The market size for global vinyl flooring is expected to snowball at a considerable pace to exceed USD 33 billion by 2025. The key factors that can be attributed to the growth of the Vinyl Flooring market during 2020-25 are the burgeoning consumer demand for enhanced home aesthetics, better floor designs patterns, textures, etc., along with an upsurge of residential construction activities in the emerging regions such as Asia-Pacific and Middle East. Moreover, an integration of digital printing technology has been contributing toward improved designs, understanding the customer orientation, and strategizing the future developmental plans in product development, customer acquisition, geographic penetration, etc.
According to the MarkNtel Advisors’ research report titled “Global Vinyl Flooring Market Analysis, 2020”, the demand for luxury vinyl tiles is seen to be overtaking the vinyl sheets and vinyl tiles in 2020. The installation of vinyl tiles is rising not only in the new construction projects but also from the refurbishment and re-modeling of existing space. As vinyl flooring is emerging as an ideal low-cost alternative to wooden and other luxury tile flooring, the demand can also be seen soaring from residential and commercial end-users. However, the demand from the commercial segment is anticipated to outperform the residential segment owing to a large number of installation in corporate firms, restaurants, hotels, etc.
With a surge in disposable income and a growing need for better interior designs, the end-users are progressively inclined toward premium vinyl flooring. It is projected that the premium price segment of vinyl flooring would outpace the budget and economy segment.
Although the companies operating in the Vinyl Flooring market have well-established distributors and dealer networks, but a major share of the sales is done through contracts or direct sales to the real-estate developers or builders. This trend is set to gain momentum in the coming future also. The major players operating in the Vinyl Flooring market include Armstrong Flooring, Mannington Mills, Mohawk Industries, Tarkett, Forbo Flooring, Shaw Industries, Polyflor, LG Hausys, Interface, Gerflor, The Dixie Group, etc.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Vinyl Flooring Market during 2020-25?
A. The market size of Global Vinyl Flooring Market during 2020-25 is forecast to be around $33 Billion.
Q. Who are the key competitors or players operating in Global Vinyl Flooring Market?
A. Armstrong Flooring, Mannington Mills, Mohawk Industries, Tarkett, Forbo Flooring, Shaw Industries, Polyflor, LG Hausys, Interface, Gerflor, The Dixie Group are few of the leading players in the Global Vinyl Flooring Market.
Q. Does the report scope cover Vinyl Flooring type and region wise market statistics also?
A. Yes, the scope of the report encompass detailed type and region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which end user segment would emerge as an opportunity area for players in Global Vinyl Flooring market?
A. The residential and commercial grabbed the highest market share in the Global Vinyl Flooring Market.
