Vision 2025 - The Future of Luxury Vinyl Flooring Market 2018 Transformations and Growth Opportunities

"LVT is an acronym for ""luxury vinyl tile."" It is a marketing term used by numerous companies to describe their vinyl flooring that is decoratively patterned to emulate the look of natural wood, granite or other types of flooring. There is no exact definition of the term, only generalities. It is not actually a separate category of tiling, simply a way of describing standard vinyl tiling that has been designed to match natural flooring.

Scope of the Report:

This report focuses on the Luxury Vinyl Flooring in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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Vinyl Flooring Market: Drivers & Restraints

Growing consumer demand of residential floorings and increasing purchasing power is raising the global vinyl flooring market. Its cost effectiveness and environment friendly nature of the consumers is inducing more and more consumers, ultimately increasing the global vinyl flooring market. Nominal maintenance and increased strength and durability are some of the major reasons why these surface floorings are also preferred in non-residential market. Technological advancement also playing an enormous role to stay ahead in the competition.

The major challenge of the global vinyl flooring market is that it needs a higher level of skill to install it which needs a specific training. The manufacturers are responsible to offer extensive factory training for professional installers. If not installed properly it can lead to some problems like wrong patching, irregular surface and cracking.

Major Market Player’s

Armstrong, Mannington Mills, Tarkett, NOX Corporation, LG Hausys, Congoleum, Mohawk, Gerflor, Forbo, Beaulieu, RiL, Metroflor, Milliken, Polyflor, Karndean, Parterre, Snmo LVT, Hailide New Material, Taide Plastic Flooring

Increasing purchasing power has been driving the demand of residential floorings. Its cost effectiveness and environment friendly nature are some of the factors which attract more and more consumers. The increasing consumer attention towards aesthetic value in construction and changing preferences towards environment friendly products are also responsible for driving this market. Vinyl flooring can be used anywhere and is preferred in nonresidential segment due to easy to fix and easy maintenance.

Flooring demand depends upon the new construction activities, and economic activities such as spending power and consumer’s preference and among other. Moreover, Carpets and flooring has featured in many government buildings and government facilities across the country. This flooring doesn’t just improve the aesthetic value but is also durable in the long run. However, vinyl flooring cannot take heavy loads and can be damaged by sharp objects. Furthermore, colors can fade with direct sunlight and floors can be damaged by extreme temperature. This acts as a restraint for the vinyl flooring market.

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Market Segments

Market Segment by Regions, regional analysis covers
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
• Decorative Luxury Vinyl Flooring (LVT)
• Functional Luxury Vinyl Flooring (LVT)

Market Segment by Applications, can be divided into
Commercial use, Residential use

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This release was published on openPR.