UK Non-Resilient Floor Covering Market Analysis
The United Kingdom Non-Resilient Floor Covering Market is expected to register a CAGR of 1.1% during the forecast period.
The Non-Resilient Flooring supply chain and manufacturing operations were disrupted during the COVID-19. The pandemic has lowered the demand for the Non-Resilient Flooring as well as other Flooring Markets. Mainly, due to the shift in buying behaviour and consumers demand towards essential goods and services.
Rising residential and commercial construction activities are expected to propel the demand for non-resilient products such as ceramic tiles and stone flooring over the projected period. The United Kingdom is anticipated to register significant growth over the projected period on account of rising demand for architectural buildings in the region. The rising demand for ceramic tiles in non-residential applications is expected to have a positive impact on market growth. Increased home improvement projects have led to an increased demand for non-resilient floors. Some factors such as water resistance, ease of cleaning, enhanced comfort, and durability of floors are also driving the demand for non-resilient flooring products. Also, the development of hassle-free installation techniques and growing demand for environment-friendly products owing to the growing environmental and health-related concerns are expected to fuel the growth of the non-resilient flooring market.
UK Non-Resilient Floor Covering Market Trends
Increase in Construction Activities is Driving the Market
The United Kingdom's Non-Resilient flooring market is expected to witness high growth due to increasing construction activities in the residential and commercial sectors in the region. Flooring is crucial for the construction industry. It plays a vital role in enhancing the overall atmosphere of a residential or commercial landscape. Growth in the construction sector and rising urbanization are also some of the factors propelling the growth of the non-resilient flooring market. Non-resilient flooring market in the country is projected to register substantial growth, owing to increasing construction activities. The need for both residential and commercial properties in the United Kingdom is driving the demand for Non-Resilient quality floorings. This leads to heavy investment in the construction industry. Due to the rise in urbanisation and increasing purchasing power of the consumers there is a need for aesthetic looking quality floorings.
Residential Segment is Dominating the Market
The residential sector is the most important sector for the flooring market. The growth of the residential segment among the application segments is attributable to increasing new residential construction projects across the country. Growing focus toward interior decoration and comfort, coupled with rising disposable income of people are expected to drive the demand for flooring in the residential industry. Housing renovation and maintenance have increased steadily in the recent past and are expected to further increase in the coming years, owing to the increasing disposable income of people. All these factors are expected to fuel the demand for non-resilient flooring in the residential sector. Non-resilient floorings come in a variety of textures, colours, and patterns; hence, its demand in residential homes is high.
UK Non-Resilient Floor Covering Industry Overview
The report covers major international players operating in the United Kingdom Non-Resilient Floor Covering Market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
UK Non-Resilient Floor Covering Market Leaders
Mohawk Industries Inc
Shaw Industries
Tarkett Ltd
Porcelanosa Grupo
Ceramica Saloni
- *Disclaimer: Major Players sorted in no particular order
UK Non-Resilient Floor Covering Market News
- On 10th July 2022, Tarkett announces its collaboration with Clean Hospitals to contribute to safer hospitals through improved environmental hygiene. Led by Professor Didier Pittet, World Health Organization Expert from the Faculty of Medicine of Geneva University Hospitals (Switzerland), Clean Hospitals is a not-for profit association which brings together the industry, members of academia, hospitals, governmental bodies, and key stakeholders from various countries.
- On 1st November 2021, Shaw Industries Group, Inc. (Shaw), a leading global flooring provider, announced plans to expand its operations in Aiken County. This announcement is a grand slam for Aiken County and represents the largest single capital investment in the county in over a decade. The approximately $400 million investment was done. On 14th June 2021, Shaw partnered with local developers Steve and Tammy Herndon of Herndon Properties to enter into a larger market.
