Vinyl Flooring Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	280 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185579

Best Price Guarantee
Price	from $4,850
Length	280 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185579

Vinyl Flooring Market

Growth Factors of Vinyl Flooring Market

The vinyl flooring market size was valued at USD 36.63 billion in 2023, and the market is now projected to grow from USD 39.19 billion in 2024 to USD 66.94 billion by 2032, exhibiting a CAGR of 6.8% during the forecast period of 2023-2030.

The lack of availability and supply of raw materials has hindered the market. The shortage of contractor workforces has delayed the existing and new construction plans. The construction projects were postponed due to the lockdown restrictions in different countries. This decreased the demand for flooring around the globe. However, the contractors also reported a drop in their project delays that showcases new business opportunities. The government plans and investments in constructing healthcare and medical facilities in a short duration of time are expected to generate flooring products. The COVID-19 pandemic created significant hindrance on the vinyl flooring market growth.

The vinyl flooring market share globally has been contributed due to the rapid growth in residential building. The rising relocation of the population to cities is increasing necessities for more housing and infrastructure. This requirement has created an opening avenue and a challenge for the architecture, engineering, and construction (AEC) sector. Rapid urban development is possible to impact on a local, regional, and ultimately global level. Through this demand, it is expected to increase schools, energy systems, hospitals, and employment opportunities.

The high demand for luxury vinyl tiles (LVTs) from the construction industry is impelling the market growth. The flooring sector has evolved tremendously owing to emerging technologies and the increasing use of specialized machinery. This has led to the demand for enduring industrial and commercial LVTs. It decreases substitute cost and material wastage to meet environmental and sustainability objectives. This type is mostly used in retail, offices, and hospitality. It is also a low-maintenance flooring solution because it can be easily cleaned and has better-quality properties as well as water and slip resistance.

Comprehensive Analysis of Vinyl Flooring Market

The vinyl flooring market and chemicals & advanced materials industry is rising at an exponential rate due to its market segmentation. This market expansion efficiently provides a detailed regional assessment considering the dominant supply and demand forces that impact the building & construction materials industry. These segmentations are methodically segregated by type and end-use. The type includes vinyl sheets, vinyl tiles, and luxury vinyl tiles. However, the end-use is residential and non-residential.

The Asia Pacific region is conducive to the global vinyl flooring market, leading to a recall of USD 12.43 billion because of the progress of the construction industry and planned projects in China and India. The escalating urbanization has raised the implementation of renovation in commercial and residential buildings and accelerates demand for such flooring in this region.

The top players in the market play a crucial role in the building & construction materials industry assuring industrial prospectus growth and setting market standards. These players include Armstrong Flooring, Inc. (U.S.), Forbo Flooring Systems (Netherlands), Mohawk Industries, Inc. (U.S.), Tarkett S.A. (France), Mannington Mills, Inc. (U.S.), Shaw Industries Group, Inc. (U.S.), LG Hausys (South Korea), Greflor (France), Interface, Inc. (U.S.), Polyflor Ltd (U.K.), these market players provide a level-playing competitive landscape.

In October 2023, Tarkett Home announced the next generation of its innovative ‘FiberFloor’ sheet vinyl collection. The High Street sheet, particularly designed with Main Street in mind, offers the durability needed for light commercial applications and the stylish designs to suit any decor.

Segmentation Table

Global Vinyl Flooring Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 6.8% during 2024-2032

Unit Value (USD Billion) and Volume (Bn Sq. Mt.)

Segmentation By Type

- Vinyl Sheets

- Vinyl Tiles

- Luxury Vinyl Tiles

By End-Use

- Residential

- Non-Residential

By Geography

- North America (By Type, By End-Use, By Country)

U.S. (By End-Use)
Mexico (By End-Use)
Canada (By End-Use)

- Europe (By Type, By End-Use, By Country)

Germany (By End-Use)
France (By End-Use)
Spain (By End-Use)
Italy (By End-Use)
U.K. (By End-Use)
Russia (By End-Use)
Rest of Europe (By End-Use)

- Asia Pacific (By Type, By End-Use, By Country)

China (By End-Use)
India (By End-Use)
Japan (By End-Use)
Southeast Asia (By End-Use)
Rest of Asia Pacific (By End-Use)

- South America (By Type, By End-Use, By Country)

Brazil (By End-Use)
Rest of South America (By End-Use)

- Middle East & Africa (By Type, By End-Use, By Country)

