Dallas, TX -- (SBWire) -- 04/01/2019 --The global resilient flooring market is projected to surpass USD $7 billion by 2025 due to the huge demand for superior flooring materials in the construction sector. Increasing investments in the construction sector across the globe along with growing consumer attention towards interior decoration are some of the key prospects for market growth.
With the rise in disposable income, growing consumer awareness about luxurious lifestyle and rapid adoption of the modern culture, new investments in the housing sector have seen a rapid growth. Consumers assume that an appropriately decorated home is a status symbol due to which they have started using flooring solutions such as vinyl flooring in order to uplift their social image.
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Key segments of the global resilient flooring market
Product Overview, 2015-2025 (Million Square Feet) (USD Million): Luxury Vinyl Tiles, Vinyl Composite Tiles, Vinyl sheets, Fiberglass sheets, Linoleum, and Others
Application Overview, 2015-2025 (Million Square Feet) (USD Million): Residential, Commercial and
Industrial
In 2017, vinyl composite tiles (VCTs) accounted for approximately 41.5% of the global resilient flooring market share, in terms of revenue. Vinyl is of the most popular flooring materials owing to its versatile flooring options and unique designs. Vinyl sheets are expected to witness demand in the residential sector owing to its moderate cost and wide adoption in multifamily housing complexes and manufactured housing shipments. Vinyl flooring market sales are also growing due to the rebounding commercial construction spending activities as building owners tend to install the product majorly due to its favorable aesthetics and performance properties.
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Residential application segment is expected to dominate the global resilient flooring industry and expected to maintain its lead in the coming years. Renovations in the housing sector demand economical, dense and non-absorbent resilient flooring surface. Resilient tiles enable them to avoid permanent indentations and provide a firm surface with excellent quietness and comfort.
Asia Pacific is projected to be the lead the global resilient flooring industry and maintain its prominence over the forecast period. Rising construction activities, especially in developing economies such as China, India and Malaysia, is expected to bolster the global resilient flooring market size. China, being the world's largest construction market, is witnessing the fastest growth in the region owing to supportive government policies and increasing government spending on construction and infrastructure projects. Additionally, expanding personal income allows consumers to procure higher-end floor coverings that were previously unaffordable, thus, driving the global resilient flooring market size.
The global resilient flooring market is witnessing fierce competition owing to the presence of large conglomerates. Companies such as Mohawk Industries, Shaw Floors, Armstrong World Industries, Pergo, Mannington Mills, Inc. and Polyflor are some of the leading players in the global resilient flooring market.
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Few points from Table of Contents
1. Executive Summary
2. Research Methodology
Research approach
Scope, definition, and assumptions
Data sources
3. Market Outlook
Introduction
Key trends
Market Drivers
Market Restraints
Market Opportunities
Porter's Five Forces' analysis
PESTEL analysis
Value Chain Analysis
4. Market Overview, By Product
Global resilient flooring market share, by product, 2017 & 2025
Luxury Vinyl Tiles
Market size and projections, 2015-2025
Vinyl Composite Tiles
Market size and projections, 2015– 2025
Vinyl sheets
Market size and projections, 2015– 2025
Fiberglass sheets
Market size and projections, 2015– 2025
Linoleum
Market size and projections, 2015– 2025
Others
Market size and projections, 2015– 2025
Continued…
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