Hi, what are you looking for?
Future Market Insights’ newly published market report, ‘Vinyl Flooring Market: Global Industry Analysis and Forecast, 2022-2028,’ examines the vinyl flooring market and offers crucial market insights for the next ten years.
The valuable insights encapsulated in the report highlights that the plank segment is expected to remain a leading segment in the market in terms of format, recording a CAGR of 6.8% during the forecast period (2022 – 2028).
In addition, the segment is expected to account for around 40.0% share of the overall market value throughout forecast period. Globally, the vinyl flooring market is projected to reach US$ 41,578.70 Mn by the end of 2028.
Global Vinyl Flooring Market: Key Dynamics
Increasing number of infrastructural activities in both developing and developed countries have continued to contribute towards growth of the global vinyl flooring market. To offer versatile, water-proof and stain-resistant floorings, prominent manufacturers are focusing on utilizing digital printing and 3D printing techniques for developing vinyl planks and products.
Request a Sample of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-548
These technological advancements enable the end users to duplicate any original material, such as gravel, wood, metal and others. For instance, Tarkett in collaboration with Philip lighting has launched LED embedded tiles that can guide people to any location (store/building)
With the increasing number of small and medium business, demand for infrastructure continues to persist. In addition, constructors are focusing on building healthcare infrastructures near the residential areas.
In pace with the increasing number of construction projects, growth of the vinyl flooring market is likely to gain a speedy momentum during the assessment period.
To offer convenience to the end users in the residential industry, leading manufacturers are focusing on developing a wide array of vinyl flooring that are waterproof and easy to clean.
Also, vinyl flooring is considered as decorative flooring due to the recent upgrades, such as resemblance to ceramic or other contemporary looks (petrified wood or stained concrete). Also, vinyl flooring is preferred for high-traffic areas as it is durable, trendy and available with built-in adhesive
Global Vinyl Flooring Market: Forecast
On the basis of vinyl flooring application, the commercial segment is expected to witness significant growth in terms of volume during the forecast period.
As per the forecast, the commercial segment is estimated to account for more than 56.5% share in the overall market value by the end of the forecast period. This is largely due to the massive applications of vinyl flooring in various innovative constructions.
On the basis of region, Western Europe is anticipated to dominate the global vinyl flooring market throughout the forecast period. Western Europe market is expected to expand at around 7.3% CAGR. SEA & Pacific region is anticipated to record robust CAGR in the global vinyl flooring market throughout 2028.
Ask An Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-548
These two regions coupled with North America and China are expected to register impressive growth rates in the global vinyl flooring market over the assessment period.
Global Vinyl Flooring Market: Competitive Landscape
Some of the players identified in the global vinyl flooring market include Tarkett, AFI Licensing LLC, Mohawk Industries, Inc., Forbo Group, C.I. TAKIRON Corporation, Responsive Industries Ltd., TOLI Corporation, JAMES HALSTEAD PLC, Interface, Inc., Mannington Mills, Inc., Gerflor, Shaw Industries Group, Inc. and among others. Leading players are focusing on incorporating advanced technology to optimize their performance.
Vinyl flooring manufacturers are concentrating on strategic acquisitions to broaden their growth prospects in the competitive market. These factors are expected to reflect positively on the growth of the global vinyl flooring market over the coming years.
Vinyl Flooring Market by Category
Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-548
3.2. Porter’s Five Force Analysis
4.1. Market Volume (Mn. Sq. ft.) Projections
5. Global Vinyl Flooring Market Analysis 2013–2021 and Forecast 2022–2028, by Format
Explore FMI’s Trending Reports Coverage on Chemicals & Materials Domain
Interdental Cleaning Products Market Share: The global interdental cleaning products market size is forecast to reach US$ 2.7 Bn in 2022. Rising awareness regarding oral health across the globe is expected to boost sales at a steady 4.9% CAGR, pushing the market size to US$ 4.3 Bn by 2032.
Industrial Adhesives Market Size: Expanding at a CAGR of 4.5% the global sales of Industrial Adhesives is expected to increase from a valuation of US$ 52,862.0 Mn in 2021 to US$ 78,016.4 Mn by the end of 2030.
Crotonaldehyde Market Trends: Future Market Insights (FMI) has anticipated the demand of crotonaldehyde to witness a year over year growth of 4.5% in 2022 reaching a value of about US$ 377.6 Mn by the end of 2022.
Hydrazine Hydrate Market Outlook: Expanding at a CAGR of 4.9% the global sales of hydrazine hydrate is expected to increase from a valuation of US$ 444.3 Mn in 2021 to US$ 683.1 Mn by the end of 2030.
Middle East and Africa Bio-Stimulants Market Demand: The Middle East & Africa market of bio-stimulants is currently valued at around US$ 73,132.5 Th, and is anticipated to reach US$ 144,596.0 Th by 2030.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware – 19713, USA T: +1-845-579-5705 Report: https://www.futuremarketinsights.com/reports/vinyl-flooring-market For Sales Enquiries: [email protected] Browse latest Market Reports: https://www.futuremarketinsights.com/reports LinkedIn| Twitter| Blogs
The post With 6.8.% CAGR, Vinyl Flooring Market Size to Hit USD 41,578.70 Million by 2028 | Future Market Insights appeared first on Future Market Insights.
All around the world, women in the engineering industry are inspiring more young females.
Stocks swung in Asia on Friday as investors tried to assess the Federal Reserve's plans for lifting interest rates to fight inflation.
A Shanghai court said Friday it has sentenced Chinese-Canadian tycoon Xiao Jianhua to 13 years in prison for financial crimes.
The exhibition is a major event for the Academy, which in recent years has had to navigate accusations of a lack of racial diversity...
COPYRIGHT © 1998 - 2022 DIGITAL JOURNAL INC. Digital Journal is not responsible for the content of external sites. Read more about our external linking.