Archives for April 2022

Global Resilient Flooring Market Report Reveals LVT in Top Spot

A recent resilient flooring market report reveals luxury vinyl tile (LVT) accounted for more than 38% share of global revenue in 2020.

The global resilient flooring market size was estimated at USD 38.7 billion in 2020 and is expected to expand at a compounded annual growth rate (CAGR) of 7.2% from 2021 to 2028, according to San Francisco, CA-based, Grand View Research.

global resilient flooring market

Key Factors Driving the Resilient Market

The key factors driving the resilient flooring market include increased construction in residential and commercial segments, combined with the growing need for long lasting, durable flooring.

Increased activity in the construction sector along with demand for building improvements is also anticipated to increase demand for resilient flooring over the forecast period. Resilient products are highly sought after due to their long-term wear, low environmental impact, and ease of maintenance.

The development of environmentally-friendly solutions will also fuel industry growth, along with technological advances such as waterproof finishes (wood plastic composite).

The segment that dominated the largest market share in 2020 was vinyl sheet and floor tile products at 42.0%, due to commercial-wide application.

The Impact of COVID-19 on the Global Market

The report further states the COVID-19 pandemic significantly impacted worldwide supply as economies across the globe either delayed or suspended construction projects.  However, as global trade restrictions ease and lockdowns lift, this year is expected to be the recovery year that leads to future growth.

The market in the U.S. is expected to grow due to the commercial availability of resilient products and rapid advances in installation techniques, coupled with the rising demand for sustainable and environmental materials. Innovation in construction based resilient applications are anticipated to impact the market favourably.

The report further states, that the high initial investment for flooring facility is anticipated to pose barrier for new company entrants. This compounded with the volatility in the price of raw materials, including polyvinyl chloride (PVC), due to the instability in crude oil prices, is expected to negatively influence industry growth.

Product Insights Related to the Global Resilient Flooring Market

LVT popularity is increasing due to advancements in design and technology. New sizes, formats, and patterns, combined with the fact that it is easy to install and less costly to maintain over time, makes it appealing to a variety of industry verticals and residential applications.

“We have definitely seen and can corroborate this trend at Darwin Fisher,” says Doug McDonald, President of Darwin Fisher Commercial Flooring. “LVT is by far our biggest market. Every job is demanding LVT. We are still installing carpet tile also, but that application has not grown like LVT.”

In a recent article we featured additional research and market trends as to why LVT popularity and market share continues to grow. See LVT.

“The main thing we’ve noticed is that this increase isn’t restricted to one sector,” explains McDonald. “It’s everywhere – corporate offices, industrial buildings, student residences and so forth. It’s not one sector and is being used in a lot of different applications with varying qualities.”

The vinyl sheet and floor tile segment are also projected to significantly grow over the forecast period due to the advancement in water-resistant technology. Moreover, low maintenance costs and the long lifespan of the products are likely to increase the popularity of the products in residential end-use like laundry rooms, bathrooms, kitchens, and moisture-prone areas.

The report states that in comparison to vinyl solutions, linoleum products have better longevity and durability. These flooring applications and products are manufactured using jute resin, flax plant, limestone, and wood flour that makes them 100% biodegradable. The increasing importance of waste management and recycling in developed economies including the U.S., U.K., and Germany, is anticipated to increase demand for biodegradable flooring materials.

Rubber used in commercial resilient flooring spaces is popular for its slip-resistant properties which make it suitable for high traffic areas. There are also natural and synthetic rubber floor tiles that are used in health clubs and other high-impact areas.

Application Insights Related to the Resilient Flooring Market

When looking at the breakdown between residential and non-residential segments, as seen in the chart below, Grand View Research reports non-residential accounted for more than 64.2% of the global revenue share in 2020. Contributing factors to this market segment growth include ease of maintenance, sterilization, and slip and water resistance properties.

LVT installation global resilient flooring market

A growing population coupled with a rise in demand for single-family and multi-family residential spaces in major economies such as India, China, South Africa, Turkey, and Middle Eastern economies are projected to increase demand. Grand View attributes this growth to rising disposable income and availability of home loans.

Regional Insights Related to the Resilient Flooring Market

North America dominated the market and accounted for over 33.0% share of global revenue in 2020. This was largely due to rising demand for residential applications, an extensively developed manufacturing industry, and government initiatives to develop social infrastructure across the region.

In Asia Pacific, China dominated the market owing to rising construction projects, higher adoption of LVT, vinyl sheets & floor tiles, and rubber flooring, in residential as well as non-residential construction projects. According to the National Bureau of Statistics, in Q3 2020, the construction industry grew by 2% in China, following year over year declines of 1.9% in Q2 and 17.5% in Q1 2020.

The growth of the market in Central and South America is attributed to growth in emerging economies including Brazil, Argentina, Chile, and Peru. Rising consumer awareness regarding the benefits of appropriate flooring and the presence of key manufacturers such as Mannington Mills, Inc., Armstrong Flooring, Inc., and Milliken is projected to have a major impact also.

Key Companies & Market Share Insights Related to the Global Resilient Flooring Market

Some of the leading players are continually developing new products which are aesthetically pleasing and offer technological application advances which increase performance and long-term wear. These players also work with with emerging entrants to develop low-cost products to gain competitive advantage.

Tarkett S.A. and Mohawk Industries, Inc. are identified as the front leaders with a large number of subsidiaries operating around the world. Tarkett S.A, based in Europe, caters to a wide range of flooring products, including resilient and non-resilient, globally. Mohawk, based in North America, has with numerous subsidiaries including IVC Group, Unilin, Pergo, etc., which account for a significant share of the global market. The leading players according to Grand View, include:

Global Resilient Flooring Market Report Scope


LVT flooring

For  more information regarding Grand View Research’s methodology please click here.

To see related articles regarding commercial flooring trends please click here.

For more information about flooring installation solutions please contact us here.