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Resilient flooring Market

Resilient flooring Market Size by Material Type (Vinyl Resilient Flooring, Linoleum Resilient Flooring, Cork Resilient Flooring, Rubber Resilient Flooring, Fiberglass Resilient Flooring), Construction activity (Resilient Flooring for Renovation, Resilient Flooring for New Construction), End-User, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-12605
  • Published Date: Aug, 2024
  • Pages: 234
  • Category: Chemicals & Materials
  • Format: PDF
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Global resilient flooring market is anticipated to reach USD 79.76 billion by 2033, at a CAGR of 6.9% from 2024 to 2033. The rising number of renovation, reconstruction, and new construction activities across the globe is boosting the growth of the market.

Market Overview:

Resilient flooring is the floors that are made from different materials such as rubber, fibreglass, vinyl, cork, Linoleum, etc. These materials have some elastic characteristics, which offer the floor degree of bounce or resilience. The resilient flooring is generally available in the forms such as sheets, planks, or tiles. The resilient flooring industry has been evolved over the years, and new types of flooring also introduced in the market, such as luxury vinyl tiles. These types of flooring are considered as a most durable type of flooring, and it is suitable for both residential and commercial spaces. Resilient floorings are available in a wide variety of types and designs in the market. Their high-quality nature makes them ideal for different types of applications, and these floorings are primarily suitable for high-traffic areas.

Some of the benefits of resilient flooring are durability, comfort, noise reduction, and slip resistance. The resilient flooring can be used in any industry and area. Their elastic properties made them suitable for places where people have to stand for a longer time. Some of the applications where resilient flooring is especially recommended are retail environments such as malls, cosmetic counter areas, and shops, healthcare such as operating rooms, corridors, hospital rooms, etc., education buildings, public areas, museums, libraries, outdoor restaurants, lobbies, rooftop bars, etc.

Resilient flooring Market Size

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Market Dynamics:

Drivers
  • Growing applications of resilient flooring at commercial places

Resilient flooring has been the perfect choice for heavy traffic areas such as hospitals' common areas, outdoor restaurants, malls, etc. Availability of a large variety of designs and forms, resilient flooring is the most versatile flooring product on the market today. Increasing renovation projects at commercial spaces across the globe are driving the demand for resilient flooring.

  • Increasing demand for luxury vinyl  resilient flooring

The luxury vinyl resilient flooring gives the homeowners value of upscale flooring at a budget-friendly price. It is the perfects choice for the rooms with heavy food traffic, such as the dining room, kitchen, staircases, etc. The luxury vinyl resilient flooring is also scratch-resistant, thus suitable for busy families with kids and pets. Furthermore, one of the biggest advantages of luxury vinyl resilient flooring is its easy maintenance.  This flooring is well suitable for DIY projects. Rising DIY projects across the globe are driving the demand for luxury vinyl resilient flooring.

Restraints:
  • VOCs and indoor air quality

Most of the resilient flooring emits volatile organic compounds in the first few years of installations. VOCs can cause a range of allergic reactions and respiratory problems. Exposure to these gases can occur through skin exposure or inhalation. These gases are also harmful to indoor air quality. Therefore, VOCs and indoor air quality affected by resilient flooring could hamper the growth of the market.

Opportunities:
  • Increasing commercial and residential renovations projects

Rising renovation and remodeling projects in both the commercial and residential sectors are anticipated to offer various growth opportunities for the vendors in the market. From hospitals and education buildings to large commercial premises, resilient flooring is becoming the popular choice for renovation projects. Hospitals and other healthcare facilities are renovating their premises to change the clinical vibe by creating the patient and staff areas soothing and inviting. The education sector is also finding resilient flooring a budget-friendly and affordable option.

Challenges:
  • The wide availability of other flooring substitutes

The wide availability of other flooring substitutes for resilient flooring is one of the key factors that may hinder the market's growth over the forecast period. Other types of flooring, such as carpet, laminates, ceramic tiles, stone tiles, etc., are widely available in the market are used for residential and commercial construction projects. High awareness and affordability are some of the factors which boost the growth of non-resilient floors.

Segmentation Analysis:

The global resilient flooring market has been classified based on material type, construction activity, end-user industry, and regions.

  • The material type segment is divided into vinyl resilient flooring, linoleum resilient flooring, cork resilient flooring, rubber resilient flooring, and fiberglass resilient flooring. The vinyl resilient flooring segment led the resilient flooring market with a market share of around 65.01% in 2023. Vinyl resilient flooring is the most popular form of resilient flooring among the customers. This is mainly due to its high durability and ease of installations. The vinyl resilient flooring available in the forms such as tiles, sheets, and planks.
  • The construction activity segment includes resilient flooring for renovation and resilient flooring for new construction. The resilient flooring for renovation segment accounted for the largest market share of 60.21% in 2023. Rising renovation projects at the commercial places such as malls, hospitals, educations building etc. is driving the demand for resilient flooring for renovation purpose.
  • The end-user industry segment is divided into residential resilient flooring and non-residential resilient flooring. The residential resilient flooring segment is anticipated to grow at the highest CAGR of 8.12% over the forecast period. Rising new residential constructions and increasing consumer awareness about the resilient flooring benefits is anticipated to drive the demand for resilient flooring for residential sector.
Regional segmentation analysis:

The regions analysed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia Pacific region emerged as the largest market for the resilient flooring market, with a 40.21% share of the market revenue in 2023.

