Vinyl Flooring Market by Product and End User - Global Opportunity Analysis and Industry Forecast, 2017-2023

  • ID: 4580571
  • Report
  • Region: Global
  • 250 pages
  • Allied Analytics LLP
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Vinyl flooring, also known as resilient flooring, is a finished flooring material primarily used in construction application related to commercial and industrial applications. It is made from a combination of natural and synthetic polymer materials such as polyvinyl chloride and plasticizers. Vinyl flooring is available in the form of sheet, tile, and plank, specially designed for residential and commercial use. Low cost, durability, and ease of maintenance of vinyl flooring makes it more durable and cost-effective flooring system over other traditional modes of flooring, such as wood, concrete, ceramic, and marble. Major advantages, which include scratch free flooring, resistance to withstand water and sunlight, availability in several colors, designs, and patterns, increase its demand in several applications, such as offices, hospitals, malls, hotels, homes, and factories.

Due to the increased durability, strength, and low-maintenance, vinyl floorings are preferred in non-residential construction of structures related to office space, shopping malls, resorts, and hotel accommodation. Thus, strong growth in office, retail, and industrial construction activity is the major factor, which contributes to the increase in demand for vinyl flooring. In addition, due to its superior properties such as water-resistant nature, ease of cleaning, and ability to improve indoor air quality, vinyl flooring is often the product of choice for flooring in many of modern health care and educational infrastructures, thereby driving the market.

In the past decade, manufacturers have released an impressive spread of new vinyl products, which includes vinyl sheet, luxury vinyl tile (LVT), and vinyl composite tile (VCT). These materials are available in several colors, sizes, shapes, and patterns, and are utilized in making new and innovative decorative designs. Thus, growth in consumer attention in decorating and renovating their houses also supports the growth of the vinyl flooring market. However, vinyl is the most toxic chemical for health and environment as it releases some of the most toxic volatile chemicals that are linked to cancer, birth defects, respiratory problems, and other serious chronic diseases. Leading health, environmental justice, and health-impacted organizations across the world such as United States Environmental Protection Agency (EPA), U.S. Department of Agriculture (USDA), and National Sanitation Foundation (NSF), and others have drafted stringent regulations, which restricts the market growth. Growth in population, rise in investment in real estate, and high disposable income increase the demand for residential construction in the past few decades. In addition, industrial development resulting into urbanization and expansion of new cities and town has increased the demand for residential places such as family homes, apartments, and condominiums. Factors such as growth in number of residential construction and homeowners are expected to provide lucrative opportunities for the vinyl flooring market in the upcoming years.

The vinyl flooring market is segmented into product, end-user industry, and region. Based on product, the market is classified into luxury vinyl tile and vinyl sheets & vinyl composite tile. By end-user industry, the market is divided into residential, healthcare, retail, education, sports, hospitality, offices, industrial, and automotive. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in vinyl flooring market are Armstrong World Industries, Inc., Berkshire Hathaway Inc., CBC Flooring, Congoleum Corporation, Forbo Holding AG, Tarkett S.A., Mannington Mills, Inc., Mohawk Industries, Inc., Gerflor SAS, and IVC Group.

KEY BENEFITS FOR STAKEHOLDERS

This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global vinyl flooring market from 2016 to 2023 to identify the prevailing market opportunities.
The key countries in all the majors regions are mapped based on their market share.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
In-depth analysis of the market segmentation assists in determining the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global industry. Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
The report includes in details the analysis of the regional as well as global market, key players, market segments, and application areas, and growth strategies.

KEY MARKET SEGMENTS

By Product

Luxury Vinyl Tile
Vinyl Sheets & Vinyl Composite Tile

By End-user Industry

Residential
Healthcare
Retail
Education
Sport
Hospitality
Office
Industrial
Automotive

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Indonesia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Turkey
Rest of LAMEA

OTHER PLAYERS

Other prominent players in vinyl flooring market are as follows.
Milliken & Company, Inc.
Novalis Innovative Flooring
TOLI Corporation
NOX Corporation
Interface, Inc.
Pergo AB
Polyflor Ltd
LG Hausys
Beaulieu International Group

*Profiles of these players are not included in the report, but can be included on request
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key finding of the study
2.2. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pocket
3.2.2. Top winning strategies
3.2.3. Top winning strategies, by year, 2015-2017
3.2.4. Top winning strategies, by development, 2015-2017 (%)
3.2.5. Top winning strategies, by company, 2015-2017
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyer
3.3.3. Thereat of new entrants
3.3.4. Threat of substitute
3.3.5. Intensity of competitive rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Strong growth in commercial real estate
3.4.1.2. Superior properties of vinyl flooring
3.4.1.3. Growth in renovation projects
3.4.2. Restraints
3.4.2.1. Stringent regulations on vinyl
3.4.3. Opportunities
3.4.3.1. Growing number of homeowners and residential construction.
3.5. Top player positioning

