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Vinyl Flooring Market - By Product Type [Vinyl Sheets, Vinyl Tiles (Luxury Vinyl Tiles), Vinyl Planks (Luxury Vinyl Planks)], By Production Process (Inlaid, Printed), By Components (Polyvinyl Chloride Resins, Plasticizers, Trace Stabilizers, Pigments, Others), By End-Use [Residential and Non-residential (Commercial/Industrial)], By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030
Vinyl Flooring Market Overview:
Vinyl Flooring Market is estimated to reach $73 billion by 2030, growing at a CAGR of 8.2% from 2023-2030. Increasing demand for durable and low-maintenance flooring options, the rising popularity of DIY home renovation projects and increasing construction activities for commercial and residential spaces are propelling the Vinyl Flooring Market growth.
Additionally, the significant investments by the government and private manufacturers to construct new residential spaces are creating substantial growth opportunities for the Vinyl Flooring Market. According to Statistics Canada, total investments in building construction in November 2022 were $20.4 billion. Simultaneously, the changing lifestyle of the consumers for interior remodeling and decoration to enhance the aesthetic appeal are some of the major Vinyl Flooring Market opportunities. These factors positively influence the Vinyl Flooring industry outlook during the forecast period.
Market Snapshot:
Vinyl Flooring Market - Report Coverage:
The “Vinyl Flooring Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Vinyl Flooring Market.
| Attribute | Segment |
|---|---|
By Product Type |
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By Production Process |
|
By Components |
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By End-Use |
|
By Geography |
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COVID-19 / Ukraine Crisis - Impact Analysis:
- Due to the global economic crisis caused by the Covid pandemic, consumers were willing to invest more in essential goods and services. Besides, the demand for vinyl flooring depends largely upon new construction projects. The lockdown imposed by the government during the pandemic suspended construction activities severely which negatively impacted the Vinyl Flooring Market.
- Russia was one of the largest suppliers of raw materials for vinyl flooring. Most engineered flooring products such as engineered vinyl planks which are being used in Vinyl Flooring used to come from Russia. As most companies prohibited business operations in Russia, the Vinyl Flooring Market faces further challenges.
Key Takeaways:
Fastest Growth of North America Region
Geographically, in the global Vinyl Flooring market share, North America is analyzed to grow with the highest CAGR of 8.7% during the forecast period 2023-2030. Technologically advanced and innovative product launches by major manufacturers present in the region are cost-effective and can endure high foot traffic driving Vinyl Flooring Market in North American region.
Luxury Vinyl Tiles to Register the Fastest Growth
In the Vinyl Flooring Market analysis, the Luxury Vinyl Tiles segment is estimated to grow with the highest CAGR of 9.1% during the forecast period. These (LVT) are greatly in demand due to their excellent properties of durability, comfort, and protection. Additionally, the increased disposable income of the consumers is nourishing growth opportunities for this particular segment.
For instance, in May 2020, Interface luxury vinyl tile (LVT) products started being made with 39% pre-consumer recycled content. With this significant move, Interface expanded the use of recycled content across its product portfolio, furthering its Climate Take Back™ mission to reverse global warming.
Inlaid Production Process is Leading the Market
According to the Vinyl Flooring Market forecast, the inlaid production process held the largest market valuation of $12 billion in 2022. Geometric patterns in vinyl tiles and vinyl rolls are currently in higher demand as they generate a unique look to the rooms or spaces. Additionally, the ease of installation further bolsters the higher demand for inlaid vinyl floorings.
Better Performance in Comparison to Laminate Flooring
Vinyl sheets, planks and tiles are waterproof, especially the more recent Wood Plastic Composite (WPC) and Stoned Plastic Composite (SPC) products. Although laminate floorings are quite similar to vinyl flooring, they are vulnerable to moisture. Vinyl flooring options also possess a lifespan almost double that of laminate flooring solutions.
