Resilient Flooring Market Size

Resilient Flooring Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The resilient flooring market is expected to grow considerably in the coming years. It is estimated to be worth $38.4 billion in 2023 and is expected to reach $74.3 billion in 2030. This represents a strong compound annual growth rate (CAGR) of 10.0% between 2022 and 2030. The main reason for this growth is the growing demand for durable, low-maintenance floor coverings in both the residential and commercial sectors. The market is also being driven by technological developments in resilient flooring materials, such as the development of eco-friendly and sustainable products. The main players in the resilient flooring market, such as Mohawk Industries, Armstrong and Shaw, are actively involved in strategic activities to take advantage of this growth. These include entering into strategic alliances to increase product offerings, investing in new production processes and launching new product lines to meet changing consumer preferences. These factors will continue to play a crucial role in shaping the market and promoting growth in the resilient flooring industry.

Regional Market Size

Regional Deep Dive

The resilient flooring market is growing dynamically in all regions, mainly driven by the increasing demand for durable and low-maintenance flooring solutions. In North America, the market is characterized by a strong preference for luxury vinyl tiles (LVT) and sheet flooring, largely due to their aesthetic appeal and high-quality properties. In Europe, the market is undergoing a shift towards more sustainable resilient flooring solutions, mainly due to the stricter environmental regulations and the growing demand for eco-friendly products. The Asia-Pacific region is growing rapidly, mainly due to urbanization and rising incomes. The Middle East and Africa (MEA) are also growing rapidly, mainly due to the growing need for new and modernized construction. Latin America is still a developing region, but resilient flooring solutions are beginning to be adopted as part of the modernization of residential and commercial buildings.

North America

• Luxury vinyl tile (LVT) has come a long way. It is now being produced by many companies, among them Mohawk Industries and Armstrong.
• CARB standards are putting pressure on manufacturers to produce low-emission flooring, which makes it more appealing to consumers who are environmentally conscious.
• A new fad has been launched, a renovation of the house. Many people have chosen to have their floors covered with resilient flooring, because of its ease of maintenance and resistance to wear.

Europe

• The European market is more and more occupied with the question of the environment, and in this respect the European Union’s Circular Economy Action Plan is encouraging the use of recycled materials in floor coverings.
• Tarkett and Forbo are the most advanced manufacturers of these resilient floors.
• Europe's regulations are becoming increasingly stringent, particularly in the field of air emissions and waste disposal, which are forcing manufacturers of resilient flooring to adopt new methods of production.

Asia-Pacific

• The rapid urbanization of countries like China and India is driving the demand for resilient floors. Leading companies such as Gerflor and LG Hausys are expanding their activities in these markets.
• The increasing popularity of open-plan living is generating an increased demand for versatile flooring that can withstand heavy traffic and be easy to clean.
• Government projects for improving housing and public works are bringing the construction industry to a new high, which is reflected in the resilient floor coverings market.

MEA

• The construction boom in the Gulf Cooperation Council countries has increased the demand for resilient flooring.
• A major concern of the industry is the promotion of green building practices, which includes the use of eco-friendly flooring materials.
• The special climate conditions of the area are influencing the development of specialized resilient flooring products which can withstand high temperatures and humidity.

Latin America

• Latin America is growing, especially in Brazil and Mexico, where there is a great deal of investment in housing and in the building of roads and railways. This gives the manufacturers of resilient flooring a good opportunity to develop their products.
• The local manufacturers are now beginning to produce materials which suit the taste of the region, combining with modern technology the old and the new.
• Economic and commercial conditions, including the value of foreign currencies and trade agreements, have a significant influence on the prices and availability of imported resilient flooring products in the region.

Did You Know?

“The resilient floor is made of a number of materials, such as linoleum, rubber and even of luxury tiling, which is becoming very popular because of its many possibilities.” — Market Research Future

Segmental Market Size

The resilient flooring market is a major part of the flooring market, and is characterized by its stability and constant demand. The resilient flooring market is growing, primarily driven by the rising demand for durable and low-maintenance flooring solutions, as well as regulations that promote sustainable building materials. For example, the growing popularity of green building certifications is encouraging resilient flooring manufacturers to develop more sustainable resilient flooring solutions, such as luxury vinyl tiles (LVT) and rubber flooring.

Resilient flooring has now reached the stage of maturity, and the market is dominated by the likes of Mohawk Industries and Armstrong. These resilient floors are used mainly in the residential, commercial and institutional sectors. Their versatility and performance are highly regarded. The swine flu pandemic of 1918-19 has accelerated the demand for hygienic and easy-to-clean surfaces, while the push for sustainability continues to influence the choices made by consumers. Moreover, digital printing and improved manufacturing methods are enhancing the aesthetic appeal and performance of resilient flooring.

Future Outlook

Resilient flooring market to grow rapidly from 2023 to 2030, with an estimated market value of $38,844,975,500, and a CAGR of 10.0%. This growth is driven by the increasing demand for durable and low maintenance flooring solutions in the residential and commercial sectors. As urbanization continues to rise and construction activity expands, resilient flooring penetration is expected to increase, with an estimated share of over 30% of the overall flooring market by 2030, compared to an estimated share of approximately 20% in 2023.

Developments in materials and production processes are expected to drive market growth. In particular, improvements in design and functionality, such as improved water resistance and sound absorption properties, will help to satisfy the evolving tastes of consumers. In addition, supportive government policies promoting sustainable building practices and energy-efficient materials are expected to boost the demand for resilient flooring. The integration of smart technology into resilient flooring systems and the growing popularity of luxury vinyl tiles will also play a crucial role in shaping the market and ensuring that the resilient flooring market remains dynamic and responsive to the needs of consumers.