GCC (By End-Use)
Rest of Middle East & Africa (By End-Use)

Please Note:

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities
4. Key Insights: 4.1. Key Emerging Trends – For Major Regions; 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.; 4.3. Latest Technological Advancement; 4.4. Insights on Sustainability; 4.5. Porters Five Forces Analysis; 4.6. Impact of COVID-19 on Global Vinyl Flooring Market
5. Global Vinyl Flooring Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. by Type (Volume/Value); 5.2.1. Vinyl Sheets; 5.2.2. Vinyl Tiles; 5.2.3. Luxury Vinyl Tiles; 5.3. by End-Use (Volume/Value); 5.3.1. Residential; 5.3.2. Non-Residential; 5.4. by Region (Volume/Value); 5.4.1. North America; 5.4.2. Europe; 5.4.3. Asia Pacific; 5.4.4. South America; 5.4.5. Middle East & Africa
6. North America Vinyl Flooring Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. by Type (Volume/Value); 6.2.1. Vinyl Sheets; 6.2.2. Vinyl Tiles; 6.2.3. Luxury Vinyl Tiles; 6.3. by End-Use (Volume/Value); 6.3.1. Residential; 6.3.2. Non-Residential; 6.4. by Country (Volume/Value); 6.4.1. U.S.; 6.4.1.1. by End-Use (Volume/Value); 6.4.1.1.1. Residential; 6.4.1.1.2. Non-Residential; 6.4.2. Mexico; 6.4.2.1. by End-Use (Volume/Value); 6.4.2.1.1. Residential; 6.4.2.1.2. Non-Residential; 6.4.3. Canada; 6.4.3.1. by End-Use (Volume/Value); 6.4.3.1.1. Residential; 6.4.3.1.2. Non-Residential
7. Europe Vinyl Flooring Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. by Type (Volume/Value); 7.2.1. Vinyl Sheets; 7.2.2. Vinyl Tiles; 7.2.3. Luxury Vinyl Tiles; 7.3. by End-Use (Volume/Value); 7.3.1. Residential; 7.3.2. Non-Residential; 7.4. by Country (Volume/Value); 7.4.1. Germany; 7.4.1.1. by End-Use (Volume/Value); 7.4.1.1.1. Residential; 7.4.1.1.2. Non-Residential; 7.4.2. France; 7.4.2.1. by End-Use (Volume/Value); 7.4.2.1.1. Residential; 7.4.2.1.2. Non-Residential; 7.4.3. Spain; 7.4.3.1. by End-Use (Volume/Value); 7.4.3.1.1. Residential; 7.4.3.1.2. Non-Residential; 7.4.4. Italy; 7.4.4.1. by End-Use (Volume/Value); 7.4.4.1.1. Residential; 7.4.4.1.2. Non-Residential; 7.4.5. U.K.; 7.4.5.1. by End-Use (Volume/Value); 7.4.5.1.1. Residential; 7.4.5.1.2. Non-Residential; 7.4.6. Russia; 7.4.6.1. by End-Use (Volume/Value); 7.4.6.1.1. Residential; 7.4.6.1.2. Non-Residential; 7.4.7. Rest of Europe; 7.4.7.1. by End-Use (Volume/Value); 7.4.7.1.1. Residential; 7.4.7.1.2. Non-Residential
8. Asia-Pacific Vinyl Flooring Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. by Type (Volume/Value); 8.2.1. Vinyl Sheets; 8.2.2. Vinyl Tiles; 8.2.3. Luxury Vinyl Tiles; 8.3. by End-Use (Volume/Value); 8.3.1. Residential; 8.3.2. Non-Residential; 8.4. by Country (Volume/Value); 8.4.1. China; 8.4.1.1. by End-Use (Volume/Value); 8.4.1.1.1. Residential; 8.4.1.1.2. Non-Residential; 8.4.2. India; 8.4.2.1. by End-Use (Volume/Value); 8.4.2.1.1. Residential; 8.4.2.1.2. Non-Residential; 8.4.3. Japan; 8.4.3.1. by End-Use (Volume/Value); 8.4.3.1.1. Residential; 8.4.3.1.2. Non-Residential; 8.4.4. Southeast Asia; 8.4.4.1. by End-Use (Volume/Value); 8.4.4.1.1. Residential; 8.4.4.1.2. Non-Residential; 8.4.5. Rest of Asia Pacific; 8.4.5.1. by End-Use (Volume/Value); 8.4.5.1.1. Residential; 8.4.5.1.2. Non-Residential
