Global Resilient Flooring Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Resilient Flooring Market 2021 (Includes Business Impact of COVID-19)
Global Resilient Flooring Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global resilient flooring market report has been segmented on the basis of product type, application, and region.
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The global Resilient Flooring market size was valued at USD$ 35.83 billion in 2020 and is projected to reach $77.64 billion by 2030, and is anticipated to expand at a CAGR of 8.10% over the forecast period from 2020 to 2030.


Global Resilient Flooring Market: Overview


Resilient flooring is a type of flooring made up of materials such as PVC, linoleum, rubber, etc., and lies between soft floors such as carpet and hard floor such as stone. There are different types of Resilient floorings such as Vinyl Flooring, Poly Vinyl Chloride (PVC), Fillers, Vinyl Sheet Flooring, Vinyl Tile Flooring Rubber Flooring, Linoleum Flooring Cork Flooring, etc., used in construction industry. Factors such as durability, scratch resistant, waterproof, odor proof, and easy to clean make it more preferable flooring type across the globe.


Global Resilient Flooring Market: Dynamics


Increasing number of construction, renovation, and reconstruction projects across various countries is a key factor expected to drive growth of the global market over the forecast period.

In addition, changing consumer lifestyle and rising preference towards aesthetics appearance along with increasing demand for wear and tear resistance surfaces are some other factors expected to further fuel growth of the target market over the forecast period.

Moreover, availability and affordability of such floorings are other factors expected to boost growth of the target market over the forecast period.

Furthermore, increasing government expenditure in order to improve infrastructural development across various countries is another factor expected to propel growth of the global market over the forecast period.

However, rising adoption of soft coverings and non-resilient floorings such as ceramic tiles are expected to restrain growth of the global market over the forecast period.

Ongoing trend observed in the target market is increasing manufacturers preference towards customized product offerings as per customer demand, this trend is expected to support growth of the target market over the forecast period.

Increasing manufacturers focus towards improvement of their business by various business strategies such as mergers, acquisitions, etc., and development of innovative product in order to improve product offerings are expected to create potential revenue opportunities for players operating in the target market over the forecast period.


Global Resilient Flooring Market: Segment Analysis


Among the product types segments, the luxury vinyl tiles segment is expected to dominate over the forecast period, owing to rising demand for LVTs as durable and aesthetic materials due to its features such as flexible to use, high aesthetic value, and ease of installation among the other product types.

Among the application segments, the residential application segment is expected to register significant growth in terms of CAGR over the forecast period, owing to infrastructural development in housing sector.


Global Resilient Flooring Market: Regional Analysis


The market in North America is expected to dominant in the global market and is expected to continue its dominance over the forecast period, owing to increasing infrastructural development and rising number of projects regarding renovation across various countries in this region. The market in Asia Pacific is expected to register significant growth in terms of CAGR over the forecast period, owing to rapidly growing construction activities and increasing infrastructural development across various countries in this region. The markets Middle East and Africa and Latin America are expected to register moderate growth in terms of CAGR over the forecast period.

Global Resilient Flooring Market Segmentation:

Segmentation by product type:

  
Luxury Vinyl Tiles
  
Vinyl Composite Tiles
  
Vinyl sheets
  
Fiberglass sheets
  
Linoleum
  
Others (Rubber, Wood)

Segmentation by product type:

  
Industrial
  
Residential
  
Commercial


Key Market Players included in the report:


  
AFI Licensing LLC.
  
Alite Floor
  
American Biltrite Inc.
  
Amtico International
  
Armstrong world Industries Inc.
  
Beaulieu International (Belgium)
  
Congoleum Corporation
  
Forbo Flooring India Private Limited
  
Gerflor (France)
  
Interface (US)
  
IVC-Group
  
Mannington Mills, Inc.
  
Milliken & Company (US).
  
Mohawk Industries (US)
  
Novalis Innovative Flooring
  
PERGO
  
Polyflor Ltd
  
Shaw Industries Group, Inc.
  
Tarkett (France)
  
TOLI Corporation (Japan)


Below are the key development related to Resilient Flooring Market in 2020 and 2021.


January 2021: AHF Products Acquires Parterre as Entry into Commercial LVT Sector. AHF Products announced its acquisition of certain assets of Parterre Flooring Systems, a leader in the commercial luxury vinyl tile segment of the flooring industry. Parterre has serviced the commercial flooring market for over 30 years with an extensive product portfolio, impeccable design capabilities and an elite brand, all of which will strengthen AHF Products’ position in resilient flooring solutions. The addition of the Parterre brand along with its product line and sales representatives and agents will enable AHF Products to further accelerate commercial growth through its strong specifier team that will leverage the broad AHF Products and Parterre product portfolios, strategically positioning AHF to better serve the complete needs of its customers. AHF Products expects the addition of the Parterre brand and products to extend its reach in the commercial resilient flooring category, including the healthcare, education, corporate and hospitality sectors. Source

March 2020: ACF Acquires Empire Office Florida Flooring Division. All Commercial Floors, Inc. (“ACF”), a leading national provider of healthcare and commercial floor covering solutions, announced a recent transaction to acquire Empire Office Inc.’s (“Empire” or “Empire Office”) Florida flooring division. Empire Office is the largest commercial furniture dealer in the U.S., featuring Steelcase and over 400 other brands nationwide. Source

February 2020: Pharr Closes On Sale Of Two Business Units To Mannington Mills. Pharr, a diversified provider of differentiated textile products and assorted real estate businesses, announced the sale of its Pharr Fibers & Yarns and Phenix Flooring divisions to Mannington Mills (Mannington) under an agreement previously announced in November 2019. Based in Salem, N.J., Mannington manufactures residential and commercial sheet vinyl, luxury vinyl, laminate, resilient and hardwood floors; as well as commercial carpet and rubber. The acquisitions are expected to help establish Mannington as one of the largest suppliers in the floor covering industry, participating in both residential and commercial hard and soft surface categories. The company plans to continue current operations at Pharr’s manufacturing facilities in McAdenville, N.C., and Dalton, Ga. Source