Market Overview:
The global vinyl floor tiles market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for decorative vinyl floor tiles and functional vinyl floor tiles across different applications, such as commercial use and residential use. In terms of region, North America is expected to lead the global vinyl floor tiles market in terms of revenue during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Vinyl floor tiles are a type of flooring that is made from PVC, or polyvinyl chloride. They are typically installed as a floating floor, meaning they are not glued or nailed down to the subfloor. This makes them easy to install and remove for cleaning or replacement. Vinyl floor tiles come in a variety of colors and styles, and can be used in both residential and commercial settings.
Decorative Vinyl Floor Tiles:
Decorative vinyl floor tiles are used to add color and visual appeal to any room. They can be used in residential as well as commercial applications. The growth factor for the market is construction sector, where demand from new houses/residential buildings outruns supply, which drives the decorative vinyl floor tiles industry.
Functional Vinyl Floor Tiles:
Functional vinyl floor tiles are manufactured using a special type of vinyl that has been impregnated with anti-bacterial agents. These tiles have the ability to remove bacteria and other microorganisms from the surface on which they are placed. The result is a hygienic flooring material that is also cost-effective, easy to clean and requires low maintenance.
The growth of construction industry in emerging economies such as India, China.
Application Insights:
The commercial application segment accounted for the largest share of more than 60.0% in 2017. The rising number of hospitals, hotels, restaurants and other hospitality industries are expected to be a key factor driving the demand from commercial applications over the forecast period. In addition, increasing renovation activities in European countries including Germany, France and Italy is likely to propel market growth over the next eight years.
Functional vinyl floor tiles have been gaining popularity since past few years owing to their cost-effectiveness along with superior aesthetics and easy maintenance features. These products are suitable for both interior as well as exterior applications due to high durability and resistance towards scratches & abrasion which makes them ideal for areas where heavy footfall occurs such as entryways, corridors & stairways etcetera¢â‚¬â„¢s mentioned above is expected to drive product demand from residential application segment at a significant CAGR of XX%.
Regional Analysis:
Europe accounted for the largest market share of more than 35% in 2017. The region is expected to dominate the global market over the forecast period. This dominance can be attributed to increasing demand from residential as well as commercial applications in countries, such as Germany, U.K., Italy, and France among others.
The growth of the construction industry in Europe has been supported by various government initiatives aimed at boosting investments worth USD X trillion over a period of five years beginning from 2016. Moreover, rising consumer disposable income levels coupled with growing population are likely to contribute toward increased spending on home improvement activities across Europe which will further propel product demand during the forecast period.
Asia Pacific is anticipated to witness significant growth over a CAGR exceeding 6% during 2018-2030 due to rapid urbanization and increasing construction activities mainly driven by rising middle class populations that prefer better housing facilities along with steady economic growth resulting into higher disposable incomes leading towards an improved standard of living in countries like China.
Growth Factors:
- Increasing demand from the construction sector for flooring tiles as a replacement for traditional materials such as marble and granite.
- Rising disposable income of consumers, especially in developing countries, which is resulting in an increase in demand for luxury vinyl floor tiles.
- Growing popularity of home improvement and renovation projects, which is boosting the demand for vinyl floor tiles globally.
- Proliferation of online retail platforms that are offering a wide range of vinyl floor tile designs at competitive prices, thereby driving consumer adoption rates.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vinyl Floor Tiles Market Research Report
By Type
Decorative Vinyl Floor Tiles, Functional Vinyl Floor Tiles
By Application
Commercial use, Residential use
By Companies
Armstrong, Mannington Mills, Tarkett, NOX Corporation, LG Hausys, Congoleum, Mohawk, Gerflor, Forbo, Beaulieu, Armstrong, Metroflor, Milliken, Polyflor, Karndean, Parterre, Snmo LVT, Hailide New Material, Taide Plastic Flooring
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
152
Number of Tables & Figures
107
Customization Available
Yes, the report can be customized as per your need.
Global Vinyl Floor Tiles Market Report Segments:
The global Vinyl Floor Tiles market is segmented on the basis of:
Types
Decorative Vinyl Floor Tiles, Functional Vinyl Floor Tiles
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial use, Residential use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Armstrong
- Mannington Mills
- Tarkett
- NOX Corporation
- LG Hausys
- Congoleum
- Mohawk
- Gerflor
- Forbo
- Beaulieu
- Armstrong
- Metroflor
- Milliken
- Polyflor
- Karndean
- Parterre
- Snmo LVT
- Hailide New Material
- Taide Plastic Flooring
Highlights of The Vinyl Floor Tiles Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Decorative Vinyl Floor Tiles
- Functional Vinyl Floor Tiles
- By Application:
- Commercial use
- Residential use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vinyl Floor Tiles Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vinyl floor tiles are a type of flooring made from vinyl. Vinyl floor tiles are typically less expensive than other types of flooring, such as wood or carpet, and they can be easy to clean.
Some of the major companies in the vinyl floor tiles market are Armstrong, Mannington Mills, Tarkett, NOX Corporation, LG Hausys, Congoleum, Mohawk, Gerflor, Forbo, Beaulieu, Armstrong, Metroflor, Milliken, Polyflor, Karndean, Parterre, Snmo LVT, Hailide New Material, Taide Plastic Flooring.
The vinyl floor tiles market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vinyl Floor Tiles Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vinyl Floor Tiles Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vinyl Floor Tiles Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vinyl Floor Tiles Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vinyl Floor Tiles Market Size & Forecast, 2020-2028
4.5.1 Vinyl Floor Tiles Market Size and Y-o-Y Growth
4.5.2 Vinyl Floor Tiles Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Decorative Vinyl Floor Tiles
5.2.2 Functional Vinyl Floor Tiles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial use
6.2.2 Residential use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vinyl Floor Tiles Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vinyl Floor Tiles Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Decorative Vinyl Floor Tiles
9.6.2 Functional Vinyl Floor Tiles
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial use
9.10.2 Residential use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Decorative Vinyl Floor Tiles
10.6.2 Functional Vinyl Floor Tiles
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial use
10.10.2 Residential use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Decorative Vinyl Floor Tiles
11.6.2 Functional Vinyl Floor Tiles
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial use
11.10.2 Residential use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Decorative Vinyl Floor Tiles
12.6.2 Functional Vinyl Floor Tiles
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial use
12.10.2 Residential use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Decorative Vinyl Floor Tiles
13.6.2 Functional Vinyl Floor Tiles
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial use
13.10.2 Residential use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vinyl Floor Tiles Market: Competitive Dashboard
14.2 Global Vinyl Floor Tiles Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Armstrong
14.3.2 Mannington Mills
14.3.3 Tarkett
14.3.4 NOX Corporation
14.3.5 LG Hausys
14.3.6 Congoleum
14.3.7 Mohawk
14.3.8 Gerflor
14.3.9 Forbo
14.3.10 Beaulieu
14.3.11 Armstrong
14.3.12 Metroflor
14.3.13 Milliken
14.3.14 Polyflor
14.3.15 Karndean
14.3.16 Parterre
14.3.17 Snmo LVT
14.3.18 Hailide New Material
14.3.19 Taide Plastic Flooring
