Resilient Flooring Market Report by Technology, Industry Share and Size Expansion to 2026 | Fortune Business Insights™
Resilient
Flooring Market will exhibit a CAGR of 9.3% during the forecast period, and USD 58.11
billion by 2027, and the Market value as per 2019 was USD 29.62
billion.
Fortune
Business Insights™ in a new report, titled, “Resilient Flooring
Market Size, Share & COVID-19 Impact Analysis, By Product Type (Luxury
Vinyl Tile, Vinyl Sheet & Floor Tile, Rubber, Linoleum, and Others), By
Application (Residential, Commercial and Others), and Regional Forecast,
2020-2027.”
Resilient Flooring Market Drivers and Restraint:
Rapid Adoption in Commercial and Residential Construction to Drive
Market
Residential
and commercial construction contractors are installing different kinds of
resilient floorings owing to their advantages. These products provide a smooth
surface and are easy to clean & maintain. Also, the ability to resist
moisture makes them suitable for application in the bathroom or kitchen.
Besides, the growing importance of the Leadership in Energy & Environment
Design (LEED) rating system in the construction industry is paving the way for
innovative interior designs. Thus, most of the vinyl floor coverings, which are
traded with LEED ratings are gaining importance among green building
contractors around the world.
RESTRAINING FACTORS
Wide Availability of Other Flooring Products to
Restrict Market
Substitute
to resilient floor coverings such as carpets, area rugs, laminates, ceramic
tiles, stone tiles are widely marketed and used in building and construction.
According to the Floor Covering Weekly Statistical Report, the U.S. floor
covering market is dominated by non-resilient floor coverings and holds more
than 75% value share in 2018. Therefore, the wide acceptance of resilient
flooring substitute products is a key challenge for the growth of the market.
List of Key Players Covered in the Resilient Flooring Market Report:
- Mohawk Industries
(USA)
- Tarkett S.A.
(France)
- Shaw Industries
Group Inc. (USA)
- Armstrong World
Industries Inc. (USA)
- Mannington
Mills, Inc. (USA)
- Forbo Flooring
(The Netherlands)
- LG HAUSYS
(South Korea)
- Gerflor Group
(Germany)
- Interface Inc.
(USA)
- Beaulieu International
Group (Belgium)
- Novalis
Innovative Flooring (China)
- Polyflor Ltd.
(UK)
- Congoleum (USA)
- NOX Corporation
(South Korea)
To gain more insights into the market with a detailed table
of content and figures, Click Here: https://www.fortunebusinessinsights.com/resilient-flooring-market-102945
Some of the key industry developments in the Resilient
Flooring Market Include:
- January 25, 2018: Tarkett
S.A. planned to invest 70 million euros over the next three years to
expand the production capacity of luxury vinyl tiles in Europe and North
America. The company planned to invest 50 million euros in the Alabama
production facility, North America, and rest in European production
facilities in Poland & Luxemburg.
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