According to a market report by Lucintel, the future of the Vinyl Flooring in the Global Construction market looks promising with opportunities in residential and non-residential applications. The global vinyl flooring in the global construction market is expected to reach an estimated $28 billion by 2030 from $19 billion in 2023, at a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are growth in residential construction and renovation activities.
A more than 150-page
report to understand trends,
opportunity and forecast in Vinyl Flooring in the Global Construction market to
2030 by product (vinyl sheet, luxury vinyl tile, and vinyl composite tile), end
use (residential and non-residential), and region (North America, Europe, Asia
Pacific, and the Rest of the World).
Lucintel forecasts that the vinyl sheet will remain the largest segment
over the forecast period due to their superior properties such as
water-resistance, slip resistance, and ease of maintenance.
Within this market, vinyl flooring for non-residential will remain the
largest segment during the forecast period due to the increase in demand for
luxury vinyl tiles in non-residential buildings, such as offices, hotels,
educational institutions, and hospitals.
APAC will remain the largest region due to the growth in the construction
industry and changing lifestyle. North America is expected to witness the
highest growth over the forecast period due to rising investments in
single-family constructions in this region.
Download sample by clicking on Vinyl
Flooring in the Global Construction market.
Shaw Industries, Tarkett, Mohawk Industries, Gerflor, Mannington Mills are
the major suppliers in the vinyl flooring in the global construction market.
This unique 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 write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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