Los Angeles, CA (PRWEB) June 30, 2014
Resilient flooring has a buyer power score of 3.2 out of 5, reflecting market conditions that are currently favorable for buyers. There are about 1,600 suppliers providing resilient flooring at the manufacturing and distributor levels. Manufacturers have been trending toward vertical integration and consolidation, while the number of distributors has displayed steady growth during the three years to 2014. “With a stable supplier base and a wide range of substitute products to choose from, buyers have considerable leverage during the negotiation process,” says IBISWorld business research analyst Kiera Outlaw.
Resilient flooring has surpassed laminate, its most formidable competitor, in popularity for commercial application. Although laminate is more durable, and often cheaper than resilient flooring, laminate does not provide the high level of moisture resistance that resilient flooring provides. Still, resilient flooring has a long way to go before it begins to nip at the heels of commercial carpet, which alone accounts for between 45.0% and 50.0% of the total flooring market. To provide more value, suppliers are increasingly developing new technologies to make resilient flooring more durable and more moisture resistant and these efforts have supported price growth during the period. “However, the large pool of suppliers combined with the high availability of substitutes has given buyers greater leverage during the negotiation process,” says Outlaw.
In the three years to 2017, resilient flooring prices are forecast to grow. Stronger demand from the nonresidential construction sector is anticipated to drive price growth, though the rate of growth will be tempered by declining demand from office spaces as the vacancy rate falls and demand from commercial renovation projects declines. The number of suppliers will display some growth, and buyers will continue to use that as leverage during the negotiation process. Major vendors include Armstrong World Industries Inc., Mannington Mills Inc., Shaw Industries Group Inc. and Tarkett Group. For more information, visit IBISWorld’s Resilient Flooring procurement category market research report page.
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IBISWorld Procurement Report Key Topics
The report is intended to assist buyers of resilient flooring. Resilient flooring is an engineered flooring material that is a cheaper alternative to other hard surface flooring, such as hardwood or laminate. Resilient flooring includes luxury vinyl tile (LVT), sheet vinyl, vinyl composition tile (VCT), cork and rubber. Buyers can purchase resilient flooring from manufacturers and distributors, although contractors can also purchase flooring on a buyer’s behalf. This report excludes flooring made from other materials, such as carpet, as well as flooring installation, maintenance and repair services.
Recent Price Trend
Product Life Cycle
Total Cost of Ownership
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Market Share Concentration
Buying Lead Time
Key RFP Elements
Buyer Power Factors
About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.