The future of the vinyl flooring market looks promising with opportunities in residential and non-residential applications. The global vinyl flooring market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $18.1 billion by 2025 with a CAGR of 3% to 5% from 2020 to 2025 . The major drivers for this market are growth in residential construction and renovation activities.
Emerging trends in the vinyl flooring market, which have a direct impact on the dynamics of the industry, include growing adoption of loose lay flooring - an innovative form of luxury vinyl tile and increasing demand for phthalate-free vinyl flooring. Shaw Industries, Tarkett, Mohawk Industries, Gerflor, and Mannington Mills are among the major suppliers of vinyl flooring.
A total of 127 figures / charts and 96 tables are provided in this 205 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of vinyl flooring in the construction market report download the report brochure.
Vinyl flooring opportunities have evolved through number of stages as presented in figure below:
Evolution of Vinly Flooring Opportunities
In this market, non-residential is the largest end use market, whereas vinyl sheet is the largest in product. Growth in various segments of the vinly flooring market are given below:
Vinyl Flooring Market by Segments
The study includes the vinyl flooring in the construction market size and forecast for the vinyl flooring in the construction market through 2025, segmented by product, end use and the region as follows:
Vinyl Flooring in the Construction Market by Product [$M shipment analysis from 2014 to 2025]:
- Vinyl Sheet
- Vinyl Composite Tile
- Vinyl Composite Tile
Vinyl Flooring in the Construction Market by End Use [$M shipment analysis from 2014 to 2025]:
- Non- Residential
Vinyl Flooring in the Construction Market by Region [$M shipment analysis for 2014 to 2025]:
- North America
- United States
- United Kingdom
- Asia Pacific
- The Rest of the World
Some of the vinyl flooring in the construction companies profiled in this report include Shaw Industries, Inc.,Tarkett, Armstrong World Industries, Inc.,Mannington Mills, Inc., Forbo Holding AG and others.
Lucintel forecasts that the vinyl sheet will remain the largest segment over the forecast period due to their superior properties such as water-resistance, slip resistance, and ease of maintenance.
Within this market, vinyl flooring for non-residential will remain the largest segment during the forecast period due to the increase in demand for luxury vinyl tiles in non-residential buildings, such as offices, hotels, educational institutions, and hospitals.
APAC will remain the largest region due to the growth in the construction industry and changing lifestyle. North America is expected to witness the highest growth over the forecast period due to rising investments in single-family constructions in this region.
Some of the features of this report:
- Market size estimates: Vinyl flooring in the construction market size estimation in terms of value ($M) and volume (M sqm) shipment.
- Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by product and end use industry.
- Segmentation analysis: Vinyl flooring in the construction market size by product and end use industry in terms of value shipment.
- Regional analysis: Vinyl flooring in the construction market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
- Growth opportunities: Analysis on growth opportunities in different applications and regions of vinyl flooring in the construction market.
- Strategic analysis: This includes M&A, new product development, and competitive landscape of vinyl flooring in the construction market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report addresses the following key questions:
Q.1. What are some of the most promising, high growth opportunities for the vinyl flooring market by product (vinyl sheet, luxury vinyl tile, and vinyl composite tile), end use (residential and non-residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which products segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market and which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are being initiated by key companies for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11. What M&A activity has occurred in the last 5 years?
Key Features Description
Base Year for Estimation 2019
(Actual Estimates) 2014-2019
Forecast Period 2020-2025
Market Representation / Units Revenue in US $ Billion and Volume in (M sqm)
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments By product (vinyl sheet, luxury vinyl tile, and vinyl composite tile), and By end use (residential and non-residential)
Regional Scope North America (The United States, Mexico, and Canada), Europe (United Kingdom, and Germany), Asia Pacific (Japan, and China), and RoW
Customization 10% Customization Without any Additional Cost