LONDON--(BUSINESS WIRE)--The vinyl flooring market is expected to grow by 262.94 million m2 during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the vinyl flooring market in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19
The vinyl flooring market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure. Click here
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Major Three Vinyl Flooring Market Participants:
Armstrong Flooring Inc.
Armstrong Flooring Inc. operates its business through the Unified segment. The company offers Alvina Vinyl Sheet - Caramel Brown, Alvina Vinyl Sheet - Caramel BrownDiamond 10, and Alvina Vinyl Sheet - GraystoneDiamond 10 among others
Berkshire Hathaway Inc.
Berkshire Hathaway Inc. operates its business through segments such as Manufacturing, McLane Company, Service and Retail, BNSF, and Berkshire Hathaway Energy. The company offers vinyl flooring through its subsidiary Shaw Industries Group Inc.
Forbo Holding AG
Forbo Holding AG operates its business through segments such as Flooring Systems and Movement Systems. The company offers a line of products such as Linoleum, Marmoleum, Heterogeneous vinyl among others.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/vinyl-flooring-market-industry-analysis
Vinyl Flooring Market 2020-2024: Segmentation
Vinyl flooring market is segmented as below:
-
End-user
- Residential
- Commercial
-
Geography
- North America
- Europe
- APAC
- MEA
- South America
The vinyl flooring market is driven by the low cost and easy maintenance of vinyl flooring. In addition, other factors such as the growing demand for luxury vinyl tiles are expected to trigger the vinyl flooring market toward witnessing a CAGR of about 5% during the forecast period.
Get more insights about the global trends impacting the future of the vinyl flooring market, Request a Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45652
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Market Drivers
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Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
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