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Global Vinyl Flooring Market: By Product Type: Vinyl Sheet, Luxury Vinyl Tile (LVT), Vinyl Composition Tile (VCT); By Sector: Residential, Commercial; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Manufacturing Process; Project Details and Cost Analysis; Competitive Landscape; Industry Events and Developments

Global Vinyl Flooring Market Outlook

The global vinyl flooring market reached a volume of about 1113 million square metres in 2019. The market is further expected to grow at a CAGR of around 5% between 2020 and 2025 to reach a volume of nearly 1491.5 million square metres by 2025.

North America has a strong dominant position in the industry, accounting for a majority of the industry share. This is due to the increased construction activities and recognition of the benefits provided by vinyl flooring, including simple installation, low maintenance costs, as well as the availability of new designs. The industry is being dominated by the residential sector due to an increase in the demand for modified residential construction material. Luxury vinyl tiles account for the largest segment because they are a low-cost option for tiles or planks.

 

Properties and Applications

Vinyl flooring, also referred to as robust floors, is built by mixing natural and synthetic polymer materials put in structural units. This is a durable synthetic flooring material that is water as well as stain-resistant. Vinyl floors are cost-effective and have many qualities, like longevity, robust handling, and design capabilities that make them perfect in hospitals, schools, offices, and homes. Moreover, vinyl floors are easy to walk on and decrease impact noise because they also serve as an alternative to higher maintenance floors. Presently, advanced printing and texture techniques are available, allowing vinyl floors to mimic a variety of flooring choices, including hardwood, marble, stone, and others.

Based on product type, the industry can be segmented as follows:

  • Vinyl SheetLuxury Vinyl Tile (LVT)
  • Vinyl Composition Tile (VCT)

On the basis of sector, the market can be divided as follows:

  • Residential
  • Commercial

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The worldwide recovery of the economy has boosted the overall construction market, aiding the growth of the global vinyl flooring market in the historical period. The current poor infrastructure has furthermore driven the growth of the industry, especially in developing regions, such as Africa, Asia, Eastern Europe, and Latin America. To survive the market competition, businesses are broadening their consumer base and using advancements in technology to print and launch groundbreaking graphical film layers as well as flexible vinyl flooring designs. Other factors that are promoting the growth on the vinyl flooring market include population growth, rapid urbanization and industrialization, growing availability of revenue, and increased customer interest in home decor.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global vinyl flooring market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Mohawk Industries Inc. 
  • Tarkett S.A.
  • AFI Licensing LLC
  • Shaw Industries Group, Inc. 
  • Mannington Mills, Inc. 
  • Gerflor
  • Others

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    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Flooring Market Overview

    8.1    Key Industry Highlights
    8.2    Global Flooring Historical Market (2015-2019) 
    8.3    Global Flooring Market Forecast (2020-2025)
    8.4    Global Flooring Market by Segment
        8.4.1    Hard Flooring 
            8.4.1.1    Stone
            8.4.1.2    Ceramic
            8.4.1.3    Hardwood
            8.4.1.4    Vinyl
            8.4.1.5    Wooden Laminates
        8.4.2    Soft Flooring
            8.4.2.1    Carpets
            8.4.2.2    Mats
            8.4.2.3    Rugs
    8.5    Global Flooring Market by Sector
    8.6    Global Flooring Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Global Vinyl Flooring Market Analysis
    9.1    Key Industry Highlights
    9.2    Global Vinyl Flooring Historical Market (2015-2019) 
    9.3    Global Vinyl Flooring Market Forecast (2020-2025)
    9.4    Global 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)
        9.4.3    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    Global Vinyl Flooring Market by Sector
        9.5.1    Residential
            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    Commercial
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2015-2019)
            9.5.2.3    Forecast Trend (2020-2025)
    9.6    Global Vinyl Flooring Market by Region
        9.6.1    Market Share
            9.6.1.1    North America
            9.6.1.2    Europe
            9.6.1.3    Asia Pacific
            9.6.1.4    Latin America
            9.6.1.5    Middle East and Africa
10    Regional Analysis
    10.1    North America
        10.1.1    Historical Trend (2015-2019)
        10.1.2    Forecast Trend (2020-2025)
        10.1.3    Breakup by Country
            10.1.3.1    United States of America 
            10.1.3.2    Canada
    10.2    Europe
        10.2.1    Historical Trend (2015-2019)
        10.2.2    Forecast Trend (2020-2025)
        10.2.3    Breakup by Country
            10.2.3.1    United Kingdom
            10.2.3.2    Germany
            10.2.3.3    France
            10.2.3.4    Italy
            10.2.3.5    Others
    10.3    Asia Pacific
        10.3.1    Historical Market (2015-2019)
        10.3.2    Market Forecast (2020-2025)
        10.3.3    Breakup by Country
            10.3.3.1    China
            10.3.3.2    Japan
            10.3.3.3    India
            10.3.3.4    ASEAN
            10.3.3.5    Australia
            10.3.3.6    Others
    10.4    Latin America
        10.4.1    Historical Trend (2015-2019)
        10.4.2    Forecast Trend (2020-2025)
        10.4.3    Breakup by Country
            10.4.3.1    Brazil
            10.4.3.2    Argentina
            10.4.3.3    Mexico
            10.4.3.4    Others
    10.5    Middle East and Africa
        10.5.1    Historical Trend (2015-2019)
        10.5.2    Forecast Trend (2020-2025)
        10.5.3    Breakup by Country
            10.5.3.1    Saudi Arabia
            10.5.3.2    United Arab Emirates
            10.5.3.3    Nigeria
            10.5.3.4    South Africa
            10.5.3.5    Others
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    Price Analysis