Adoption of Wide Plank Vinyl Flooring
Professionals in the fields of design, architecture, and construction are searching for innovative and cost-efficient methods for flooring creation. This desire for stylish options has resulted in the widespread use of wide plank vinyl flooring, which offers savings of 50% compared to traditional hardware flooring and has an average lifespan of 20 years. Additionally, these are very easy to install as well and they come with superior cleanability and stain resistance.
Harmful Impacts due to VOC Emission Hamper the Market Growth
Vinyl is a petroleum-based synthetic commodity manufactured from Polyvinyl chloride resin and additives including plasticizers, stabilizers and other hazardous chemicals. Manufacturing of such floorings causes VOC emission which is a major source of indoor air pollution. According to the World Health Organization (WHO), about 7 million people die each year as a result of breathing dirty air. This factor impedes the Vinyl Flooring market growth.
Vinyl Flooring Market Share (%) By Region, 2022
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Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Vinyl Flooring Market. The top 10 companies in this industry are listed below:
- Mohawk Industries (Mohawk Vinyl Sheet, Versatech Essentials)
- Tarkett S.A. (Tarkett Touch, Tarkett Vinyl Tiles)
- Armstrong World Industries Inc. (Hickory Plank Vinyl Sheet, Antique Oak Vinyl Sheet)
- Shaw Industries Inc. (Shaw Primavera, Shaw Trendsetter)
- Mannington Mills Inc. (Mannigton Revive, Stone Luxury Vinyl Sheet)
- Gerflor Group (LVT Creation 70, LVT Creation 40)
- Forbo Group (Allura Luxury Vinyl Tiles, Heterogenous Vinyl)
- Beaulieu International Group (Acme Beige, Admiral 2330)
- Interface Inc. (Cliff LVT, Criterion Classic Stones LVT)
- Polyflor Ltd. (Camaro Wood PUR, Camaro Loc PUR)
Scope of Report:
| Report Metric | Details |
|---|---|
Base Year Considered | 2022 |
Forecast Period | 2023–2030 |
CAGR | 8.2% |
Market Size in 2030 | $73 billion |
Segments Covered | Product Type, Production Process, Components, Application and Region |
Geographies Covered | North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa). |
Key Market Players |
|
Frequently Asked Questions:
Q1. What is the growth rate of the Vinyl Flooring Market during the forecast period?
The Vinyl Flooring Market is projected to grow at 8.2% CAGR during the forecast period 2023-2030.
Q2. What is the predicted growth of the Global Vinyl Flooring Market size from 2023 to 2030?
Global Vinyl Flooring Market size is estimated to be $42 billion in 2023 and is projected to reach $73 billion by 2030
Q3. Which are the leading players in the Vinyl Flooring Market?
The leading players in the Vinyl Flooring Market are Mohawk Industries Inc., Tarkett S.A., Armstrong World Industries Inc., Shaw Industries Inc., Mannington Mills Inc. and others.
Q4. What are the major trends that will shape the market in the future?
New designs and patterns along with consumer preference towards neutral and light-coloured vinyl rolls, sheets and tiles are some of the major Vinyl Flooring Market trends in the industry which will create growth opportunities for the market during the forecast period.
Q5. What are the driving factors and opportunities in the market?
Increasing construction activities of commercial and residential buildings, better durability and performance of vinyl flooring are the driving factors of the market.
