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.
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.
To download the sample pdf of Resilient Flooring Market Report “Please” click here: https://www.millioninsights.com/industry-reports/resilient-flooring-market/request-sample
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.
To browse report summary & detailed TOC, “please” click the link below:
Global Resilient Flooring Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 – 2024)
• Luxury Vinyl Tiles (LVT)
• Vinyl Composite Tiles (VCT)
• Vinyl sheets
Global Resilient Flooring Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 – 2024)
Global Resilient Flooring Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 – 2024)
• North America
• Asia Pacific
• Latin America
• South Africa
Read the Latest Press Releases by Million Insights:
• Smart Electricity Meters Market: The global smart electricity meters market size is projected to account for USD 18.9 billion by 2027. It is likely that the market would register 7.8% CAGR over the forecast duration. The demand for energy security is gaining traction in the energy sector. With the advent of renewable energy sources, this demand has been addressed to some extent.
• Food Service Equipment Market: As per the published report, the global food service equipment market size is expected to arrive at USD 50.01 billion by 2028. It is estimated to develop by 5.5% CAGR from 2021 to 2028.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar