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Classified in: Covid-19 virus
Subject: SVY

Vinyl Flooring Market Size Worth 262.94 Million Meter2 by 2024 | CAGR: 5%: Technavio | Featuring Key Vendors - Armstrong Flooring Inc., Berkshire Hathaway Inc., Forbo Holding AG, and Others


NEW YORK, March 4, 2021 /PRNewswire/ -- The "Vinyl Flooring Market by End-user and Geography - Forecast and Analysis 2020-2024" report has been added to Technavio's offering.

The vinyl flooring market is expected to grow by 262.94 mn m2, progressing at a CAGR of about 5% during the forecast period. Get Free Sample Report in MINUTES

The low cost and easy maintenance is one of the major factors propelling market growth. However, factors such as shortage of skilled labor will hamper the market growth.

What our reports offer:

·         Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior

Vinyl Flooring Market: End-user Landscape

The growth in residential construction will lead to an increase in demand for vinyl flooring during the forecast period. The demand for vinyl flooring in the residential end-user segment will be largely driven by home remodeling projects. Vinyl flooring materials, especially LVT, have gained traction among residential construction and home remodeling projects. This is due to their superior properties such as water-resistance, ease of cleaning, and the ability to improve indoor air quality. With the rapid growth in renovation and new home construction projects, the demand for vinyl flooring will remain high during the forecast period. 

Vinyl Flooring Market: Geographic Landscape

North America was the largest vinyl flooring market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The booming construction sector will significantly drive vinyl flooring market growth in this region over the forecast period. 33% of the market's growth will originate from North America during the forecast period. The US is a key market for vinyl flooring in North America. Market growth in this region will be faster than the growth of the market in other regions.

Companies Covered:

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing

Related Reports on Materials Include:
Non-resilient Flooring Market by Product and Geography - Forecast and Analysis 2020-2024:
The non-resilient flooring market size will record an incremental growth of 1240.00 mn m2 and a CAGR of over 2% during 2020-2024. To get extensive research insights: Get FREE Sample Report in Minutes!

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Customer landscape

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Report Page: https://www.technavio.com/report/vinyl-flooring-market-industry-analysis 

SOURCE Technavio


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