Relevant Reports:
Report Code: CMR 74261
Report Code: CMR 1245
Report Code: CMR 79634
1. Vinyl Flooring Market - Overview
1.1. Definitions and Scope
2. Vinyl Flooring Market - Executive Summary
3. Vinyl Flooring Market - Comparative Analysis
3.1. Company Benchmarking - Key Companies
3.2. Global Financial Analysis - Key Companies
3.3. Market Share Analysis - Key Companies
3.4. Patent Analysis
3.5. Pricing Analysis
4. Vinyl Flooring Market - Start-up Companies Scenario (Premium)
4.1. Key Start-up Company Analysis by
4.1.1. Investment
4.1.2. Revenue
4.1.3. Venture Capital and Funding Scenario
5. Vinyl Flooring Market – Market Entry Scenario Premium (Premium)
5.1. Regulatory Framework Overview
5.2. New Business and Ease of Doing Business Index
5.3. Case Studies of Successful Ventures
6. Vinyl Flooring Market - Forces
6.1. Market Drivers
6.2. Market Constraints
6.3. Market Challenges
6.4. Porter's Five Force Model
6.4.1. Bargaining Power of Suppliers
6.4.2. Bargaining Powers of Customers
6.4.3. Threat of New Entrants
6.4.4. Rivalry Among Existing Players
6.4.5. Threat of Substitutes
7. Vinyl Flooring Market – Strategic Analysis
7.1. Value Chain Analysis
7.2. Opportunities Analysis
7.3. Market Life Cycle
8. Vinyl Flooring Market – by Product Type (Market Size – $Million/$Billion)
8.1. Vinyl Sheets
8.2. Vinyl Tiles (Luxury Vinyl Tiles)
8.3. Vinyl Planks (Luxury Vinyl Planks)
9. Vinyl Flooring Market – by Production Process (Market Size – $Million/$Billion)
9.1. Inlaid
9.2. Printed
10. Vinyl Flooring Market – by Components (Market Size – $Million/$Billion)
10.1. Polyvinyl Chloride Resins
10.2. Plasticizers
10.3. Trace Stabilizers
10.4. Pigments
10.5. Others
11. Vinyl Flooring Market – by End-Use (Market Size – $Million/$Billion)
11.1. Residential
11.2. Non-Residential (Commercial/Industrial)
12. Vinyl Flooring Market – by Geography (Market Size – $Million/$Billion)
12.1. North America
12.1.1. The U.S.
12.1.2. Canada
12.1.3. Mexico
12.2. Europe
12.2.1. UK
12.2.2. Germany
12.2.3. France
12.2.4. Italy
12.2.5. Spain
12.2.6. Russia
12.2.7. Rest of Europe
12.3. Asia-Pacific
12.3.1. China
12.3.2. India
12.3.3. Japan
12.3.4. South Korea
12.3.5. Australia & New Zealand
12.3.6. Rest of Asia-Pacific
12.4. South America
12.4.1. Brazil
12.4.2. Argentina
12.4.3. Chile
12.4.4. Colombia
12.4.5. Rest of South America
12.5. Rest of the World
12.5.1. Middle East
12.5.2. Africa
13. Vinyl Flooring Market – Entropy
14. Vinyl Flooring Market – Industry/Segment Competition Landscape Premium
14.1. Market Share Analysis
14.1.1. Market Share by Product Type – Key Companies
14.1.2. Market Share by Region – Key Companies
14.1.3. Market Share by Country – Key Companies
14.2. Competition Matrix
14.3. Best Practices for Companies
15. Vinyl Flooring Market – Key Company List by Country Premium Premium
16. Vinyl Flooring Market - Company Analysis
16.1. Company 1
16.2. Company 2
16.3. Company 3
16.4. Company 4
16.5. Company 5
16.6. Company 6
16.7. Company 7
16.8. Company 8
16.9. Company 9
16.10. Company 10
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LIST OF TABLES
1.Global Vinyl Flooring Market, By Product Market 2023-2030 ($M)1.1 Luxury Vinyl Tile Market 2023-2030 ($M) - Global Industry Research
1.2 Vinyl Sheet Vinyl Composite Tile Market 2023-2030 ($M) - Global Industry Research
2.Global Vinyl Flooring Market, By End-User Industry Market 2023-2030 ($M)
2.1 Residential Market 2023-2030 ($M) - Global Industry Research
2.2 Healthcare Market 2023-2030 ($M) - Global Industry Research
2.3 Retail Market 2023-2030 ($M) - Global Industry Research
2.4 Education Market 2023-2030 ($M) - Global Industry Research
2.5 Sport Market 2023-2030 ($M) - Global Industry Research
2.6 Hospitality Market 2023-2030 ($M) - Global Industry Research
