Resilient Flooring Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™
The global resilient flooringmarket size is expected to reach USD 58.11 billion by 2027, exhibiting aCAGR of 9.3% during the forecast period. The growing emphasis on greeninfrastructure is expected to spur opportunities for the market, states FortuneBusiness Insights, in a report, titled “Resilient Flooring Market Size, Share & COVID-19 Impact Analysis, By ProductType (Luxury Vinyl Tile, Vinyl Sheet & Floor Tile, Rubber, Linoleum, andOthers), By Application (Residential, Commercial and Others), and RegionalForecast, 2020-2027.” The market size stood at USD 29.62 billion in 2019.
The coronavirus incident has causedenormous financial loss to several industries across the globe. The governmentsof several countries have instigated lockdown to thwart the spread of thisdeadly virus. Such plans have caused disturbances in the production and supplychain. But, with time and resolution, we will be able to combat this stern timeand get back to normality. Our well-revised reports will help companies toreceive in-depth information about the present scenario of every market so thatyou can adopt the necessary strategies accordingly.
The report on the resilient flooring marketincorporates:
- All-Inclusive description of the market
- Valuable data about prominent players
- Insight into the market dynamic
- Recent industry developments
- coronavirus Impact
- Leading regions in the market
Market Driver
Introduction of Sustainable FlooringSolutions by Eminent Players to Aid Expansion
The rising government initiatives forsustainable flooring solutions are expected to have a tremendous impact on theglobal market in the forthcoming years. The launch of innovative green flooringsolutions for customers will create lucrative opportunities for the market. Forinstance, in March 2020, Interface Inc. a major leader in commercial flooring,carpet tiles, and resilient flooring announced the launch of a new Luxury VinylTile (LVT) under the brand ‘Brushed Line.’ The company claims that theseproducts are made from 39% pre-consumer recycled material.
Moreover, companies such as Level Set,Studio Set, Steady Stride, and Criterion are also emphasizing onrecycled-materials to produce green products for the market, in turn promptingcompetition with other players. Also, the growing consumer demand for green andsustainable products will encourage the healthy growth of the market forresilient flooring in the foreseeable future.
List of the Leading Companies Profiledin the Global Resilient Flooring Market are:
- 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)
Browse Detailed Summary of thisResearch Report:
https://www.fortunebusinessinsights.com/resilient-flooring-market-102945
Halt on Construction Projects toConstraint Growth During Coronavirus
The lockdown imposed by governments hasdisrupted the construction industry. This has led to the unavailability ofworkers to carry on construction projects. Moreover, the restriction ontransportation has consequently affected the movement of raw materials, in turnimpacting the market. As per the U.S. Chamber Study, around 87% contractorsreported delays in their construction work amid the COVID-19 pandemic in theU.S. Nevertheless, new government guidelines to resume construction work andother activities will elevate market possibilities in COVID-19
Regional Analysis
The resilient flooring industry inAsia Pacific is expected to dominate the global market during the forecastperiod. The growth in the region is attributed to industrialization andurbanization in developing nations. The increasing infrastructural developmentsin China, India, Vietnam is expected to spur demand for vinyl floorings,therefore aiding expansion. The surging private investment in retail, housing,commercial, and hospitality sectors will stimulate growth in the region.China’s commercial application accounted for 56.3% in 2019. The demand for newoffice space in the commercial sector of India will have a tremendous impact onthe market in Asia Pacific. According to the India Brand Equity Foundation, thereal estate sector in India is projected to reach a value of US$ 1 trillion by2030.
Key Industry Development
January 17, 2019: Gerflor Group launched a new collection of LuxuryVinyl Tile & Planks named Creation 55 & Creation 30. These productshave various installation methods such as interlocking, looselay, glue down,and others.
Key Question Answered:
- Business Opportunities
- Commerce Challenges
- Demand Insights
- CAGR Values
- Historic Analysis
- Detailed Segmentation
- Top Companies Data
- Market Size
- Supply Trend
- Target Audience
- Key Geographies
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Trends
- Key Insights
- Key Insights – For Major Countries
- Latest Technological Developments
- Key Developments
- Regulatory Standards
- PEST Analysis
- PORTER’s Analysis
- COVID-19 Impact Analysis
- Supply Chain Challenges
- Steps Taken by Government/Companies to combat COVID-19
- Potential Opportunities due to COVID-19 Outbreak
TOC Continued with Major Chapters,Tables, and Figures…!
About Us:
Fortune Business Insights™ offers expert corporate analysis and accuratedata, helping organizations of all sizes make timely decisions. We tailorinnovative solutions for our clients, assisting them to address challengesdistinct to their businesses. Our goal is to empower our clients with holisticmarket intelligence, giving a granular overview of the market they areoperating in.
Our reports contain a unique mix oftangible insights and qualitative analysis to help companies achievesustainable growth. Our team of experienced analysts and consultants useindustry-leading research tools and techniques to compile comprehensive marketstudies, interspersed with relevant data.
At Fortune Business Insights™, we aimat highlighting the most lucrative growth opportunities for our clients. We,therefore, offer recommendations, making it easier for them to navigate throughtechnological and market-related changes. Our consulting services are designedto help organizations identify hidden opportunities and understand prevailingcompetitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Read Press Release:
https://www.fortunebusinessinsights.com/press-release/global-resilient-flooring-market-10214
