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Vinyl Flooring Market Size Worth 262.94 Million Meter2 by 2024 | CAGR: 5% | Featuring Key Vendors - Armstrong Flooring Inc., Berkshire Hathaway Inc., Forbo Holding AG, and Others

The "Vinyl Flooring Market by End-user and Geography - Forecast and Analysis 2020-2024" report has been added to Technavio's offering.


The vinyl flooring market is expected to grow by 262.94 mn m2, progressing at a CAGR of about 5% during the forecast period. Get Free Sample Report in MINUTES




The low cost and easy maintenance is one of the major factors propelling market growth. However, factors such as shortage of skilled labor will hamper the market growth.

What our reports offer:

  • How businesses can stay relevant
  • What values are driving customer loyalty
  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Covers market data for 2020, 2021, until 2025
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations

Vinyl Flooring Market: End-user Landscape


The growth in residential construction will lead to an increase in demand for vinyl flooring during the forecast period. The demand for vinyl flooring in the residential end-user segment will be largely driven by home remodeling projects. Vinyl flooring materials, especially LVT, have gained traction among residential construction and home remodeling projects. This is due to their superior properties such as water-resistance, ease of cleaning, and the ability to improve indoor air quality. With the rapid growth in renovation and new home construction projects, the demand for vinyl flooring will remain high during the forecast period.

Vinyl Flooring Market: Geographic Landscape


North America was the largest vinyl flooring market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The booming construction sector will significantly drive vinyl flooring market growth in this region over the forecast period. 33% of the market's growth will originate from North America during the forecast period. The US is a key market for vinyl flooring in North America. Market growth in this region will be faster than the growth of the market in other regions.

Companies Covered:

  • Armstrong Flooring Inc.
  • Berkshire Hathaway Inc.
  • Forbo Holding AG
  • Gerflor Group
  • Interface Inc.
  • Mannington Mills Inc.
  • Mohawk Industries Inc.
  • Novalis Global Flooring GmbH
  • Tarkett Group
  • Toli Corp.

Related Reports on Materials Include:

Non-resilient Flooring Market by Product and Geography - Forecast and Analysis 2020-2024: The non-resilient flooring market size will record an incremental growth of 1240.00 mn m2 and a CAGR of over 2% during 2020-2024. To get extensive research insights: Get FREE Sample Report in Minutes!

Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End user
  • Residential - Market size and forecast 2019-2024
  • Commercial - Market size and forecast 2019-2024
  • Market opportunity by End user

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive landscape

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Armstrong Flooring Inc.
  • Berkshire Hathaway Inc.
  • Forbo Holding AG
  • Gerflor Group
  • Interface Inc.
  • Mannington Mills Inc.
  • Mohawk Industries Inc.
  • Novalis Global Flooring GmbH
  • Tarkett Group
  • Toli Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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