2.7 Office Market 2023-2030 ($M) - Global Industry Research
2.8 Industrial Market 2023-2030 ($M) - Global Industry Research
2.9 Automotive Market 2023-2030 ($M) - Global Industry Research
3.Global Vinyl Flooring Market, By Product Market 2023-2030 (Volume/Units)
3.1 Luxury Vinyl Tile Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Vinyl Sheet Vinyl Composite Tile Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Vinyl Flooring Market, By End-User Industry Market 2023-2030 (Volume/Units)
4.1 Residential Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Healthcare Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Retail Market 2023-2030 (Volume/Units) - Global Industry Research
4.4 Education Market 2023-2030 (Volume/Units) - Global Industry Research
4.5 Sport Market 2023-2030 (Volume/Units) - Global Industry Research
4.6 Hospitality Market 2023-2030 (Volume/Units) - Global Industry Research
4.7 Office Market 2023-2030 (Volume/Units) - Global Industry Research
4.8 Industrial Market 2023-2030 (Volume/Units) - Global Industry Research
4.9 Automotive Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Vinyl Flooring Market, By Product Market 2023-2030 ($M)
5.1 Luxury Vinyl Tile Market 2023-2030 ($M) - Regional Industry Research
5.2 Vinyl Sheet Vinyl Composite Tile Market 2023-2030 ($M) - Regional Industry Research
6.North America Vinyl Flooring Market, By End-User Industry Market 2023-2030 ($M)
6.1 Residential Market 2023-2030 ($M) - Regional Industry Research
6.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
6.3 Retail Market 2023-2030 ($M) - Regional Industry Research
6.4 Education Market 2023-2030 ($M) - Regional Industry Research
6.5 Sport Market 2023-2030 ($M) - Regional Industry Research
6.6 Hospitality Market 2023-2030 ($M) - Regional Industry Research
6.7 Office Market 2023-2030 ($M) - Regional Industry Research
6.8 Industrial Market 2023-2030 ($M) - Regional Industry Research
6.9 Automotive Market 2023-2030 ($M) - Regional Industry Research
7.South America Vinyl Flooring Market, By Product Market 2023-2030 ($M)
7.1 Luxury Vinyl Tile Market 2023-2030 ($M) - Regional Industry Research
7.2 Vinyl Sheet Vinyl Composite Tile Market 2023-2030 ($M) - Regional Industry Research
8.South America Vinyl Flooring Market, By End-User Industry Market 2023-2030 ($M)
8.1 Residential Market 2023-2030 ($M) - Regional Industry Research
8.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
8.3 Retail Market 2023-2030 ($M) - Regional Industry Research
8.4 Education Market 2023-2030 ($M) - Regional Industry Research
8.5 Sport Market 2023-2030 ($M) - Regional Industry Research
8.6 Hospitality Market 2023-2030 ($M) - Regional Industry Research
8.7 Office Market 2023-2030 ($M) - Regional Industry Research
8.8 Industrial Market 2023-2030 ($M) - Regional Industry Research
8.9 Automotive Market 2023-2030 ($M) - Regional Industry Research
9.Europe Vinyl Flooring Market, By Product Market 2023-2030 ($M)
9.1 Luxury Vinyl Tile Market 2023-2030 ($M) - Regional Industry Research
9.2 Vinyl Sheet Vinyl Composite Tile Market 2023-2030 ($M) - Regional Industry Research
10.Europe Vinyl Flooring Market, By End-User Industry Market 2023-2030 ($M)
10.1 Residential Market 2023-2030 ($M) - Regional Industry Research
10.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
10.3 Retail Market 2023-2030 ($M) - Regional Industry Research
10.4 Education Market 2023-2030 ($M) - Regional Industry Research
10.5 Sport Market 2023-2030 ($M) - Regional Industry Research
10.6 Hospitality Market 2023-2030 ($M) - Regional Industry Research
10.7 Office Market 2023-2030 ($M) - Regional Industry Research
10.8 Industrial Market 2023-2030 ($M) - Regional Industry Research
10.9 Automotive Market 2023-2030 ($M) - Regional Industry Research
