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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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