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Resilient Flooring Market Size

Report ID: GMI10535
Published Date: Jul 2024
Report Format: PDF

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Resilient Flooring Market Size

Resilient Flooring Market was valued at around USD 34.3 billion in 2023 and is estimated to register a CAGR of around 5.9% between 2024 & 2032. Urbanization and population increase are driving the global market for resilient flooring. The need for resilient flooring materials is rising as a result of increased infrastructure development and building activity, particularly in developing nations. The use of resilient flooring products in home and commercial settings is growing.

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Homeowners like materials like luxury vinyl tiles' (LVT) affordability, easy maintenance, and longevity in residential settings. Resilient flooring is a desirable option in business settings like healthcare and educational institutions because of its hygienic qualities and simplicity of cleaning.

Resilient Flooring Market Report Attributes
Report Attribute	Details
Base Year:	2023
Resilient Flooring Market Size in 2023:	USD 34.3 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	5.9%
2032 Value Projection:	USD 57.4 Billion
Historical Data for:	2021 - 2023
No. of Pages:	145
Tables, Charts & Figures:	365
Segments covered:	Product Type, Application, Price Range, Distribution Channel, Region
Growth Drivers:	Growth in renovation and remodeling activities Durability and low maintenance
Pitfalls & Challenges:	High initial costs

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Price fluctuations for raw materials, particularly for petroleum-based goods like vinyl, can affect how much resilient flooring costs to produce. Manufacturers' profitability and pricing strategies are impacted by this volatility. Conventional flooring materials including hardwood, ceramic tiles, and carpeting are still widely used. These materials present resilient flooring solutions with competitive hurdles since they frequently appeal to consumers seeking particular aesthetic attributes or apparent durability.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of resilient flooring was worth about USD 34.3 billion in 2023 and is expected to register 5.9% CAGR from 2024 to 2032, owing to the urbanization and population increase worldwide.

Resilient flooring industry from the flexible luxury vinyl tile segment is expected to reach USD 20.5 billion by 2032, due to technological developments in digital printing, making it possible to produce complex patterns and textures.

North America resilient flooring industry is expected to register 6.2% CAGR from 2024 to 2032, due to the rapid building activity in the residential, commercial, and industrial sectors in the region.

Gerflor Group, Interface, Inc., IVC Group (a division of Mohawk Industries), Karndean International Ltd., LG Hausys, Ltd., Mannington Mills, Inc., Mohawk Industries, Inc., Polyflor Ltd, Shaw Industries Group, Inc., and Tarkett S.A., are some of the resilient flooring companies worldwide.