Resilient Flooring Market Size, Major Strategies, Key Companies, Revenue Share Analysis, 2017-2027

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Reports and data

Growing environmental concern and booming construction industry are driving the market need.

NEW YORK, NY, USA, May 24, 2022 /EINPresswire.com/ — The global resilient flooring market is expected to reach USD 59.43 billion by 2027, according to a new report from Reports and Data. The booming construction industry is expected to fuel the growth of the market. A significant increase in commercial and residential construction is also expected to drive the demand for resilient flooring over the next few years. Rapid urbanization has generated a wave of renovation and remodeling activity, increasing demand in the flooring industry. Along with the increasing investments in the construction industry, the increase in infrastructure to keep up with changes in lifestyle contributes to the increase in demand. Product innovation and customization are just a few parameters driving the growth of the market.

In recent years, the development of creative flooring technologies and the evolution of construction solutions and floor design have played a crucial role in industrial growth. An increase in government spending on infrastructure growth is also expected to further stimulate the global economy.

Unpredictable raw material expenses are a near headache. With another looming recession and a growing global trade war, fluctuating commodity prices have become a problem for the industry, making demand and supply unpredictable. This not only hinders the producers but also the entire industry due to the increased price of the finished product. The high risk of cuts due to low pressure points such as table legs limits the growth of this market. The presence of toxic chemicals such as phthalates and high sensitivity to hot items also act as a drag on the market.

The impact of COVID-19:

With the slowdown in global economic growth, the resilient flooring industry has also suffered some impact but has maintained a relatively positive performance, and analysts believe that the market size will be further expanded in the coming years. he debilitating effect of the pandemic has delayed the recovery of demand, both at home and abroad. As a result, exploitation levels are expected to decline further in May. Still, the year-on-year decline is expected to narrow from April as operating levels fell sharply in May due to reduced demand due to slower flows in the construction industry. But by the end of the crisis, sales of resilient flooring are expected to increase due to the focus on antibacterial and healthy flooring.

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Major participants include Mohawk Industries, Inc., Tarkett SA, Forbo Flooring, Shaw Industries, Inc., Mannington Mills, Inc., Gerflow, Beaulieu, Nora System, Armstrong World Industries Inc., and DLW Flooring, among others.

Other key findings from the report suggest

• Government regulations restrict any use of harmful flooring and require producers to meet LEED (Leadership in Energy, and Environmental Design) certification for volatile organic compound (VOC) emissions expanding market reach.
• Increased demand for anti-slip and anti-bacterial flooring solutions is one of the major factors driving the resilient growth of the flooring market
• The development of the country’s government has promoted and invested in infrastructure development and creative IT construction. SEZs and parks, among others. This led to commercial flooring growth at a CAGR of 7.1% and further increase with emphasis on urbanization and industrialization.
• Due to its durability, ease of installation and perceived value due to its thickness and rigidity, the residential market has now fully embraced the product. Consumers equate thickness with quality in the current scenario, and the demand is for rigid core products.
• Europe is expected to dominate the industry by 2027, accounting for 37.5% of the global share. The main factor accelerating market demand appears to be regulatory support for infrastructure growth.

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For the purposes of this report, the reports and data have segmented the global resilient flooring market on the basis of product, application, distribution channel and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

• Luxury vinyl tiles
• Sheet vinyl and floor tiles
• Linoleum
• Cork
• Rubber

Application Outlook (Revenue, USD Billion; 2017-2027)

• Residential
• Commercial

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

• Retail distribution channel
• Wholesale and distribution business trend

To summarize, the report titled “Global Resilient Flooring Market” provides a detailed report of the market through in-depth research on involved companies, current market status, drivers and restraints, and current and future scenario oriented COVID-19. The study explores historical years to provide insights into the market estimation and fruitful opportunities for key players and new ventures.

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Main information presented in the report:

• Market revenue share by major business players, by type, application, and market scope of the global Resilient Flooring Market
• Turnover of the main players and new entrants
• Competitive analysis of major players including company overview, product or service specifications, suppliers and buyers.
• Recent mergers, acquisitions, product launches, recent investments and joint ventures
• Regional analysis to provide insight into recent trends and opportunities

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