North America Vinyl Flooring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The North America vinyl flooring market size reached 322.5 Million Sq. Meters in 2022. Looking forward, IMARC Group expects the market to reach 365.4 Million Sq. Meters by 2028, exhibiting a growth rate (CAGR) of 2.2% during 2023-2028.
Vinyl flooring, also known as resilient flooring, is made from a combination of natural and synthetic polymer materials. It is water and stain-resistant, and a versatile synthetic flooring material which is widely suitable for kitchens and bathrooms. Vinyl flooring is available in two types, namely, sheet flooring and tile flooring. While sheet flooring offers enhanced water resistance and ease of installation, vinyl tile is mostly preferred by consumers for its better aesthetic value. Moreover, the ability of vinyl flooring to sustain high foot traffic has made it a popular flooring material for use in commercial settings. The availability of advanced print and textural techniques further allows vinyl flooring to achieve the look of a variety of other flooring options, such as hardwood, marble, and stone.
North America vinyl flooring market is currently being driven by several factors. The demand in the region is spurred by numerous advantages of vinyl flooring, such as easy installation and maintenance, cost-effectiveness, and moisture-resistance. Apart from this, rising technological advancements in the manufacturing process have also led to a growth in the vinyl flooring market in terms of the performance, installation and design. Additionally, due to the rising per capita incomes and standards of living, the demand for vinyl flooring products has increased in the region. Moreover, the rising renovation activities have induced growth in the vinyl flooring market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America vinyl flooring market report, along with forecasts at the regional and country levels 2023-2028. Our report has categorized the market based on product type and sector.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Product Type
Vinyl Sheet
Luxury Vinyl Tile (LVT)
Vinyl Composition Tile (VCT)
Market by Sector
Residential
Commercial
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report
1. What was the size of the North America vinyl flooring market in 2022?
2. What is the expected growth rate of the North America vinyl flooring market during 2023-2028?
3. What are the key factors driving the North America vinyl flooring market?
4. What has been the impact of COVID-19 on the North America vinyl flooring market?
5. What is the breakup of the North America vinyl flooring market based on the product type?
6. What is the breakup of the North America vinyl flooring market based on the sector?
7. What are the key regions in the North America vinyl flooring market?
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Vinyl Flooring Market
- 5.1 Market Performance
- 5.2 Market Breakup by Product Type
- 5.3 Market Breakup by Sector
- 5.4 Market Breakup by Region
- 5.5 Market Forecast
- 6 North America Vinyl Flooring Market
- 6.1 Market Performance
- 6.2 Impact of COVID-19
- 6.3 Market Forecast
- 7 North America Vinyl Flooring Market: Breakup by Product Type
- 7.1 Vinyl Sheet
- 7.2 Luxury Vinyl Tile (LVT)
- 7.3 Vinyl Composition Tile (VCT)
- 8 North America Vinyl Flooring Market: Breakup by Sector
- 8.1 Residential
- 8.2 Commercial
- 9 North America Vinyl Flooring Market: Breakup by Country
- 9.1 United States
- 9.1.1 Historical Market Trends
- 9.1.2 Market Breakup by Product Type
- 9.1.3 Market Breakup by Sector
- 9.1.4 Market Forecast
- 9.2 Canada
- 9.2.1 Historical Market Trends
- 9.2.2 Market Breakup by Product Type
- 9.2.3 Market Breakup by Sector
- 9.2.4 Market Forecast
- 9.3 Mexico
- 9.3.1 Historical Market Trends
- 9.3.2 Market Breakup by Product Type
- 9.3.3 Market Breakup by Sector
- 9.3.4 Market Forecast
- 10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
- 11 Value Chain Analysis
- 11.1 Overview
- 11.2 Raw Material Procurement
- 11.3 Manufacturer
- 11.4 Marketing
- 11.5 Distributor/Retailer
- 11.6 Exporter
- 11.7 End-User
- 12 Porter’s Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Rivalry
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
- 13 Price Analysis
- 14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook