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Vinyl Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global vinyl flooring market reached a value of US$ 42.47 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 72.89 Billion by 2027, exhibiting a CAGR of 9.20% during 2022-2027. 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 industries. These insights are included in the report as a major market contributor.

Vinyl flooring is made by combining natural and synthetic polymer materials, which are glued together to provide a long-lasting, practical, and economical floor covering. It is versatile, easy to install and highly resistant to water and stains. It is available in various looks, patterns, and colors, such as simulated stone, tile, and wood grain. In addition, it is easy to maintain as it has a resilient protective coating that safeguards vinyl flooring from dirt and scratches. Apart from this, as it is a popular alternative to higher-maintenance floorings like carpet, vinyl flooring finds extensive applications in the healthcare, industrial, residential, hospitality, education, and retail sectors.

Vinyl Flooring Market Trends:

At present, there is a rise in the construction of luxurious housing projects across the globe. This, along with the inflating income levels of individuals, represents one of the key factors driving the market. Moreover, there is an increase in the demand for low maintenance, cost-efficient, and lightweight construction materials worldwide. This, coupled with the rising utilization of vinyl flooring in offices and other commercial spaces, is propelling the growth of the market. In addition, the growing demand for low-maintenance flooring solutions among the masses is positively influencing the market. Besides this, the escalating demand for multifamily houses to accommodate the surging population around the world is offering lucrative growth opportunities to industry investors. Additionally, key market players are extensively investing in research and development (R&D) activities to provide customized product solutions in different colors, designs patterns, textures, and dimensions. In line with this, they are focusing on introducing self-adhesive floorings

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vinyl flooring market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on product type and sector.

Performance by Product Type:

  • Vinyl Sheet
  • Luxury Vinyl Tile (LVT)
  • Vinyl Composition Tile (VCT)

Luxury vinyl tile (LVT) is currently the most commonly used product as it is a low-cost alternative for tile or planks.

Performance by Sector:

  • Residential
  • Commercial

Presently, the residential sector dominates the market due to the rising demand for enhanced residential construction materials.

Performance of Key Regions:

  • Asia Pacific
  • North America
  • Western Europe
  • Eastern Europe
  • Latin America
  • Middle East and Africa

The Asia Pacific enjoys the leading position in the market on account of the growing demand for aesthetically appealing, durable, and easy to maintain floorings.

Competitive Landscape:

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 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion, 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
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 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:

  • How has the global vinyl flooring market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global vinyl flooring industry?
  • What has been the impact of COVID-19 on the global vinyl flooring industry?
  • What are the major sectors in the global vinyl flooring industry?
  • What are the popular product types in the global vinyl flooring industry?
  • What are the price trends of vinyl flooring?
  • What are the various stages in the value chain of the global vinyl flooring industry?
  • What are the major driving factors and challenges in the global vinyl flooring industry?
  • What is the structure of the global vinyl flooring industry and who are the key players?
  • What is the degree of competition in the global vinyl flooring industry?
  • What are the profit margins in the global vinyl flooring industry?
  • What are the key requirements for setting up a vinyl flooring manufacturing plant?
  • How is vinyl flooring manufactured?
  • What are the various unit operations involved in a vinyl flooring manufacturing plant?
  • What is the total size of land required for setting up a vinyl flooring manufacturing plant?
  • What are the machinery requirements for setting up a vinyl flooring manufacturing plant?
  • What are the raw material requirements for setting up a vinyl flooring manufacturing plant?
  • What are the packaging requirements for vinyl flooring?
  • What are the transportation requirements for vinyl flooring?
  • What are the utility requirements for setting up a vinyl flooring manufacturing plant?
  • What are the manpower requirements for setting up a vinyl flooring manufacturing plant?
  • What are the infrastructure costs for setting up a vinyl flooring manufacturing plant?
  • What are the capital costs for setting up a vinyl flooring manufacturing plant?
  • What are the operating costs for setting up a vinyl flooring manufacturing plant?
  • What will be the income and expenditures for a vinyl flooring manufacturing plant?
  • What is the time required to break-even?