    13.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    13.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
14    Manufacturing Process
    14.1    Detailed Process Flow
    14.2    Operations Involved
    14.3    Mass Balance and Raw Material
15    Project Details and Cost Analysis
    15.1    Land, Location and Site Development
    15.2    Construction
    15.3    Plant Layout
    15.4    Plant Machinery
    15.5    Raw Material Requirement
    15.6    Packaging
    15.7    Transportation
    15.8    Utilities
    15.9    Manpower
    15.10    Other Capital Investment
16    Loans and Financial Assistance
17    Project Economics

    17.1    Capital Cost of Project
    17.2    Techno-Economic Parameters
    17.3    Product Pricing and Margins
    17.4    Taxation and Depreciation
    17.5    Income Projections
    17.6    Expenditure Projections
    17.7    Financial Analysis
18    Competitive Landscape
    18.1    Market Structure
    18.2    Key Players’ Market Share
    18.3    Company Profiles
        18.3.1    Mohawk Industries, Inc.
            18.3.1.1    Company Overview
            18.3.1.2    Product Portfolio
            18.3.1.3    Demographic Reach and Achievements
            18.3.1.4    Financial Summary
            18.3.1.5    Certifications
        18.3.2    Tarkett S.A.
            18.3.2.1    Company Overview
            18.3.2.2    Product Portfolio
            18.3.2.3    Demographic Reach and Achievements
            18.3.2.4    Financial Summary
            18.3.2.5    Certifications
        18.3.3    AFI Licensing LLC
            18.3.3.1    Company Overview
            18.3.3.2    Product Portfolio
            18.3.3.3    Demographic Reach and Achievements
            18.3.3.4    Financial Summary
            18.3.3.5    Certifications
        18.3.4    Shaw Industries Group, Inc.
            18.3.4.1    Company Overview
            18.3.4.2    Product Portfolio
            18.3.4.3    Demographic Reach and Achievements
            18.3.4.4    Financial Summary
            18.3.4.5    Certifications
        18.3.5    Mannington Mills, Inc.
            18.3.5.1    Company Overview
            18.3.5.2    Product Portfolio
            18.3.5.3    Demographic Reach and Achievements
            18.3.5.4    Financial Summary
            18.3.5.5    Certifications
        18.3.6    Gerflor
            18.3.6.1    Company Overview
            18.3.6.2    Product Portfolio
            18.3.6.3    Demographic Reach and Achievements
            18.3.6.4    Financial Summary
            18.3.6.5    Certifications
        18.3.7    Others
19    Industry Events and Developments

 

