Vinyl Flooring in World Building Construction Market Examined in Topical Lucintel Study Published at MarketPublishers.com05 Jan 2016 • by Natalie Aster
LONDON – Globally, the vinyl flooring market seems to have bright future, with good opportunities seen especially in the commercial and residential building construction markets. The world vinyl flooring market is poised to register 3.3% CAGR through to 2020, driven by the rise of the global construction industry and soaring renovation activities. Vinyl floor are durable, easy to maintain and more resistant to moisture compared to a host of alternative materials.
In terms of product forms, vinyl sheet is the dominant segment and is set to remain the same in the coming years. The demand for luxury vinyl tiles will likely witness the highest growth rate during the forecast period underpinned by their durability, aesthetic feature, minimum maintenance requirements, and ease of installation. The residential segment is set to register above-average growth in the upcoming years.
The commercial segment is forecast to remain the largest market. Surging demand for vinyl flooring in offices, hospitals, educational institutes and hotels will likely stimulate the growth in this segment in the years to come.
The Asia-Pacific will likely dominate the market owing to the increase in the construction industry and ever-changing lifestyles. North America is poised to see the highest growth in the offing due to an upsurge in commercial and residential construction activities.
Topical report “Opportunities for Vinyl Flooring in the Global Building Construction Market 2015-2020: Trends, Forecast, and Opportunity Analysis, December 2015” developed by Lucintel analyses the global vinyl flooring market. The study provides market size (volume and value) estimates; an analysis of key drivers, industry trends and forecasts by region, segment, and end-use industry; segmentation by product type in value and volume shipment terms; regional market analysis; analysis of growth opportunities in different market segments, applications and regions. The study gives a detailed overview of M&A activity, new product developments, competitive scene, and expansion strategies in the industry. It casts light on emerging applications, as well as evaluates the competitive degree of the industry.
Opportunities for Vinyl Flooring in the Global Building Construction Market 2015-2020: Trends, Forecast, and Opportunity Analysis, December 2015
Published: December 2015
Price: US$ 3,900.00
More reports by the publisher can be found at Lucintel page.