The future of the vinyl flooring market looks promising with opportunities in residential and non-residential applications. The vinyl flooring market is expected to reach an estimated ….
…. $17.5 billion by 2024 with a CAGR of 4.5% from 2019 to 2024. The major drivers for this market are growth in residential construction and renovation activities.
Emerging trends in the vinyl flooring market, 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. Shaw Industries, Tarkett, Mohawk Industries, Gerflor, and Mannington Mills are among the major suppliers of vinyl flooring.
A total of 127 figures / charts and 96 tables are provided in this 205-page report to help in your business decisions. In order to learn the scope of, benefits, companies researched and other details of vinyl flooring in the construction market report download the report brochure.
Included in the report are trends, opportunities and forecast for vinyl flooring in the construction market to 2024 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)
The publisher of the report, Lucintel, forecasts that the vinyl sheet will remain the largest segment over the forecast period due to their superior properties such as water-resistance, slip resistance, and ease of maintenance.
Within this market, vinyl flooring for non-residential will remain the largest segment during the forecast period due to the increase in demand for luxury vinyl tiles in non-residential buildings, such as offices, hotels, educational institutions, and hospitals.
APAC will remain the largest region 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.
For further details and to purchase the report, you can go to the ASD Reports website.
