The global resilient flooring market size is projected to reach USD 10.4 billion
by 2025 registering a CAGR of 5.0%, according to a new report by Grand View
Research, Inc. Developing countries including Brazil, India, Mexico, and others
are witnessing drastic development in the infrastructure sector owing to rapid
urbanization and industrialization resulting in rising need for IT parks,
industrial areas, and housing projects. Development of innovative floor
covering solutions and changing trends in construction solutions and floor
design have been critical in the industrial development over the last few
years. Increasing government spending on infrastructure development is also
anticipated to drive the global market further.
Rapid urbanization and growth in building
& construction industry, especially in the Asia Pacific region, have
substantially driven the commercial end-use segment of the industry. India led
the APAC resilient flooring market in 2018 and is expected to continue the
dominance from 2019 to 2025 due to favorable government initiatives for
infrastructural development. Vinyl Composite Tiles (VCTs) accounted for the
largest market share in 2018. The segment is expected to maintain its dominance
on account of low cost, excellent durability, and abrasion and impact
resistance of VCTs. Commercial application is projected to be the second-largest
segment. Rapid urbanization along with rising need for workspaces has led to
the growth of this segment.
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https://www.grandviewresearch.com/industry-analysis/resilient-flooring-market
https://www.grandviewresearch.com/industry-analysis/resilient-flooring-market
Further key findings from the study suggest:
· Increased demand for slip-resistant and
anti-bacterial flooring solutions is one of the key factors propelling the
market growth
· In terms of revenue, the market in U.S. is
projected to reach USD 2.19 billion by 2025. Recovery of the construction
industry in the country is anticipated to be a favorable factor for the market
growth
· The product demand in U.K. was 35.1 million
square meters in 2018 and is projected to have a CAGR of 3.4% from 2019 to 2025
· Fiberglass is projected to remain one of
the fastest-growing product segments on account of new product developments
along with the incorporation of new designs and high warranty intervals
· Some of the prominent companies in this
market include Armstrong World Industries, Inc.; Tarkett S.A.; Mohawk; Shaw;
and Mannington Mills
Grand View Research has segmented the
global resilient flooring market on the basis of product, application, and
region:
Resilient Flooring Product Outlook (Volume,
Million Square Meters; Revenue, USD Million, 2015 - 2025)
·
LVT
·
VCT
·
Vinyl Sheet
·
Fiberglass Sheet
·
Linoleum
·
Others
Resilient Flooring Application Outlook
(Volume, Million Square Meters; Revenue, USD Million, 2015 - 2025)
·
Residential
·
Commercial
·
Industrial
Resilient Flooring Regional Outlook
(Volume, Million Square Meters; Revenue, USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East and Africa
About
Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com