Europe Vinyl Flooring Market: Industry Analysis and Forecast (2021-2027) Trends, Statistics, Dynamics, Segmentation
Europe Vinyl Flooring Market was valued at USD 2.5 Billion in 2021. Europe Vinyl Flooring Market size is estimated to grow at a CAGR of 3.1% over the forecast period.
Format : PDF | Report ID : SMR_1258
Europe Vinyl Flooring Market Definition:
Vinyl flooring is made by combining natural and engineered polymer materials, which are stuck together to give an enduring, practical, and economical floor covering. It is flexible, simple to introduce and profoundly resistant to water and stains. It is accessible in different looks, patterns, and tones, like reproduced stone, tile, and wood grain. Likewise, it is easy to maintain as it has a versatile defensive covering that shields vinyl flooring from soil and scratches. Aside from this, as it is a well-known option in contrast to expensive floor materials like rug, vinyl flooring tracks down broad applications in the medical care, modern, private, friendliness, schooling, and retail areas.
Further, the Vinyl Flooring market is segmented by Product, Application, and geography. On the basis of Product, the Vinyl Flooring market is segmented under vinyl sheets, vinyl tiles and luxury vinyl tiles. Based on the Application, the Vinyl Flooring market is segmented under the channels of commercial and residential. By geography, the market covers the major countries in Europe i.e., Italy, France, Russia, United Kingdom, Rest of Europe. For each segment, the market sizing and forecasts have been done on the basis of value (in USD Billion).
Europe Vinyl Flooring COVID 19 Insights:
The COVID-19 pandemic has limited a few business exercises. Similarly, development exercises are additionally limited internationally during the pandemic time frame. Because of the lockdown limitations, the changes in accessibility, supply of raw material, absence of worker for hire labour forces are postponing the progressing and new development plans. Subsequently the interest for the vinyl flooring market is additionally diminished. However the outbreak of the COVID-19 pandemic in 2019 had declined the deals of different deck arrangements till the finish of 2021 attributable to the impermanent closure of manufacturing units, the interest is set to rise during the forecast period.
Likewise, in regions with high air contamination levels, legislatures had halted the development exercises to diminish something very similar. In any case, they have begun absolving the advancement of medical services offices and other critical designs, which is set to prod the interest for vinyl flooring.
Europe Vinyl Flooring Market Dynamics:
Rising interest for economical, solid, and lightweight development materials is probably going to help market development in Europe. The advancement of problem free establishment strategies, accessibility of creative development arrangements, and rising interest for ecologically maintainable items is expected to help the business development. What's more, a rigid administrative system on the creation, use, execution, and reusing is probably going to emphatically affect market development. The market in Germany is supposed to show high development because of the tremendous application scope for deck items in new foundations and the remodel of old business and modern designs. Likewise, rising interest for imaginative plans, varieties, examples, and surface designs in an assortment of sheets, boards, and tile designs in the deck business is probably going to fuel market growth. The developing business area because of the entrance of worldwide brands supported with good exchange strategies is supposed to impel the item interest. The rising number of development tasks of housing spaces, shopping centers, office spaces, and other utility spaces across the locale is probably going to climb the item interest.
The European market accounted for a significant share owing to increased demand for innovative and technologically advanced flooring products from the residential application segment in the region. In addition, population expansion coupled with the growing demand for residential and commercial construction is anticipated to support the market growth in the region. Furthermore, the presence of well-established manufacturing and service industries in Germany, the U.K., France, Italy, and Spain, is projected to drive the product demand in the region.
Europe Vinyl Flooring Market Segment Analysis:
Based on Product, the interest for LVTs is supposed to develop at a high speed sooner rather than later on the rear of their capacity to stay in one piece for as long as 25 years, in contrast to different tiles. LVTs are likewise fit for decreasing material wastage and bringing down substitution costs, subsequently meeting the maintainability goals. The luxury vinyl tiles market is expected to display a strong development soon stirred up by their low support cost and broad utilization in medical clinics, workplaces, and retail locations.
Additionally, these tiles give pad impact and have high shock-retentive properties, which are expected to expand their use in gyms and wellness focuses. The rising awareness of individuals towards their wellbeing is probably going to surge the quantity of wellness habitats universally during the forecast period, consequently helping the Luxury Vinyl Tile (LVT) flooring market.
By Application, the commercial segment held the greater part of the market revenue share in 2021. This development is related with the rising development of workplaces, medical services communities, and emergency clinics around the world. Moreover, the expanding redesigning and remodel exercises of retail and business spaces will prod the vinyl sheets market development.
Further, this kind of ground surface has high slip and water opposition and it is not difficult to sanitize and clean. The flooding impact of planners and fashioners for the utilization of this ground surface in business spaces will fuel the development of the vinyl sheets market.
Europe Vinyl Flooring Market Key Players Insights:
The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide Product portfolio, and have a global presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The market's major companies have a significant impact because most of them have extensive global networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the Europe market, key players in the market, particularly in this region, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.
The objective of the report is to present a comprehensive analysis of the Europe Vinyl Flooring Market to the stakeholders in the industry. The report provides trends that are most dominant in the Europe Vinyl Flooring Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Europe Vinyl Flooring Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Europe Vinyl Flooring Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Europe Vinyl Flooring market. The report studies factors such as company size, market share, market growth, revenue, Product volume, and profits of the key players in the Europe Vinyl Flooring market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their Product quality is in the Europe Vinyl Flooring market. The report also analyses if the Europe Vinyl Flooring Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Vinyl Flooring market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Europe Vinyl Flooring market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Europe Vinyl Flooring Market is aided by legal factors.
Europe Vinyl Flooring Market Scope:
Europe Vinyl Flooring Market
Market Size in 2021:
USD 2.5 Billion
Market size in 2027:
USD 4.7 Billion
Europe Vinyl Flooring Market Key Players:
- Forbo Group (Switzerland)
- IVC Group (Belgium)
- Pergo (Belgium)
- Tarkett (France)
- Marazzi Group (Italy)
- Balta (Belgium)
- Gerflor (France)
- Instarmac (Scotland)
- Parador (Germany)
Frequently Asked Questions
What segments are covered in the Europe Vinyl Flooring Market report?
The market size of the Europe Vinyl Flooring Market by 2027 is expected to reach USD 4.7 Billion.
The forecast period for the Europe Vinyl Flooring Market is 2022-2027.
The market size of the Europe Vinyl Flooring Market in 2021 was valued at USD 2.5 Billion.
- Scope of the Report
- Research Methodology
- Research Process
- Europe Vinyl Flooring Market: Target Audience
- Europe Vinyl Flooring Market: Primary Research (As per Client Requirement)
- Europe Vinyl Flooring Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Europe Stellar Competition Matrix
- Key Players Benchmarking: - by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Industry: - M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Stellar Competition matrix
- Europe Vinyl Flooring Market Segmentation
- Europe Vinyl Flooring Market, by Product (2021-2027)
- Luxury Vinyl Tiles (LVT)
- Vinyl Sheets
- Vinyl Composite Tile
- Europe Vinyl Flooring Market, by Application (2021-2027)
- Europe Vinyl Flooring Market, by Country (2021-2027)
- United kingdom
- Rest of Europe
- Europe Vinyl Flooring Market, by Product (2021-2027)
- Company Profiles
- Key Players
- Forbo Flooring
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategy
- Key Developments
- IVC Group
- Marazzi Group
- Key Players
- Key Findings