Market Research Report
Global Vinyl Flooring Market 2018-2022
|Published by||TechNavio (Infiniti Research Ltd.)||Product code||756776|
|Published||Content info||106 Pages
Delivery time: 1-2 business days
|Global Vinyl Flooring Market 2018-2022|
|Published: December 6, 2018||Content info: 106 Pages||
The advent of augmented reality in flooring industry to help the market grow during the forecast period. With the introduction of AR floor visualizer applications in the flooring industry, consumers can modify the design of rooms or homes without the need of view samples physically. Technavio's analysts have predicted that the vinyl flooring market will register a CAGR of over 5% by 2022.
LVT is cost effective by almost thrice the price of hardwood flooring. To maintain hardwood property, one must spend a significant amount in treating and refinishing the material. Thus, commercial and residential builders prefer LVT over other hardwood flooring.
The vinyl flooring market is facing severe shortage of labor. Due to the shortage of labors the manufacturers are compelled to turn down the projects and are paying more to retain the existing labor force.
For the detailed list of factors that will drive and challenge the growth of the vinyl flooring market during the 2018-2022, view our report.
The market appears to be fragmented and with the presence of several companies including Mohawk Industries and Tarkett the competitive environment is quite intense. Factors such as the advent of augmented reality in flooring industry and the low cost and easy maintenance, will provide considerable growth opportunities to vinyl flooring manufactures. Armstrong Flooring, Berkshire Hathaway, Interface, Mohawk Industries, and Tarkett are some of the major companies covered in this report.