Global Vinyl Flooring Market to Reach USD 116.8 Billion by 2033, Propelled by Increasing Construction Activities

November 18, 2024 | Retail

According to the latest report by IMARC Group, titled "Vinyl Flooring Market Report by Product Type (Vinyl Sheet, Luxury Vinyl Tile (LVT), Vinyl Composition Tile (VCT)), Sector (Residential, Commercial), and Region 2025-2033," the global vinyl flooring market reached a value of USD 55.6 Billion in 2024. Vinyl flooring is an indispensable flooring material formulated by blending natural and synthetic polymer ingredients. It is manufactured by rolling, layering, and extruding the product with several compositions, including pigments, plasticizers, and polyvinyl chloride resin, to offer a long-lasting covering. As compared to conventional higher-maintenance floorings, such as carpets, vinyl flooring is more cost-effective, durable, easy to install, versatile, and moisture-resistant, and requires lower maintenance. Apart from this, the protective coating safeguards the product from dirt and scratches and enhances the overall appearance of the space. At present, it is mainly available in several looks, patterns, and color combinations.

Global Vinyl Flooring Market Trends:

One of the major factors driving the global vinyl flooring market growth is the ongoing construction activities across the globe. Such activities have facilitated the demand for lightweight, slip and stain-resistant, and aesthetically appealing floor covering for interiors. This is further supported by rapid urbanization, changing consumer preferences, a rising number of luxurious housing projects, and significant investments in infrastructure development, renovation, and remodeling of existing spaces. In line with this, rising environmental concerns have prompted governments to promote the uptake of sustainable construction resources, such as bio-based vinyl flooring, to mitigate volatile organic compounds (VOCs), which is acting as another growth-inducing factor. Additionally, the widespread adoption of upgraded solutions by manufacturers to optimize vinyl flooring production procedures and introduce self-adhesive flooring solutions in different designs, textures, and dimensions, are contributing to the market growth. The market growth is also influenced by the extensive uptake of diverse printing solutions, which further enables easy texture printing on tiles. Other factors, including the growing need for multifamily houses and strategic collaborations amongst key players to enhance vinyl flooring comfort and noise-controlling efficacy, are creating a positive outlook for the market. Looking forward, the market value is projected to reach USD 116.8 Billion by 2033, expanding at a CAGR of 9.73% during 2025-2033.

Market summary

Based on the product type, the market has been segregated into vinyl sheet, luxury vinyl tile (LVT), and vinyl composition tile (VCT). Luxury vinyl tile (LVT) is currently the most commonly used product.
Based on the sector, the market has been bifurcated into residential and commercial. Presently, residential dominates the market.
On key regions performance basis, the market has been segmented into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Amongst these Asia Pacific enjoys the leading position in the market.
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Mohawk Industries Inc., Tarkett Group, Armstrong World Industries, Inc., Shaw Industries, Inc., Mannington Mills, Inc., Beaulieu International Group, Gerflor Group, and Forbo Group.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD, Million Sq. Meters
Segment Coverage	Product Type, Sector, Region
Region Covered	Asia Pacific, North America, Western Europe, Eastern Europe, Latin America, Middle East and Africa
Companies Covered	Tarkett, Mohawk, Armstrong World Industries Inc., Shaw Industries Inc., Mannington Mills Inc., Beaulieu International Group, Gerflor and Forbo
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Vinyl Flooring Market to Reach USD 116.8 Billion by 2033, Propelled by Increasing Construction Activities

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