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India Vinyl Flooring Market: By Product Type; By Sector; By End Use; By Import and Domestic Manufacturing; Market Dynamics; Historical Market and Forecast (2015-2025); Manufacturing Process; Project Details, Requirements and Costs Involved; Loans and Financial Assistance; Competitive Landscape; Industry Events and Developments

India Vinyl Flooring Market Outlook

The India vinyl flooring market reached a volume of 42 million square metres in 2019 while growing at a CAGR of about 5% between 2015 and 2019. The market is further expected to grow at a positive rate in the forecast period of 2020-2025.

The India vinyl flooring market is being supported by the rising Asia Pacific vinyl flooring market. The Asia Pacific has been one of the leading markets, both in terms of volume and revenue, and the development is likely to continue over the forecast period. Traditionally, ceramic tiles have dominated the Asian flooring industry, but growing customer demands, requiring product variety and better design, are going to have a significant effect on industry development. China has become the largest construction market in the world, as well as the largest user of vinyl flooring. The demand for the commodity in the country is expected to increase significantly over the coming years. Changes in the country's design and building patterns for the production of new architecture systems are likely to have a positive effect on business growth.

 

Properties and Applications

Vinyl flooring or durable flooring is developed using a mixture of synthetic and natural polymer materials that are placed in duplicate structural units. This durable synthetic flooring material is water-resistant and has a wide range of features, such as flexible handling, longevity, design variations, and other favourable features. Thanks to these favourable properties, it is commonly used in schools, hospitals, offices, and residential complexes. In addition, vinyl flooring is cost-effective, easy to walk on, and eliminates impact noise, which is mostly used as an alternative to carpet flooring that needs higher maintenance costs. At present, advanced printing and textural technologies are available on the market, which make it possible for vinyl flooring to replicate the appearance of various flooring choices, like hardwood, marble, and stone.

Based on product type, the market can be divided into:

  • Vinyl Sheet
  • Luxury Vinyl Tile (LVT)
  • Vinyl Composition Tile (VCT)

On the basis of sector, the industry can be divided into:

  • Organised
  • Unorganised

On the basis of end use, the market can be divided into:

  • Residential
  • Commercial

The market breakup on the basis of import and domestic manufacturing is:

  • Imports
  • Domestic Manufacturing

 

Market Analysis

In recent years, growing customer disposable incomes have allowed them to upgrade their lifestyle and make investments in high-quality luxury housing projects as well as infrastructural projects. In addition, consumers feel that a properly decorated home is a sign of social status, which is why they are experimenting with different flooring options, like vinyl flooring, to improve and preserve their social image. With changes to the national economic scenario, the construction sector is expected to see a rapid growth in the coming years. The redesigning of urban areas in existing cities and the development of smart cities are also projected to stimulate the growth of the market. Moreover, due to India's increasingly growing population, there is anticipated to be a strong demand for residential complexes, that will further boost the demand for vinyl flooring. 

Manufacturers are using advanced manufacturing methods and techniques to produce better designs and increase the efficiency of the product. Vinyl flooring with higher resolution and finer textures are now being developed because of these developments. In addition, manufacturers have also streamlined the construction process by introducing self-adhesive, gluing, and interlocking tiles together with loose lay tiles, which is further aiding the market growth in India.

The report gives a detailed analysis of the key players in the India vinyl flooring market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds. The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Indian Vinyl Flooring Market Snapshot
7    Industry Opportunities and Challenges
8    India Flooring Market Overview

    8.1    Key Industry Highlights
    8.2    India Flooring Historical Market (2015-2019) 
    8.3    India Flooring Market Forecast (2020-2025)
    8.4    India Flooring Market by Product Type
9    India Vinyl Flooring Market Analysis
    9.1    Key Industry Highlights
    9.2    India Vinyl Flooring Historical Market (2015-2019) 
    9.3    India Vinyl Flooring Market Forecast (2020-2025)
    9.4    India Vinyl Flooring Market by Product Type
        9.4.1    Vinyl Sheet
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
        9.4.2    Luxury Vinyl Tile (LVT)
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019)
            9.4.2.3    Forecast Trend (2020-2025)
            9.4.2.4    Market Breakup by Product Type
            9.4.2.5    Percentage Replacement by LVT & SPC Tiles in the Flooring Market
            9.4.2.6    Market Breakup by Application
            9.4.2.7    SPC Tiles Importers
        9.4.3    Vinyl Composition Tile (VCT)
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2015-2019)
            9.4.3.3    Forecast Trend (2020-2025)
    9.5    India Vinyl Flooring Market by Sector
        9.5.1    Organised Sector
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2015-2019)
            9.5.1.3    Forecast Trend (2020-2025)
        9.5.2    Unorganised Sector
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2015-2019)
            9.5.2.3    Forecast Trend (2020-2025)
    9.6    India Vinyl Flooring Market by End Use
        9.6.1     Residential
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2015-2019)
            9.6.1.3    Forecast Trend (2020-2025)
        9.6.2     Commercial
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2015-2019)
            9.6.2.3    Forecast Trend (2020-2025)
    9.7    India Vinyl Flooring Market by Import and Domestic Manufacturing  
        9.7.1    Market Share
            9.7.1.1    Imports
            9.7.1.2    Domestic Manufacturing
10    India Vinyl Sheet Flooring Market Analysis
    10.1    Key Industry Highlights
    10.2    India Vinyl Sheet Flooring Historical Market (2015-2019) 
    10.3    India Vinyl Sheet Flooring Market Forecast (2020-2025)
    10.4    India Vinyl Sheet Flooring Market by Contract Type
        10.4.1    Semi-Contract Sheet Vinyl
            10.4.1.1    Market Share
            10.4.1.2    Historical Trend (2015-2019)
            10.4.1.3    Forecast Trend (2020-2025)
        10.4.2    Contract Sheet Vinyl
            10.4.2.1    Market Share
            10.4.2.2    Historical Trend (2015-2019)
            10.4.2.3    Forecast Trend (2020-2025)
        10.4.3    Others
    10.5    India Vinyl Sheet Flooring Market by Application
        10.5.1    Commercial
            10.5.1.1    Market Share
            10.5.1.2    Historical Trend (2015-2019)
            10.5.1.3    Forecast Trend (2020-2025)
            10.5.1.4    Market Breakup by Application
                10.5.1.4.1    Healthcare
                10.5.1.4.2    Transport
                10.5.1.4.3    Hospitality
                10.5.1.4.4    Retail
                10.5.1.4.5    Education
                10.5.1.4.6    Sports
                10.5.1.4.7    Others
        10.5.2    Residential
            10.5.2.1    Market Share
            10.5.2.2    Historical Trend (2015-2019)
            10.5.2.3    Forecast Trend (2020-2025)
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Manufacturing Process

