CAGR of 7.3%. This forecasted growth can be attributed to an expansion in the healthcare and hospitality industry, innovative design and aesthetics, the increasing application of resilient flooring in sports facilities, and the growing demand for anti-microbial and easy-to-clean surfaces.
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What Factors Are Driving The Resilient Flooring Market Growth?
One of the key drivers of the resilient flooring market is rapid urbanization. Economic, political, and social issues combined with modernization are pushing people to migrate from rural areas to urban settings. The construction of new, modern offices and the fast-paced urban life are opening the door to newer flooring substances. According to data from the United Nations Department of Economic and Social Affairs, 55% of the global population resides in urban areas, and it’s projected to climb to 68% by 2050. This rapid urbanization will undoubtedly fuel the growth of the resilient flooring market.
What Are The Major Segments Within The Global Resilient Flooring Market?
The global resilient flooring market can be segmented by:
1) Product Type: Luxury Vinyl Tile, Vinyl Sheet and Floor Tile, Rubber, Linoleum, Other Product Types (Cork)
2) Construction Activity: Resilient Flooring for Renovation, Resilient Flooring for New Construction
3) Application: Residential, Commercial, Other Applications (Industrial)
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Which Are The Major Companies Operating In The Global Resilient Flooring Market?
Major companies operating in the resilient flooring market include Mohawk Industries Inc., Tarkett S.A, Shaw Industries Group Inc., Armstrong World Industries Inc., Forbo Flooring UK Ltd., Global Flooring Group, Interface Inc., Beaulieu International NV, Novalis Innovative Flooring, Congoleum Corp., IVC Group of Belgium, Amtico International Co. Ltd., Mannington Mills Ltd., Unilin of Belgium, Milliken and Company, Fatra AS, American Biltrite Inc., Polyflor Ltd., Burke Industries Inc., Karndean International Limited, Berkshire Hathaway Inc., Alite floor LLC, Pergo Pvt. Ltd., DLW Flooring GmbH, Metroflor Corporation, Raskin Industries LLC, Parterre Flooring Systems LLC, Gerbert Limited, LG Hausys Ltd., Hanwha L&C Corporation, Metroflor Corporation, Parterre Flooring Systems, Burke Industries Inc., Creative Panel Solutions.
What Are The Emerging Trends Shaping The Resilient Flooring Market Landscape?
Technological advancements are key trends gaining popularity in the resilient flooring market. Customers are looking for sustainable ideas to make their homes more eco-friendly. Considering this, Mohawk Industries introduced PureTech in March 2024, a new line of PVC-free resilient flooring designed with both performance and environmental sustainability in mind.
Which Region Holds The Largest Share In The Resilient Flooring Market?
Asia-Pacific held the largest share in the resilient flooring market in 2024 and is also forecasted to be the fastest-growing region. The regions explored in the resilient flooring market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Resilient Flooring Market Report 2025 Offer?
Resilient flooring combines fillers, binders, and colors and is also known as vinyl flooring. The filler materials include synthetic fibers, limestone, and various mineral fillers like asbestos. The material binding the mixture is either asphalt or resin. Resilient flooring includes linoleum, asphalt, vinyl, rubber, wood, and cork. The Resilient Flooring Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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