Vinyl Flooring Market Product (Luxury Vinyl Tile And Vinyl Sheets & Vinyl Composite Tile), End-user Industry (Residential, Health Care, Retail, Education, Sport, Hospitality, Office, Industrial, And Automotive) - Global Forecast 2019 To 2024

Report Code: CMR 84706 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Vinyl Flooring Market is forecast to reach $78.55 billion by 2025, after growing at a CAGR of 11% during 2020-2025. Due to the rise in renovation and remodeling activities resulting from rapid industrialization and urbanization, the market is projected to witness steady growth in the upcoming years. Rising expenditure in the construction industry, increasing population and raising emphasis on interior decoration are also key factors driving the flooring market's development.

Report Coverage

The report: “Vinyl Flooring Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Vinyl Flooring Market.

 

Key Takeaways

·         Asia-Pacific dominates the vinyl flooring market owing to increasing new housing units, investment in infrastructural projects, remodeling and maintenance activities.

·         The increasing number of DIY projects would fuel market growth due to reduced price of home improvement, the availability of necessary technical skills, and the expansion of supply of DIY products.

·         Adoption of premium products to enhance the overall building structure's esthetic appearance will support the expansion of the flooring business. Increasing disposable incomes and increased socialization are also prompting consumers to spend more on improving their homes

Product - Segment Analysis

Luxury Vinyl Tile held the largest share in the vinyl flooring market in 2019. Luxury vinyl tiles (LVT) developments has similar aesthetics to stone, wood, and ceramic tiles. In addition, the stream in remodeling and renovation activities supported by low lending rates and the change in green building regulations fuel the business expansion from residential applications. The surge in luxury vinyl tile sales had lead its growth where the gain reached 33 percent in 2017. Further, luxury vinyl tile properties such as quality, durability, superior performance, low maintenance, and lower lifecycle cost and ease of installation is making it more preferable across residential sector.

Application - Segment Analysis

Residential sector accounts for the highest market share in the global market. The vinyl flooring has ability to imitate expensive flooring types and less effort makes it a favorable flooring type. The vinyl flooring industry in 2017 continued a steady growth with 3.85% gain in terms of value and 3.2% in terms of volume. The residential replacement sales in 2017 was one of the primary factor responsible for the upsurge of vinyl flooring. In 2017, the household floor coverings spending increased by an estimated 5.5 percent. The residential floor coverings benefited because of increase in residential construction spending. The growth of vinyl floor will remain robust in the next few years.

Geography - Segment Analysis

APAC dominated the vinyl flooring market with a share of more than 44%, followed by North America and Europe. North America and Europe are experiencing high growth in the global market. In order to achieve rapid economic growth, the U.K, Germany , the U.S, China, India, Australia, Japan, Malaysia, Canada, Spain, Indonesia, Brazil, and Italy are investing a huge amount of money in the development of infrastructures such as hospitals, health care and transport. In the international flooring industry, developing economies like China and India play an important role. Due to increased urbanization and strong residential usage, the rapid rate of growth in the construction industry is further anticipated to raise the global market.

Drivers – Vinyl Flooring Market

·         Presence of Innovative Product in Vinyl Flooring

The major innovation in the vinyl flooring sector is the presence of multilayer flooring products. The multilayer flooring products such as wood plastic composite, rigid core, and other hybrid flooring options primarily made up of vinyl is up surging the market. Multilayer flooring reduces pre-installation subfloor preparation costs and efforts, and has greater resistance to humidity and temperature variation which strengthen it position for the residential flooring.

Challenges – Vinyl Flooring Market

·         Lacks of standards and specifications is constraining the market growth

 

Problems arise when standards conflict with specifications and product performance, or lack of standards. There may be a paradox when over-expectation and mis-specification outweigh the capacity of material performance and the struggle to save the resources of the planet. Inspection and consulting work is required due to over-expectation of the product, low-quality workmanship and misconception of the characteristics of product performance. We have entered an exciting, yet challenging, and sometimes frustrating, time with recent technological advances. Materials are becoming stronger, more chemically resistant, more biodegradable, and more recyclable due to new technologies and sustainability. But these positive changes come with unintended consequences and conditions created by complacency with the status quo, naivety, and, unfortunately, ignorance of the subject matter.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the vinyl flooring market. In 2019, the market of vinyl flooring has been consolidated by the top five players accounting for xx% of the share. Major players in the vinyl flooring Market are Armstrong World Industries, Inc., Berkshire Hathaway Inc., CBC Flooring, Congoleum Corporation, Forbo Holding AG, Tarkett S.A., and Mannington Mills, Inc, among others.

