What is Resilient Flooring Market?
Resilient flooring, also known as vinyl flooring, is flooring made from carefully selected natural and synthetic materials. Currently, resilient flooring is a sophisticated combination of polymer materials. Polymers are large molecules made up of repeating structural units that provide increased strength and durability for the life of the product. This product design has changed over the years, just as products in other industries have incorporated new and better technology, as have resilient floors. The material that holds the mix together is either asphalt or resin. There are six main types of resilient flooring: linoleum, asphalt, vinyl (composite and solid), rubber, wood, and cork. Roller shelves consist of large sheets of material. There are different types of resilient flooring that can be made depending on requirements, material availability, and other factors of need.
The market study is being classified by Type (Vinyl Flooring, Linoleum, Rubber and Others), by Application (Commercial Flooring and Residential Flooring) and major geographies with country level break-up.
Tarkett (France), Armstrong World Industries (United States), Beaulieu (Belgium), Forbo Holding (Switzerland), Mohawk Industries (United States), Gerflor (France), Mannington Mills Inc. (United States), Shaw (Canada), Congoleum Corporation (United States), DLW Flooring (Germany), James Halstead (United Kingdom) and NOX Corporation (South Korea) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are LG Hausys, Ltd. (South Korea), TOLI (Japan) and Naibao Floor (China).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that European Manufacturers will contribute to the maximum growth of Global Resilient Flooring market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Resilient Flooring market by Type, Application and Region.
On the basis of geography, the market of Resilient Flooring has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Rapid Urbanization and Industrialization
- Rising Need for Workspaces
- Rise In the Number of Renovation & Remodeling Activities
- Increased Demand for Slip-Resistant and Anti-Bacterial Flooring Solutions
Market Trend
- Rising Development of Innovative Floor Covering Solutions
- A Surge in Changing Trends in Construction Solutions and Floor Design
Restraints
- Volatile Raw Material Prices
- The Rise in Health & Environmental Concerns
Opportunities
- Increasing Government Spending On Infrastructure Development
- Rapid Urbanization and Growth in Building & Construction Industry
- A Rise in Demand from Emerging Economies
Challenges
Market Leaders and some development strategies
During January 2018, Tarkett expanded its LVT (Luxury Vinyl Tiles) manufacturing capacity in Europe and North America by investing USD 85.9 million over the next three years to meet the growing demand for modular vinyl flooring. The investment will further improve sustainable and efficient manufacturing. In the USA, around USD 60 million will be invested in two production sites in Florence, AL, USA, and Europe. The investment is made in Poland and Luxembourg.
Key Target Audience
Manufacturers of Resilient Flooring, Suppliers and Distributors of Resilient Flooring, End-Users, Potential Investors, Market Research Firms and Others