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The global vinyl flooring market reached a volume of 1,172 Million Sq. Meters in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.1% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Vinyl flooring, also known as resilient flooring, is made by combining natural and synthetic polymer materials which are placed in repeating structural units. It is a versatile synthetic flooring material which is resistant against water and stains. Vinyl flooring is cost-effective in nature and exhibits numerous features such as durability, flexible handling, and design possibilities which make it suitable to be used in hospitals, schools, offices and houses. Additionally, vinyl flooring is comfortable to walk on and reduces impact noise owing to which it is being frequently used as an alternative to higher maintenance flooring like carpet. Currently, there is an availability of advanced print and textural techniques which makes it possible for vinyl flooring to imitate the look of a variety of flooring options such as hardwood, marble, stone, etc.
Global Vinyl Flooring Market Drivers/Constraints:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vinyl flooring market report, along with forecasts for growth at the global and regional level from 2021-2026. Our report has categorized the market based on sector and product type.
Breakup by Sector:
The vinyl flooring market has been segmented on the basis of sector which include residential and commercial. Currently, vinyl flooring is being majorly used in the residential sector owing to a rise in the demand for modified residential construction material.
Breakup by Product Type:
Based on product type, the market has been segregated into vinyl sheet, luxury vinyl tile (LVT) and vinyl composition tile (VCT). Amongst these, luxury vinyl tile represents the largest segment as it is a low-cost alternative for tile or planks.
On a regional basis, the global vinyl flooring market has been segmented into Asia-Pacific, North America, Western Europe, Eastern Europe, Latin America, and Middle East and Africa. North America exhibits a clear dominance, holding the majority of the market share. This can be highly attributed to increasing construction activities as well as rising awareness about benefits offered by vinyl flooring such as ease of installation, low maintenance cost, and availability of modern designs.
The market is fragmented in nature with the presence of numerous small and large manufacturers who compete in terms of prices and quality. Some of the leading players operating in the market are:
This report provides a deep insight into the global vinyl flooring market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a vinyl flooring manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the vinyl flooring industry in any manner.
|Base Year of the Analysis||2020|
|Units||US$ Billion, Million Sq. Meters|
|Segment Coverage||Product Type, Sector, Region|
|Region Covered||Asia Pacific, North America, Western Europe, Eastern Europe, Latin America, Middle East and Africa|
|Companies Covered||Tarkett, Mohawk, Armstrong World Industries Inc., Shaw Industries Inc., Mannington Mills Inc., Beaulieu International Group, Gerflor and Forbo|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
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Corporate License: US$ 3499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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