Acquisitions/Technology Launches

Ø  In June 2017, Armstrong Flooring Inc. acquired the Vinyl Composition Tile (VCT) business of Mannington Mills. The acquisition will help the Armstrong Flooring Inc. to accommodate the additional vinyl composite tile (VCT) volume.

Ø  In July 2018, Beaulieu International Group (B.I.G.) has announced the acquisition of Beaulieu Canada and Beaulieu Australia (privately-owned companies) which will be integrated into its Flooring Solutions business unit. 

1. Vinyl Flooring Market - Overview
        1.1 Definitions and Scope
2. Vinyl Flooring Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Vinyl Flooring Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Vinyl Flooring Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Vinyl Flooring Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Vinyl Flooring Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Vinyl Flooring Market -Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Vinyl Flooring Market - By Product (Market Size -$Million / $Billion)
        8.1 Market Size and Market Share Analysis
        8.2 Application Revenue and Trend Research
        8.3 Product Segment Analysis
            8.3.1 Luxury Vinyl Tile
            8.3.2 Vinyl Sheet Vinyl Composite Tile
9. Vinyl Flooring Market - By End-User Industry(Market Size -$Million / $Billion)
9.1 Residential
9.2 Healthcare
9.3 Retail
9.4 Education
9.5 Sport
9.6 Hospitality
9.7 Office
9.8 Industrial
9.9 Automotive
10. Vinyl Flooring - By Application (Market Size -$Million / $Billion)
11. Vinyl Flooring- By Geography (Market Size -$Million / $Billion)
11. Vinyl Flooring- By Geography (Market Size -$Million / $Billion)
        11.1 Vinyl Flooring Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Vinyl Flooring- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Vinyl Flooring- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Vinyl Flooring - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Vinyl Flooring - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Vinyl Flooring Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Vinyl Flooring Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Vinyl Flooring Market - Key Company List by Country Premium
15. Vinyl Flooring Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Armstrong Flooring, Inc
        15.3 Berkshire Hathaway Inc
        15.4 Cbc Co , Ltd
        15.5 Congoleum Corporation
        15.6 Forbo Holding Ltd
        15.7 Gerflor
        15.8 Mannington Mills, Inc
        15.9 Mohawk Industries, Inc
        15.10 Novalis Innovative Flooring
        15.11 Tarkett S A
        15.12 Company 12
        15.13 Company 13 & More
*Financials would be provided on a best efforts basis for private companies
16. Vinyl Flooring Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Vinyl Flooring Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Vinyl Flooring Market, By Product Market 2019-2024 ($M)
1.1 Luxury Vinyl Tile Market 2019-2024 ($M) - Global Industry Research
1.2 Vinyl Sheet Vinyl Composite Tile Market 2019-2024 ($M) - Global Industry Research
2.Global Vinyl Flooring Market, By End-User Industry Market 2019-2024 ($M)
2.1 Residential Market 2019-2024 ($M) - Global Industry Research
2.2 Healthcare Market 2019-2024 ($M) - Global Industry Research
2.3 Retail Market 2019-2024 ($M) - Global Industry Research
2.4 Education Market 2019-2024 ($M) - Global Industry Research
2.5 Sport Market 2019-2024 ($M) - Global Industry Research
2.6 Hospitality Market 2019-2024 ($M) - Global Industry Research
2.7 Office Market 2019-2024 ($M) - Global Industry Research
2.8 Industrial Market 2019-2024 ($M) - Global Industry Research
2.9 Automotive Market 2019-2024 ($M) - Global Industry Research
