Vinyl Flooring Market size to grow by USD 11,531.07 million from 2022 to 2027, APAC to account for 47% of the global market growth - Technavio

NEW YORK, May 12, 2023 /PRNewswire/ -- The vinyl flooring market size is expected to grow by USD 11,531.07 million from 2022 to 2027. The market is expected to be progressing at a CAGR of 6.89% as per the latest Technavio market research report. APAC is estimated to account for 47% of the market's overall growth. China, India, and Japan are two major countries that contribute to the growth of the market during the forecast period. Although vinyl flooring is not as popular in APAC as in other regions, vinyl flooring products, especially LVT, are expected to be increasingly accepted by the commercial and residential end-user industries during the forecast period. Hence, the growth of the construction market, together with the increasing adoption of vinyl flooring materials, will fuel the growth of the market in APAC. For more insights on the market share of various regions- Download a sample report in MINUTES

Vinyl Flooring Market: Increase in building and construction activities to drive growth

• The low cost and easy maintenance are a major driving factors for the market growth. 
• LVT is cost-effective, which is almost three times the price of hardwood flooring. Proper maintenance of hardwood requires significant amounts of material processing and finishing.
• The price of hardwood raw material (wood) is also high compared to LVT, which usually uses PVC and calcium carbonate.
• Since LVT is durable and can withstand high-traffic areas, commercial builders prefer LVT over hardwood flooring.
• Hence, such factors drive the market growth of vinyl flooring during the forecast period.

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Vinyl Flooring Market: Vinyl Planks Making A Comeback 

• Vinyl planks making a comeback is the major trend in the vinyl flooring market. 
• Vinyl planks are stylish, affordable, and exhibit good resilience, which over the first-generation vinyl flooring have enabled vinyl planks to make a strong comeback in the commercial and residential end-user industries.
• Moreover, vinyl planks are offered as 100% waterproof, which enables their use in bathroom and kitchen flooring.
• According to the norms of LEED credit EQ4.3 for Low-Emitting Materials, contemporary vinyl planks also meet high environmental standards in terms of low emission.
• Hence, such challenges impede the market growth of vinyl flooring during the forecast period.

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Some of the key Vinyl Flooring Market Players:

The vinyl flooring market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Armstrong Flooring Inc., C.I. TAKIRON Corp., CBC Co. Ltd., Congoleum Corp., Forbo Management SA, Gerflor, Interface Inc., James Halstead plc, LG Hausys Ltd., Mannington Mills Inc., Mohawk Industries, Novalis Holdings, Responsive Industries Ltd., Shaw Industries Group Inc., Tarkett, and Toli Corp.

Vinyl Flooring Market: Segmentation Analysis

This market research report segments the vinyl flooring market by End-user (Commercial and Residential), Product (Luxury vinyl tile, Vinyl composite tile, and Vinyl sheet), and Geography (APAC, North America, Europe, Middle East and Africa, and South America).

• The market share growth of the commercial segment will be significant for overall market growth during the forecast period. The growth of the segment includes retail buildings and office buildings drives the demand for vinyl flooring in the segment. The number of hotels, hospitals, restaurants, educational institutions, and storage warehouses is increasing rapidly worldwide. For example, the commercial building floor space globally is expected to register a 39% increase during 2017-2050. Hence, the growth of the commercial segment will lead to an increase in the demand for vinyl flooring during the forecast period. 

The report comprises of various segments as well as analysis of the trends and factors that are playing a substantial role in the market - Grab an Exclusive Sample Report

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Table of Contents: 

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global vinyl flooring market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global vinyl flooring market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Commercial - Market size and forecast 2022-2027
• Exhibit 34: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 6.4 Residential - Market size and forecast 2022-2027
• Exhibit 38: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by End-user 
• Exhibit 42: Market opportunity by End-user ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 43: Chart on Product - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 45: Chart on Comparison by Product
• Exhibit 46: Data Table on Comparison by Product

• 7.3 Luxury vinyl tile - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Luxury vinyl tile - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Luxury vinyl tile - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Luxury vinyl tile - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Luxury vinyl tile - Year-over-year growth 2022-2027 (%)

• 7.4 Vinyl composite tile - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Vinyl composite tile - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Vinyl composite tile - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Vinyl composite tile - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Vinyl composite tile - Year-over-year growth 2022-2027 (%)

