The resilient flooring market will grow at a rate of 5.20% for the forecast period of 2021 to 2028. Resilient flooring market report analyses the growth, which is currently being growing due to increasing construction activities.
Resilient flooring or vinyl flooring is the type of floor which is made from material which are elastic in nature. They are usually made from material like rubber, PVC, linoleum among others and usually have high strength and durability. Vinyl type, Luxury vinyl type and residential sheet vinyl among others are some of the common type of the resilient flooring and these flooring usually lie between soft floors like carpet and hard floors like stone.
Market Analysis and Insights : Global Resilient Flooring Market
Increase in the government investment in infrastructure development is a vital factor responsible for the upliftment of the market growth, also rise in the demand for inclusive flooring in commercial residences, affordable price of these resilient flooring, rise in the drastic development in the infrastructure sector and rise in the rapid urbanization along with the growing construction sector in India, China, and other developing countries are some of the prime factors among others driving the resilient flooring market. Moreover, increase in the technological advancements and modernization in the machinery used and rise in the research and development activities in the market will further create new opportunities for resilient flooring market the in the forecast period mentioned above.
However, high risk of cut due to small pressure points like table legs, increase in the presence of toxic chemicals like phthalates, high sensitivity towards hot items and fluctuation in the cost of raw material are the major factors among others which will obstruct the market growth, and will further challenge the growth of resilient flooring market in the forecast period mentioned above.
Resilient Flooring Market Scope and Market Size
The countries covered in the resilient flooring market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the resilient flooring market due to growing construction industry, growing economic prominence of China, India, and other countries due to the presence of a large consumer base, cheap labor, and high level of resources in this region. North America and Europe are the expected regions in terms of growth in resilient flooring market due to developed construction industries and rapid infrastructural and industrial development along with supporting macro-economic factors in this region.
The country section of the resilient flooring market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Resilient Flooring Market Share Analysis
Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to resilient flooring market.
The major players covered in the resilient flooring market report are
- Mannington Mills, Inc,
- Polyflor Ltd,
- Shaw Industries Group, Inc,
- Novalis Innovative Flooring, Milliken & Company.,
- Amtico International,
- Congoleum Corporation,
- American Biltrite Inc.,
- GERFLOR SAS,
- Forbo Flooring India Private Limited,
- Shaw Industries Group, Inc.,
- Alite Floor,
- MOHAWK INDUSTRIES, INC. and AFI Licensing LLC. among other domestic and global players.
- Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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