New York, According to a new market research report published by Global Insight Services “Vinyl Flooring Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Vinyl flooring is a type of flooring that is made from polyvinyl chloride (PVC). PVC is a type of plastic that is strong and durable. Vinyl flooring is available in a variety of colors and patterns. It is easy to clean and maintain. Vinyl flooring is a popular choice for kitchens, bathrooms, and laundry rooms.
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Key Trends
There are four key trends in vinyl flooring technology:
1. Improved durability: Newer vinyl floors are much more durable than older versions, thanks to advances in manufacturing technology. They can now withstand heavy traffic and wear and tear much better than before.
2. Improved looks: Vinyl floors now come in a wide variety of colors and styles, so it’s easy to find one that fits your home.
3. Improved performance: Newer vinyl floors are much more slip-resistant than older versions, making them safer to walk on.
4. Improved environmental friendliness: Many vinyl floors now contain recycled content, and some are even made from completely renewable materials.
Key Drivers
There are several key drivers of the Vinyl Flooring market. Firstly, the increased popularity of Vinyl Flooring amongst consumers is driving the market growth. Secondly, the easy installation and low maintenance cost of Vinyl Flooring is another key driver of market growth. Thirdly, the wide range of designs and colors available in Vinyl Flooring is also boosting the market growth. Lastly, the increasing construction activities across the globe are also contributing to the market growth of Vinyl Flooring.
Market Segments
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 and vinyl composite tile. By end-user industry, the market is divided into residential, healthcare, retail, education, sport, hospitality, office, and others. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Vinyl Flooring Market report includes players such as 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.
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Reasons to buy Vinyl Flooring Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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