Global Vinyl Flooring Market Value is registered as USD 32.37 billion and is estimated to grow at a significant rate of 6.8% CAGR along with the vinyl flooring market size of Usd 58,685.1 Million during the forecast period 2022–2030
Analyzing the market structure, this report offers insights into factors affecting the market growth. Weighing the market size and foretelling the revenue, this reports covers and observes the competitive developments of market players that include joint ventures, mergers and acquisitions, new product developments, research and developments (RD), and strategic alliances.
The primary factors supporting the Vinyl Flooring Industry are increasing disposable income and purchasing power of consumers and cost-effectiveness. Other factors supporting the market growth include the environment-friendly nature of vinyl floorings, increased construction building activities, and increasing consumer attention toward aesthetic value in construction.
The global vinyl flooring market has been segmented on the basis of application, product, and lastly, region. The application-based segmentation segments this market into residential applications and non-residential applications. Residential applications are houses in which people live in. Non-residential applications are business establishments. Based on the product, the market has been segmented into carpets, luxury vinyl tiles, printed vinyl, vinyl sheets, and others.
The regional segmentation of the global vinyl flooring market segments the market into the global market into regional markets known as North America, Europe, Asia Pacific, and the rest of the world (RoW).
Currently, Asia Pacific is expected to be the largest regional market. The reason for the market growth in the Asia Pacific region is the changing lifestyle preferences of the people and growth in the construction industry. Population growth in this region also offers a huge potential for new housing demand and infrastructure development which is leading the market of vinyl flooring. The strongest economies in this region that can be potential markets are China, India, and Japan.
In North America, the market can grow due to the established building construction industry, demand for eco-friendly houses, and lastly, government regulations initiatives to encourage eco-friendly housing. The country-specific markets generating the maximum market revenue are USA and Canada.
In Europe, the market is growing due to reasons same as North America. The most important country-specific markets in this region are France, Germany, and the UK, followed by the remaining countries of Europe.
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Competitive Landscape
The prominent key players in the vinyl flooring market outlook are the following:
· Gerflor Group
· Mannington Mills Inc.
· Tarkett Group
· Interface Inc.
· Mohawk Industries convenience
· Armstrong Flooring Inc.
· Shaw Industries Group Inc
· Toli Floor Corporation
· Polyflor Limited.
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 Glue-down 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
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