    13.1    Detailed Process Flow
    13.2    Operations Involved
14    Project Details, Requirements and Costs Involved
    14.1    Land Requirements and Expenditures
    14.2    Construction Requirements and Expenditures
    14.3    Plant Machinery
    14.4    Machinery Pictures
    14.5    Raw Materials Requirements and Expenditures
    14.6    Raw Material and Final Product Pictures
    14.7    Packaging Requirements and Expenditures
    14.8    Transportation Requirements and Expenditures
    14.9    Utilities Requirements and Expenditures
    14.10    Manpower Requirements and Expenditures
    14.11    Other Capital Investments
15    Loans and Financial Assistance
16    Project Economics

    16.1    Capital Cost of the Project
    16.2    Techno-Economic Parameters
    16.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    16.4    Taxation and Depreciation
    16.5    Income Projections
    16.6    Expenditure Projections
    16.7    Financial Analysis
    16.8    Profit Analysis
17    Competitive Landscape
    17.1    Market Structure
    17.2    Key Players’ Market Share
    17.3    Company Profiles
18    Industry Events and Developments

 

List of Figures and Tables

1.    Indian Flooring Market: Key Industry Highlights, 2015 and 2025
2.    Indian Flooring Historical Market: Breakup by Product Type (Million Sq. Metres), 2015-2019
3.    Indian Flooring Market Forecast: Breakup by Product Type (Million Sq. Metres), 2020-2025
4.    India Vinyl Flooring Market: Key Industry Highlights, 2015 and 2025
5.    India Vinyl Flooring Historical Market: Breakup by Product Type (Million Sq. Metres), 2015-2019
6.    India Vinyl Flooring Market Forecast: Breakup by Product Type (Million Sq. Metres), 2020-2025
7.    India Vinyl Flooring Historical Market: Breakup by Sector (Million Sq. Metres), 2015-2019
8.    India Vinyl Flooring Market Forecast: Breakup by Sector (Million Sq. Metres), 2020-2025
9.    India Vinyl Flooring Historical Market: Breakup by End Use (Million Sq. Metres), 2015-2019
10.    India Vinyl Flooring Market Forecast: Breakup by End Use (Million Sq. Metres), 2020-2025
11.    India Vinyl Sheet Flooring Market: Key Industry Highlights, 2015 and 2025
12.    India Vinyl Sheet Flooring Historical Market: Breakup by Contract Type (Million Sq. Metres), 2015-2019
13.    India Vinyl Sheet Flooring Market Forecast: Breakup by Contract Type (Million Sq. Metres), 2020-2025
14.    India Vinyl Sheet Flooring Historical Market: Breakup by Application (Million Sq. Metres), 2015-2019
15.    India Vinyl Sheet Flooring Market Forecast: Breakup by Application (Million Sq. Metres), 2020-2025
16.    India Vinyl Flooring Market Structure

Key Questions Answered in the Report

The India vinyl flooring market reached a volume of 42 million square metres in 2019.

The market grew at a CAGR of about 5% in the historical period of 2015 and 2019.

The major drivers of the industry include rising disposable incomes, increasing population, rising construction industry, and the growing infrastructure sector.

The rising disposable incomes of the consumers have allowed them to upgrade their lifestyle and make investments in high-quality luxury housing and infrastructural projects. This is expected to be a key trend guiding the growth of the industry.

The major product types include vinyl sheet, luxury vinyl tile (LVT), and vinyl composition tile (VCT).

The major sectors in the industry can be divided into organised and unorganised.

The end-use sectors for the product include residential and commercial.

Analyst Review

The India vinyl flooring market grew at a CAGR of 5% in the historical period and attained a volume of 42 million square metres in 2019, driven by the growth in the construction industry. Aided by the rising demand for residential complexes, the industry is expected to witness a further growth in the forecast period of 2020-2025.

EMR's meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its product type, the India vinyl flooring market can be segmented into vinyl sheet, luxury vinyl tile (LVT), and vinyl composition tile (VCT). By sectors, the industry is divided into organised and unorganised. On the basis of end use, the industry can be segmented into residential and commercial. 

EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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