Vinyl Tiles Flooring Market was valued at USD 12.5 Billion in 2022 and is projected to reach USD 19.5 Billion by 2030, growing at a CAGR of 6.8% from 2024 to 2030.
The vinyl tiles flooring market experienced substantial growth in 2022, with a market size valued at approximately USD 36.5 billion. This growth was driven by increasing demand for cost-effective and durable flooring solutions across residential, commercial, and industrial applications. The market is anticipated to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030, reflecting robust expansion and adoption of vinyl tiles. The shift towards innovative and high-quality flooring options, combined with the rise in renovation and construction activities globally, contributes significantly to this growth trajectory.
Opportunity analysis reveals promising prospects for market participants. Emerging markets in Asia-Pacific and Latin America are experiencing rapid urbanization and infrastructural development, which fuels demand for vinyl tiles. Furthermore, the trend towards sustainable and eco-friendly building materials presents opportunities for the development of advanced vinyl tile products. The ongoing advancements in manufacturing technologies and increased consumer preference for aesthetic versatility in flooring are expected to drive further market expansion. As a result, the vinyl tiles flooring market is positioned for significant growth in the coming years.
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Tarkett
Forbo
Beaulieu
Mohawk
Gerflor
DLW Flooring
James Halstead
Amtico
Armstrong
Mannington Mills
Shaw
Congoleum
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 Tiles Flooring Market
Commercial Flooring
Residential Flooring
Based on Types the Market is categorized into Below types that held the largest Vinyl Tiles Flooring market share In 2023.
Dry Back
Click
Loose Lay
Others
Global (United States, Global 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 Tiles 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 Tiles Flooring Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vinyl Tiles Flooring Market, By Type
6. Global Vinyl Tiles Flooring Market, By Application
7. Global Vinyl Tiles Flooring Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vinyl Tiles Flooring Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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