Vinyl Flooring Market

Vinyl Flooring Market: Deployment in Commercial Spaces to Register Significant Increase over the Forecast Period: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

  • 2018-07-12
  • REP-GB-548
  • 295 pages
  • PDF PPT EXCEL
 Vinyl Flooring Market

An Incisive, In-depth Analysis on the Vinyl Flooring Market

This study offers a comprehensive, 360 degree analysis on the Vinyl Flooring market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Vinyl Flooring market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Vinyl flooring as considered under the scope of the report is used in residential, commercial and industrial applications for floor covering.

The global Vinyl Flooring market is estimated to be valued at US$ 21,952.8 Mn by 2018 end and is expected to reach US$ 41,578.7 Mn by the end of 2028, expanding at a CAGR of6.6% over the forecast period. The global Vinyl Flooring market is anticipated to represent incremental opportunity of US$ 19,625.9 Mn between 2018 and 2028. In terms of volume, the global Vinyl Flooring market is estimated to reach 17,428 Mn Sq. ft.  by 2018 end and is anticipated to increase to 32,041 Mn Sq. ft. by 2028, exhibiting a CAGR of 6.3% over the forecast period.

Growing infrastructural activities assisting the demand for Vinyl Flooring

Growth of the vinyl flooring market is predominantly driven by the development of large-scale infrastructural projects in developing economies of South East Asia Pacific as well as Middle East Africa and Europe. Governments of major economies are focusing on the development of commercial facilities and strengthening their infrastructure. For instance, rising demand for floor coverings in the Asia Pacific region due to increasing population has been necessitating the need for up gradation of living standards to higher capacities. This is expected to drive the demand for flooring products, which in turn, will drive the global vinyl flooring market in near future. Also, construction of new malls, transport infrastructure, restaurants upgrade of healthcare and educational institutes in countries, such as China and Latin American countries, is expected to create attractive opportunities for the growth of the vinyl flooring market in these regions. Further, improvement in urban infrastructure has been evident in the commercial sector in India. Furthermore, in the Middle East, considerable use of vinyl flooring in infrastructure, such as construction of residential and commercial buildings, has been witnessed. Competition from substitute products such as textile flooring, ceramic tiles and flooring carpets is expected to stay moderate over the study period.

Sheet segment to register relatively high value and volume CAGR among all format segments

On the basis of format, the global Vinyl Flooring market is segmented into sheet, plank and tile. Among them, sheet segment accounted for 38.8% share in 2017 in terms of value.

On the basis of application, the global Vinyl Flooring market is segmented into commercial, residential and industrial. Commercial segment is expected to account for more than half of the overall market by the end of forecast period

China dominates the global market and Western Europe is next to follow in the consumption of Vinyl Flooring

China Vinyl Flooring market accounted for a value share of 17.4% in 2017 and is forecasted to maintain its dominance in the global Vinyl Flooring market over the forecast period and Western Europe Vinyl Flooring market is projected to represent significant incremental opportunity between 2018 and 2028, while the South East Asia and Pacific Vinyl Flooring market is estimated to expand at a significant CAGR in terms of value – volume over the forecast period. Sales of Vinyl Flooring in Middle East and Africa is projected to represent a total incremental opportunity of US$ 2,739.8 Mn between 2018 and 2028 while Japan Vinyl Flooring market is projected to expand at a moderate CAGR in terms of value over the forecast period.

Market participants of the global Vinyl Flooring market

Some of the market participants reported in this study of global Vinyl Flooring market include Tarkett, AFI Licensing LLC, Mohawk Industries, Inc., Forbo Group, TOLI Corporation, Interface, Inc., Mannington Mills, Inc., C.I. TAKIRON Corporation, Responsive Industries Ltd., JAMES HALSTEAD PLC, Shaw Industries Group, Inc., Gerflor and others

Prominent manufacturers of Vinyl Flooring are found to be involved in the development of new and innovative products and the acquisition activities in order to enhance their market presence across the globe. Also, well-structured and efficient supply chain along with an improved retailing network for Vinyl Flooring are major growth strategies for reaching out to customers.  

Future Market Insights (FMI) provides an exclusive analysis of “Global Vinyl Flooring Market”. The market intelligence compiled in this report offers exhaustive analysis and provide insights pertaining to the vinyl flooring market. The report offers a comprehensive analysis of the global vinyl flooring market in terms of market volume (Mn Sq. Ft.), value (US$ Mn), and year-wise (Y-o-Y) growth in sales as per the product composition and applications. To offer a better understanding of the vinyl flooring market, the report offers analysis of drivers, restraints, and trends, and their impact on the market dynamics. Crucial insights provided in the report highlights four important segments of the vinyl flooring market, viz. by format, by product, by application, and by region.

Report Description

The report on global vinyl flooring market begins with an executive summary and market introduction, which provide an extensive view of the overall market. Detailed insights provided in this section of the vinyl flooring report offers important information pertaining to the market viewpoint, value chain analysis, forecast factors, and impact analysis. The section that follows offers analysis on various segments and presents forecast for the period of 2018-2028. On the basis of format, the global vinyl flooring market is segmented into

  • Sheet

  • Plank

  • Tile

Based on product type, the vinyl flooring market is segmented as

  • Inlaid

  • Printed

On the basis of application, the vinyl flooring market is segmented as

  • Residential

  • Commercial

    • Healthcare

    • Hospitality

    • Retail & Offices

    • Others

  • Industrial

In the following section, the global vinyl flooring market offers crucial insights and analysis on the basis of regions including North America, Latin America, Western Europe, Eastern Europe, South East Asia and Pacific, China, India, Japan, and the Middle East and Africa.

Concluding section of the vinyl flooring report offers important insights on the competitive landscape of the global market. In this section, the vinyl flooring report provides market share analysis and provides information and analysis of key companies and manufacturers across the value chain and their presence in globally. Some of the leading market players identified in the global market include Tarkett, AFI Licensing LLC, Mohawk Industries, Inc., Forbo Group, TOLI Corporation, Interface, Inc., Mannington Mills, Inc., C.I. TAKIRON Corporation, Responsive Industries Ltd., JAMES HALSTEAD PLC, Shaw Industries Group, Inc., Gerflor, and others.

Research Methodology

Vinyl flooring market volume is derived through in-depth research and validated by industry experts and key manufacturers/solution providers through interviews. Perspectives of the industry experts are thoroughly analyzed and the average market volume is deduced and reconfirmed before incorporating in the report. To offer accurate market analysis, we have considered 2017 as a base number and 2018 as estimated new vinyl flooring sale and forecast is made for years 2019 to 2028. The market size of vinyl flooring is calculated in terms of different formats and their selling prices in various regions. Further, data points such as sales split, end-use split, and regional split, along with qualitative inputs from the primary research are incorporated in order to provide precise market analysis. Valuable insights offered in this report estimates the total revenue expected to be generated in the vinyl flooring market over the forecast period. 

This report of vinyl flooring offers forecasts in terms of CAGR and provides market and analyzes market on the basis of Year-on-Year (Y-o-Y) growth. Market analysis on the basis of CAGR and Y-o-Y growth incorporated in the report offers can allow the readers to identify lucrative growth opportunities and growth prospects of the global vinyl flooring market. Valuable insights provided in the vinyl flooring report also offers detailed information pertaining to the potential resources and key trends of the global market. Insights compiled in the vinyl flooring report are provided in terms of absolute dollar opportunity and Basis Point Share (BPS). In addition, market intelligence pertaining to the growth prospects and patterns of various segments have been derived through the vinyl flooring market attractive index.

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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