According to
a new market report published by Lucintel, the future of the global vinyl
flooring market looks good with opportunities in the residential and commercial
building construction markets. The global vinyl flooring market is forecast to
grow at a CAGR of 3.3% from 2015 to 2020. The major drivers for this market are
the growth of the global construction industry and renovation activities. Vinyl
floor are durable, easy to maintain and more moisture-resistant than many
alternative materials.
In this
market, vinyl sheet, luxury vinyl tiles, and vinyl
composition tiles are some of the major product forms used for residential and
commercial construction applications. Vinyl sheet is the largest segment by
product forms and is expected to remain the same during the forecast period. Lucintel
predicts that the demand for luxury vinyl tiles is likely to experience the
highest growth during the forecast period supported by their aesthetic feature,
durability, minimal maintenance requirements, and ease in installation
properties. On the basis of
comprehensive research, Lucintel forecasts that the residential segment is
expected to show above average growth during the forecast period.
Within the vinyl flooring in construction industry, the commercial segment is expected to remain
the largest market. Increasing demand for vinyl flooring in hospitals, offices,
hotels, and educational institutes is expected to spur growth for this segment
over the forecast period.
APAC is expected to remain the largest market due
to the growth in the construction industry and changing lifestyle.
North America is expected to witness the
highest growth over the forecast period because of growing residential and
commercial construction activities.
For market expansion, the report suggests innovation
and new product development where the unique characteristics of vinyl
flooring can be capitalized. Some of the innovation areas in vinyl
flooring could be in achieving higher strength, better aesthetics, and technological
features.
Emerging trends in the global vinyl flooring market,
which have a direct impact on the dynamics of the industry, include increasing
demand for tiles with eco-friendly and easy to install properties. Tarkett,
Shaw Industries, Inc., Mohawk Industries, Inc., Mannington Mills, Inc., and
Armstrong World Industries, Inc. are among the major suppliers of vinyl
flooring. Some companies are opting for M&A as a strategic initiative for
driving growth.
Lucintel, a leading global strategic consulting
and market
research firm, has
analyzed the global vinyl flooring market by end use industry, product type,
and region and has come up with a comprehensive research report, “Opportunities
for Vinyl Flooring in the Global Construction Industry 2015-2020: Trends,
Forecast, and Opportunity Analysis.” The
Lucintel report serves as a springboard for growth strategies, as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The study
includes forecasts for the global vinyl flooring market through 2020, segmented
by end use industry, product type, and region as follows:
By end use industry [$ million market size
analysis from 2009 to 2020]:
·
Residential
·
Commercial
By product type [$ million market size
analysis from 2009 to 2020]:
·
Vinyl Sheet
·
Luxury Vinyl Tile (LVT)
·
Vinyl Composition Tile (VCT)
By region [value ($ million) and volume (million sq mt) market
size analysis for 2009 to 2020]:
·
North America
·
Europe
·
Asia Pacific
·
Rest of the World
This 216-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click
on this link http://www.lucintel.com/reports/construction/opportunities_for_vinyl_flooring_in_the_global_building_construction_market_2015_2020_trends_forecast_and_opportunity_analysis_december_2015.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management
consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due
diligence services to
executives and key decision-makers in a variety of industries. For further
information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q. 1. How big are the opportunities for vinyl
flooring in the construction industry by applications and regions?
Q.
2. Which segments will grow at a faster pace and why?
Q. 3.
Which regions will grow at a faster pace and why?
Q.4.
What are the key factors affecting market dynamics? What are the drivers,
challenges, and business risks to the market?
Q.5. What are the business risks and threats
to the market?
Q.6. What are emerging trends in this market
and reasons behind them?
Q.7. What are some changing demands of
customers in the market?
Q.8. What are the new developments in the
market? Which companies are leading these developments?
Q.9. Who are the major players in this
market? What strategic initiatives are being implemented by key players for
business growth?
Q.10. How is the competitive rivalry and threat
of substitution in this market?
Q.11. What are the recent M &
A activities in the past 2-3 years in this market? What reasons can be
attributed to these activities and how have they impacted the industry?
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