Market Overview:
The global vinyl plank flooring market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for vinyl plank flooring from residential and commercial applications. In terms of type, flexible vinyl plank flooring is expected to dominate the market during the forecast period, owing to its properties such as durability and water resistance. In terms of application, residential use is expected to account for a major share of the global vinyl plank flooring market during the forecast period. This can be attributed to factors such as rising disposable income and growing awareness about interior decoration among consumers across regions.
Product Definition:
Vinyl plank flooring is a type of flooring that is made from vinyl. It is a popular choice for floors because it is durable and easy to maintain. Vinyl plank flooring can be installed in any room in your home, and it comes in a variety of colors and styles to choose from.
Flexible Vinyl Plank Flooring:
Flexible vinyl planks are manufactured from polyvinyl chloride and can be laid in a variety of directions. They are available in various colors, textures and sizes. The product is highly durable, versatile & cost-effective; it can be installed on any type of subflooring material such as concrete slabs or wood floors.
Rigid Vinyl Plank Flooring:
Rigid vinyl planks are manufactured with the help of a unique process that involves applying vinyl in a cross-linking pattern. The product is available in various patterns and textures, which can be installed on any type of subflooring material. It offers high durability along with easy maintenance and repair features, which makes it an ideal choice for commercial as well as residential applications across the globe.
Application Insights:
The commercial use segment dominated the global vinyl plank flooring market in 2017, accounting for more than 60.0% share of the total revenue. The growth can be attributed to increasing construction activities in commercial buildings on account of growing business activities and expansion of companies. This trend is expected to continue over the forecast period as many companies are investing heavily in new construction or renovation projects for their offices and workspaces.
Vinyl plank flooring is ideal for high-traffic commercial areas such as retail stores, restaurants, hotels, hospitals and clinics due to its anti-slip texture that helps avoid accidents on wet floors resulting from slipping & sliding caused by heavy footfall traffic.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness moderate growth over the forecast period owing to increasing demand for stylish and luxury residential buildings. Moreover, rising construction of commercial spaces such as hotels and restaurants is anticipated to propel product demand in North America.
Asia Pacific is projected to be one of the fastest-growing regions over the forecast period owing to rapid urbanization, growing population, and expanding construction industry due primarily from economic development in countries such as China, India Japan among others are driving regional growth.
Europe was valued at USD X million in 2017.
Growth Factors:
- Increasing demand for vinyl plank flooring in the residential sector due to its durability and easy installation.
- Rising disposable income of consumers, which is resulting in an increase in spending on home improvement products.
- Growing popularity of eco-friendly and sustainable flooring options among consumers.
- Proliferation of online retail channels, which is making it easier for consumers to purchase vinyl plank flooring products at competitive prices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vinyl Plank Flooring Market Research Report
By Type
Flexible Vinyl Plank Flooring, Rigid Vinyl Plank Flooring
By Application
Residential Use, Commercial Use
By Companies
Tarkett, Armstrong, Mannington Mills, Mohawk, Congoleum, Gerflor, Forbo, Novalis, LG Hausys, Karndean, CFL Flooring, Beaulieu, NOX Corporation, Metroflor, Milliken, Polyflor, Snmo LVT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Vinyl Plank Flooring Market Report Segments:
The global Vinyl Plank Flooring market is segmented on the basis of:
Types
Flexible Vinyl Plank Flooring, Rigid Vinyl Plank Flooring
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tarkett
- Armstrong
- Mannington Mills
- Mohawk
- Congoleum
- Gerflor
- Forbo
- Novalis
- LG Hausys
- Karndean
- CFL Flooring
- Beaulieu
- NOX Corporation
- Metroflor
- Milliken
- Polyflor
- Snmo LVT
Highlights of The Vinyl Plank Flooring Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Flexible Vinyl Plank Flooring
- Rigid Vinyl Plank Flooring
- By Application:
- Residential Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vinyl Plank Flooring Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vinyl plank flooring is a type of flooring made from vinyl sheets that are bonded together to create a smooth, durable surface. Vinyl plank flooring is popular for its low maintenance and easy care features, as well as its contemporary look.
