Global Vinyl flooring Market, By product (Vinyl sheet, Luxury Vinyl tiles, Printed Vinyl, Carpets and other), By Application (Residential, Non-residential) and Region – Forecast 2019-2022.
Therefore, their demand is rising. Vinyl flooring can be used anywhere and is preferred in the nonresidential segment due to easy to fix and easy maintenance. Market Research Future (MRFR) has published a research report about the global vinyl flooring market that forecasts growth for this market between 2019 and 2022.
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Key players in the global vinyl flooring market:
- Armstrong Flooring Inc. (USA)
- Gerflor Group (France)
- Interface Inc. (USA)
- Mannington Mills Inc. (USA)
- Mohawk Industries (USA)
- Polyflor Ltd. (UK)
- Shaw Industries Group Inc. (USA)
- Tarkett Group (France)
- TOLI Floor Corporation (Japan)
Market Boosters and Key Restraints
Construction of transport infrastructure, new malls, restaurants, upgrade of healthcare, and educational institutes in China and countries in Latin America could present attractive growth opportunities to the vinyl flooring market during the review period. On a similar note, India has observed vast improvements in urban infrastructure within the commercial sector. Similarly, Middle East also makes substantial use of vinyl flooring in infrastructure, including construction of commercial and residential buildings.
The vinyl flooring market growth is the result of rising number of large-scale infrastructural projects across developing countries in South East Asia Pacific, Middle East Africa, and Europe. Governments of developed nations are concentrating on developing commercial facilities, in addition to strengthening their infrastructure. For example, soaring demand for floor coverings in Asia Pacific is in response to the expanding population that has necessitated the need for elevation of living standards to higher capacities. This could boost the demand for flooring products, in turn, accelerating the growth rate of the vinyl flooring market in the following years.
Manufacturers are making use of modern production methods and techniques to develop enhanced designs and optimize the product performance. With these advancements, vinyl floorings boasting of with higher resolutions and sharper textures are being manufactured. On top of this, manufacturers also use simple installation processes by using glue down, self-adhesive, and interlocking tiles coupled with loose lay planks.
Latest Industry News
Accessibility solutions provider AKW has launched a new anti-slip vinyl flooring for the bathroom. 18 JAN 2019
Recofloor is set to celebrate ten years of recycling waste vinyl flooring in 2019. 22 JAN 2019
North America’s Leading Premium Surface Supplier MSI has successfully launched Everlife, a comprehensive line of Luxury Vinyl Tile (LVT). It has introduced five natural wood look collections in two versatile lines known as Dryback Flexible Gluedown and Waterproof Rigid Core. 13 SEP 2018
Armstrong Flooring, Inc. (also known as“Armstrong Flooring” or the “Company”) has signed a definitive agreement to sell its Wood Flooring segment to an affiliate of American Industrial Partners (AIP) for a purchase price of $100 mn, subject to customary adjustments for working capital, debt, and other matters. 15 NOV 2018
Market Segmentation
The worldwide vinyl flooring market has been categorized with context to application and product.
The application-dependent segments covered by the report include residential and non-residential.
With respect to product, the market includes carpets, luxury vinyl tiles, printed vinyl, vinyl sheet, and other.
Regional Outlook
The global vinyl flooring market is spread across the main regions of Europe, North America, Asia Pacific, as well as rest of the world (RoW).
Germany, the United Kingdom (UK) and France are the most profitable markets in Europe. The present urban infrastructure status in the region caters to the requirements of the urban population, which gives a significant boost to the market. Also, advent of smart cities in the region is giving way to market growth to a great extent.
Data experts predict Asia Pacific to be the most lucrative market for vinyl flooring in the coming years. The striking market growth in the region is the result of the evolving lifestyle and preference of the people, along with the booming construction industry. Expansive population in the region holds substantial potential that could accelerate demand for new housing and infrastructure development. The vinyl flooring markets in India, China and Japan are gaining immense momentum and could achieve massive revenues during the review period.
The market in North America is poised to grow in response to the thriving building & construction industry. The regional market also benefits from the robust demand for eco-friendly houses as well as government regulations & initiatives that encourage eco-friendly housing. The United States (US) and Canada have been identified as the key markets in the region, generating maximum revenues.
The RoW segment consists of Middle East & Africa (MEA), where the market performance is somewhat poor given the weak economy, lack of awareness and education, and less technological advancement.
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List of Tables
Table 1 Global Vinyl Flooring Market, by Product
Table 2 Global Vinyl Flooring Market, by Application
Table 3 Global Vinyl Flooring Market, by Regions
Table 4 North America Vinyl Flooring Market, by Country
Table 5 North America Vinyl Flooring Market, by Product
Table 6 North America Vinyl Flooring Market, by Application
Table 7 U.s. Vinyl Flooring Market, by Product
Table 8 U.s. Vinyl Flooring Market, by Application
Table 9 Canada Vinyl Flooring Market, by Product
Table 10 Canada Vinyl Flooring Market, by Application
Continued…….
List of Figures
Figure 1 Research Type
Figure 2 Global Vinyl Flooring Market: by Product (%)
Figure 3 Global Vinyl Flooring Market: by Application (%)
Figure 4 Global Vinyl Flooring Market: by Region
Figure 5 North America Vinyl Flooring Market, by Product (%)
Figure 6 North America Vinyl Flooring Market, by Application (%)
Figure 7 North America Vinyl Flooring Market, by Countries (%)
Figure 8 Europe Vinyl Flooring Market, by Product (%)
Figure 9 Europe Vinyl Flooring Market, by Application (%)
Figure 10 Europe Vinyl Flooring Market, by Countries (%)
Continued….
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