With the emergence and long-term Impact of COVID-19, Global Resilient Floor Covering Market to reach USD XXX Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Resilient Floor Covering Market points towards a potential rise to USD XXX Million by 2030. Resilient flooring, also known as vinyl flooring, is a type of floor crafted from elastic materials such as rubber, PVC, and linoleum, known for their remarkable flexibility and durability. Common variations include Vinyl, Luxury Vinyl, and Residential Sheet Vinyl. Positioned between soft flooring options such as carpet and hard surfaces such as stone, resilient floor covering is renowned for its strength and lasting durability.
The resilient floor covering market growth is driven by Growing Residential Usage, Product innovation and personalization. The residential market has wholeheartedly adopted this product owing to its enduring quality, easy installation process, and perceived value derived from its substantial thickness and rigidity. Currently, consumers associate thickness with superior quality, leading to a heightened demand for rigid core products.
Geographically, the global Resilient Floor Covering market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). Asia Pacific (APAC) region is anticipated to dominate with the largest share in the Global Resilient Flooring Market. This dominance is fueled by substantial investments in the region’s infrastructure sector supported by national governments, serving as a pivotal driver for regional market expansion. The construction industry in the region is poised to reap benefits from a substantial customer base, cost-effective labor, and significant capital, facilitated by the expanding economic influence of countries such as China and India.
The global Resilient Floor Covering market is highly competitive owing to the presence of several key players such as Novamont S.p.A, Innovia Films, LtdNatureWorks, LLC, Braskem S.A, Ltd., Mondi Group, Taghleef Industries Inc., Clondalkin Group Holdings BV, Sonoco Products Company, Berry Plastics Group Inc., and others.
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Key findings of the study suggest:
- Global Resilient Floor Covering Market is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030.
- In the Product segment, Vinyl Resilient Flooring emerged out as the leading market segment in 2022.
- Asia Pacific is anticipated to drive regional growth owing to the substantial investments in the region’s infrastructure sector supported by national governments, serving as a pivotal driver for regional market expansion.
- North America is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Product:
- Vinyl Resilient Flooring
- Linoleum Resilient Flooring
- Fiberglass Resilient Flooring
- Cork Resilient Flooring
- Rubber Resilient Flooring
By Distribution Channel:
- Contractors
- Specialty Stores
- Home Centers
- Others
By End-user:
- Residential Replacement
- Commercial
- Builder
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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