Vinyl Floor Covering Market Revenue was valued at USD 12.8 Billion in 2024 and is estimated to reach USD 18.5 Billion by 2033, growing at a CAGR of 4.9% from 2026 to 2033.
The global vinyl floor covering market was valued at USD 34.1 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2030. The market growth is driven by increasing demand for durable, low-maintenance flooring solutions in both residential and commercial applications. North America holds a significant share of the market, accounting for around 30% in 2022, due to the growing demand for cost-effective and stylish flooring options in the region. The Asia-Pacific region is anticipated to witness the highest growth rate during the forecast period, fueled by rapid urbanization, infrastructure development, and the rise in disposable income in countries like China and India. The European market also holds a substantial share, driven by a strong preference for environmentally friendly and easy-to-install flooring solutions in both commercial and residential spaces.
The opportunities for vinyl floor covering are vast, particularly in emerging markets, where urbanization and industrialization are accelerating. In regions such as Latin America and the Middle East, the adoption of vinyl floor coverings is gaining momentum as consumers increasingly look for affordable and high-quality flooring materials. The growing focus on sustainability has also opened up new opportunities, with vinyl flooring manufacturers incorporating eco-friendly production practices and offering recyclable options. The demand for luxury vinyl tiles (LVT) and sheets continues to grow in both developed and developing regions, further expanding the market potential for vinyl floor coverings globally.
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Armstrong Flooring
Inc
Beaulieu International Group
Tarkett S.A.
Dutco Tennant LLC
Forbo Group
Shaw Industries Group
Inc
Mannington Mills
Inc
Mohawk Industries
Inc
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vinyl Floor Covering Market
Luxury Vinyl Tiles (LVT)
Vinyl Sheets
Vinyl Planks
Residential
Commercial
Thin Vinyl Flooring
Standard Vinyl Flooring
Thick Vinyl Flooring
Glue-down Installation
Floating Installation
Click-lock Installation
Residential Homeowners
Commercial Property Managers
Construction Companies
Interior Designers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vinyl Floor Covering Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vinyl Floor Covering Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vinyl Floor Covering Market, By Type
6. Global Vinyl Floor Covering Market, By Application
7. Global Vinyl Floor Covering Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Vinyl Floor Covering Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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