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North America Vinyl Flooring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
Report Format: PDF+Excel | Report ID: SR112023A1697
Market Overview:
The North America vinyl flooring market reached a volume of 324.4 Million Sq. Meters in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.4% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Vinyl flooring, also known as resilient flooring, is made from a combination of natural and synthetic polymer materials. It is water and stain-resistant, and a versatile synthetic flooring material which is widely suitable for kitchens and bathrooms. Vinyl flooring is available in two types, namely, sheet flooring and tile flooring. While sheet flooring offers enhanced water resistance and ease of installation, vinyl tile is mostly preferred by consumers for its better aesthetic value. Moreover, the ability of vinyl flooring to sustain high foot traffic has made it a popular flooring material for use in commercial settings. The availability of advanced print and textural techniques further allows vinyl flooring to achieve the look of a variety of other flooring options, such as hardwood, marble, and stone.
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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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North America vinyl flooring market is currently being driven by several factors. The demand in the region is spurred by numerous advantages of vinyl flooring, such as easy installation and maintenance, cost-effectiveness, and moisture-resistance. Apart from this, rising technological advancements in the manufacturing process have also led to a growth in the vinyl flooring market in terms of the performance, installation and design. Additionally, due to the rising per capita incomes and standards of living, the demand for vinyl flooring products has increased in the region. Moreover, the rising renovation activities have induced growth in the vinyl flooring market.
Report Scope:
- North America Vinyl Flooring Market
- Key Regions Analysed
- United States
- Canada
- Mexico
- Analysis for Each Country
- Market by Product Type
- Vinyl Sheet
- Luxury Vinyl Tile (LVT)
- Vinyl Composition Tile (VCT)
- Market by Sector
- Residential
- Commercial
- Value Chain Analysis
- Key Drivers and Challenges
- Porters Five Forces Analysis
- PESTEL Analysis
- Government Regulations
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2020 |
| Historical Period | 2015-2020 |
| Forecast Period | 2021-2026 |
| Units | Million Sq. Meters |
| Segment Coverage | Product Type, Sector, Region |
| Countries Covered | United States, Canada, Mexico |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License $ 2499 Five User License $ 3499 Corporate License $ 4499 |
| 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) |
Key Questions Answered in This Report
The North America vinyl flooring market reached a volume of 324.4 Million Sq. Meters in 2020.
We expect the North America vinyl flooring market to exhibit a CAGR of 6.4% during 2021-2026.
The growing product adoption based on its easy installation and maintenance, cost-effectiveness, and high moisture-resistance, is currently driving the North America vinyl flooring market.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the region resulting in the temporary halt in numerous construction activities, thereby limiting the overall demand for vinyl flooring.
Based on the product type, the North America vinyl flooring market has been segmented into vinyl sheets, luxury vinyl tiles (LVT), and vinyl composition tiles (VCT). Among these, luxury vinyl tiles (LVT) hold the majority of the total market share.
Based on the sector, the North America vinyl flooring market can be divided into residential and commercial. Currently, the residential sector exhibits a clear dominance in the market.
On a regional level, the market has been classified into United States, Canada, and Mexico, where United States currently dominates the North America market.
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