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Base Year
Historical Year
Forecast Year
Global Vinyl Flooring Market Report Summary | Description | Value |
Base Year | Million Square Metres | 2023 |
Historical Period | Million Square Metres | 2018-2023 |
Forecast Period | Million Square Metres | 2024-2032 |
Market Size 2023 | Million Square Metres | 1,288.43 |
Market Size 2032 | Million Square Metres | 1,998.75 |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 5.0% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 5.4% |
CAGR 2024-2032 - Market by Country | India | 5.5% |
CAGR 2024-2032 - Market by Country | Brazil | 5.3% |
CAGR 2024-2032 - Market by Product Type | Luxury Vinyl Tile (LVT) | 5.6% |
CAGR 2024-2032 - Market by Sector | Commercial | 5.7% |
Market Share by Country 2023 | UK | 3.7% |
Vinyl flooring, also referred to as robust floors, is built by mixing natural and synthetic polymer materials. 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.
The vinyl flooring market dynamics and trends is boosted due to its practical benefits, such as ease of walking and noise reduction, alongside its low maintenance requirements. Modern printing and texturing technologies enable vinyl flooring to replicate various materials like hardwood, marble, and stone, enhancing its appeal.
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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 industry include population growth, rapid urbanisation, and industrialisation, growing availability of revenue, and increased customer interest in home decor.
According to data provided by EPLF, total shipments of laminate flooring to North America were nearly 400 million square feet. This supports the vinyl acetate market revenue, as many vinyl flooring products are highly water and moisture-resistant, making them ideal for high-spill or humid areas like kitchens and bathrooms. The new home construction market, by comparison, accounted for approximately one-fifth of the laminate sales.
In 2023, the construction of new privately owned housing units in the United States demonstrated regional and overall growth, as reported by The U.S. Census Bureau and the U.S. Department of Housing and Urban Development. In June 2023, there were 1,693 thousand units under construction, including 993 thousand single-family homes. This figure increased to 1,702 thousand units in July, reflecting strong demand for new housing.
However, in 2024, the trend of robust construction continued, with January starting at 1,670 thousand units and maintaining strong numbers through the first half of the year. By June 2024, the total number of units under construction was projected to be 1,563 thousand. Regional stability persisted, with the South and West continuing to be the most active areas for housing construction. Overall, the data from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, the robust housing construction market in 2023 and 2024 continues to attract laminate flooring producers. This trend boosts vinyl flooring industry revenue, as vinyl's high resistance to wear and tear makes it perfect for high-traffic areas in both commercial and residential buildings, reducing maintenance and replacement costs.
Mohawk Industries, Inc.
Tarkett S.A.
AFI Licensing LLC
Shaw Industries Group, Inc.
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“Global Vinyl Flooring Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Market Breakup by Sector
Market Breakup by Region
CAGR 2024-2032 - Market by | Country |
India | 5.5% |
Brazil | 5.3% |
USA | 4.8% |
Germany | 4.7% |
UK | 4.5% |
Canada | XX% |
France | 4.3% |
Italy | XX% |
China | XX% |
Japan | XX% |
Australia | XX% |
Saudi Arabia | XX% |
Mexico | XX% |
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The growth of the vinyl flooring industry is expanding due to its advantages in both residential and commercial environments. For residential use, vinyl flooring is durable against scratches, stains, and dents, making it ideal for busy households with pets or children. It also resists water, making it suitable for areas like kitchens and bathrooms.
Additionally, it's easy to maintain, cost-effective, and comes in various designs that mimic higher-end materials. In commercial settings, its durability handles heavy foot traffic, and its straightforward installation reduces downtime. Its low-maintenance nature, affordability, and design flexibility make it well-suited for diverse commercial applications further driving the vinyl flooring demand growth.
The companies offer various flooring products, including carpets, rugs, laminate, vinyl, and ceramic tiles. Known for their innovation and quality, they serve both residential and commercial sectors, advancing flooring technology and design.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the global vinyl flooring market attained a volume of nearly 1288.43 million square metres.
The market is projected to grow at a CAGR of nearly 5% in the forecast period of 2024-2032.
The market is estimated to observe a healthy growth in the forecast period of 2024-2032 to reach a volume of around 1998.75 million square metres by 2032.
The major drivers of the market are increasing construction activities, growing consumer interest in home décor, and the rising awareness of the benefits of vinyl flooring like simple installation and low maintenance costs.
The key trends guiding the growth of the market include the availability of new designs, increasing remodelling activities, and a rise in the demand for modified residential construction material.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Based on product type, the market is broken down into luxury vinyl tile (LVT), vinyl sheet, and vinyl composition tile (VCT).
The market is broken down into residential and commercial.
The competitive landscape consists of Mohawk Industries Inc., Tarkett S.A., AFI Licensing LLC, Shaw Industries Group, Inc., Mannington Mills, Inc., and Gerflor, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
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 Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
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+91-858-608-1494
Philippines
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+63 287899028, +63 967 048 3306
United Kingdom
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+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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