Asia Pacific Resilient flooring Market Share in 2023 - 40.21%

 

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  • Asia Pacific region is the largest consumer of resilient flooring, owing to the growing construction industry across the region. Rising construction of commercial building to support the infrastructure development in countries such as India and China is boosting the demand for resilient flooring. In addition, rising urbanization and increasing populations have pushed the demand for residential construction in the region, which is further driving the growth of the market.
  • The European regional market is projected to register the highest growth during the forecast period due to the rising trend of DIY among the millennial and young generation. In addition, rising renovations of the various commercial places in the countries such as UK, Germany, and France is driving the growth of the market.
Competitive Analysis:

The key players of the global resilient flooring market are mainly focusing on implementation of strategies such as technology integration, new product launches, mergers & acquisitions, collaborations, joint venture, research and development activities, and partnerships to improve their market position in the global resilient flooring industry.

In April 2021, Tarkett announced that it has formed the distribution partnership with Ohio Valley Flooring. The Ohio Valley Flooring is expected to represent the Tarkett’s flooring portfolio in Ohio, Indiana, Pennsylvania and West Virginia markets.

In June 2021, Armstrong World Industries, Inc. announced the launch of three new luxury vinyl flooring collections, Biome, Terra and Coalesce. All three new products features the patented Diamond 10 technology of the company for scratch and stain performance.

List of Key Market Players:
  • Armstrong World Industries, Inc.
  • Tarkett
  • Congoleum Corporation
  • Mohawk
  • Shaw
  • Beaulieu International Group N.V.
  • Burke Industries Inc.
  • Karndean International Limited
  • Mannington Mills
  • Berkshire Hathaway Inc.
Key Target Audience
  • Construction Companies
  • Contractors
  • Raw Material Suppliers
  • Potential Investors
  • Traders and Distributors

Report Description:

  • Global Resilient flooring Market, Industry Analysis, Trends, Analysis and Forecast, 2024 to 2033 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2023 is considered as the base year of the report. 2020 to 2022 are considered as the historic years and 2024 to 2033 are the forecast years. The global Resilient flooring market is based on revenue (USD Million/Billion), volume (Million Sq. Meters), and price. The report incorporates the market study on the basis of revenue and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global resilient flooring market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of resilient flooringand regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global resilient flooring market. This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global resilient flooring market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development & innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global resilient flooring market is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the resilient flooring market was valued at USD 40.93 billion in 2023 and is anticipated to reach USD 79.76 billion by 2033.

Global resilient flooring market is growing at a CAGR of 6.90% during the forecast period 2024-2033.

The Asia Pacific region emerged as the largest market for the resilient flooring.

The rapid development of construction sector in all over the world is one of the key contributing factor for the growth of market.

The fluctuation in the raw material prices could hamper the growth of the market over the forecast period.

Technological advancement and product innovation in the resilient flooring market are expected to offer the future growth opportunity in the market.

Key players are Beaulieu International Group N.V., Burke Industries Inc., Karndean International Limited, Mannington Mills, and Berkshire Hathaway Inc. among others.

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  • Segmentation on the basis of any specific country or region
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  • Application segment can be further divided on the basis of companies
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1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Material Type
          4.3.2. Market Attractiveness Analysis By Construction Activity
          4.3.3. Market Attractiveness Analysis By End User
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Growing applications of resilient flooring at commercial places
          5.2.2. Increasing demand for luxury vinyl resilient flooring
    5.3. Restrains
          5.3.1. VOCs and indoor air quality
    5.4. Opportunities
          5.4.1. Increasing technological advancement and product innovation in the Resilient Flooring market
    5.5. Challenges
          5.5.1. Fluctuation in the Material prices

6. Global Resilient Flooring Market Analysis and Forecast, By Material Type
    6.1. Segment Overview
    6.2. Vinyl Resilient Flooring
    6.3. Linoleum Resilient Flooring
    6.4. Cork Resilient Flooring
    6.5. Rubber Resilient Flooring
    6.6. Fiberglass Resilient Flooring

7. Global Resilient Flooring Market Analysis and Forecast, By Construction Activity
    7.1. Segment Overview
    7.2. Resilient Flooring for Renovation
    7.3. Resilient Flooring for New Construction

