Resilient Flooring Market Report by Technology, Industry Share and Size Expansion to 2027 | Fortune Business Insights™
Resilient Flooring Market will exhibit a CAGR of 9.3% during the forecast period and reach 58.11 billion by 2027, and the Market value as per 2019 was USD 29.62 billion.
Fortune Business Insights, in a report, titled “Resilient Flooring Market Size, Share & Industry Analysis, By Product Type (Luxury Vinyl Tile, Vinyl Sheet & Floor Tile, Rubber, Linoleum, and Others), By Application (Residential, Commercial and Others), and Regional Forecast, 2020-2027.”
Resilient Flooring Market Drivers and Restraint:
Introduction of Sustainable Flooring Solutions by Eminent Players to Aid Expansion
The rising government initiatives for sustainable flooring solutions are expected to have a tremendous impact on the global market in the forthcoming years. The launch of innovative green flooring solutions for customers will create lucrative opportunities for the market. For instance, in March 2020, Inteface Inc. a major leader in commercial flooring, carpet tiles, and resilient flooring announced the launch of a new Luxury Vinyl Tile (LVT) under the brand ‘Brushed Line.’ The company claims that these products are made from 39% pre-consumer recycled material. Moreover, companies such as Level Set, Studio Set, Steady Stride, and Criterion are also emphasizing on recycled-materials to produce green products for the market, in turn prompting competition with other players. Also, the growing consumer demand for green and sustainable products will encourage the healthy growth of the market in the foreseeable future.
Halt on Construction Projects to Constraint Growth During Coronavirus
The lockdown imposed by governments has disrupted the construction industry. This has led to the unavailability of workers to carry on construction projects. Moreover, the restriction on transportation has consequently affected the movement of raw materials, in turn impacting the market. As per the U.S. Chamber Study, around 87% contractors reported delays in their construction work amid COVID-19 pandemic in the U.S. Nevertheless, new government guidelines to resume construction work and other activities will elevate market possibilities in COVID-19
List of Key Players Covered in the Resilient Flooring Market Report:
• Mohawk Industries (USA)
• Tarkett S.A. (France)
• Shaw Industries Group Inc. (USA)
• Armstrong World Industries Inc. (USA)
• Mannington Mills, Inc. (USA)
• Forbo Flooring (The Netherlands)
• LG HAUSYS (South Korea)
• Gerflor Group (Germany)
• Interface Inc. (USA)
• Beaulieu International Group (Belgium)
• Novalis Innovative Flooring (China)
• Polyflor Ltd. (UK)
• Congoleum (USA)
• NOX Corporation (South Korea)
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/resilient-flooring-market-102945
Some of the key industry developments in the Resilient Flooring Market Include:
January 17, 2019: Gerflor Group launched a new collection of Luxury Vinyl Tile & Planks named Creation 55 & Creation 30. These products have various installation methods such as interlocking, looselay, glue down and others.
Fortune Business Insights, in a report, titled “Resilient Flooring Market Size, Share & Industry Analysis, By Product Type (Luxury Vinyl Tile, Vinyl Sheet & Floor Tile, Rubber, Linoleum, and Others), By Application (Residential, Commercial and Others), and Regional Forecast, 2020-2027.”
Resilient Flooring Market Drivers and Restraint:
Introduction of Sustainable Flooring Solutions by Eminent Players to Aid Expansion
The rising government initiatives for sustainable flooring solutions are expected to have a tremendous impact on the global market in the forthcoming years. The launch of innovative green flooring solutions for customers will create lucrative opportunities for the market. For instance, in March 2020, Inteface Inc. a major leader in commercial flooring, carpet tiles, and resilient flooring announced the launch of a new Luxury Vinyl Tile (LVT) under the brand ‘Brushed Line.’ The company claims that these products are made from 39% pre-consumer recycled material. Moreover, companies such as Level Set, Studio Set, Steady Stride, and Criterion are also emphasizing on recycled-materials to produce green products for the market, in turn prompting competition with other players. Also, the growing consumer demand for green and sustainable products will encourage the healthy growth of the market in the foreseeable future.
Halt on Construction Projects to Constraint Growth During Coronavirus
The lockdown imposed by governments has disrupted the construction industry. This has led to the unavailability of workers to carry on construction projects. Moreover, the restriction on transportation has consequently affected the movement of raw materials, in turn impacting the market. As per the U.S. Chamber Study, around 87% contractors reported delays in their construction work amid COVID-19 pandemic in the U.S. Nevertheless, new government guidelines to resume construction work and other activities will elevate market possibilities in COVID-19
List of Key Players Covered in the Resilient Flooring Market Report:
• Mohawk Industries (USA)
• Tarkett S.A. (France)
• Shaw Industries Group Inc. (USA)
• Armstrong World Industries Inc. (USA)
• Mannington Mills, Inc. (USA)
• Forbo Flooring (The Netherlands)
• LG HAUSYS (South Korea)
• Gerflor Group (Germany)
• Interface Inc. (USA)
• Beaulieu International Group (Belgium)
• Novalis Innovative Flooring (China)
• Polyflor Ltd. (UK)
• Congoleum (USA)
• NOX Corporation (South Korea)
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/resilient-flooring-market-102945
Some of the key industry developments in the Resilient Flooring Market Include:
January 17, 2019: Gerflor Group launched a new collection of Luxury Vinyl Tile & Planks named Creation 55 & Creation 30. These products have various installation methods such as interlocking, looselay, glue down and others.
Comments
Post a Comment