◆英語タイトル：ASEAN Luxury Vinyl Tile (LVT) Market- Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The ASEAN LVT Flooring Market is projected to grow with a CAGR of more than 4% in the forecast period 2021-2026.
COVID-19 has shaken ASEAN economies and changed market scenario. It has negatively impacted the ASEAN Luxury Vinyl Tile (LVT) Market. Accordingly, this segment has took take the greatest hit in 2020. There was some concern that transactions would be halted due to manufacturing industries shutting down due to Coronavirus, restricted the construction of housing and building projects and the lockdown restrictions have limited the new purchases of LVT flooring and the outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021.
Economic development and substantial infrastructure development have constituted regional revenue generation. Further, the patterns associated with domestic production, import and export, and consumption have helped market participants to analyze and capitalize on potential opportunities. In this region, LVT is sold to homeowners and to contractors for condominium and large-scale property development projects, such as office/shopping complexes. Architects and interior designers often influence customer choices for ceramic tile products in the country. Besides, the qualitative and quantitative parameters provided in the report with detailed analysis highlight the driving and restraining factors of the ASEAN LVT Flooring Market. Thailand, Malaysia, and Indonesia have some of the largest and most successful tile manufacturers, who are constantly innovating in terms of product offerings in the country, which is expected to further fuel the demand for LVT in the region in upcoming years. The growth will be supported by increasing urbanization and mounting disposable income. The productive forces behind such an extravagant jump include tremendous growth of tile trade between ASEAN countries, which affords regional countries the possibility to establish itself as the regional hub in the area.
Key Market Trends
Increasing Consumption of LVT in ASEAN Region
Luxury vinyl tiles (LVT) enhances the aesthetic appeal of a building, along with properties such as durability, comfort, and protection from extreme weather conditions. These factors are projected to drive the residential and commercial sectors during the forecast period.
The use of LVT flooring solutions in residential and commercial buildings also enhances the aesthetic appeal and provides durability and comfort. Luxury vinyl tiles are preferred for bathrooms, kitchens, laundry rooms, and basements, due to their waterproof features in residential buildings. Further, LVTs don’t trap dust and pet dander in the bedrooms. Practical, hygienic, and highly durable, LVT is a flooring product that’s ideal for commercial spaces. LVT is resistant to marks and scuffs – particularly when made with a UV-cured coating. While durability is always a consideration when selecting a flooring material, it’s an absolute must for high-traffic applications such as airport terminals, schools, hospitals, and restaurants. All these factors are projected to drive the demand for LVT flooring solutions in the residential sector.
Flexible LVT Segments is in Demands Due To Its Inherit Properties
The flexible segment is in huge demand in the luxury vinyl tiles flooring market as it is affordable and is installed in regions that have extreme weather conditions. The growth of the flexible segment remains high due to its properties, which makes it a preferred luxury vinyl tile flooring solution for the residential as well as commercial application. The flexible luxury vinyl tile flooring solutions are considered suitable for almost all applications such as residential and commercial. It is a traditional glue-down flooring material and has several properties such as durability, flexibility, ease of installation, and is budget-friendly, which is projected to drive the growth of this segment.
The report covers major international players operating in the ASEAN Luxury Vinyl Tile (LVT) market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters 5 Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the Market
5 MARKET SEGMENTATION
5.1 By Product Type
5.2 By End User
5.3 By Distribution Channel
5.3.1 Manufacturer Owned Stores
5.3.2 Speciality Stores
5.3.3 Online Stores
5.3.4 Other Distribution Channels
5.4 By Geography
5.4.7 Other Countries
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.2 Rumah Lantai Indonesia
6.1.5 Novelty Flooring Enterprise
6.1.6 APO Floors
6.1.7 The Horizon
6.1.8 Mannington Mills
6.1.9 Power Décor
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
*** 免責事項 ***https://www.globalresearch.co.jp/disclaimer/