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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
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.
1.1 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
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 / $Billion)
11.10.1 Segment type Size and Market Size Analysis
11.10.2 Revenue and Trend Analysis
11.10.3 Application Revenue and Trends by type of Application
11.10.4 Company Revenue and Product Analysis
11.10.5 Middle East Segment Product type and Application Market Size
11.10.5.1 Israel
11.10.5.2 Saudi Arabia
11.10.5.3 UAE
11.10.6 Africa Segment Analysis
11.10.6.1 South Africa
11.10.6.2 Rest of Middle East & Africa
12. Vinyl Flooring Market - Entropy
12.1 New product launches
12.2 M&A s, collaborations, JVs and partnerships
13. Vinyl Flooring Market - Industry / Segment Competition landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Country- Top companies
13.1.2 Market Share by Region- Top 10 companies
13.1.3 Market Share by type of Application - Top 10 companies
13.1.4 Market Share by type of Product / Product category- Top 10 companies
13.1.5 Market Share at global level - Top 10 companies
13.1.6 Best Practises for companies
14. Vinyl Flooring Market - Key Company List by Country Premium
15. Vinyl Flooring Market Company Analysis
15.1 Market Share, Company Revenue, Products, M&A, Developments
15.2 Armstrong Flooring, Inc
15.3 Berkshire Hathaway Inc
15.4 Cbc Co , Ltd
15.5 Congoleum Corporation
15.6 Forbo Holding Ltd
15.7 Gerflor
15.8 Mannington Mills, Inc
15.9 Mohawk Industries, Inc
15.10 Novalis Innovative Flooring
15.11 Tarkett S A
15.12 Company 12
15.13 Company 13 & More
16.1 Abbreviations
16.2 Sources
17. Vinyl Flooring Market - Methodology
17.1 Research Methodology
17.1.1 Company Expert Interviews
17.1.2 Industry Databases
17.1.3 Associations
17.1.4 Company News
17.1.5 Company Annual Reports
17.1.6 Application Trends
17.1.7 New Products and Product database
17.1.8 Company Transcripts
17.1.9 R&D Trends
17.1.10 Key Opinion Leaders Interviews
17.1.11 Supply and Demand Trends
LIST OF TABLES
1.Global Vinyl Flooring Market, By Product Market 2019-2024 ($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)