Radiant insight Published “Resilient Flooring Market Analysis And Segment Forecasts To 2024”
Description
The global resilient flooring
market is expected to reach USD
9.96 billion by 2024, according to a new report by Grand View Research, Inc.
Rising demand for resilient flooring in light of increasing government spending
on infrastructural development is expected to spur industry size. Furthermore,
excellent insulation properties of the product will propel market growth over
the forecast period. Increasing consumption of linoleum as it is eco-friendly
and offers high longevity and durability will promote industry growth.
Commercial applications were a prominent
segment and accounted for over 30.0% of the overall volume in 2015. It will
witness significant gains in light of the expansion of workspaces and
ultramodern offices, rapid urbanization coupled with high living standard.
Moreover, growing consumption of luxury vinyl tiles (LVT) in corporate sector
applications including cafeterias, corridor, back office, and break rooms will
augment industry growth.
The luxury vinyl tiles (LVT) is expected to
witness significant volume rise at a CAGR of 6.0% from 2016 to 2024 owing to
its low installation cost as compared to vinyl composite tiles (VCT).
Furthermore, increasing acceptability as durable and aesthetic materials will fuel
product demand over the forecast period.
Further key findings from the report suggest:
The global resilient flooring market demand
was 1,046.1 million square meters in 2015 and is expected to show high gains in
light of growing housing sector in the U.S., India, and China.
North America accounted for 27.6% of the
global revenue share in 2015. The region will witness significant gains on
account of high penetration of building and non-building structures for
residential and commercial applications in the U.S. Furthermore, increasing the
prevalence of supermarkets and retail spaces in Mexico is expected to open new
industry avenues over the next eight years.
Latin America will show significant revenue
growth at a CAGR of 7.0% from 2016 to 2024 as a result of increasing number of
commercial spaces by companies operating in automotive, chemical and personal
care sectors. Furthermore, new investments in the housing industry, commercial
areas, and transport facilities will fuel product demand over the forecast
period.
Resilient flooring industry is dominated by
key participants including Tarkett, Mohawk Industries, Shaw Floors, Armstrong
World Industries, and Mannington Mills, Inc. accounting for over 60.0% of the
overall share. Ongoing product development by various companies to manufacture
high-performance floorings is expected to propel product consumption over the
next eight years.
In April 2016, IVC (now under Mohawk
Industries) announced plans to invest approximately USD 100 million in its
Dalton plant to increase the manufacturing capacity to cater to the growing
demand. In June 2016, Mannington introduced Teles, a high resiliency rubber
flooring that has an indentation resistance of 1500 psi, which is double the
industry standard
Table of Contents
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Resilient Flooring Industry Outlook
3.1 Resilient flooring market segmentation
3.2 Resilient flooring market size and
growth prospects, 2013 - 2024
3.3 Resilient flooring market value chain
analysis
3.3.1 Vendor landscape
3.4 Regulatory framework
3.4.1 U.S. & Canada
3.4.2 Europe
3.4.3 Japan
3.4.4 Australia
3.4.5 India
3.5 Technology overview
3.6 Raw material outlook
3.6.1 Linoleum
3.6.2 Polyvinyl Chloride (PVC)
3.7 Resilient flooring market dynamics
About Us
Radiant Insights is a platform for
companies looking to meet their market research and business intelligence
requirements. We assist and facilitate organizations and individuals procure
market research reports, helping them in the decision making process. We have a
comprehensive collection of reports, covering over 40 key industries and a host
of micro markets. In addition to over extensive database of reports, our
experienced research coordinators also offer a host of ancillary services such
as, research partnerships/ tie-ups and customized research solutions.
Contact Us
Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
No comments:
Post a Comment