1   Preface
2   Scope and Methodology

    2.1     Objectives of the study
    2.2     Stakeholders
    2.3     Data Sources
        2.3.1     Primary Sources
        2.3.2     Secondary Sources
    2.4     Market Estimation
        2.4.1     Bottom-Up Approach
        2.4.2     Top-Down Approach
    2.5     Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Flooring Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Market Breakup by Region
    5.4    Market Breakup by Segment
        5.4.1    Hard Flooring 
            5.4.1.1     Stone
            5.4.1.2     Ceramic
            5.4.1.3     Hardwood
            5.4.1.4     Vinyl
            5.4.1.5     Wooden Laminates
        5.4.2   Soft Flooring
            5.4.2.1      Carpets
            5.4.2.2      Mats
            5.4.2.3      Rugs
    5.5    Market Breakup by Sector
    5.6    Market Forecast
6   Global Vinyl Flooring Market
    6.1    Market Overview
    6.2    Market Performance
        6.2.1    Volume Trends
        6.2.2    Value Trends
    6.3    Impact of COVID-19
    6.4    Price Analysis
        6.4.1    Key Price Indicators
        6.4.2    Price Structure
        6.4.3    Price Trends
    6.5    Market Breakup by Region
    6.6    Market Breakup by Product Type
    6.7    Market Breakup by Sector
    6.8    Market Forecast
    6.9    Value Chain Analysis
        6.9.1    Raw Material Procurement
        6.9.2    Manufacturing
        6.9.3    Marketing
        6.9.4    Distribution
        6.9.5    Export
        6.9.6    End-Use
    6.10    SWOT Analysis
        6.10.1    Overview
        6.10.2    Strengths
        6.10.3    Weaknesses
        6.10.4    Opportunities
        6.10.5    Threats
    6.11      Porters Five Forces Analysis
        6.11.1    Overview
        6.11.2    Bargaining Power of Buyers
        6.11.3    Bargaining Power of Suppliers
        6.11.4    Degree of Rivalry
        6.11.5    Threat of New Entrants
        6.11.6    Threat of Substitutes
    6.12    Key Market Drivers and Success Factors
7   Performance of Key Regions
    7.1      Asia-Pacific
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2      North America
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3      Western Europe
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4      Eastern Europe
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5      Latin America
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6      Middle East and Africa
        7.6.1 Market Trends
        7.6.2 Market Forecast
8   Performance by Product Type 
    8.1      Vinyl Sheet
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2      Luxury Vinyl Tile (LVT)
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3      Vinyl Composition Tile (VCT)
        8.3.1 Market Trends
        8.3.2 Market Forecast
9   Performance by Sector
    9.1      Residential
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2      Commercial
        9.2.1 Market Trends
        9.2.2 Market Forecast
10   Competitive Landscape
    10.1   Competitive Structure
    10.2   Production Capacities of Key Players
11   Vinyl Flooring Manufacturing Process
    11.1    Product Overview
    11.2    Detailed Process Flow
    11.3    Various Types of Units Operations Involved
    11.4   Mass Balance and Raw Material Requirements
12   Project Details, Requirements and Costs Involved
 
  12.1    Land Requirements and Expenditures
    12.2    Construction Requirements and Expenditures
    12.3    Plant Machinery
    12.4    Machinery Pictures
    12.5    Raw Materials Requirements and Expenditures
    12.6    Raw Material and Final Product Pictures
    12.7    Packaging Requirements and Expenditures
    12.8    Transportation Requirements and Expenditures
    12.9    Utilities Requirements and Expenditures
    12.10    Manpower Requirements and Expenditures
    12.11    Other Capital Investments
13   Vinyl Flooring Manufacturing Plant: Loans and Financial Assistance
14   Vinyl Flooring Manufacturing Plant: Project Economics

    14.1    Capital Cost of the Project
    14.2    Techno-Economic Parameters
    14.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    14.4    Taxation and Depreciation
    14.5    Income Projections
    14.6    Expenditure Projections
    14.7    Financial Analysis
    14.8    Profit Analysis
15   Key Players Profiles
    15.1    Mohawk Industries Inc. 
    15.2    Tarkett
    15.3    Armstrong World Industries, Inc. 
    15.4    Shaw Industries, Inc. 
    15.5    Mannington Mills, Inc. 
    15.6    Beaulieu International Group 
    15.7    Gerflor
    15.8    Forbo

