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Vinyl Flooring Market is Projected to Reach US$ 41,578.7 Mn By the End of 2028


News provided by

Future Market Insights

19 Jul, 2018, 11:30 GMT

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VALLEY COTTAGE, New York, July 19, 2018 /PRNewswire/ --

Future Market Insights' newly published market report, "Vinyl Flooring Market: Global Industry Analysis and Forecast, 2018-2028," examines the vinyl flooring market and offers crucial market insights for the next ten years. 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 7.1% during the forecast period (2018 - 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$ 41,578.7 Mn by the end of 2028.

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)

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-548

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

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/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.

View Report Preview at Vinyl Flooring Market Segmentation: By basis of format - Sheet, Plank, Tile; Product Type - Inlaid, Printed; Basis of application - Residential, Commercial (Healthcare, Hospitality, Retail & Offices), Industrial: https://www.futuremarketinsights.com/reports/vinyl-flooring-market

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.

Browse More: Chemicals & Materials Market Insights

More from FMI's Cutting-edge Intelligence: 

  • Dicamba Market By Application - Agriculture, Lawn & Turf, Others (Forests, gardens & plants, other non-commercial applications): https://www.futuremarketinsights.com/reports/dicamba-market
  • South Africa Corrosion Protective Coatings and Acid Proof Lining Market Segmentation By End-Use - Marine Industry, Oil & Gas Industry, Power Generation Industry, Transportation Industry, Chemicals Industry, Mining and Metallurgy Industry, Water Treatment Industry; By Product Type - Polymer Coatings, Rubber Lining Systems And Acid Proof Linings: https://www.futuremarketinsights.com/reports/south-africa-corrosion-protective-coatings-and-acid-proof-lining-market
  • Electrical Insulation Materials Market Segmentation Material - Thermoplastics, Epoxy Resins, Ceramics, Fibre Glass Composites, Others; Application - Wires & Cables, Motors & Generators, Transformers, Others: https://www.futuremarketinsights.com/reports/electrical-insulation-materials-market

About Us 

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI's research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

Contact
Mr. Sudip Saha
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44(0)20-7692-8790
Sales: sales@futuremarketinsights.com
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FMI Blog: http://www.fmiblog.com/

Website: http://www.futuremarketinsights.com

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