The global market for vinyl flooring has been studied through a smart research report titled "Vinyl Flooring Market: Deployment in Commercial Spaces to Register Significant Increase over the Forecast Period: Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028", added to the broad database of Market Research Reports Search Engine (MRRSE). The popularity of vinyl flooring has enhanced due to its rising application across residential, industrial and commercial sectors concerned to floor covering. This analysis targets the growth trends as well as opportunities that are expected to impact the overall market for vinyl flooring.
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As per research statistics, the global vinyl flooring market is anticipated to acquire US$ 21,952.8 Mn by 2018-end. Furthermore, looking at the current developments, the target market is expected to reach a milestone of US$ 41,578.7 Mn through 2028, with the growth factor of 6.6% CAGR. The analysis starts with the executive summary that includes information linked to market overview. In addition, readers can learn about market taxonomy, Porter’s Five Force analysis, supply chain and market dynamics that focus on drivers, opportunity, trends and restraints. Later on, this research drops light on the market forecast with the availability of market volume projections, market size projections and pricing analysis.
According to the report, growth of the vinyl flooring market is evidently driven by the expansion of large-scale infrastructural projects in evolving economies of South East Asia Pacific along with Middle East Africa and Europe. It should be noted that, governments of chief economies are working on the development of commercial facilities in order to strengthen their infrastructure. China vinyl flooring market acquire a value share of 17.4% in 2017 and is expected to retain its dominance across the global vinyl flooring market during the forecast period.
Based on format, the global vinyl flooring market is split into sheet, tile and plank. Out of these, the sheet segment managed to grab a share of 38.8% share (in terms of value) in 2017. Further, on the basis of application, the global market is segmented into residential, commercial and industrial. It has been analyzed that the commercial segment is anticipated to account for more than half of the complete market by the conclusion of the forecast period. Some of the prime market participants included in the study are Tarkett, Mohawk Industries, Inc., AFI Licensing LLC, Forbo Group, Interface, Inc., TOLI Corporation, Mannington Mills, Inc., Responsive Industries Ltd., C.I. TAKIRON Corporation, Shaw Industries Group, Inc., JAMES HALSTEAD PLC, Gerflor and others.
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Global Vinyl Flooring Market Expected to Reach US$ 41,578.7 Mn by 2028
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