List of Figures and Tables

1.    Global Flooring Market: Key Industry Highlights, 2015 and 2025
2.    Global Flooring Historical Market: Breakup by Segment (Million Square Metres), 2015-2019
3.    Global Flooring Market Forecast: Breakup by Segment (Million Square Metres), 2020-2025
4.    Global Flooring Historical Market: Breakup by Sector (Million Square Metres), 2015-2019
5.    Global Flooring Market Forecast: Breakup by Sector (Million Square Metres), 2020-2025
6.    Global Flooring Historical Market: Breakup by Region (Million Square Metres), 2015-2019
7.    Global Flooring Market Forecast: Breakup by Region (Million Square Metres), 2020-2025
8.    Global Vinyl Flooring Market: Key Industry Highlights, 2015 and 2025
9.    Global Vinyl Flooring Historical Market: Breakup by Product Type (Million Square Metres), 2015-2019
10.    Global Vinyl Flooring Market Forecast: Breakup by Product Type (Million Square Metres), 2020-2025
11.    Global Vinyl Flooring Historical Market: Breakup by Sector (Million Square Metres), 2015-2019
12.    Global Vinyl Flooring Market Forecast: Breakup by Sector (Million Square Metres), 2020-2025
13.    Global Vinyl Flooring Historical Market: Breakup by Region (Million Square Metres), 2015-2019
14.    Global Vinyl Flooring Market Forecast: Breakup by Region (Million Square Metres), 2020-2025
15.    North America Vinyl Flooring Historical Market: Breakup by Country (Million Square Metres), 2015-2019
16.    North America Vinyl Flooring Market Forecast: Breakup by Country (Million Square Metres), 2020-2025
17.    Europe Vinyl Flooring Historical Market: Breakup by Country (Million Square Metres), 2015-2019
18.    Europe Vinyl Flooring Market Forecast: Breakup by Country (Million Square Metres), 2020-2025
19.    Asia Pacific Vinyl Flooring Historical Market: Breakup by Country (Million Square Metres), 2015-2019
20.    Asia Pacific Vinyl Flooring Market Forecast: Breakup by Country (Million Square Metres), 2020-2025
21.    Latin America Vinyl Flooring Historical Market: Breakup by Country (Million Square Metres), 2015-2019
22.    Latin America Vinyl Flooring Market Forecast: Breakup by Country (Million Square Metres), 2020-2025
23.    Middle East and Africa Vinyl Flooring Historical Market: Breakup by Country (Million Square Metres), 2015-2019
24.    Middle East and Africa Vinyl Flooring Forecast: Breakup by Country (Million Square Metres), 2020-2025
25.    North America Historical Price Trends and Forecast 2015-2025
26.    Europe Historical Price Trends and Forecast 2015-2025
27.    Asia Pacific Historical Price Trends and Forecast 2015-2025
28.    Latin America Historical Price Trends and Forecast 2015-2025
29.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
30.    Global Vinyl Flooring Market Structure

Key Questions Answered in the Report

In 2019, the global vinyl flooring market attained a volume of nearly 1113 million square metres.

The market is projected to grow at a CAGR of 5% between 2020 and 2025.

The market is estimated to grow in the forecast period of 2020-2025 to reach a volume of around 1491.5 million square metres by 2025.

The major drivers of the industry, such as increased construction activities, growing customer interest in home décor, and the rising awareness of the benefits of vinyl flooring like simple installation and its low maintenance cost are expected to aid the market growth.

The key market trends guiding the growth of the vinyl flooring market include the availability of new designs and a rise in the demand for modified residential construction material.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with North America accounting for the largest share in the market.

Luxury vinyl tile is the leading vinyl flooring type in the industry.

The residential sector accounts for the largest share in the market, among other sectors.

The major players in the industry are Mohawk Industries Inc., Tarkett S.A., AFI Licensing LLC, Shaw Industries Group, Inc., Mannington Mills, Inc., and Gerflor, among others.

Analyst Review

The global vinyl flooring market attained a volume of nearly 1113 million square metres in 2019 driven by the growing construction activities and rising customer interest towards home décor, along with growing disposable incomes. Aided by the increasing availability and launch of new designs, the market is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 5%. The vinyl flooring market is projected to reach a volume of 1491.5 million square metres by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the vinyl flooring industry can be segmented into vinyl sheet, luxury vinyl tile (LVT), and vinyl composition tile (VCT), with luxury vinyl tile type accounting for the largest market share. Based on sectors, the residential segment accounts for the leading share in the industry. The major regional markets for vinyl flooring are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with North America accounting for the largest share of the market. The key players in the above market include Mohawk Industries Inc., Tarkett S.A., AFI Licensing LLC, Shaw Industries Group, Inc., Mannington Mills, Inc., Gerflor, and others.

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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