Vinyl Flooring In The Construction Market Is Anticipated To Grow At A Cagr Of 4.3% During 2020-2025

By Author: Lucintel LLC
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The global vinyl flooring in the construction market is projected to reach $18.1 billion by 2025, at a CAGR of 4.3% during 2020-2025. The growth of vinyl flooring in the construction market is driven by growth in residential construction and renovation activities.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the vinyl flooring in the construction market 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)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the vinyl flooring in the construction market?
Q.4 What are some changing demands of customers in the vinyl flooring in the construction market?
Q.5 What are the new developments in the vinyl flooring in the construction market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
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... Q.7 What are some of the competitive products and processes in this vinyl flooring in the construction area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this vinyl flooring in the construction market?
Emerging trends, which have a direct impact on the dynamics of the industry, include growing adoption of loose lay flooring - an innovative form of luxury vinyl tile and increasing demand for phthalate-free vinyl flooring.
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Market Segmentation:
Based on product, the vinyl flooring in the construction market is segmented into vinyl sheet, luxury vinyl tile, and vinyl composite tile. The vinyl sheet segment is accounted for the largest share of the market in 2020 due to their superior properties such as water-resistance, slip resistance, and ease of maintenance.
Asia Pacific is expected to be the largest region over the forecast period 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.
Key Players in the Vinyl flooring in the construction market are Shaw Industries, Inc., Tarkett, Armstrong World Industries, Inc., Mannington Mills, Inc., Forbo Holding AG and others.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/vinyl-flooring-market.aspx
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.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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