Aug 3, 2020
Resilient Flooring Market Research Report, Information: by Product (Luxury Vinyl Tiles, Vinyl Composite Tiles, Vinyl Sheets), by Application (Residential, Commercial, Industrial), and by Region (North America, Europe, APAC, RoW) Global Industry Forecast till 2024.
Pune, India - August 4, 2020 /MarketersMedia/ —
Market Research Future (MRFR) in latest study on the global resilient flooring market 2020 discussed multiple influencing factors in the report. The impact of COVID 19 on the resilient flooring market is offered along with the report. The resilient flooring market is anticipated to witness tremendous growth in the review period due to the rise in the demand for green building materials for the construction of residential buildings. The surge in tourism and hospitality sectors and increase in the number of residential and commercial buildings can cause the resilient flooring market to rise at 4.3% CAGR in the review period 2019–2024.
In addition, the introduction of new resilient flooring solutions by top notch producers and their offer for a wide range of flooring products fabricated of lightweight and recycled raw materials can benefit the resilient flooring market in the years to come. Development of different floor covering solutions and changing construction solutions trends, often associated with floor design due to industrial development can impel the expansion of the resilient flooring market in the years to come. High expenditure by government on infrastructure developments is also likely to drive the rise of the market in years ahead. On the contrary, volatile raw material expenses can hinder the expansion of the global market.
Get a FREE Sample with Complete TOC on Global Market @
Global Resilient Flooring Market: Segmentation
The segment evaluation of the global resilient flooring market is done by product and application.
The product based segments of the resilient flooring market are vinyl composite tiles (VCT), luxury vinyl tiles (LVT), linoleum, and vinyl sheets among others. The luxury vinyl tiles segment is expected to emerge as the largest segment by 2023 due to the growing awareness about beneficial features of resilient flooring, such as scratch & scuff resistance, water resistance, and easy maintenance. Luxury vinyl is the most popular choice by manufacturers, which can favor the market.
The application based segments of the resilient flooring market are industrial, residential, and commercial. The residential application segment can acquire the largest share by 2024. The expansion of population base across emerging economies, such as India and Brazil is driving the need for residential buildings, which, in turn, can promote the resilient flooring market in the years to come.
Global Resilient Flooring Market: Regional Analysis
Trends of the resilient flooring market are studied across North America, EU, APAC, and RoW. Asia Pacific resilient flooring market is accounted for the highest share of the global market. The resilient flooring market in Europe and North America can surge exponentially in the years to come. In Asia Pacific region, the resilient flooring market value can experience surge due to robust expansion of the construction industry in emerging economies. The rise in the demand for resilient flooring can support the expansion of the market in the years to come.
In APAC, drastic development across the infrastructure sector due to urbanization and need for IT parks and related industrial areas, plus rise in the number of regional housing projects can impel the expansion of the market in the years to come. The cost-effectiveness of Vinyl Composite Tiles (VCTs) and the rise in their adoption due to excellent durability and high abrasion and resistance, mostly for commercial application can support the expansion of the market.
Shaw Floors (US), IVC Group (Belgium), Mohawk Industries (US), Mannington Mills, Inc. (US), NOX Corporation, Novalis (US), Nora (Germany), Milliken & Company (US), Amtico International Limited (UK), and Unilin (Belgium) among others are some reputed names in the resilient flooring market as listed by MRFR.
Obtain Premium Research Report Details @
Table Of Contents
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.2 Research Objective
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Threat Of Substitutes
3.1.4 Segment Rivalry
3.1.5 Bargaining Power Of Buyers
3.2 Value Chain/Supply Chain Analysis
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
Global Polycarbonate Panels Market Research Report by Type (Solid Panels, Multiwall Panels and Corrugated Panels), Application (Building and Construction, Electrical and Electronics, Automotive and Others), Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2024
Global Roofing Tiles Market Research Report: Information by Type (Clay, Concrete, Metal and others), Application (Residential, Commercial, Infrastructural, Industrial) and Region (North America, Europe, Asia-Pacific, South America and Middle East & Africa) - Forecast till 2025
Global Eco-friendly Tiles Market Information Report, By Type (Porcelain, Ceramic, Terrazzo, and Others), By Product (Floor Tiles, Wall Tiles and others) and By End-user (Residential and Non-residential) and By Region - Forecast to 2023
Name: Akash Anand
Email: Send Email
Organization: market research future
Address: Market Research Future, Office No. 528, Amanora Chambers, Magarpatta Road, Hadapsar, Pune - 411028, Maharashtra, India, +1 646 845 9312
Phone: +1 646 845 9312
Release ID: 88971289
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.