11.APAC Vinyl Flooring Market, By Product Market 2023-2030 ($M)
11.1 Luxury Vinyl Tile Market 2023-2030 ($M) - Regional Industry Research
11.2 Vinyl Sheet Vinyl Composite Tile Market 2023-2030 ($M) - Regional Industry Research
12.APAC Vinyl Flooring Market, By End-User Industry Market 2023-2030 ($M)
12.1 Residential Market 2023-2030 ($M) - Regional Industry Research
12.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
12.3 Retail Market 2023-2030 ($M) - Regional Industry Research
12.4 Education Market 2023-2030 ($M) - Regional Industry Research
12.5 Sport Market 2023-2030 ($M) - Regional Industry Research
12.6 Hospitality Market 2023-2030 ($M) - Regional Industry Research
12.7 Office Market 2023-2030 ($M) - Regional Industry Research
12.8 Industrial Market 2023-2030 ($M) - Regional Industry Research
12.9 Automotive Market 2023-2030 ($M) - Regional Industry Research
13.MENA Vinyl Flooring Market, By Product Market 2023-2030 ($M)
13.1 Luxury Vinyl Tile Market 2023-2030 ($M) - Regional Industry Research
13.2 Vinyl Sheet Vinyl Composite Tile Market 2023-2030 ($M) - Regional Industry Research
14.MENA Vinyl Flooring Market, By End-User Industry Market 2023-2030 ($M)
14.1 Residential Market 2023-2030 ($M) - Regional Industry Research
14.2 Healthcare Market 2023-2030 ($M) - Regional Industry Research
14.3 Retail Market 2023-2030 ($M) - Regional Industry Research
14.4 Education Market 2023-2030 ($M) - Regional Industry Research
14.5 Sport Market 2023-2030 ($M) - Regional Industry Research
14.6 Hospitality Market 2023-2030 ($M) - Regional Industry Research
14.7 Office Market 2023-2030 ($M) - Regional Industry Research
14.8 Industrial Market 2023-2030 ($M) - Regional Industry Research
14.9 Automotive Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Vinyl Flooring Market Revenue, 2023-2030 ($M)2.Canada Vinyl Flooring Market Revenue, 2023-2030 ($M)
3.Mexico Vinyl Flooring Market Revenue, 2023-2030 ($M)
4.Brazil Vinyl Flooring Market Revenue, 2023-2030 ($M)
5.Argentina Vinyl Flooring Market Revenue, 2023-2030 ($M)
6.Peru Vinyl Flooring Market Revenue, 2023-2030 ($M)
7.Colombia Vinyl Flooring Market Revenue, 2023-2030 ($M)
8.Chile Vinyl Flooring Market Revenue, 2023-2030 ($M)
9.Rest of South America Vinyl Flooring Market Revenue, 2023-2030 ($M)
10.UK Vinyl Flooring Market Revenue, 2023-2030 ($M)
11.Germany Vinyl Flooring Market Revenue, 2023-2030 ($M)
12.France Vinyl Flooring Market Revenue, 2023-2030 ($M)
13.Italy Vinyl Flooring Market Revenue, 2023-2030 ($M)
14.Spain Vinyl Flooring Market Revenue, 2023-2030 ($M)
15.Rest of Europe Vinyl Flooring Market Revenue, 2023-2030 ($M)
16.China Vinyl Flooring Market Revenue, 2023-2030 ($M)
17.India Vinyl Flooring Market Revenue, 2023-2030 ($M)
18.Japan Vinyl Flooring Market Revenue, 2023-2030 ($M)
19.South Korea Vinyl Flooring Market Revenue, 2023-2030 ($M)
20.South Africa Vinyl Flooring Market Revenue, 2023-2030 ($M)
21.North America Vinyl Flooring By Application
22.South America Vinyl Flooring By Application
23.Europe Vinyl Flooring By Application
24.APAC Vinyl Flooring By Application
25.MENA Vinyl Flooring By Application
26.Armstrong Flooring, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Berkshire Hathaway Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Cbc Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Congoleum Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Forbo Holding Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Gerflor, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Mannington Mills, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Mohawk Industries, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Novalis Innovative Flooring, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Tarkett S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)