8. Global Resilient Flooring Market Analysis and Forecast, By End User
    8.1. Segment Overview
    8.2. Residential Resilient Flooring
    8.3. Non-Residential Resilient Flooring

9. Global Resilient Flooring Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Resilient Flooring Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Resilient Flooring Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. Armstrong World Industries, Inc.
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Tarkett
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Congoleum Corporation
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Mohawk Group
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. Shaw
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. Beaulieu International Group N.V.
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. Burke Industries Inc.
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. Karndean International Limited
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Mannington Mills
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. Berkshire Hathaway Inc.
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis

List of Table

1. Global Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

2. Global  Vinyl Resilient Flooring, Resilient Flooring  Market, By Region, 2020-2033(USD Billion) (Million Sq. Meters)

3. Global Linoleum Resilient Flooring, Resilient Flooring Market, By Region, 2020-2033(USD Billion) (Million Sq. Meters)

4. Global  Cork Resilient Flooring, Resilient Flooring  Market, By Region, 2020-2033(USD Billion) (Million Sq. Meters)

5. Global Rubber Resilient Flooring, Resilient Flooring Market, By Region, 2020-2033(USD Billion) (Million Sq. Meters)

6. Global Fiberglass Resilient Flooring, Resilient Flooring Market, By Region, 2020-2033(USD Billion) (Million Sq. Meters)

7. Global Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

8. Global Resilient Flooring for Renovation Market, By Region, 2020-2033(USD Billion) (Million Sq. Meters)

9. Global Resilient Flooring for New Construction, Resilient Flooring Market, By Region, 2020-2033(USD Billion) (Million Sq. Meters)

10. Global Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

11. Global Residential Resilient Flooring Resilient Flooring Market, By Region, 2020-2033(USD Billion) (Million Sq. Meters)

12. Global Non-Residential Resilient Flooring Resilient Flooring Market, By Region, 2020-2033(USD Billion) (Million Sq. Meters)

13. Global Resilient Flooring Market, By Region, 2020-2033(USD Billion) (Million Sq. Meters)

14. North America Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

15. North America Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

16. North America Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

17. U.S. Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

18. U.S. Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

19. U.S. Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

20. Canada Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

21. Canada Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

22. Canada Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

23. Mexico Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

24. Mexico Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

25. Mexico Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

26. Europe Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

27. Europe Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

28. Europe Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

29. Germany Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

30. Germany Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

31. Germany Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

32. France Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

33. France Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

34. France Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

35. U.K. Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

36. U.K. Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

37. U.K. Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

38. Italy Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

39. Italy Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

40. Italy Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

41. Spain Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

42. Spain Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

43. Spain Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

44. Asia Pacific Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

45. Asia Pacific Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

46. Asia Pacific Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

47. Japan Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

48. Japan Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

49. Japan Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

50. China Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

51. China Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

52. China Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

53. India Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

54. India Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

55. India Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

56. South America Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

57. South America Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

58. South America Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

59. Brazil Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

60. Brazil Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

61. Brazil Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

62. Middle East and Africa Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

63. Middle East and Africa Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

64. Middle East and Africa Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

65. UAE Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

66. UAE Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

67. UAE Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

68. South Africa Resilient Flooring Market, By Material Type, 2020-2033(USD Billion) (Million Sq. Meters)

69. South Africa Resilient Flooring Market, By Construction Activity, 2020-2033(USD Billion) (Million Sq. Meters)

70. South Africa Resilient Flooring Market, By End User, 2020-2033(USD Billion) (Million Sq. Meters)

List of Figures 

1. Global Resilient Flooring Market Segmentation

2. Resilient Flooring Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Resilient Flooring Market Attractiveness Analysis By Material Type

9. Global Resilient Flooring Market Attractiveness Analysis By Construction Activity

10. Global Resilient Flooring Market Attractiveness Analysis By End User

11. Global Resilient Flooring Market Attractiveness Analysis By Region

12. Global Resilient Flooring Market: Dynamics

13. Global Resilient Flooring Market Share By Material Type(2023 & 2033)

14. Global Resilient Flooring Market Share By Construction Activity(2023 & 2033)

15. Global Resilient Flooring Market Share By End User(2023 & 2033)

16. Global Resilient Flooring Market Share by Regions (2023 & 2033)

17. Global Resilient Flooring Market Share by Company (2023)

This study forecasts revenue and volume growth at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global Resilient Flooring market on the basis of below mentioned segments:

Global Resilient Flooring Market by Material Type:

  • Vinyl Resilient Flooring
  • Linoleum Resilient Flooring
  • Cork Resilient Flooring
  • Rubber Resilient Flooring
  • Fiberglass Resilient Flooring

Global Resilient Flooring Market by Construction Activity:

  • Resilient Flooring for Renovation
  • Resilient Flooring for New Construction

Global Resilient Flooring Market by End User:

  • Residential Resilient Flooring
  • Non-Residential Resilient Flooring

Global Resilient Flooring Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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