Global Vinyl Resilient Flooring Market was valued at USD 1.0 Billion in 2022 and is projected to reach USD 1.5 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The Vinyl Resilient Flooring Market has been experiencing a notable surge in demand, driven by a variety of factors such as affordability, durability, and ease of maintenance. Once considered a budget-friendly option, vinyl flooring is now a top contender for both residential and commercial spaces, owing to advancements in design and technology. With innovative trends and eco-friendly options gaining traction, the market is expected to continue growing in the coming years. As consumer preferences shift towards sustainable and cost-effective solutions, vinyl resilient flooring provides the perfect balance of style, practicality, and value.
In 2024, the global market for vinyl resilient flooring is forecasted to reach a valuation of over $40 billion, reflecting a steady growth trajectory. The increased demand for stylish yet durable flooring solutions is evident in both new construction projects and home renovations. Key drivers include vinyl's resistance to moisture, scratches, and wear, making it an ideal choice for kitchens, bathrooms, and high-traffic areas. Furthermore, vinyl flooring’s ability to mimic the look of hardwood, stone, or ceramic tiles at a fraction of the cost continues to appeal to homeowners looking to achieve premium aesthetics on a budget.
Another contributing factor to vinyl flooring’s rise is its ease of installation. Unlike hardwood or tile, which can require professional installation, many vinyl flooring products come with DIY-friendly options, allowing for faster and cheaper installation. This flexibility, along with improved technology, has led to a broader adoption in both residential and commercial markets. Additionally, the growing emphasis on sustainability in construction materials has spurred innovations such as eco-friendly vinyl flooring options, which are made with less harmful chemicals and materials, aligning with the increasing demand for green building practices.
The growth of the Vinyl Resilient Flooring Market is also tied to the ongoing expansion of the real estate sector and increasing urbanization across emerging economies. As the need for housing, offices, and retail spaces grows, the demand for versatile and cost-effective flooring solutions like vinyl is expected to rise. Furthermore, with the global push towards environmental responsibility, the market is also seeing a rise in demand for flooring options that are recyclable and made from renewable materials.
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Tarkett
Armstrong
Beaulieu
Forbo
Mohawk
Gerflor
Mannington Mills
Shaw
Congoleum
DLW Flooring
Nora Systems
James Halstead
NOX Corporation
LG Hausys
TOLI
Naibao Floor
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 Resilient Flooring Market
Commercial Flooring
Residential Flooring
Based on Types the Market is categorized into Below types that held the largest Vinyl Resilient Flooring market share In 2023.
Luxury Vinyl Tile (LVT)
Vinyl Composite Tile (VCT)
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, 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 Resilient Flooring 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 Resilient Flooring Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vinyl Resilient Flooring Market, By Type
6. Global Vinyl Resilient Flooring Market, By Application
7. Global Vinyl Resilient Flooring Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vinyl Resilient Flooring Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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