Vinyl Flooring Market
Vinyl Flooring Market Forecasts to 2028 – Global Analysis By Product, Format, Material Type, Sector, Price Category, Distribution Channel, Component Type, Type, End User and By Geography
According to Stratistics MRC, the Global Vinyl Flooring Market is accounted for $29.53 billion in 2020 and is expected to reach $60.59 billion by 2028 growing at a CAGR of 9.4% during the forecast period. Some of the factors such as strong growth in commercial real estate and superior properties of vinyl flooring are propelling the market growth. However, stringent regulations on vinyl are hampering the market growth.
Vinyl flooring is a finished flooring material predominately prepared from a combination of limestone-based material mixed with composites of natural and synthetic polymer materials such as polyvinyl chloride and plasticizers. It is the type of robust and resilient flooring, which is primarily used in construction applications related to commercial and residential projects.
Based on the end user, the commercial segment is estimated to have a lucrative growth due to the increasing influence of designers and architects for the use of vinyl flooring. Easy cleaning and sterilization and stylish designs and slip & water resistance offered by these products are likely to propel their demand in the commercial segment over the forecast period.
By geography, the Asia Pacific is going to have lucrative growth during the forecast period. China has been the largest construction market in the region, as well as the largest consumer for vinyl flooring. However, changing consumer preferences that demand variation in the product and better designs are likely to have a positive impact on market growth.
Some of the key players profiled in the Vinyl Flooring Market include Tarkett, Shaw Industries Group, Inc., Responsive Industries Ltd., Congoleum Corporation, Novalis Innovative Flooring, Mannington Mills, James Halstead PLC, CBC Group, Gerflor, Forbo Holding, Fatra, Polyflor Ltd., CI TAKIRON Corporation, Interface, Inc., Beaulieu International Group, and Armstrong World Industries.
Products Covered:
• Luxury Vinyl Tiles (LVT)
• Vinyl Sheets
• Vinyl Composition Tile (VCT)
• Carpets
Formats Covered:
• Plank
• Sheet
• Tile
Material Types Covered:
• Stone Plastic Composite
• Wood Plastic Composite
• Traditional Luxury Vinyl Tiles
Sectors Covered:
• Organised
• Unorganised
Price Categories Covered:
• Premium
• Economy
• Budget
Distribution Channels Covered:
• Direct Selling/Contractors
• Dealers or Distributors Network
• Home Centres
Component Types Covered:
• Trace Stabilizers
• Plasticizers
• Polyvinyl Chloride (or Vinyl) Resins
• Carrier Sheet or Backing
• Pigments
Types Covered:
• Enhanced Urethane Type
• Urethane Type
• Vinyl No Wax Type
End Users Covered:
• Commercial
• Industrial
• Residential
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Vinyl Flooring Market, By Product
