Market Overview:

Vinyl Flooring Market size is estimated to reach $73 billion by 2030, growing at a CAGR of 8.2% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Vinyl Flooring Market – By Product Type [Vinyl Sheets, Vinyl Tiles (Luxury Vinyl Tiles), Vinyl Planks (Luxury Vinyl Planks)], By Production Process (Inlaid, Printed), By Components (Polyvinyl Chloride Resins, Plasticizers, Trace Stabilizers, Pigments, Others), By End-Use [Residential, Non-Residential (Commercial/Industrial)], By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030”. Increasing demand for durable & low-maintenance flooring solutions and rising construction activities are fuelling the growth of the Vinyl Flooring industry during the forecast period.

Asia-Pacific Dominated the Market in 2022:

Asia-Pacific region had the highest market share in the global Vinyl Flooring Market with a market size of $14 billion in 2022. Rapid economic growth in Countries such as China, India and Southeast Asian nations, growing consumer preference towards eco-friendly and sustainable flooring options are some of the primary factors driving vinyl flooring market in this region. Furthermore, technological advancements in the production of high-quality and realistic-looking vinyl flooring products are also creating growth opportunities for the industry.   

Additionally, the rise in residential and commercial construction projects, increasing disposable income and changing lifestyles are also driving the growth of the Vinyl Flooring Market in the Asia-Pacific region. The construction growth rate of the APAC region (emerging) is estimated to be 5.1% through 2030, says Oxford Economics. 

Vinyl Flooring Market Growth Drivers:

Growing Popularity of Luxury Vinyl Tiles (LVT) in Commercial and Residential Spaces Drives the Vinyl Flooring Market Forward:
In the global Vinyl Flooring industry, Luxury Vinyl Tiles segment is growing at a CAGR of 9.2% during the forecast period of 2023-2030. The demand for Luxury Vinyl Tiles is significantly increasing due to their versatility and their capability of mimicking the looks of various materials such as wood, stone and others. LVT is soft underfoot, making it more comfortable to walk on than hard flooring materials like tile or hardwood. These tiles are also durable, affordable, easy to maintain and install and eco-friendly which create nourishing opportunities for the Vinyl Flooring market expansion. 

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Rising Construction Activities are Creating Growth Opportunities for the Vinyl Flooring Industry:

North America faced high inflation in 2022 where it touched 9.1% during June 2022. Despite the increased inflation and higher interest rates and faced by North America and Europe in 2022, the construction activities for commercial spaces outperformed the residential sector which has been leading to an increased demand for the luxury flooring market in the regions. 
The construction of luxurious projects is influencing developers to look for high-end flooring options that are both stylish and durable which is positively influencing the vinyl flooring market. To tap such market potential, manufacturers are getting involved in expansion activities such as acquisitions and new product offerings to improve upon their manufacturing capabilities. For instance, Forbo Flooring focuses on innovative installation options coupled with digitization advances to ensure they are ready to profit from the growth opportunities. The manufacturer installed a next-generation digital printer in its France facility for Vinyl Floor Coverings to ensure flawless print quality and improved speed to get a variety of new designs and colors.

Scope of the Report: 

Report Metric


Base Year Considered


Forecast Period




Market Size in 2030

$73 billion

Segments Covered

Product Type, Production Process, Components, Application and Region

Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).

Key Market Players

  1. Mohawk Industries Inc.

  2. Tarkett S.A.

  3. Armstrong World Industries Inc.

  4. Shaw Industries Inc.

  5. Mannington Mills Inc.

  6. Gerflor Group

  7. Forbo Group

  8. Beaulieu International Group

  9. Interface Inc.

  10. Polyflor Ltd

Recent Developments:
  1. In May 2021, Armstrong World Industries Inc. introduced three new LVT collections named Biome, Terra and Coalesce with patented diamond ten technology for commercial end-users.
  2. In January 2021, Forbo Group developed new collections named Sarlon and Modul’up that are acoustic, compact, glued or fully loose lay.
  3. In 2022, Mohawk acquired 5 small bolt-on businesses to extend the scope of their product offering and distribution.
Vinyl Flooring Market: Competitive Landscape

Key companies profiled in the Vinyl Flooring Market are Mohawk Industries Inc., Tarkett S.A., Armstrong World Industries Inc., Shaw Industries Inc., Mannington Mills Inc., Gerflor Group, Forbo Group, Beaulieu International Group, Interface Inc and Polyflor Ltd.

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About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.