CHAPTER 4: VINYL FLOORING MARKET, BY PRODUCT
4.1. Overview
4.1.1. Market size and forecast
4.2. Luxury Vinyl Tiles (LVT)
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.2.3. Market analysis by country
4.3. Vinyl Sheet & Vinyl Composite Tile
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.3.3. Market analysis by country

CHAPTER 5: VINYL FLOORING MARKET, BY END-USER INDUSTRY
5.1. Overview
5.1.1. Market size and forecast
5.2. Residential
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.3. Market analysis by country
5.3. Healthcare
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.3. Market analysis by country
5.4. Retail
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.4.3. Market analysis by country
5.5. Education
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.5.3. Market analysis by country
5.6. Sports
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.6.3. Market analysis by country
5.7. Hospitality
5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast
5.7.3. Market analysis by country
5.8. Offices
5.8.1. Key market trends, growth factors, and opportunities
5.8.2. Market size and forecast
5.8.3. Market analysis by country
5.9. Industrial
5.9.1. Key market trends, growth factors, and opportunities
5.9.2. Market size and forecast
5.9.3. Market analysis by country
5.10. Automotive
5.10.1. Key market trends, growth factors, and opportunities
5.10.2. Market size and forecast
5.10.3. Market analysis by country

CHAPTER 6: VINYL FLOORING MARKET, BY GEOGRAPHY
6.1. Overview
6.1.1. Market size and forecast
6.2. North America
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by product
6.2.3. Market size and forecast, by end-user industry
6.2.4. Market size and forecast, by country
6.2.5. U.S.
6.2.5.1. Market size and forecast, by product
6.2.5.2. Market size and forecast, by end-user industry
6.2.6. Canada
6.2.6.1. Market size and forecast, by product
6.2.6.2. Market size and forecast, by end-user industry
6.2.7. Mexico
6.2.7.1. Market size and forecast, by product
6.2.7.2. Market size and forecast, by end-user industry
6.3. Europe
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by product
6.3.3. Market size and forecast, by end-user industry
6.3.4. Market size and forecast, by country
6.3.5. UK
6.3.5.1. Market size and forecast, by product
6.3.5.2. Market size and forecast, by end-user industry
6.3.6. Germany
6.3.6.1. Market size and forecast, by product
6.3.6.2. Market size and forecast, by end-user industry
6.3.7. France
6.3.7.1. Market size and forecast, by product
6.3.7.2. Market size and forecast, by end-user industry
6.3.8. Italy
6.3.8.1. Market size and forecast, by product
6.3.8.2. Market size and forecast, by end-user industry
6.3.9. Spain
6.3.9.1. Market size and forecast, by product
6.3.9.2. Market size and forecast, by end-user industry
6.3.10. Russia
6.3.10.1. Market size and forecast, by product
6.3.10.2. Market size and forecast, by end-user industry
6.3.11. Rest of Europe
6.3.11.1. Market size and forecast, by product
6.3.11.2. Market size and forecast, by end-user industry
6.4. Asia-Pacific
6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast, by product
6.4.3. Market size and forecast, by end-user industry
6.4.4. Market size and forecast, by country
6.4.5. China
6.4.5.1. Market size and forecast, by product
6.4.5.2. Market size and forecast, by end-user industry
6.4.6. India
6.4.6.1. Market size and forecast, by product
6.4.6.2. Market size and forecast, by end-user industry
6.4.7. South Korea
6.4.7.1. Market size and forecast, by product
6.4.7.2. Market size and forecast, by end-user industry
6.4.8. Japan
6.4.8.1. Market size and forecast, by product
6.4.8.2. Market size and forecast, by end-user industry
6.4.9. Indonesia
6.4.9.1. Market size and forecast, by product
6.4.9.2. Market size and forecast, by end-user industry
6.4.10. Rest of Asia-Pacific
6.4.10.1. Market size and forecast, by product
6.4.10.2. Market size and forecast, by end-user industry
6.5. LAMEA
6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast, by product
6.5.3. Market size and forecast, by end-user industry
6.5.4. Market size and forecast, by country
6.5.5. Brazil
6.5.5.1. Market size and forecast, by product
6.5.5.2. Market size and forecast, by end-user industry
6.5.6. Saudi Arabia
6.5.6.1. Market size and forecast, by product
6.5.6.2. Market size and forecast, by end-user industry
6.5.7. South Africa
6.5.7.1. Market size and forecast, by product
6.5.7.2. Market size and forecast, by end-user industry
6.5.8. Turkey
6.5.8.1. Market size and forecast, by product
6.5.8.2. Market size and forecast, by end-user industry
6.5.9. Rest of LAMEA
6.5.9.1. Market size and forecast, by product
6.5.9.2. Market size and forecast, by end-user industry

