Market Size of Non-Resilient Floor Covering Industry
| 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 |
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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.
