250 Pages Resilient Flooring Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
The report offers actionable and valuable market insights of Resilient Flooring. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Resilient Flooring Market across various industries and regions.
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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Resilient Flooring market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Resilient Flooring
This newly published and insightful report sheds light on Market Insights of Resilient Flooring, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Resilient Flooring Market.
Fact.MR’s recent study on the global resilient flooring industry projects the market to grow at nearly 5.6% CAGR, in terms of value until 2026, surpassing US$ 10 Bn by the end of the short-term forecast period. As of 2020, the market was valued at US$ 7.2 Bn, up from US$ 6.1 Bn in 2017. Rapid urbanization and industrialization have resulted in a high and immediate requirement for resilient flooring in industrial areas, housing projects and IT parks.
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Key Segments Covered
- Material Type
- Vinyl Resilient Flooring
- Linoleum Resilient Flooring
- Cork Resilient Flooring
- Rubber Resilient Flooring
- End User
- Residential Resilient Flooring
- Non-Residential Resilient Flooring
- Construction Activity
- Resilient Flooring for Renovation
- Resilient Flooring for New Construction
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Competitive Landscape
Competition in the global resilient flooring market is expected to rise, with players focusing on gaining a competitive advantage and increasing their market foothold.
They are increasingly focusing on investing in research and developments to cater to the requirements of end-use industries. Companies are not only limited to R&D investments. They are also focusing on product launches to gain a competitive advantage.
- In May 2021, Armstrong Flooring, a leader in the design and manufacture of innovative flooring solutions, announced the launch of three new luxury flooring collections — Biome, Terra, and Coalesce. Each collection is proudly manufactured in the USA and features a 2.5 mm structure with a 20 mil wear layer and patented Diamond 10 Technology for category-leading scratch, stain, and scuff performance.
- In January 2020, Mannington introduced five new looks into the ADURA® Selling Solution. Featuring clean and modern designs that reflect the latest home trends, the four wood, and one tile designs offer colors and styles in a variety of constructions to satisfy any customer. Choosing among ADURA®Flex (traditional LVT), ADURA®Rigid (SPC), and ADURA®Max (WPC) offers the unique opportunity for them to get the pattern and color they love in the product they need.
5 Key Future Prospects of Resilient Flooring Market for Forecast Period 2017-2026 (In Terms of Volume)
- Europe will continue to be the largest market for resilient flooring, followed by Asia-Pacific excluding Japan (APEJ) and North America. Over 40% share of the market is projected to be accounted by sales of resilient flooring in Europe by 2026-end. APEJ and North America are collectively poised to account for approximately half share of the market during the forecast period.
- The market for resilient flooring is anticipated to exhibit the fastest expansion in APEJ and North America through 2026. The market in Europe and Latin America is projected to ride on an above-average CAGR through 2026.
- Based on material type, vinyl is pegged to account for lion’s share of the market, with sales forecast to exceed 1,200 Mn sq. meters by 2026-end. Linoleum is also slated to account for a major market share, with sales exhibiting a CAGR slightly higher than that of vinyl through 2026. Although cork is expected to account for the smallest market share, its sales are expected to exhibit the fastest expansion through 2026.
- On the basis of construction activity, renovation will account for over three fourth market share throughout the forecast period. Sales of resilient flooring for use in renovation activities are expected to exceed 1,500 Mn sq. meters by 2026-end. Sales for use in new construction activities will reflect a relatively faster expansion through 2026.
- Resilient flooring is expected to seek the highest demand from non-residential end-users during the forecast period, with sales accounting for over two-third market share by 2026-end.
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More Valuable Insights on Resilient Flooring Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Resilient Flooring, Sales and Demand of Resilient Flooring, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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