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Lucintel identifies and prioritizes opportunities for vinyl flooring in the global construction industry -USD 0

Publish Date: 21-04-2017 13:24:49 | Contact name: Lucintel LLC | Location: USA | Place: 222 Las Colinas Blvd West, Suite 1650, Irving, TX 75039, USA | 1 times displayed |





According to
a new market report published by Lucintel, the future of the global vinyl
flooring market looks good with opportunities in the residential and commercial
building construction markets. The global vinyl flooring market is forecast to
grow at a CAGR of 3.3% from 2015 to 2020. The major drivers for this market are
the growth of the global construction industry and renovation activities. Vinyl
floor are durable, easy to maintain and more moisture-resistant than many
alternative materials.





In this
market, vinyl sheet, luxury vinyl tiles, and vinyl composition tiles are
some of the major product forms used for residential and commercial
construction applications. Vinyl sheet is the largest segment by product forms
and is expected to remain the same during the forecast period. Lucintel
predicts that the demand for luxury vinyl tiles is likely to experience the
highest growth during the forecast period supported by their aesthetic feature,
durability, minimal maintenance requirements, and ease in installation
properties. On the basis of comprehensive research, Lucintel forecasts
that the residential segment is expected to show above average growth during
the forecast period.



Within the vinyl flooring in construction
industry, the commercial segment is expected to remain the largest market. Increasing
demand for vinyl flooring in hospitals, offices, hotels, and educational
institutes is expected to spur growth for this segment over the forecast
period.



APAC is expected to remain the largest market due
to the growth in the construction industry and changing lifestyle.



North America is expected to witness the
highest growth over the forecast period because of growing residential and
commercial construction activities.



For market expansion, the report suggests innovation
and new product development where the unique characteristics of vinyl
flooring can be capitalized. Some of the innovation areas in vinyl
flooring could be in achieving higher strength, better aesthetics, and technological
features.



Emerging trends in the global vinyl flooring market,
which have a direct impact on the dynamics of the industry, include increasing
demand for tiles with eco-friendly and easy to install properties. Tarkett,
Shaw Industries, Inc., Mohawk Industries, Inc., Mannington Mills, Inc., and
Armstrong World Industries, Inc. are among the major suppliers of vinyl
flooring. Some companies are opting for M&A as a strategic initiative for
driving growth.





Lucintel, a leading global strategic consulting
and market research firm, has analyzed the global vinyl flooring market by end
use industry, product type, and region and has come up with a comprehensive
research report, Opportunities
for Vinyl Flooring in the Global Building Construction Market 2015-2020:
Trends, Forecast, and Opportunity Analysis
.” The
Lucintel report serves as a springboard for growth strategies, as it provides a
comprehensive data and analysis on trends, key drivers, and directions. The
study includes forecasts for the global vinyl flooring market through 2020,
segmented by end use industry, product type, and region as follows:





By end use industry [$ million market size
analysis from 2009 to 2020]:



·
Residential



·
Commercial





By product type [$ million market size
analysis from 2009 to 2020]:



·
Vinyl Sheet



·
Luxury Vinyl Tile (LVT)



·
Vinyl Composition Tile (VCT)





By region [value ($ million) and volume (million sq mt) market
size analysis for 2009 to 2020]:



·
North America



·
Europe



·
Asia Pacific



·
Rest of the World





This 216-page research report will enable you
to make confident business decisions in this globally competitive marketplace.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com. Lucintel offerings
include Construction Market Report, Construction Reports, Industry / Market Analysis, Strategic Growth Consulting and Capital Investment Analysis.







About Lucintel



Lucintel, the premier global management
consulting and market research firm, creates winning strategies for growth. It
offers market assessments, competitive analysis, opportunity analysis, growth
consulting, M&A, and due diligence services to executives and key
decision-makers in a variety of industries. For further information, visit
www.lucintel.com.





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