CHAPTER 7: COMPANY PROFILES
7.1. Armstrong World Industries, Inc.
7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Key strategic moves and developments
7.2. Berkshire Hathaway Inc.
7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Key strategic moves and developments
7.3. CBC Flooring
7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Key strategic moves and developments
7.4. Congoleum Corporation.
7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Key strategic moves and developments
7.5. Forbo Flooring Systems
7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Key strategic moves and developments
7.6. Gerflor Group
7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Key strategic moves and developments
7.7. Novalis
7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Operating business segments
7.7.4. Product portfolio
7.7.5. Key strategic moves and developments
7.8. Mannington Mills, Inc.
7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio
7.8.5. Key strategic moves and developments
7.9. Mohawk Industries Inc.
7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio
7.9.5. Key strategic moves and developments
7.10. Tarkett S.A.
7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio
7.10.5. Key strategic moves and developments
Note: Product cover images may vary from those shown
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According to a new report titled, Vinyl Flooring Market by Product and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2017-2023 the global vinyl flooring market was valued at $20,194.76 million in 2016, and is projected to reach $48,471.15 million by 2023, registering a CAGR of 13.3% from 2017 to 2023. In 2016, the vinyl sheet & composite vinyl tile segment accounted for more than half of the global market share in terms of value.

Vinyl flooring is a new type of resilient and robust flooring used in various residential and commercial buildings such as homes, offices, hotels, and others. It is produced by heating polyvinyl chloride (PVC) resin with plasticizers to give flexibility, with pigments to provide color, with stabilizers to ensure stability to heat and light, and with mineral fillers to improve the properties and reduce the cost. It is supplied in either form of luxury vinyl tiles and vinyl sheets & composite floor tile. Durability, low cost, and ease of maintenance has made it the perfect flooring solution over other traditional modes of flooring, such as wood, concrete, ceramic, and marble.

Superior properties of vinyl flooring such as water-resistant nature, ease of cleaning, and ability to improve indoor air quality increase its demand in construction of health care and educational infrastructures. Moreover, manufacturers are introducing innovative graphic film layers and design versatility to vinyl flooring making it more consumer-friendly and indistinguishable from natural materials, such as premium stone finishes and rich wood floors. Availability of vinyl flooring in different shapes, sizes, colors, and patterns makes it suitable for decorating and renovating homes. Growth in number of renovation projects also contributes to the growth of the vinyl flooring market.

Vinyl sheet & composite vinyl tile is composed of binder, fillers, and pigments. The binder consists of one or more resins of poly (vinyl chloride), or vinyl chloride copolymers, or both, compounded with suitable plasticizers and stabilizers. Due to the versatility of its graphic layer, vinyl sheet & composite vinyl tile provides superior design capabilities as compared to other traditional materials such as wood, marble, and concrete. In addition, these tiles are durable and withstand heavy settings, thus replacing traditional materials and making it most popular option for commercial flooring. Hence, the growth in demand for vinyl sheet and composite vinyl tile in commercial sectors, such as office, retail, hospitality, sport, and others increases the demand for vinyl flooring. Owing to the adverse effects of chemicals such as volatile organic compounds (VOCs) on environment and human health, leading health, environmental justice, and health-impacted organizations such as United States Environmental Protection Agency (EPA), U.S. Department of Agriculture (USDA), and National Sanitation Foundation (NSF) have drafted stringent regulations on the usage of vinyl, which hampers the growth of the market. Nevertheless, owing to rise in investment in real estate and high disposable income of consumers, there is an increase in the need for better infrastructure. This further fuels the demand for vinyl flooring in the market.

Key findings of the Vinyl Flooring Market:

The vinyl sheet & vinyl composite tile segment was the highest contributor to the market in 2016, and is projected to grow at a CAGR of 12.4%.
Luxury vinyl tile (LVT) is expected to growth at the highest CAGR of 14.1% from 2017 to 2023.
Asia-Pacific accounted for less than half of the share in the global vinyl flooring market in 2016 and is projected to grow at a significant CAGR of 13.8%.
In 2016, China accounted for the highest market share accounting approximately for three-fifths in Asia-Pacific.
In 2016, residential end-user segment generated the highest revenue and is expected to grow at a significant CAGR of 13.7%.

In terms of value, Asia-Pacific and LAMEA collectively contributed more than three-fifths share in the global market in 2016.

The key players operating in vinyl flooring market are Armstrong World Industries, Inc., Berkshire Hathaway Inc., CBC Flooring, Congoleum Corporation, Forbo Holding AG, Tarkett S.A., Mannington Mills, Inc., Mohawk Industries, Inc., Gerflor SAS, and IVC Group.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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