vinyl flooring market to reach $ 51.45 billion by 2028 | Attracted by the growing demand from the health sector; According to Fortune Business Insights ™

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The main companies covered in the vinyl flooring market are Armstrong Flooring, Inc. (United States) Forbo Flooring Systems (Netherlands) Mohawk Industries, Inc. (United States) Tarkett SA (France) Mannington Mills, Inc. (United States) Shaw Industries Group, Inc (United States) LG Hausys (South Korea) Gerflor (France) Interface, Inc. (United States) Polyflor Ltd (United Kingdom) and many more .

/ EIN News / – Pune, India, November 16, 2021 (GLOBE NEWSWIRE) – The vinyl flooring market The size is expected to grow exponentially reaching $ 51.45 billion by 2028 while posting a 6.8% CAGR between 2021 and 2028. This information is published by Fortune Business Insights in its report, titled “Vinyl Flooring Market, 2021-2028. The report further mentions that the market amounted to USD 30.61 billion in 2020. The increasing attention to residential building development and the growing demand for advanced healthcare facilities around the world are expected to drive demand for the product. during the forecast period.

The drastic effect of the global pandemic, COVID-19, has been felt in several economies facing unprecedented losses. The lockdown imposed by government agencies has led several industries to face shutdown industrial operations. However, a collective effort by government and industry is likely to get the economy back on track and help the resumption of industrial activities.

List of the Companies Featured in the Global Vinyl Flooring Market:

  • Armstrong Flooring, Inc. (US)
  • Forbo Flooring Systems (The Netherlands)
  • Mohawk Industries, Inc. (United States)
  • Tarkett SA (France)
  • Mannington Mills, Inc. (US)
  • Shaw Industries Group, Inc. (US)
  • LG Hausys (South Korea)
  • Gerflor (France)
  • Interface, Inc. (US)
  • Polyflor Ltd (United Kingdom)

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Market segmentation :

Based on type, the market is divided into vinyl sheet, vinyl tile, and luxury vinyl tile. Based on end use, the market is divided into residential and non-residential.

On the basis of end use, the non-residential segment is expected to hold a significant share of the global vinyl flooring market during the forecast period. This is due to the increasing demand for offices and advanced healthcare centers around the world, which bodes well for segmental growth.

Finally, based on the region, the market is divided into Europe, North America, South America, Asia-Pacific, Middle East, and Africa.

What does the report include?

The global market report includes qualitative and quantitative analysis of several factors such as the major drivers and restraints that will impact the growth. Further, the report provides information on regional analysis which covers different regions, contributing to the growth of the market. It understands the competitive landscape that involves leading companies and adopting strategies to announce partnerships, introduce new products, and collaborate to further contribute to market growth between 2021 and 2028. Further, the research analyst adopted several research methodologies to extract information on current trends and industry developments that will drive the market growth during the forecast period.

DRIVING FACTORS

Increased focus on health infrastructure development to promote growth

In May 2021, Interface announced the launch of its very first vinyl sheet products, adding to its current portfolio of LVT, carpet tiles and Nora rubber flooring. With the launch, the company is expected to provide complete flooring solutions that meet the needs of healthcare facilities. The increasing demand for such flooring in several healthcare facilities is seen as a positive sign for the growth of the market. In addition to this, the increasing attention to residential building development which has gained momentum through proactive smart city government initiatives will contribute to the growth of the global vinyl flooring market during the forecast period. .

Browse the detailed research information with the impact of COVID-19 analysis:

https://www.fortunebusinessinsights.com/vinyl-flooring-market-103059

REGIONAL OVERVIEW

Asia-Pacific will remain dominant; Rapid urbanization to promote growth

Among all the regions, Asia-Pacific is expected to dominate and occupy the highest position in the market during the forecast period. This is due to rapid urbanization in countries such as India and China, which has resulted in an increase in residential and commercial building renovation activities, propelling the demand for innovative vinyl flooring.

The market in North America is expected to experience tremendous growth, supported by the growing focus on improving commercial buildings such as offices, schools, and healthcare facilities in countries like the United States.

COMPETITIVE LANDSCAPE

Major players focus on merger strategies to expand their product portfolio and increase sales revenue

The market is consolidated by the presence of large companies spread all over the world. These companies are focused on the development and introduction of innovative vinyl flooring products to gain a competitive advantage over their rivals. Moreover, other key players are adopting strategies such as new product introduction, partnerships and collaboration to maintain their strongholds which will drive the market growth.

Detailed table of contents:

  • introduction
    • Scope of research
    • Market segmentation
    • Research methodology
    • Definitions and assumptions
  • Abstract
  • Market dynamics
    • Market factors
    • Market constraints
    • Market opportunities
  • Key ideas
    • Main emerging trends – for the main countries
    • Key developments: Mergers, Acquisitions, Partnerships, etc.
    • Latest technological advances
    • Overview of the regulatory scenario
    • Porters Five Forces Analysis
  • Qualitative Analyzes – Impact of COVID-19 on the Global Vinyl Flooring Market
    • Supply chain challenges
    • Measures taken by government / companies to overcome this impact
    • Potential opportunities due to the COVID-19 epidemic
  • Global Vinyl Flooring Market Analysis, Outlook and Forecast, 2017-2028
    • Main conclusions / summary
    • by type (volume / value)
      • Vinyl sheets
      • Vinyl tiles
      • Luxury vinyl tiles
    • by end use (volume / value)
      • Residential
      • Non-residential
    • by region (volume / value)
      • North America
      • Europe
      • Asia Pacific
      • South America
      • Middle East and Africa

COT continues…!

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Key industry development:

  • May 2021 – Armstrong Flooring announced the launch of its 3 new LVT collections such as Coalesce, Terra and Biome. These collections are patented with Diamond Ten technology and are available for commercial use. In addition, these products are composed of 29% recycled content.

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Ceramic tile market Size, Share and Industry Analysis, by Application Area (Floor, Walls, Others), End Use (Residential, Non-residential) and Regional Forecast, 2019-2026

Flooring Market Industry Size, Share, and Analysis, by Type (Non-Resilient {Ceramic, Wood, Laminate & Others}, Resilient {Vinyl & Others}, Rugs & Rugs, {Tufted, Woven & Others}), by End Use (Residential and non-residential) and regional forecasts, 2019-2026

Resilient Flooring Market COVID-19 Size, Share and Impact Analysis, By Product Type (Luxury Vinyl Tile, Vinyl Sheet & Floor Tile, Rubber, Linoleum & Others), By Application (Residential, Commercial & others) and regional forecasts, 2020-2027

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