With Market Size Valued at $53.8 Billion by 2026, it`s a Healthy Outlook for the Global Resilient Flooring Market
Sep 24, 2021, 10:10 ET
SAN FRANCISCO, Sept. 24, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Resilient Flooring - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 981
Companies: 48 - Players covered include AFI Licensing LLC.; Alite Floor; American Biltrite Inc.; Amtico International; Congoleum Corporation; Forbo Flooring India Private Limited; Gerflor SAS; IVC-Group; Mannington Mills, Inc.; Milliken & Company; Mohawk Industries, Inc.; Novalis Innovative Flooring; PERGO; Polyflor Ltd; Shaw Industries Group, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Product Type (Luxury Vinyl Tiles, Vinyl Sheet & Floor Tile, Rubber, Other Product Types); Application (Non-Residential, Residential)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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Global Resilient Flooring Market to Reach $53.8 Billion by 2026
Amid the COVID-19 crisis, the global market for Resilient Flooring estimated at US$38.1 Billion in the year 2020, is projected to reach a revised size of US$53.8 Billion by 2026, growing at a CAGR of 5.7% over the analysis period. Luxury Vinyl Tiles, one of the segments analyzed in the report, is projected to record a 5.6% CAGR and reach US$27.6 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vinyl Sheet & Floor Tile segment is readjusted to a revised 5.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $11 Billion in 2021, While China is Forecast to Reach $11 Billion by 2026
The Resilient Flooring market in the U.S. is estimated at US$11 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$11 Billion by the year 2026 trailing a CAGR of 8.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.6% CAGR.
Rubber Segment to Reach US$5.6 Billion by the year 2026
In the global Rubber segment, USA, Canada, Japan, China and Europe will drive the 5.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.9 Billion in the year 2020 will reach a projected size of US$4.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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