Vinyl Flooring Industry By Applications (Residential, Non-Residential), and By Product (Vinyl Sheet, Luxury Vinyl Tiles, Printed Vinyl, Carpets) – Global Market Opportunity and Current Growth Analysis 2019-2025
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Product Code:
RP-ID-10079099 -
Published Date:
21 Oct 2022 -
Region:
Global
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Pages:
110 -
Category:
Chemicals -
Publisher:
Pub-ID-27
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.
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The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
Market Overview:
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Global Vinyl Flooring Industry was valued at USD 24.206 Million in the year 2018. Global Vinyl Flooring Industry is further estimated to grow at a CAGR of 13.2% from 2019 to reach USD 57,626 Million by the year 2025. Vinyl flooring is a new type of resilient and robust flooring used in various residential and commercial buildings such as homes, offices, hotels, and others.
Asia Pacific region accounts for the largest Industry share and is expected to grow at highest CAGR during the forecast period of 2019 to 2025. At the country level China and Japan is the major markets in the Asia Pacific region and holds a substantial Industry share in 2018 and it is projected to grow at a gradual pace in the coming years. The reason is attributed to the growth in the construction industry and changing lifestyle and preference of the people.
The global vinyl flooring Industry is segmented on the basis of product, by application, and Region. Based on product, luxury vinyl tile (LVT) holds the highest Industry share in the forecasted period and is expected to grow at the highest CAGR of XX% in the forecasted period. On the basis of application, the global Vinyl Flooring Industry is segmented on the basis of a Residential and Non-Residential application of which Residential housing Industry accounts for the largest Industry share of vinyl flooring.
Major market players in Vinyl Flooring Industry are Mohawk Industries are Gerflor Group, Armstrong Flooring, Inc., Mannington Mills, Inc., Shaw Industries Group, Inc., Tarkett group, Toli floor Corporation, Interface Inc., Polyflor Ltd., and 8 more companies detailed information is provided in the report.
SWOT analysis of Vinyl Flooring Industry
Strength:
Increasing purchasing power
Growing demand for luxury residential floorings
Weakness:
Stringent government regulations
Opportunities:
Growing number of homeowners and residential construction
Threats:
High Research and Development Cost
Vinyl Flooring Industry Overview, By Product
• Vinyl Sheet
• Luxury Vinyl Tiles
• Printed Vinyl
• Carpets
• Others
Vinyl Flooring Industry Overview, By Application
• Residential
• Non-Residential
Vinyl Flooring Industry Overview, By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa
Geography Analysis:
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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