According to the report the global vinyl flooring market is projected to grow at a CAGR of 5% between 2023 and 2028. Aided by the increasing demand for durable and cost-effective flooring options and the versatile applications of vinyl flooring across various sectors, the market is expected to grow significantly by 2028.
Vinyl flooring is a popular choice among consumers due to its durability, water-resistance, and ease of installation. It plays a vital role in both residential and commercial spaces, offering a variety of design options. Vinyl flooring is popular for its outstanding resilience and low care requirements in addition to its visual appeal, making it a practical option for high-traffic areas.
The increasing consumer preference for durable and cost-effective flooring is driving the global vinyl flooring market growth. As consumers become more aware of the long-term benefits associated with durable flooring, there has been a significant shift towards vinyl flooring options. Additionally, the increasing trend of home renovations and interior decoration has further contributed to the increasing popularity of vinyl flooring, as it offers a wide range of designs and styles to choose from.
The broad applications of vinyl flooring across various sectors also play a significant role in fuelling the vinyl flooring market expansion. Due to its water resistance and low care requirements, vinyl flooring is frequently utilised in homes' kitchens, bathrooms, and living spaces. Vinyl flooring is used in the commercial sector in places like offices, shops, and hotels since it is long-lasting and versatile in terms of appearance.
Additionally, there is a greater emphasis on vinyl flooring as a result of the growing demand for eco-friendly flooring solutions in the building and construction sector. The vinyl flooring market has increased as a result of manufacturers' ability to make vinyl flooring with less environmental effect due to developments in technology and production methods.
Technological innovations in vinyl flooring production are expected to further stimulate the vinyl flooring market development. Developments in printing technology have allowed for more realistic designs and textures on vinyl flooring, improving its aesthetic appeal. Furthermore, improvements in the composition of vinyl flooring have led to enhanced durability and resilience, adding to its overall value proposition.
These high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Vinyl flooring is a popular choice among consumers due to its durability, water-resistance, and ease of installation. It plays a vital role in both residential and commercial spaces, offering a variety of design options. Vinyl flooring is popular for its outstanding resilience and low care requirements in addition to its visual appeal, making it a practical option for high-traffic areas.
The increasing consumer preference for durable and cost-effective flooring is driving the global vinyl flooring market growth. As consumers become more aware of the long-term benefits associated with durable flooring, there has been a significant shift towards vinyl flooring options. Additionally, the increasing trend of home renovations and interior decoration has further contributed to the increasing popularity of vinyl flooring, as it offers a wide range of designs and styles to choose from.
The broad applications of vinyl flooring across various sectors also play a significant role in fuelling the vinyl flooring market expansion. Due to its water resistance and low care requirements, vinyl flooring is frequently utilised in homes' kitchens, bathrooms, and living spaces. Vinyl flooring is used in the commercial sector in places like offices, shops, and hotels since it is long-lasting and versatile in terms of appearance.
Additionally, there is a greater emphasis on vinyl flooring as a result of the growing demand for eco-friendly flooring solutions in the building and construction sector. The vinyl flooring market has increased as a result of manufacturers' ability to make vinyl flooring with less environmental effect due to developments in technology and production methods.
Technological innovations in vinyl flooring production are expected to further stimulate the vinyl flooring market development. Developments in printing technology have allowed for more realistic designs and textures on vinyl flooring, improving its aesthetic appeal. Furthermore, improvements in the composition of vinyl flooring have led to enhanced durability and resilience, adding to its overall value proposition.
Market Segmentation
The market can be divided based on product type, sector, and region.Market Segmentation
- Vinyl Sheet
- Luxury Vinyl Tile (LVT)
- Vinyl Composition Tile (VCT)
Market Segmentation
- Residential
- Commercial
Market Segmentation
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global vinyl flooring companies. Some of the major key players explored in the report are as follows:- Mohawk Industries, Inc.
- Tarkett S.A.
- AFI Licensing LLC
- Shaw Industries Group, Inc.
- Mannington Mills, Inc.
- Gerflor
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.These high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of our these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope4 Key Assumptions7 Industry Opportunities and Challenges12 Value Chain Analysis16 Loans and Financial Assistance19 Industry Events and Developments
3 Report Description
5 Executive Summary
6 Snapshot
8 Global Flooring Market Overview
9 Global Vinyl Flooring Market Analysis
10 Regional Analysis
11 Market Dynamics
13 Price Analysis
14 Manufacturing Process
15 Project Details and Cost Analysis
17 Project Economics
18 Competitive Landscape
List of Key Figures and Tables
Companies Mentioned
- Mohawk Industries Inc.
- Tarkett S.A.
- AFI Licensing LLC
- Shaw Industries Group Inc.
- Mannington Mills Inc.
- Gerflor
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 134 |
| Published | October 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value in 2023 | 1288.41 Million Square Metres |
| Forecasted Market Value by 2028 | 1644.38 Million Square Metres |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 6 |
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