3.Global Vinyl Flooring Market, By Product Market 2019-2024 (Volume/Units)
3.1 Luxury Vinyl Tile Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Vinyl Sheet Vinyl Composite Tile Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Vinyl Flooring Market, By End-User Industry Market 2019-2024 (Volume/Units)
4.1 Residential Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Healthcare Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Retail Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Education Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Sport Market 2019-2024 (Volume/Units) - Global Industry Research
4.6 Hospitality Market 2019-2024 (Volume/Units) - Global Industry Research
4.7 Office Market 2019-2024 (Volume/Units) - Global Industry Research
4.8 Industrial Market 2019-2024 (Volume/Units) - Global Industry Research
4.9 Automotive Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Vinyl Flooring Market, By Product Market 2019-2024 ($M)
5.1 Luxury Vinyl Tile Market 2019-2024 ($M) - Regional Industry Research
5.2 Vinyl Sheet Vinyl Composite Tile Market 2019-2024 ($M) - Regional Industry Research
6.North America Vinyl Flooring Market, By End-User Industry Market 2019-2024 ($M)
6.1 Residential Market 2019-2024 ($M) - Regional Industry Research
6.2 Healthcare Market 2019-2024 ($M) - Regional Industry Research
6.3 Retail Market 2019-2024 ($M) - Regional Industry Research
6.4 Education Market 2019-2024 ($M) - Regional Industry Research
6.5 Sport Market 2019-2024 ($M) - Regional Industry Research
6.6 Hospitality Market 2019-2024 ($M) - Regional Industry Research
6.7 Office Market 2019-2024 ($M) - Regional Industry Research
6.8 Industrial Market 2019-2024 ($M) - Regional Industry Research
6.9 Automotive Market 2019-2024 ($M) - Regional Industry Research
7.South America Vinyl Flooring Market, By Product Market 2019-2024 ($M)
7.1 Luxury Vinyl Tile Market 2019-2024 ($M) - Regional Industry Research
7.2 Vinyl Sheet Vinyl Composite Tile Market 2019-2024 ($M) - Regional Industry Research
8.South America Vinyl Flooring Market, By End-User Industry Market 2019-2024 ($M)
8.1 Residential Market 2019-2024 ($M) - Regional Industry Research
8.2 Healthcare Market 2019-2024 ($M) - Regional Industry Research
8.3 Retail Market 2019-2024 ($M) - Regional Industry Research
8.4 Education Market 2019-2024 ($M) - Regional Industry Research
8.5 Sport Market 2019-2024 ($M) - Regional Industry Research
8.6 Hospitality Market 2019-2024 ($M) - Regional Industry Research
8.7 Office Market 2019-2024 ($M) - Regional Industry Research
8.8 Industrial Market 2019-2024 ($M) - Regional Industry Research
8.9 Automotive Market 2019-2024 ($M) - Regional Industry Research
9.Europe Vinyl Flooring Market, By Product Market 2019-2024 ($M)
9.1 Luxury Vinyl Tile Market 2019-2024 ($M) - Regional Industry Research
9.2 Vinyl Sheet Vinyl Composite Tile Market 2019-2024 ($M) - Regional Industry Research
10.Europe Vinyl Flooring Market, By End-User Industry Market 2019-2024 ($M)
10.1 Residential Market 2019-2024 ($M) - Regional Industry Research
10.2 Healthcare Market 2019-2024 ($M) - Regional Industry Research
10.3 Retail Market 2019-2024 ($M) - Regional Industry Research
10.4 Education Market 2019-2024 ($M) - Regional Industry Research
10.5 Sport Market 2019-2024 ($M) - Regional Industry Research
10.6 Hospitality Market 2019-2024 ($M) - Regional Industry Research
10.7 Office Market 2019-2024 ($M) - Regional Industry Research
10.8 Industrial Market 2019-2024 ($M) - Regional Industry Research
10.9 Automotive Market 2019-2024 ($M) - Regional Industry Research
11.APAC Vinyl Flooring Market, By Product Market 2019-2024 ($M)
