Introduction by darius helm statistics by market insights llc.
Flooring industry statistics 2016 big box growth.
Vinyl flooring is a finished flooring material predominately made from a combination of limestone base material mixed with composites of natural and synthetic polymer materials such as.
This report forecasts revenue growth at global regional and country levels and provides an analysis of the latest industry trends in each of the sub segments from 2016 to 2027.
In 2016 the market value of vinyl flooring market was estimated to be worth 20 2 billion u s.
The growth in the region can be attributed to the growing construction industry supportive government policies plans and rapid urbanization.
Dollars and was forecast to reach a value of 48 5 billion u s.
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According to data from pitchbook while 2018 saw the most amount of capital ever invested into subscription box businesses the number of venture capital deals peaked back in 2016.
Asia pacific is projected to be the fastest growing market for flooring during the forecast period.
Flooring market size was valued at around usd 339 billion in 2019 and will showcase growth rate close to 7 7 cagr from the period of 2020 to 2026 rising urbanization spending across the globe coupled with easy availability of finance options will boost the product sales over the projected time period.
Vinyl flooring market overview.
The global vinyl flooring market was valued at 20 194 76 million in 2016 and is projected to reach 48 471 15 million by 2023 registering a cagr of 13 3 from 2017 to 2023.
While growth rates pale in comparison to the mid 2000s heydays the industry last year continued to post steady gains across the board with increases of 5 1 in dollars and 3 8 in volume.
This market is expected to total 14 8 billion in volume of squares and more than 16 1 billion in dollar amount in 2018 increasing at a compound annual growth rate cagr of 4 5 in volume of squares and 5 3 in dollar amount for the period of 2013 to 2018.
Volume 34 issue 1 the flooring industry in 2017 continued its prolonged climb back from the economic slump that plagued the united states from 2007 2010 led by the resilient category in general and everything waterproof in particular.
The asia pacific market for flooring is projected to grow at the highest cagr from 2018 to 2027.
Floorcovering industry posted modest 3 6 growth with total revenues of 20 526 billion according to market.
While growth rates pale in comparison to the mid 2000 heydays the industry last year.
Volume 32 issue 1 the flooring industry in 2016 continued its recovery from the great recession.
For the purpose of this study grand view research has segmented the global flooring market report on the basis of product application and region.
