IMARC Group has recently released a new research study titled "North America Vinyl Flooring Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
Market Size and CAGR:
The North America vinyl flooring market size reached a volume of 324.4 Million Sq. Meters in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.4% during 2021-2026.
Market Outlook:
Vinyl flooring, also known as resilient flooring, refers to a construction material made by combining natural and synthetic polymer materials. The flooring is placed in repeating structural units and offers resistance against water and stains. Vinyl flooring provides various benefits over conventional flooring materials, including cost-effectiveness, higher durability, flexible handling, etc. As a result, it is commonly installed across hospitals, schools, offices, houses, etc.
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Market Trends and Drivers:
The expanding construction sector and the rising number of modern housing projects are primarily driving the North America vinyl flooring market. Moreover, the increasing availability of advanced print and textural techniques is also propelling the market growth. In addition to this, numerous key manufacturers are focusing on simplifying the installation and maintenance process, which is further catalyzing the product demand. Besides this, elevating technological advancements in the manufacturing process of vinyl flooring are also bolstering the growth of the North America market. Additionally, the inflating disposable income levels and improving living standards of the consumer are further escalating the demand for high-end and aesthetically-appealing flooring products. This, in turn, is projected to cater to the growth of the North America vinyl flooring market in the coming years.
Competitive Analysis and Segmentation:
Key Market Segmentation:
The report has segmented the North America vinyl flooring market on the basis of product type, sector and country.
Breakup by Product Type:
- Vinyl Sheet
- Luxury Vinyl Tile (LVT)
- Vinyl Composition Tile (VCT)
Breakup by Sector:
- Residential
- Commercial
Breakup by Country:
- United States
- Canada
- Mexico
Explore Full Report Description At: https://www.imarcgroup.com/north-america-vinyl-flooring-market
Key Highlights of the Report:
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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