The global vinyl flooring market could project a high CAGR during the forecast period (2016-2022), says Market Research Future (MRFR).
Armstrong Flooring Inc. (USA), Interface Inc. (USA), Mohawk Industries (USA), Polyflor Ltd. (UK), TOLI Floor Corporation (Japan), Shaw Industries Group Inc. (USA), Mannington Mills Inc. (USA), Gerflor Group (France), Tarkett Group (France), are some of the well-known companies competing in the worldwide vinyl flooring market.
Target Audience
- Organizations
- Manufacturer
- Research Institute / Education Institute
- Potential Investors
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Market Boosters and Key Restraints
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.
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.
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.
Industry Trends
Increasing implementation of augmented reality (AR) within the flooring industry has emerged as a prominent trend in the Vinyl Flooring Market. Formerly, every time a customer asked for a sample of flooring material online, it would be too small for the customer to visualize the floor after installation. However, with the introduction of AR floor visualizer applications, consumers are now able to alter the design of their rooms or homes without even viewing the samples physically. Sensing the opportunity, many renowned flooring vendors are now leveraging AR and VR technologies to sell their products and expand their customer base.
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).
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.
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.
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.
Scope of Report
The report for Global Vinyl flooring Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advance Vinyl flooring, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Study Objectives of Vinyl flooring markets Market.
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Vinyl flooring Market.
- To provide insights about factors affecting the market growth.
- To analyze the Vinyl flooring markets market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segment by product, material, application and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Conveyor system.
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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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