The global Non-resilient Flooring market is forecasted to reach USD 330.47 Billion by 2027, according to a new report by Reports and Data. A non-resilient floor is durable, and non-elastic, water-resistant. Similar to durable flooring, a non-resilient floor is costly but is much cheaper and easier to maintain. There is also a range of textures, colors, and patterns that remain a widely requested market choice for residential and commercial buildings. Most facilities are using non-resilient flooring, as its efficiency, beauty, and value remain constant. Costs of raw materials have affected the industry significantly.
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Owing to the various developments in digital printing technology, the constant production of creative and flexible flooring products is driving the growth of the global non-resilient flooring industry. Growth in the construction sector and growing urbanization are also some of the factors driving the growth of worldwide demand. However, fluctuations in prices of raw materials with reduced margins can increase the prices of ceramic products, and this can impede the growth of the industry.
Continuous production for the manufacture of flexible and innovative flooring products is expected to have a positive impact on the overall growth of the industry due to the developments in digital printing technologies. Variation of the product in terms of design and sizes provided by the manufacturers is expected to have a positive market effect.
Improving nations across the globe have concentrated on growing investment in the construction industry as well as improving infrastructure, thereby increasing the potential for the flooring market. The dramatic market growth in the Asia-Pacific region is affected by rapid urbanization and industrialization.
Further key findings from the report suggest
- In North America, the residential segment accounted for 56.7% of the revenue share in 2019 and is anticipated to grow from USD 29.55 billion in 2019 to USD 40.62 billion. This can be due to their growing use in the region’s residential settings.
- Developing the nation’s government has promoted and invested in infrastructural development and creative I.T construction, SEZs, parks, and more. This has culminated in the commercial flooring being upgraded to 4.3% CAGR and it is increasing further with an emphasis on urbanization and industrialization.
- The ceramic tiles segment due to various advantages is expected to increase in the following years. Ceramic tiles with a variety of prints and designs are available in a wide selection. Such tiles can be used as wall tiles, floor coverings, and longer life; they often need limited maintenance.
- The rising need for eco-friendly products is intended to generate new opportunities for industry growth because of increasing health and environmental issues about many flooring solutions. Technological developments such as the growing use of VR technology to create finished goods are expected to see strong growth over the projected timeframe.
Top players profiled in the report include:
Ceramic Saloni, China Ceramics, Crossville Inc., Dal Tiles, Kajaria Ceramics, Mannington Mills Inc., Mohawk Industries Inc., Shaw Industries Inc., Porcelanosa Group, and RAK Ceramic among others.
Product Outlook (Revenue, USD Billion; 2017-2027)
- Ceramic Tiles
- Stones
Application Outlook (Revenue, USD Billion; 2017-2027)
- Residential
- Commercial
- Industrial
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Geographic Segment Covered in the Report:
The Non-Resilient Flooring report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
Summary of the Non-Resilient Flooring Market Research Report:
- Insightful information regarding the global Non-Resilient Flooring market
- Strategic recommendations for the investment opportunities
- The report covers significant statistics related to the industry along with products, applications, price analysis, demand & supply, and production and consumptions rate
- Emerging trends and current market segment analysis to help investors formulate new business strategies
- Thorough SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and investment return analysis
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