9. South America Vinyl Flooring Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. by Type (Volume/Value); 9.2.1. Vinyl Sheets; 9.2.2. Vinyl Tiles; 9.2.3. Luxury Vinyl Tiles; 9.3. by End-Use (Volume/Value); 9.3.1. Residential; 9.3.2. Non-Residential; 9.4. by Country (Volume/Value); 9.4.1. Brazil; 9.4.1.1. by End-Use (Volume/Value); 9.4.1.1.1. Residential; 9.4.1.1.2. Non-Residential; 9.4.2. Rest of South America; 9.4.2.1. by End-Use (Volume/Value); 9.4.2.1.1. Residential; 9.4.2.1.2. Non-Residential
10. Middle East & Africa Vinyl Flooring Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. by Type (Volume/Value); 10.2.1. Vinyl Sheets; 10.2.2. Vinyl Tiles; 10.2.3. Luxury Vinyl Tiles; 10.3. by End-Use (Volume/Value); 10.3.1. Residential; 10.3.2. Non-Residential; 10.4. by Country (Volume/Value); 10.4.1. GCC; 10.4.1.1. by Applucation (Volume/Value); 10.4.1.1.1. Residential; 10.4.1.1.2. Non-Residential; 10.4.2. Rest of Middle East & Africa; 10.4.2.1. by End-Use (Volume/Value); 10.4.2.1.1. Residential; 10.4.2.1.2. Non-Residential
11. Company Profiles: 11.1.; 11.1.1. Armstrong Flooring, Inc.; 11.1.1.1. Overview; 11.1.1.2. Description; 11.1.1.3. Product Portfolio; 11.1.1.4. Financials (Data as available in public domain and/or on paid databases); 11.1.1.5. Recent Developments; 11.1.2. FORBO; 11.1.2.1. Overview; 11.1.2.2. Description; 11.1.2.3. Product Portfolio; 11.1.2.4. Financials (Data as available in public domain and/or on paid databases); 11.1.2.5. Recent Developments; 11.1.3. Mohawk Industries, Inc.; 11.1.3.1. Overview; 11.1.3.2. Description; 11.1.3.3. Product Portfolio; 11.1.3.4. Financials (Data as available in public domain and/or on paid databases); 11.1.3.5. Recent Developments; 11.1.4. Tarkett S.A.; 11.1.4.1. Overview; 11.1.4.2. Description; 11.1.4.3. Product Portfolio; 11.1.4.4. Financials (Data as available in public domain and/or on paid databases); 11.1.4.5. Recent Developments; 11.1.5. Mannington Mills, Inc.; 11.1.5.1. Overview; 11.1.5.2. Description; 11.1.5.3. Product Portfolio; 11.1.5.4. Financials (Data as available in public domain and/or on paid databases); 11.1.5.5. Recent Developments; 11.1.6. Shaw Industries Group, Inc.; 11.1.6.1. Overview; 11.1.6.2. Description; 11.1.6.3. Product Portfolio; 11.1.6.4. Financials (Data as available in public domain and/or on paid databases); 11.1.6.5. Recent Developments; 11.1.7. LG Hausys; 11.1.7.1. Overview; 11.1.7.2. Description; 11.1.7.3. Product Portfolio; 11.1.7.4. Financials (Data as available in public domain and/or on paid databases); 11.1.7.5. Recent Developments; 11.1.8. Gerflor; 11.1.8.1. Overview; 11.1.8.2. Description; 11.1.8.3. Product Portfolio; 11.1.8.4. Financials (Data as available in public domain and/or on paid databases); 11.1.8.5. Recent Developments; 11.1.9. Interface, Inc.; 11.1.9.1. Overview; 11.1.9.2. Description; 11.1.9.3. Product Portfolio; 11.1.9.4. Financials (Data as available in public domain and/or on paid databases); 11.1.9.5. Recent Developments; 11.1.10. Polyflor Ltd; 11.1.10.1. Overview; 11.1.10.2. Description; 11.1.10.3. Product Portfolio; 11.1.10.4. Financials (Data as available in public domain and/or on paid databases); 11.1.10.5. Recent Developments; 11.1.11. Other Key Players; 11.1.11.1. Overview; 11.1.11.2. Description; 11.1.11.3. Product Portfolio; 11.1.11.4. Financials (Data as available in public domain and/or on paid databases); 11.1.11.5. Recent Developments
12. Strategic Recommendations