5.1 Introduction
5.2 Luxury Vinyl Tiles (LVT)
5.3 Vinyl Sheets
5.3.1 Inlaid
5.3.2 Printed Vinyl
5.4 Vinyl Composition Tile (VCT)
5.5 Carpets
6 Global Vinyl Flooring Market, By Format
6.1 Introduction
6.2 Plank
6.3 Sheet
6.4 Tile
7 Global Vinyl Flooring Market, By Material Type
7.1 Introduction
7.2 Stone Plastic Composite
7.3 Wood Plastic Composite
7.4 Traditional Luxury Vinyl Tiles
8 Global Vinyl Flooring Market, By Sector
8.1 Introduction
8.2 Organised
8.3 Unorganised
9 Global Vinyl Flooring Market, By Price Category
9.1 Introduction
9.2 Premium
9.3 Economy
9.4 Budget
10 Global Vinyl Flooring Market, By Distribution Channel
10.1 Introduction
10.2 Direct Selling/Contractors
10.3 Dealers or Distributors Network
10.4 Home Centres
11 Global Vinyl Flooring Market, By Component Type
11.1 Introduction
11.2 Trace Stabilizers
11.3 Plasticizers
11.4 Polyvinyl Chloride (or Vinyl) Resins
11.5 Carrier Sheet or Backing
11.6 Pigments
12 Global Vinyl Flooring Market, By Type
12.1 Introduction
12.2 Enhanced Urethane Type
12.3 Urethane Type
12.4 Vinyl No Wax Type
13 Global Vinyl Flooring Market, By End User
13.1 Introduction
13.2 Commercial
13.2.1 Healthcare
13.2.2 Hospitality
13.2.3 Retail
13.2.4 Offices/Corporate
13.2.5 Education
13.2.6 Sport
13.3 Industrial
13.3.1 Transportation Equipment & Nonbuilding
13.3.2 Automotive
13.4 Residential
14 Global Vinyl Flooring Market, By Geography
14.1 Introduction
14.2 North America
14.2.1 US
14.2.2 Canada
14.2.3 Mexico
14.3 Europe
14.3.1 Germany
14.3.2 UK
14.3.3 Italy
14.3.4 France
14.3.5 Spain
14.3.6 Rest of Europe
14.4 Asia Pacific
14.4.1 Japan
14.4.2 China
14.4.3 India
14.4.4 Australia
14.4.5 New Zealand
14.4.6 South Korea
14.4.7 Rest of Asia Pacific
14.5 South America
14.5.1 Argentina
14.5.2 Brazil
14.5.3 Chile
14.5.4 Rest of South America
14.6 Middle East & Africa
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3 Qatar
14.6.4 South Africa
14.6.5 Rest of Middle East & Africa
15 Key Developments
15.1 Agreements, Partnerships, Collaborations and Joint Ventures
15.2 Acquisitions & Mergers
15.3 New Product Launch
15.4 Expansions
15.5 Other Key Strategies
16 Company Profiling
16.1 Tarkett
16.2 Shaw Industries Group, Inc.
16.3 Responsive Industries Ltd.
16.4 Congoleum Corporation
16.5 Novalis Innovative Flooring
16.6 Mannington Mills
16.7 James Halstead PLC
16.8 CBC Group
16.9 Gerflor
16.10 Forbo Holding
16.11 Fatra
16.12 Polyflor Ltd.
16.13 CI TAKIRON Corporation
16.14 Interface, Inc.
16.15 Beaulieu International Group
16.16 Armstrong World Industries
List of Tables
1 Global Vinyl Flooring Market Outlook, By Region (2019-2028) ($MN)
2 Global Vinyl Flooring Market Outlook, By Product (2019-2028) ($MN)
3 Global Vinyl Flooring Market Outlook, By Luxury Vinyl Tiles (LVT) (2019-2028) ($MN)
4 Global Vinyl Flooring Market Outlook, By Vinyl Sheets (2019-2028) ($MN)
5 Global Vinyl Flooring Market Outlook, By Inlaid (2019-2028) ($MN)
6 Global Vinyl Flooring Market Outlook, By Printed Vinyl (2019-2028) ($MN)
7 Global Vinyl Flooring Market Outlook, By Vinyl Composition Tile (VCT) (2019-2028) ($MN)
8 Global Vinyl Flooring Market Outlook, By Carpets (2019-2028) ($MN)
9 Global Vinyl Flooring Market Outlook, By Format (2019-2028) ($MN)
10 Global Vinyl Flooring Market Outlook, By Plank (2019-2028) ($MN)
11 Global Vinyl Flooring Market Outlook, By Sheet (2019-2028) ($MN)
12 Global Vinyl Flooring Market Outlook, By Tile (2019-2028) ($MN)
13 Global Vinyl Flooring Market Outlook, By Material Type (2019-2028) ($MN)
14 Global Vinyl Flooring Market Outlook, By Stone Plastic Composite (2019-2028) ($MN)
15 Global Vinyl Flooring Market Outlook, By Wood Plastic Composite (2019-2028) ($MN)
16 Global Vinyl Flooring Market Outlook, By Traditional Luxury Vinyl Tiles (2019-2028) ($MN)
17 Global Vinyl Flooring Market Outlook, By Sector (2019-2028) ($MN)
18 Global Vinyl Flooring Market Outlook, By Organised (2019-2028) ($MN)
19 Global Vinyl Flooring Market Outlook, By Unorganised (2019-2028) ($MN)
20 Global Vinyl Flooring Market Outlook, By Price Category (2019-2028) ($MN)
21 Global Vinyl Flooring Market Outlook, By Premium (2019-2028) ($MN)
22 Global Vinyl Flooring Market Outlook, By Economy (2019-2028) ($MN)
23 Global Vinyl Flooring Market Outlook, By Budget (2019-2028) ($MN)
24 Global Vinyl Flooring Market Outlook, By Distribution Channel (2019-2028) ($MN)
25 Global Vinyl Flooring Market Outlook, By Direct Selling/Contractors (2019-2028) ($MN)
26 Global Vinyl Flooring Market Outlook, By Dealers or Distributors Network (2019-2028) ($MN)
27 Global Vinyl Flooring Market Outlook, By Home Centres (2019-2028) ($MN)
28 Global Vinyl Flooring Market Outlook, By Component Type (2019-2028) ($MN)
29 Global Vinyl Flooring Market Outlook, By Trace Stabilizers (2019-2028) ($MN)
30 Global Vinyl Flooring Market Outlook, By Plasticizers (2019-2028) ($MN)
31 Global Vinyl Flooring Market Outlook, By Polyvinyl Chloride (or Vinyl) Resins (2019-2028) ($MN)
32 Global Vinyl Flooring Market Outlook, By Carrier Sheet or Backing (2019-2028) ($MN)
33 Global Vinyl Flooring Market Outlook, By Pigments (2019-2028) ($MN)
34 Global Vinyl Flooring Market Outlook, By Type (2019-2028) ($MN)
35 Global Vinyl Flooring Market Outlook, By Enhanced Urethane Type (2019-2028) ($MN)
36 Global Vinyl Flooring Market Outlook, By Urethane Type (2019-2028) ($MN)
37 Global Vinyl Flooring Market Outlook, By Vinyl No Wax Type (2019-2028) ($MN)
38 Global Vinyl Flooring Market Outlook, By End User (2019-2028) ($MN)
39 Global Vinyl Flooring Market Outlook, By Commercial (2019-2028) ($MN)
40 Global Vinyl Flooring Market Outlook, By Healthcare (2019-2028) ($MN)
41 Global Vinyl Flooring Market Outlook, By Hospitality (2019-2028) ($MN)
42 Global Vinyl Flooring Market Outlook, By Retail (2019-2028) ($MN)
43 Global Vinyl Flooring Market Outlook, By Offices/Corporate (2019-2028) ($MN)
44 Global Vinyl Flooring Market Outlook, By Education (2019-2028) ($MN)
45 Global Vinyl Flooring Market Outlook, By Sport (2019-2028) ($MN)
46 Global Vinyl Flooring Market Outlook, By Industrial (2019-2028) ($MN)
47 Global Vinyl Flooring Market Outlook, By Transportation Equipment & Nonbuilding (2019-2028) ($MN)
48 Global Vinyl Flooring Market Outlook, By Automotive (2019-2028) ($MN)
49 Global Vinyl Flooring Market Outlook, By Residential (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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