Some of the key players operating in the vinyl plank flooring market are Tarkett, Armstrong, Mannington Mills, Mohawk, Congoleum, Gerflor, Forbo, Novalis, LG Hausys, Karndean, CFL Flooring, Beaulieu, NOX Corporation, Metroflor, Milliken, Polyflor, Snmo LVT.
The vinyl plank flooring market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vinyl Plank Flooring Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vinyl Plank Flooring Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vinyl Plank Flooring Market - Supply Chain
4.5. Global Vinyl Plank Flooring Market Forecast
4.5.1. Vinyl Plank Flooring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vinyl Plank Flooring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vinyl Plank Flooring Market Absolute $ Opportunity
5. Global Vinyl Plank Flooring Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vinyl Plank Flooring Market Size and Volume Forecast by Type
5.3.1. Flexible Vinyl Plank Flooring
5.3.2. Rigid Vinyl Plank Flooring
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vinyl Plank Flooring Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vinyl Plank Flooring Market Size and Volume Forecast by Application
6.3.1. Residential Use
6.3.2. Commercial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vinyl Plank Flooring Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vinyl Plank Flooring Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vinyl Plank Flooring Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vinyl Plank Flooring Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vinyl Plank Flooring Demand Share Forecast, 2019-2026
9. North America Vinyl Plank Flooring Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vinyl Plank Flooring Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vinyl Plank Flooring Market Size and Volume Forecast by Application
9.4.1. Residential Use
9.4.2. Commercial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vinyl Plank Flooring Market Size and Volume Forecast by Type
9.7.1. Flexible Vinyl Plank Flooring
9.7.2. Rigid Vinyl Plank Flooring
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vinyl Plank Flooring Demand Share Forecast, 2019-2026
10. Latin America Vinyl Plank Flooring Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vinyl Plank Flooring Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vinyl Plank Flooring Market Size and Volume Forecast by Application
10.4.1. Residential Use
10.4.2. Commercial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vinyl Plank Flooring Market Size and Volume Forecast by Type
10.7.1. Flexible Vinyl Plank Flooring
10.7.2. Rigid Vinyl Plank Flooring
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vinyl Plank Flooring Demand Share Forecast, 2019-2026
11. Europe Vinyl Plank Flooring Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vinyl Plank Flooring Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vinyl Plank Flooring Market Size and Volume Forecast by Application
11.4.1. Residential Use
11.4.2. Commercial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vinyl Plank Flooring Market Size and Volume Forecast by Type
11.7.1. Flexible Vinyl Plank Flooring
11.7.2. Rigid Vinyl Plank Flooring
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projctions by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vinyl Plank Flooring Demand Share, 2019-2026
12. Asia Pacific Vinyl Plank Flooring Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vinyl Plank Flooring Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vinyl Plank Flooring Market Size and Volume Forecast by Application
12.4.1. Residential Use
12.4.2. Commercial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vinyl Plank Flooring Market Size and Volume Forecast by Type
12.7.1. Flexible Vinyl Plank Flooring
12.7.2. Rigid Vinyl Plank Flooring
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vinyl Plank Flooring Demand Share, 2019-2026
13. Middle East & Africa Vinyl Plank Flooring Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vinyl Plank Flooring Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vinyl Plank Flooring Market Size and Volume Forecast by Application
13.4.1. Residential Use
13.4.2. Commercial Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vinyl Plank Flooring Market Size and Volume Forecast by Type
13.7.1. Flexible Vinyl Plank Flooring
13.7.2. Rigid Vinyl Plank Flooring
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vinyl Plank Flooring Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vinyl Plank Flooring Market: Market Share Analysis
14.2. Vinyl Plank Flooring Distributors and Customers
14.3. Vinyl Plank Flooring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tarkett
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Armstrong
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mannington Mills
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Mohawk
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Congoleum
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Gerflor
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Forbo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Novalis
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. LG Hausys
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Karndean
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. CFL Flooring
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Beaulieu
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. NOX Corporation
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Metroflor
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Milliken
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Polyflor
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Snmo LVT
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
