Global Vinyl Flooring Market (Volume, Value) – 2019 Edition

Date: 1 September 2019

According to a research report published by Azoth Analytics in July 2019, the Global Vinyl Flooring Market by volume was at 1,041.30 Million Sq. meter in the year 2018. The market for Vinyl flooring will show escalating growth in the near future. Rising penetration of Luxury Vinyl Tile (LVT/Rigid LVT) in developed and developing regions, surging residential remodelling activity, and growing awareness about its properties such as aesthetic design, durability, functionality, water resistance and ease of maintenance are the major factors of driving the growth. 

The Azoth Analytics research report titled “Global Vinyl Flooring Market (Volume, Value) – 2019 Edition: Opportunities and Forecast (2014-2024)” has analysed and segmented the Vinyl Flooring Market by Volume (Million Sq. meter) and Value (USD Million). The report has also further analysed the Vinyl Flooring Market by Product type (Luxury Vinyl Tile, Vinyl Sheet, Vinyl Composition Tile), By End User Sector Type (Offices, Retail, Hospitality, Healthcare, Residential, Others) and by Sales channel (Distributor, Home Centres, Direct Sales/Contractors). The Global Vinyl Flooring Market has been analysed by Region (North America, Europe & CIS, Asia Pacific, LAMEA (Latin America, Middle East & Africa) and By Country (United States, Canada, Mexico, Germany, France, United Kingdom, Russia, China, Japan, Australia, India) for the historical period of 2014-2018 and the forecast period of 2019-2024.

Residential sector accounts for the major share of Vinyl Flooring Market owing to certain benefits such as realistic looks, durability, easy of cleaning and maintenance. Further, rising residential and commercial construction in developing regions and increasing manufacturing of economical Vinyl flooring products in the countries such as China, India and South Korea is enabling growth in adoption of Vinyl floorings.
Demand of LVT has been grown rapidly from few years. LVT is taking share from other flooring products and is becoming a significantly larger part of flooring company’s portfolio. LVT is an extremely attractive opportunity for many flooring manufacturers. The LVT category is currently growing at more than x percent annually. 

Asia Pacific is looking the most attractive region because of high market growth rate of residential and non-residential construction on account of large population base with growing urbanisation and disposable income. Additionally, focus towards restriction in carbon emission influences the builders and end user to follow green building technology while constructing a residential and non-residential buildings. Government support through subsidy also promotes the construction of new residential buildings. All these measures will drive the demand of Vinyl floorings market in future.