11.1 Luxury Vinyl Tile Market 2019-2024 ($M) - Regional Industry Research
11.2 Vinyl Sheet Vinyl Composite Tile Market 2019-2024 ($M) - Regional Industry Research
12.APAC Vinyl Flooring Market, By End-User Industry Market 2019-2024 ($M)
12.1 Residential Market 2019-2024 ($M) - Regional Industry Research
12.2 Healthcare Market 2019-2024 ($M) - Regional Industry Research
12.3 Retail Market 2019-2024 ($M) - Regional Industry Research
12.4 Education Market 2019-2024 ($M) - Regional Industry Research
12.5 Sport Market 2019-2024 ($M) - Regional Industry Research
12.6 Hospitality Market 2019-2024 ($M) - Regional Industry Research
12.7 Office Market 2019-2024 ($M) - Regional Industry Research
12.8 Industrial Market 2019-2024 ($M) - Regional Industry Research
12.9 Automotive Market 2019-2024 ($M) - Regional Industry Research
13.MENA Vinyl Flooring Market, By Product Market 2019-2024 ($M)
13.1 Luxury Vinyl Tile Market 2019-2024 ($M) - Regional Industry Research
13.2 Vinyl Sheet Vinyl Composite Tile Market 2019-2024 ($M) - Regional Industry Research
14.MENA Vinyl Flooring Market, By End-User Industry Market 2019-2024 ($M)
14.1 Residential Market 2019-2024 ($M) - Regional Industry Research
14.2 Healthcare Market 2019-2024 ($M) - Regional Industry Research
14.3 Retail Market 2019-2024 ($M) - Regional Industry Research
14.4 Education Market 2019-2024 ($M) - Regional Industry Research
14.5 Sport Market 2019-2024 ($M) - Regional Industry Research
14.6 Hospitality Market 2019-2024 ($M) - Regional Industry Research
14.7 Office Market 2019-2024 ($M) - Regional Industry Research
14.8 Industrial Market 2019-2024 ($M) - Regional Industry Research
14.9 Automotive Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Vinyl Flooring Market Revenue, 2019-2024 ($M)
2.Canada Vinyl Flooring Market Revenue, 2019-2024 ($M)
3.Mexico Vinyl Flooring Market Revenue, 2019-2024 ($M)
4.Brazil Vinyl Flooring Market Revenue, 2019-2024 ($M)
5.Argentina Vinyl Flooring Market Revenue, 2019-2024 ($M)
6.Peru Vinyl Flooring Market Revenue, 2019-2024 ($M)
7.Colombia Vinyl Flooring Market Revenue, 2019-2024 ($M)
8.Chile Vinyl Flooring Market Revenue, 2019-2024 ($M)
9.Rest of South America Vinyl Flooring Market Revenue, 2019-2024 ($M)
10.UK Vinyl Flooring Market Revenue, 2019-2024 ($M)
11.Germany Vinyl Flooring Market Revenue, 2019-2024 ($M)
12.France Vinyl Flooring Market Revenue, 2019-2024 ($M)
13.Italy Vinyl Flooring Market Revenue, 2019-2024 ($M)
14.Spain Vinyl Flooring Market Revenue, 2019-2024 ($M)
15.Rest of Europe Vinyl Flooring Market Revenue, 2019-2024 ($M)
16.China Vinyl Flooring Market Revenue, 2019-2024 ($M)
17.India Vinyl Flooring Market Revenue, 2019-2024 ($M)
18.Japan Vinyl Flooring Market Revenue, 2019-2024 ($M)
19.South Korea Vinyl Flooring Market Revenue, 2019-2024 ($M)
20.South Africa Vinyl Flooring Market Revenue, 2019-2024 ($M)
21.North America Vinyl Flooring By Application
22.South America Vinyl Flooring By Application
23.Europe Vinyl Flooring By Application
24.APAC Vinyl Flooring By Application
25.MENA Vinyl Flooring By Application
26.Armstrong Flooring, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Berkshire Hathaway Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Cbc Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Congoleum Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Forbo Holding Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Gerflor, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Mannington Mills, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Mohawk Industries, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Novalis Innovative Flooring, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Tarkett S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)