List of Figures

Figure 1: Global: Vinyl Flooring Market: Major Drivers and Challenges
Figure 2: Global: Flooring Market: Sales Volume (in Billion Sq. Meters), 2016-2021
Figure 3: Global: Flooring Market: Sales Value (in Billion US$), 2016-2021
Figure 4: Global: Flooring Market: Breakup by Region (in %), 2021
Figure 5: Global: Flooring Market: Breakup by Segment (in %), 2021
Figure 6: Global: Flooring Market: Breakup by Sector (in %), 2021
Figure 7: Global: Flooring Market Forecast: Sales Volume (in Billion Sq. Meters), 2022-2027
Figure 8: Global: Flooring Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 9: Global: Vinyl Flooring Market: Sales Volume (in Million Sq. Meters), 2016-2021
Figure 10: Global: Vinyl Flooring Market: Sales Value (in Billion US$), 2016-2021
Figure 11: Global: Vinyl Flooring Market: Average Prices (in US$/Sq. Meter), 2016-2021
Figure 12: Vinyl Flooring Market: Price Structure
Figure 13: Global: Vinyl Flooring Market: Breakup by Region (in %), 2021
Figure 14: Global: Vinyl Flooring Market: Breakup by Product Type (in %), 2021
Figure 15: Global: Vinyl Flooring Market: Breakup by Sector (in %), 2021
Figure 16: Global: Vinyl Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2022-2027
Figure 17: Global: Vinyl Flooring Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 18: Global: Vinyl Flooring Industry: SWOT Analysis
Figure 19: Global: Vinyl Flooring Industry: Value Chain Analysis
Figure 20: Global: Vinyl Flooring Industry: Porter’s Five Forces Analysis
Figure 21: Asia-Pacific: Vinyl Flooring Market: Sales Volume (in Million Sq. Meters), 2016 & 2021
Figure 22: Asia-Pacific: Vinyl Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2022-2027
Figure 23: North America: Vinyl Flooring Market: Sales Volume (in Million Sq. Meters), 2016 & 2021
Figure 24: North America: Vinyl Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2022-2027
Figure 25: Western Europe: Vinyl Flooring Market: Sales Volume (in Million Sq. Meters), 2016 & 2021
Figure 26: Western Europe: Vinyl Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2022-2027
Figure 27: Eastern Europe: Vinyl Flooring Market: Sales Volume (in Million Sq. Meters), 2016 & 2021
Figure 28: Eastern Europe: Vinyl Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2022-2027
Figure 29: Latin America: Vinyl Flooring Market: Sales Volume (in Million Sq. Meters), 2016 & 2021
Figure 30: Latin America: Vinyl Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2022-2027
Figure 31: Middle East and Africa: Vinyl Flooring Market: Sales Volume (in Million Sq. Meters), 2016 & 2021
Figure 32: Middle East and Africa: Vinyl Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2022-2027
Figure 33: Global: Vinyl Sheet Flooring Market: Sales Volume (in Million Sq. Meters), 2016 & 2021
Figure 34: Global: Vinyl Sheet Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2022-2027
Figure 35: Global: Luxury Vinyl Tile Flooring Market: Sales Volume (in Million Sq. Meters), 2016 & 2021
Figure 36: Global: Luxury Vinyl Tile Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2022-2027
Figure 37: Global: Vinyl Composition Tile Flooring Market: Sales Volume (in Million Sq. Meters), 2016 & 2021
Figure 38: Global: Vinyl Composition Tile Flooring Market Forecast: Sales Volume (in Million Sq. Meters), 2022-2027
Figure 39: Global: Vinyl Flooring Market (in Residential Sector): Sales Volume (in Million Sq. Meters), 2016 & 2021
Figure 40: Global: Vinyl Flooring Market Forecast (in Residential Sector): Sales Volume (in Million Sq. Meters), 2022-2027
Figure 41: Global: Vinyl Flooring Market (in Commercial Sector): Sales Volume (in Million Sq. Meters), 2016 & 2021
Figure 42: Global: Vinyl Flooring Market Forecast (in Commercial Sector): Sales Volume (in Million Sq. Meters), 2022-2027
Figure 43: Vinyl Flooring Manufacturing Plant: Detailed Process Flow
Figure 44: Vinyl Flooring Manufacturing: Conversion Rate of Feedstocks
Figure 45: Vinyl Flooring Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 46: Vinyl Flooring Industry: Margins Across Various Stages of the Supply Chain
Figure 47: Vinyl Flooring Production: Manufacturing Cost Breakup (in %)

List of Tables

Table 1: Global: Flooring Industry: Key Industry Highlights, 2021 and 2027
Table 2: Global: Vinyl Flooring Industry: Key Industry Highlights, 2021 and 2027
Table 3: Global: Vinyl Flooring Market Forecast: Breakup by Region (in Million Sq. Meters), 2022-2027
Table 4: Global: Vinyl Flooring Market Forecast: Breakup by Product Type (in Million Sq. Meters), 2022-2027
Table 5: Global: Vinyl Flooring Market Forecast: Breakup by Sector (in Million Sq. Meters), 2022-2027
Table 6: Global: Vinyl Flooring Market: Competitive Structure
Table 7: Global: Vinyl Flooring Market: Production Capacities of Key Players
Table 8: Vinyl Flooring Manufacturing Plant: Raw Material Requirements (in Tons/Day) 
Table 9: Vinyl Flooring Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 10: Vinyl Flooring Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 11: Vinyl Flooring Manufacturing Plant: Machinery Costs (in US$)
Table 12: Vinyl Flooring Manufacturing Plant: Raw Material Requirements (in Tons/Day) and Expenditures (US$/Ton)
Table 13: Vinyl Flooring Manufacturing Plant: Costs Related to Utilities
Table 14: Vinyl Flooring Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 15: Vinyl Flooring Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 16: Details of Financial Assistance Offered by Financial Institutions
Table 17: Vinyl Flooring Manufacturing Plant: Capital Costs (in US$)
Table 18: Vinyl Flooring Manufacturing Plant: Techno-Economic Parameters
Table 19: Vinyl Flooring Manufacturing Plant: Income Projections (in US$)
Table 20: Vinyl Flooring Manufacturing Plant: Expenditure Projections (in US$)
Table 21: Vinyl Flooring Manufacturing Plant: Taxation (in US$)
Table 22: Vinyl Flooring Manufacturing Plant: Depreciation (in US$)
Table 23: Vinyl Flooring Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 24: Vinyl Flooring Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 25: Vinyl Flooring Manufacturing Plant: Profit and Loss Account (in US$)


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