GITNUX MARKETDATA REPORT 2024

Statistics About The Most Durable Vinyl Plank Flooring

The most durable vinyl plank flooring has a wear layer thickness of 20 mil or greater and a warranty of at least 15 years.

Statistic 1

"Vinyl flooring represents about 20% of the U.S. flooring market by volume."

Sources Icon

Statistic 2

"Between 2011 and 2016, the luxury vinyl tiles (LVT) sector saw an average global growth of 13 percent year on year."

Sources Icon

Statistic 3

"The vinyl flooring market is expected to reach USD 41.06 billion by 2023."

Sources Icon

Statistic 4

"In 2018, vinyl flooring was the fastest-growing product in the flooring industry, with a 5.1% growth rate worldwide."

Sources Icon

Statistic 5

"Luxury Vinyl Tile (LVT) captures 6% of the total flooring industry's dollar sales."

Sources Icon

Statistic 6

"Vinyl floors can handle high levels of foot traffic efficiently."

Sources Icon

Statistic 7

"The new forms of vinyl flooring are up to 100% waterproof."

Sources Icon

Statistic 8

"Vinyl plank flooring offers a low-cost option for residential as well as commercial applications."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!