Vinyl Flooring Market Rising Trends, Demand and Huge Business Opportunities 2020 to 2024

Global Vinyl Flooring Market Research Report 2020: is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This market study provides comprehensive data which enhances the understanding, scope and application of this report.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Vinyl Flooring Market: Interface, Mohawk Industries, Tarkett, Balta Group, Forbo, Armstrong Flooring, Shaw Industries, Mannington, Milliken & Company, Beaulieu International Group and others.

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Global Vinyl Flooring Market was valued at USD 20.5 Billion in the year 2018 with a consumption of x Million sq. Meter. Key factors driving high demand of Vinyl floorings includes product performance, water resistance, durability and growing adoption in developed and developing countries. Additionally, growth in per capita income and development in re-modelling activities and new construction of residential buildings boost the demand of Vinyl floorings. These markets are influenced by many factors including changing consumer preferences, consumer confidence, spending for durable goods, interest rates, inflation and availability of credit, turnover in housing and the overall strength of the economy.

Demand of LVT vinyl flooring product segment has been growing rapidly from the last few years. LVT is taking share from other flooring products and is becoming a significantly larger part of flooring company's portfolio. LVT is an extremely attractive opportunity for many flooring manufacturers with the category currently growing at more than 20 percent growth per year. The multiple product variations, with different visuals and benefits, provide unique solutions for different consumer needs. The LVT technology can mimic virtually any look and offers many attractive performance attributes: it's waterproof and affordable to install in comparison to other flooring surfaces makes it a preferred choice. Vinyl sheet and VCT were adversely impacted by the product cannibalization effect of LVT.

Industry News:

ATLANTA, March 31, 2017 - Interface (NASDAQ: TILE) today introduced its first Luxury Vinyl Tile (LVT) collection, Level Set(TM), allowing customers to explore new design possibilities and create rich textural experiences across virtually all types of applications. This debut Modular Resilient Flooring offering integrates with Interface's carpet tiles to create beautiful, functional spaces that blend hard and soft flooring with ease. The collection is now available for purchase in the Americas.

PARIS, FRANCE, January 25, 2018 --Tarkett, a worldwide leader in innovative and sustainable flooring and sports surface solutions, invests a total of 70 million euros over the next three years to expand its luxury vinyl tiles (LVT) production capacity in North America and Europe, while enhancing efficient and sustainable manufacturing.

Scope of the Report

Global Vinyl Flooring Market: By Volume (Million Square Meter), By Value (USD Million) - Actual Period: 2014-2018, Forecast Period: 2019-2024
Analysis by Product type - Luxury Vinyl Tile, Vinyl Sheet, Vinyl Composition Tile
Analysis by End User Sector - Offices, Retail, Hospitality, Healthcare, Residential, Others.
Analysis by Sales Channel - Distributors, Home Centres, Direct Sales/Contractors

Regional Vinyl Flooring Market: By Volume (Million Square Meter), By Value (USD Million) - North America, Europe, Asia Pacific, LAMEA (Actual Period: 2014-2018, Forecast Period: 2019-2024)
Analysis by Product type - Luxury Vinyl Tile, Vinyl Sheet, Vinyl Composition Tile
Analysis by End User Sector - Offices, Retail, Hospitality, Healthcare, Residential, Others.
Analysis by Sales Channel - Distributors, Home Centres, Direct Sales/Contractors

Country Analysis - Vinyl Flooring Market By Volume (Million Square Meter), By Value (USD Million) - United States, Canada, Mexico, Germany, France, United Kingdom, Russia, China, Japan, Australia, India
Analysis by Product type - Luxury Vinyl Tile, Vinyl Sheet, Vinyl Composition Tile
Analysis by End User Sector - Offices, Retail, Hospitality, Healthcare, Residential, Others.
Analysis by Sales Channel - Distributors, Home Centres, Direct Sales/Contractors

Other Report Highlights:
Market Attractiveness Charts: By Products, End-Use Sectors, Sales Channel
Market Dynamics and Strategic Recommendations

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Influence of the Vinyl Flooring market report:
-Comprehensive assessment of all opportunities and risk in the Vinyl Flooring market.
- Vinyl Flooring market recent innovations and major events.
-Detailed study of business strategies for growth of the Vinyl Flooring market-leading players.
-Conclusive study about the growth plot of Vinyl Flooring market for forthcoming years.
-In-depth understanding of Vinyl Flooring market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Vinyl Flooring market.

What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Vinyl Flooring Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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