Global Vinyl Plank Flooring Market Growth 2023-2029

Global Vinyl Plank Flooring Market Growth 2023-2029

Vinyl plank flooring, also called luxury vinyl flooring (LVF), is also 100 percent synthetic, but in these products, the core layer is a thicker, multi-layer PVC vinyl. Luxury vinyl comes in planks or tiles, sometimes called LVP and LVT, respectively. There are glue-down and loose-fit versions available, but also interlocking styles that join together in much the same way as laminate flooring planks.

LPI (LP Information)' newest research report, the “Vinyl Plank Flooring Industry Forecast” looks at past sales and reviews total world Vinyl Plank Flooring sales in 2022, providing a comprehensive analysis by region and market sector of projected Vinyl Plank Flooring sales for 2023 through 2029. With Vinyl Plank Flooring sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vinyl Plank Flooring industry.

This Insight Report provides a comprehensive analysis of the global Vinyl Plank Flooring landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vinyl Plank Flooring portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vinyl Plank Flooring market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vinyl Plank Flooring and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vinyl Plank Flooring.

The global Vinyl Plank Flooring market size is projected to grow from US$ 7366.5 million in 2022 to US$ 11400 million in 2029; it is expected to grow at a CAGR of 11400 from 2023 to 2029.

The global top three vinyl plank flooring manufacturers include CFL Flooring, Zhejiang Bamboo Technology, and Tarkett, with a total market share of about 20%. The largest producer among them is CFL Flooring, with a market share of over 8%. China is the global leading vinyl plank flooring producing region, with a market share of over 60%. In terms of type, the market share of SPC reaches more than 45%. In the application field, the market share for residential use exceeds 70%.

This report presents a comprehensive overview, market shares, and growth opportunities of Vinyl Plank Flooring market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Flexible Vinyl Plank Flooring
Rigid Vinyl Plank Flooring

Segmentation by application
Residential Use
Commercial Use

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Tarkett
Armstrong
Mannington Mills
Mohawk
Congoleum
Gerflor
Forbo
Novalis
LG Hausys
Karndean
CFL Flooring
Beaulieu
NOX Corporation
Metroflor
Milliken
Polyflor
Snmo LVT

Key Questions Addressed in this Report

What is the 10-year outlook for the global Vinyl Plank Flooring market?

What factors are driving Vinyl Plank Flooring market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Vinyl Plank Flooring market opportunities vary by end market size?

How does Vinyl Plank Flooring break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.