A recent report published by Infinium Global Research on vinyl flooring market provides in-depth analysis of segments and sub-segments in the global as well as regional vinyl flooring market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vinyl flooring market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global vinyl flooring market. According to the report, the global vinyl flooring market is projected to grow at a CAGR of 12.6% over the forecast period of 2019-2025.
The growing willingness to invest more money on premium flooring is increasing the demand for vinyl flooring. Vinyl flooring is a mixture of polyvinyl chloride and plasticizers. Vinyl flooring is versatile, flexible, and is available in a variety of patterns and colors. It is also affordable compared to other floorings. There are varied choices of vinyl flooring available commercially. Some popular kinds of vinyl flooring are inlaid and printed vinyl. It is moderately easy to install on existing flooring as compared to other flooring options.
The growing use of modern flooring for residential sites is primarily driving the growth of the vinyl flooring market. In addition, the surface can be easily cleaned either with plain water or with vinyl floor cleaner to remove stains. Furthermore, vinyl flooring is on the rise due to the demand for sophisticated pattern styled products. The change in consumer preferences in flooring and the growing disposable income are fueling the growth of the vinyl flooring market. Besides that, it is completely water-resistant and has a long life that increases its adoption in industrial spaces. However, it discharges volatile organic compounds (VOC) into the air and the stringent regulations to limit the use of VOCs in consumer products may hamper the growth of vinyl flooring market. Moreover, the growing innovations in vinyl flooring are anticipated to promote fruitful opportunities for the growth of the vinyl flooring market.
Among the regions, Asia Pacific dominates the global vinyl flooring market. The expanding construction sector, increasing support from government and massive investments in the construction industry for infrastructural development are some factors responsible for the growth of the market in the Asia Pacific region. China is anticipated to be the major market for vinyl flooring in the region. Moreover, increasing middle-class income among the population in India, China, and Japan has increased the willingness to invest heavily on premium flooring.
The report on global vinyl flooring market covers segments such as product type, and end-user industry. On the basis of product type, the sub-markets include luxury vinyl tiles (LVT), vinyl sheets, and vinyl composite tile. On the basis of end-user industry, the sub-markets include residential, healthcare, education, retail, sport, hospitality, and industrial.
The report provides profiles of the companies in the market such as AFI Licensing LLC, Forbo Holding AG, Mohawk Industries, Inc, TOLI Corporation, Mannington Mills, Inc., CI TAKIRON Corporation, Responsive Industries Ltd., James Halstead PLC, Shaw Industries Group, Inc., Gerflor Group, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of vinyl flooring market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.