Demand for Resilient Flooring Expected to Reach $10B by 2026
September 16, 2021
The compound annual growth rate (CAGR) of the global resilient flooring market is forecast at 5.6%, reaching US$10 billion by 2026, according to Fact.MR, a market research and consulting firm. Long-term projections for the market appear even more lucrative, with an expected CAGR of over 7% from 2021-2031, and an expected valuation of over $14 billion.
Nonresidential end-users sales are expected to account for over 66% of the market share. Other takeaways from the study include:
- Over 40% revenue is projected to be acquired by Europe by the end of 2026
- The U.S will capture over two-fifths of the global demand for resilient flooring through 2031
- Vinyl flooring sales are expecting to exceed 1.2 billion square meters within the next five years
- Sales of resilient flooring for use in renovation activities are expected to exceed 1.5 billion square meters by 2026
- Asia will emerge as an opportunistic market, registering over 2 out of 5 sales.
Learn some tips for maintaining a popular resilient flooring—luxury vinyl tile (LVT)—in your facility.
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