Non-Resilient Floor Covering Market Size
Study Period | 2019 - 2028 |
Market Size (2023) | USD 38.38 Billion |
Market Size (2028) | USD 56.83 Billion |
CAGR (2023 - 2028) | 8.17 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Non-Resilient Floor Covering Market Analysis
The Non-Resilient Floor Covering Market size is expected to grow from USD 38.38 billion in 2023 to USD 56.83 billion by 2028, at a CAGR of 8.17% during the forecast period (2023-2028).
Covid-19 greatly impacted the market as all the construction and development plans for all building types were stopped. But after the market was opened and all the restrictions were lifted, the non-resilient floor-covering market again gained pace. Non-resilient floor cover products do not flex under pressure. They are made of organic hard surfaces flooring materials, such as ceramic and porcelain tiles, solid and engineered hardwood, laminates, natural stone, slate, and bricks. The market is poised for high growth in the future years due to an upward movement in the new home and commercial construction activities in developing economies. Increased property resale stimulated homeowner remodeling, home improvement projects, and the worldwide rise in residential property prices. The ceramic and stone product suppliers increased their dependence on online retail channels. The technological advancements in mining resulted in reduced prices of natural and manufactured stones, which is, in turn, fuelling the growth of the industry.
Several factors, such as water resistance, ease of cleaning, enhanced comfort, and durability of floors, are also driving the demand for non-resilient flooring products. The ceramic tiles segment is expected to expand rapidly over the forecast period, owing to the various benefits of ceramic tiles.
Non-Resilient Floor Covering Market Trends
Ceramic Tile Segment Drives the Market
Ceramic tiles are extensively used in new residential and home improvement activities. Furthermore, ceramic tiles are used in commercial applications like malls, shopping centers, and work and office spaces. Ceramic flooring is the main driver of the resilient floor covering market. In the Asia-Pacific region, there is an increase in the demand for ceramic flooring products from developed countries, such as the United States, Mexico, China, and Italy. The ability of ceramic flooring products to replicate wood and stone finishes is fueling the demand. The vendors are leveraging the advancements in digital printing technology to provide ceramic tiles with a wide range of design aesthetics.
Asia Pacific is the Fastest Growing Region
The expanding construction sector in the Asia Pacific region drives the market. The region saw supportive government policies and regulations to boost the infrastructure and residential construction market. The country offers opportunities for construction companies, along with various subsidies and exemptions, to help the company establish itself. Furthermore, flooring in the last few years gained popularity in the Asian markets.
Non-Resilient Floor Covering Industry Overview
The report covers major international players operating in the non-resilient floor-covering market. The market is fragmented, with major players capturing a larger market share. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Major players include China Ceramics Co. Ltd, Mohawk Industries Inc., Kajaria Ceramic, Shaw Industries, Inc., and Dal Tiles.
Non-Resilient Floor Covering Market Leaders
China Ceramics Co. Ltd
Mohawk Industries Inc.
Kajaria Ceramics
Shaw Industries, Inc.
Dal Tiles
*Disclaimer: Major Players sorted in no particular order
Non-Resilient Floor Covering Market News
- March 2023: Encina and Shaw Industries partnered with Carpet Waste Recycling. Under the agreement, Shaw will annually provide Encina with more than 2 million pounds of waste materials from its carpet manufacturing processes.
- February 2023: Daltile Announced new tile collections for spring 2023. These new Daltile assortments offer various fashionable products with exceptional performance features.
Non-Resilient Floor Covering Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Technology Innovation
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Ceramic Tiles Flooring
5.1.2 Stone Tiles Flooring
5.1.3 Laminate Tiles Flooring
5.1.4 Wood Tiles Flooring
5.1.5 Others
5.2 By Distribution Channel
5.2.1 Contract
5.2.2 Specialty Stores
5.2.3 Home Centers
5.2.4 Others
5.3 By End-User
5.3.1 Residential
5.3.2 Commercial
5.4 By Geography
5.4.1 North America
5.4.1.1 USA
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 France
5.4.2.3 Italy
5.4.2.4 Spain
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 Australia
5.4.3.4 India
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
5.4.4.1 Saudi Arabia
5.4.4.2 Egypt
5.4.4.3 UAE
5.4.4.4 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Argentina
5.4.5.2 Colombia
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Mannington Mills, Inc.
6.2.2 Shaw Industries, Inc.
6.2.3 Mohawk Industries, Inc.
6.2.4 Ceramic Saloni
6.2.5 China Ceramics
6.2.6 Kajaria Ceramics
6.2.7 Porcelanosa Group
6.2.8 RAK Ceramics
6.2.9 Dal Tiles
6.2.10 Crossville Inc.*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Non-Resilient Floor Covering Industry Segmentation
Non-resilient flooring is a type of hard surface flooring. This is made from inflexible, organic material. Non-resilient flooring materials comprise ceramic, porcelain, natural stone, and others. The report covers a complete background analysis of the non-resilient floor covering the market. It includes an assessment of the market overview, emerging trends by segments and regional markets, significant changes in market dynamics, and a market overview. The Non-Resilient Floor Covering Market is segmented by product (ceramic tiles flooring, stone tiles flooring, laminate tiles flooring, wood tiles flooring, and others), distribution channel (contract, specialty stores, home centers, and others), end user (residential, and commercial), and geography (North America, Europe, Asia Pacific, Middle-East and Africa, and South America). The report offers market size and forecasts in value (USD billion) for all the above segments.
By Product | |
Ceramic Tiles Flooring | |
Stone Tiles Flooring | |
Laminate Tiles Flooring | |
Wood Tiles Flooring | |
Others |
By Distribution Channel | |
Contract | |
Specialty Stores | |
Home Centers | |
Others |
By End-User | |
Residential | |
Commercial |
By Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Non-Resilient Floor Covering Market Research FAQs
How big is the Non-Resilient Floor Covering Market?
The Non-Resilient Floor Covering Market size is expected to reach USD 38.38 billion in 2023 and grow at a CAGR of 8.17% to reach USD 56.83 billion by 2028.
What is the current Non-Resilient Floor Covering Market size?
In 2023, the Non-Resilient Floor Covering Market size is expected to reach USD 38.38 billion.
Who are the key players in Non-Resilient Floor Covering Market?
China Ceramics Co. Ltd, Mohawk Industries Inc., Kajaria Ceramics, Shaw Industries, Inc. and Dal Tiles are the major companies operating in the Non-Resilient Floor Covering Market.
Which is the fastest growing region in Non-Resilient Floor Covering Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (20221-2028).
Which region has the biggest share in Non-Resilient Floor Covering Market?
In 20221, the North America accounts for the largest market share in Non-Resilient Floor Covering Market.
Non-Resilient Floor Covering Industry Report
Statistics for the 2023 Non-Resilient Floor Covering market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Non-Resilient Floor Covering analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.