According to IMARC Group’s latest report, titled “Vinyl Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-20
According to IMARC Group’s latest report, titled “Vinyl Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, 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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Vinyl flooring, also referred to as resilient flooring, is a construction material that is made by combining natural and synthetic polymer materials. The flooring is placed in repeating structural units and provides resistance against water and stains. Vinyl flooring offers numerous benefits over conventional flooring materials, such as cost-effectiveness, higher durability, flexible handling, numerous design possibilities, etc. As a result, it is usually installed across hospitals, schools, offices, houses, etc.
The expanding construction sector, along with the increasing number of modern housing projects, is currently driving the demand for vinyl flooring. Furthermore, the growing availability of advanced print and textural techniques that make vinyl flooring imitate the look of numerous flooring options, such as hardwood, stone, marble, etc., is also propelling the market growth. Besides this, several manufacturers are focusing on simplification of the installation process by introducing self-adhesive tiles, interlocking tiles and planks, glue-down tiles and planks, loose lay planks, etc. All of these above-mentioned factors will continue to drive the global market for vinyl flooring in the coming years.
Vinyl Flooring Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the vinyl flooring market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Armstrong World Industries Inc.
- Shaw Industries Inc.
- Mannington Mills Inc.
- Beaulieu International Group
The report has segmented the global vinyl flooring market on the basis of product type, sector, and region.
Breakup by Product Type:
- Vinyl sheet
- Luxury vinyl tile (LVT)
- Vinyl composition tile (VCT)
Breakup by Sector:
Breakup by Region:
- North America
- South America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Drivers and Success Factors
- Market Trends
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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