According to IMARC Group’s latest report, titled “Vinyl Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″, the global market reached a volume of 1,172 Million Sq. Meters in 2020. Vinyl flooring or resilient flooring is a complex combination of natural and synthetic polymer materials, which are placed in repeating structural units. The resilient flooring is stain and water-resistant and highly cost-effective when compared with other flooring variants. Vinyl also exhibits several features, such as flexible handling, durability, and design possibilities, which is significantly increasing its demand in schools, hospitals, houses, and offices. The flooring also reduces impact noise, due to which it is extensively used as an alternative to higher-maintenance flooring.
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The vinyl flooring market is primarily driven by the rising investments in luxurious housing projects and significantly increasing consumer expenditure power. Additionally, the key players are heavily investing in textural techniques and advanced printing to imitate the look of several flooring options, such as hardwood, marble, and stone, which is another factor considerably driving the market growth. Apart from this, the growing focus on social status and the cost-effectiveness of vinyl flooring are creating a positive outlook for the market across the globe. Looking forward, IMARC Group expects the vinyl flooring market to grow at a CAGR of 5.1% during 2021-2026.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
- Tarkett
- Mohawk
- Armstrong World Industries Inc.
- Shaw Industries Inc.
- Mannington Mills Inc.
- Beaulieu International Group
- Gerflor
- Forbo
Market Segmentation:
Breakup by Sector:
- Residential
- Commercial
Breakup by Product Type:
- Vinyl Sheet
- Luxury Vinyl Tile (LVT)
- Vinyl Composition Tile (VCT)
Regional Insights:
- Asia-Pacific
- North America
- Western Europe
- Eastern Europe
- Latin America
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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