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India Vinyl Flooring Market Size, Share, Growth, Forecast: By Product Type: Vinyl Sheet, Luxury Vinyl Tile (LVT), Vinyl Composition Tile (VCT); By Sector: Organised Sector, Unorganised Sector; By End Use: Residential, Commercial; By Import and Domestic Manufacturing; Market Dynamics; Competitive Landscape; 2024-2032
India Vinyl Flooring Market Outlook
The India vinyl flooring market reached a value of 1,180.30 Million in 2023. The market is projected to grow at a CAGR of 7.3% between 2024 and 2032.
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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.
Market Segmentation
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.
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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
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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 market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Sector |
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| Breakup by End Use |
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| Breakup by Import and Domestic Manufacturing |
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| Market Dynamics |
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| Competitive Landscape |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 Opportunities and Challenges in the Market
8 India Flooring Market Overview
8.1 Key Industry Highlights
8.2 India Flooring Historical Market (2018-2023)
8.3 India Flooring Market Forecast (2024-2032)
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 (2018-2023)
9.3 India Vinyl Flooring Market Forecast (2024-2032)
9.4 India Vinyl Flooring Market by Product Type
9.4.1 Vinyl Sheet
9.4.1.1 Historical Trend (2018-2023)
9.4.1.2 Forecast Trend (2024-2032)
9.4.2 Luxury Vinyl Tile (LVT)
9.4.2.1 Historical Trend (2018-2023)
9.4.2.2 Forecast Trend (2024-2032)
9.4.2.3 Market Breakup by Product Type
9.4.2.4 Percentage Replacement by LVT & SPC Tiles in the Flooring Market
9.4.2.5 Market Breakup by Application
9.4.2.6 SPC Tiles Importers
9.4.3 Vinyl Composition Tile (VCT)
9.4.3.1 Historical Trend (2018-2023)
9.4.3.2 Forecast Trend (2024-2032)
9.5 India Vinyl Flooring Market by Sector
9.5.1 Organised Sector
9.5.1.1 Historical Trend (2018-2023)
9.5.1.2 Forecast Trend (2024-2032)
9.5.2 Unorganised Sector
9.5.2.1 Historical Trend (2018-2023)
9.5.2.2 Forecast Trend (2024-2032)
9.6 India Vinyl Flooring Market by End Use
9.6.1 Residential
9.6.1.1 Historical Trend (2018-2023)
9.6.1.2 Forecast Trend (2024-2032)
9.6.2 Commercial
9.6.2.1 Historical Trend (2018-2023)
9.6.2.2 Forecast Trend (2024-2032)
9.7 India Vinyl Flooring Market by Import and Domestic Manufacturing
9.7.1 Imports
9.7.2 Domestic Manufacturing
10 India Vinyl Sheet Flooring Market Analysis
10.1 Key Industry Highlights
10.2 India Vinyl Sheet Flooring Historical Market (2018-2023)
10.3 India Vinyl Sheet Flooring Market Forecast (2024-2032)
10.4 India Vinyl Sheet Flooring Market by Contract Type
10.4.1 Semi-Contract Sheet Vinyl
10.4.1.1 Historical Trend (2018-2023)
10.4.1.2 Forecast Trend (2024-2032)
10.4.2 Contract Sheet Vinyl
10.4.2.1 Historical Trend (2018-2023)
10.4.2.2 Forecast Trend (2024-2032)
10.4.3 Others
10.5 India Vinyl Sheet Flooring Market by Application
10.5.1 Commercial
10.5.1.1 Historical Trend (2018-2023)
10.5.1.2 Forecast Trend (2024-2032)
10.5.1.3 Market Breakup by Application
10.5.1.3.1 Healthcare
10.5.1.3.2 Transport
10.5.1.3.3 Hospitality
10.5.1.3.4 Retail
10.5.1.3.5 Education
10.5.1.3.6 Sports
10.5.1.3.7 Others
10.5.2 Residentia
10.5.2.1 Historical Trend (2018-2023)
10.5.2.2 Forecast Trend (2024-2032)
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 Key Indicators for Demand
11.4 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 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Indian Flooring Market: Key Industry Highlights, 2018 and 2032
2. Indian Flooring Historical Market: Breakup by Product Type (Million Sq. Metres), 2018-2023
3. Indian Flooring Market Forecast: Breakup by Product Type (Million Sq. Metres), 2024-2032
4. India Vinyl Flooring Market: Key Industry Highlights, 2018 and 2032
5. India Vinyl Flooring Historical Market: Breakup by Product Type (Million Sq. Metres), 2018-2023
6. India Vinyl Flooring Market Forecast: Breakup by Product Type (Million Sq. Metres), 2024-2032
7. India Vinyl Flooring Historical Market: Breakup by Sector (Million Sq. Metres), 2018-2023
8. India Vinyl Flooring Market Forecast: Breakup by Sector (Million Sq. Metres), 2024-2032
9. India Vinyl Flooring Historical Market: Breakup by End Use (Million Sq. Metres), 2018-2023
10. India Vinyl Flooring Market Forecast: Breakup by End Use (Million Sq. Metres), 2024-2032
11. India Vinyl Sheet Flooring Market: Key Industry Highlights, 2018 and 2032
12. India Vinyl Sheet Flooring Historical Market: Breakup by Contract Type (Million Sq. Metres), 2018-2023
13. India Vinyl Sheet Flooring Market Forecast: Breakup by Contract Type (Million Sq. Metres), 2024-2032
14. India Vinyl Sheet Flooring Historical Market: Breakup by Application (Million Sq. Metres), 2018-2023
15. India Vinyl Sheet Flooring Market Forecast: Breakup by Application (Million Sq. Metres), 2024-2032
16. India Vinyl Flooring Market Structure
Key Questions Answered in the Report
The India vinyl flooring market reached a value of 1,180.30 Million in 2023.
The market is projected to grow at a CAGR of 7.3% between 2024 and 2032.
The major drivers of the market include rising disposable incomes, increasing population, 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 market along with the rising construction industry.
The major product types include vinyl sheet, luxury vinyl tile (LVT), and vinyl composition tile (VCT).
The major sectors in the market can be divided into organised and unorganised.
The end-use sectors for the India vinyl flooring market include residential and commercial.
Analyst Review
The India vinyl flooring market reached a value of 1,180.30 Million in 2023, 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 2024-2032.
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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