North America vinyl flooring
market is projected to account for 14.4% of the total market share
in 2022. The luxury vinyl tiles segment is expected to
lead this market during the forecast period. Rising Constriction of
Offices and Hospitals to Fuel the Vinyl Sheets Market
NEWARK, Del., July 25, 2022 /PRNewswire/ -- Future Market
Insights' newly published market report, 'Vinyl Flooring Market:
Global Industry Analysis and Forecast, 2022-2028,' examines the
vinyl flooring market and offers crucial market insights for the
next ten years.
The valuable insights encapsulated in the report highlights that
the plank segment is expected to remain a leading segment in the
market in terms of format, recording a CAGR of 6.8% during the
forecast period (2022 – 2028).
In addition, the segment is expected to account for around 40.0%
share of the overall market value throughout forecast period.
Globally, the vinyl flooring market is projected to reach
US$ 41,578.70 Mn by the end of
2028.
Request a Sample of this Report at
https://www.futuremarketinsights.com/reports/sample/rep-gb-548
Global Vinyl Flooring Market: Key Dynamics
Increasing number of infrastructural activities in both
developing and developed countries have continued to contribute
towards growth of the global vinyl flooring market. To offer
versatile, water-proof and stain-resistant floorings, prominent
manufacturers are focusing on utilizing digital printing and 3D
printing techniques for developing vinyl planks and products.
These technological advancements enable the end users to
duplicate any original material, such as gravel, wood, metal and
others. For instance, Tarkett in collaboration with Philip lighting
has launched LED embedded tiles that can guide people to any
location (store/building)
With the increasing number of small and medium business, demand
for infrastructure continues to persist. In addition, constructors
are focusing on building healthcare infrastructures near the
residential areas.
In pace with the increasing number of construction projects,
growth of the vinyl flooring market is likely to gain a speedy
momentum during the assessment period.
To offer convenience to the end users in the residential
industry, leading manufacturers are focusing on developing a wide
array of vinyl flooring that are waterproof and easy to clean.
Also, vinyl flooring is considered as decorative flooring due to
the recent upgrades, such as resemblance to ceramic or other
contemporary looks (petrified wood or stained concrete). Also,
vinyl flooring is preferred for high-traffic areas as it is
durable, trendy and available with built-in adhesive
Ask An Analyst at
https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-548
Global Vinyl Flooring Market: Forecast
On the basis of vinyl flooring application, the commercial
segment is expected to witness significant growth in terms of
volume during the forecast period.
As per the forecast, the commercial segment is estimated to
account for more than 56.5% share in the overall market value by
the end of the forecast period. This is largely due to the massive
applications of vinyl flooring in various innovative
constructions.
On the basis of region, Western
Europe is anticipated to dominate the global vinyl flooring
market throughout the forecast period. Western Europe market is expected to expand at
around 7.3% CAGR. SEA & Pacific region is anticipated to record
robust CAGR in the global vinyl flooring market throughout
2028.
These two regions coupled with North
America and China are
expected to register impressive growth rates in the global vinyl
flooring market over the assessment period.
Global Vinyl Flooring Market: Competitive Landscape
Some of the players identified in the global vinyl flooring
market include Tarkett, AFI Licensing LLC, Mohawk Industries, Inc.,
Forbo Group, C.I. TAKIRON Corporation, Responsive Industries Ltd.,
TOLI Corporation, JAMES HALSTEAD PLC, Interface, Inc., Mannington
Mills, Inc., Gerflor, Shaw Industries Group, Inc. and among others.
Leading players are focusing on incorporating advanced technology
to optimize their performance.
Vinyl flooring manufacturers are concentrating on strategic
acquisitions to broaden their growth prospects in the competitive
market. These factors are expected to reflect positively on the
growth of the global vinyl flooring market over the coming
years.
Request Methodology at
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-548
Vinyl Flooring Market by Category
Format:
Product Type:
Application:
- Residential
- Commercial
-
- Healthcare
- Hospitality
- Retail & Offices
- Others
- Industrial
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South East Asia and
Pacific
- China
- India
- Japan
- Middle East and Africa
Request Brochure at
https://www.futuremarketinsights.com/reports/brochure/rep-gb-548
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Background
3.1. Macro-Economic Factors
3.2. Porter's Five Force Analysis
3.3. Supply Chain
3.4. Market Dynamics
4. Market Forecast
4.1. Market Volume (Mn. Sq. ft.) Projections
4.2. Pricing Analysis
4.3. Market Size Projections
4.3.1. Y-o-Y Projections
4.3.2. Absolute $ Opportunity Analysis
5. Global Vinyl Flooring Market Analysis 2013–2021 and
Forecast 2022–2028, by Format
TOC continued..!
About the Chemicals & Materials Division at Future Market
Insights
The chemicals & materials team at Future Market
Insights offers expert analysis, time efficient research, and
strategic recommendations with an objective to provide authentic
insights and accurate results to help clients worldwide. With a
repertoire of over 100+ reports and 1 million+ data points, the
team has been analyzing the industry lucidly in 50+ countries for
over a decade. The team provides a brief analysis on key trends
including competitive landscape, profit margin, and research
development efforts.
Old Source Link:
https://www.prnewswire.com/news-releases/vinyl-flooring-market-is-projected-to-reach-us-41-578-7-mn-by-the-end-of-2028-803208326.html
Have a Look at Chemicals &
Materials Domain Related Research Reports:
Textile Flooring Market Growth - The global textile
flooring market valuation is estimated to exceed US$
190.26 Bn by the end of 2022. Surging demand for luxury floor
covering products such as carpets and rugs owing to the booming
commercial and residential sectors is expected to bolster the
growth in the market.
Wood Plastic Composite (WPC) Floorings Market Size - Expanding
at a remarkable CAGR of 7.0%, the global sales of WPC floorings is
expected to increase from a valuation of US$
2,088.6 Mn in 2022 to US$ 3,643.3
Mn by the end of 2030.
Cocoa Based Polyphenols Market Share - The global cocoa
based polyphenols market is estimated to worth around US$
87.1 Million by the year 2022, accelerating with a CAGR of
5.8% by 2022-2032.
Activated Bleaching Earth Market Sales - The
global activated bleaching earth market is expected to
reach a market valuation of US$ 2.46 Billion by the year 2022,
accelerating with a moderate CAGR of 5% during 2022-2032.
Middle East and Africa
Bio-Stimulants Market Value - The Middle East &
Africa market of
bio-stimulants is currently valued at around US$ 73,132.5
Th, and is anticipated to reach US$ 144,596.0 Th by
2030.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research
organization and a member of Greater New
York Chamber of Commerce) provides in-depth insights into
governing factors elevating the demand in the market. It discloses
opportunities that will favor the market growth in various segments
on the basis of Source, Application, Sales Channel and End Use over
the next 6-years.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware -
19713, USA
T: +1-845-579-5705
For Sales
Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
Report:
https://www.futuremarketinsights.com/reports/vinyl-flooring-market
LinkedIn| Twitter| Blogs
Logo: https://mma.prnewswire.com/media/1197648/FMI_Logo.jpg