• 7.5 Vinyl sheet - Market size and forecast 2022-2027
• Exhibit 55: Chart on Vinyl sheet - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Vinyl sheet - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Vinyl sheet - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Vinyl sheet - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Product 
• Exhibit 59: Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 101: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Armstrong Flooring Inc. 
• Exhibit 112: Armstrong Flooring Inc. - Overview
• Exhibit 113: Armstrong Flooring Inc. - Product / Service
• Exhibit 114: Armstrong Flooring Inc. - Key news
• Exhibit 115: Armstrong Flooring Inc. - Key offerings

• 12.4 C.I. TAKIRON Corp. 
• Exhibit 116: C.I. TAKIRON Corp. - Overview
• Exhibit 117: C.I. TAKIRON Corp. - Business segments
• Exhibit 118: C.I. TAKIRON Corp. - Key offerings
• Exhibit 119: C.I. TAKIRON Corp. - Segment focus

• 12.5 CBC Co. Ltd. 
• Exhibit 120: CBC Co. Ltd. - Overview
• Exhibit 121: CBC Co. Ltd. - Product / Service
• Exhibit 122: CBC Co. Ltd. - Key offerings

• 12.6 Congoleum Corp. 
• Exhibit 123: Congoleum Corp. - Overview
• Exhibit 124: Congoleum Corp. - Product / Service
• Exhibit 125: Congoleum Corp. - Key offerings

• 12.7 Forbo Management SA 
• Exhibit 126: Forbo Management SA - Overview
• Exhibit 127: Forbo Management SA - Business segments
• Exhibit 128: Forbo Management SA - Key offerings
• Exhibit 129: Forbo Management SA - Segment focus

• 12.8 Gerflor 
• Exhibit 130: Gerflor - Overview
• Exhibit 131: Gerflor - Product / Service
• Exhibit 132: Gerflor - Key offerings

• 12.9 Interface Inc. 
• Exhibit 133: Interface Inc. - Overview
• Exhibit 134: Interface Inc. - Product / Service
• Exhibit 135: Interface Inc. - Key offerings

• 12.10 James Halstead plc 
• Exhibit 136: James Halstead plc - Overview
• Exhibit 137: James Halstead plc - Product / Service
• Exhibit 138: James Halstead plc - Key offerings

• 12.11 Mannington Mills Inc. 
• Exhibit 139: Mannington Mills Inc. - Overview
• Exhibit 140: Mannington Mills Inc. - Product / Service
• Exhibit 141: Mannington Mills Inc. - Key offerings

• 12.12 Mohawk Industries 
• Exhibit 142: Mohawk Industries - Overview
• Exhibit 143: Mohawk Industries - Product / Service
• Exhibit 144: Mohawk Industries - Key offerings

• 12.13 Novalis Holdings 
• Exhibit 145: Novalis Holdings - Overview
• Exhibit 146: Novalis Holdings - Product / Service
• Exhibit 147: Novalis Holdings - Key offerings

• 12.14 Responsive Industries Ltd. 
• Exhibit 148: Responsive Industries Ltd. - Overview
• Exhibit 149: Responsive Industries Ltd. - Product / Service
• Exhibit 150: Responsive Industries Ltd. - Key offerings

• 12.15 Shaw Industries Group Inc. 
• Exhibit 151: Shaw Industries Group Inc. - Overview
• Exhibit 152: Shaw Industries Group Inc. - Product / Service
• Exhibit 153: Shaw Industries Group Inc. - Key offerings

• 12.16 Tarkett 
• Exhibit 154: Tarkett - Overview
• Exhibit 155: Tarkett - Business segments
• Exhibit 156: Tarkett - Key offerings
• Exhibit 157: Tarkett - Segment focus

• 12.17 Toli Corp. 
• Exhibit 158: Toli Corp. - Overview
• Exhibit 159: Toli Corp. - Business segments
• Exhibit 160: Toli Corp. - Key offerings
• Exhibit 161: Toli Corp. - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 162: Inclusions checklist
• Exhibit 163: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 164: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 165: Research methodology
• Exhibit 166: Validation techniques employed for market sizing
• Exhibit 167: Information sources

• 13.5 List of abbreviations 
• Exhibit 168: List of abbreviations

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