Vinyl Flooring Industry Statistics

In this post, we will explore key statistics and trends in the vinyl flooring industry, offering insights into market revenues, regional dominance, end-user segments, and projected growth figures. From the dominance of luxury vinyl tiles in market share to the growing demands in countries like India, Australia, and Brazil, we will break down the data that shapes this dynamic industry landscape.

Statistic 1

"The luxury vinyl tiles segment accounted for over 33% share of the total vinyl flooring market revenue in 2019."

Statistic 2

"In 2020, Asia-Pacific dominated the vinyl flooring market with more than 43% share in terms of revenue."

Statistic 3

"The residential end-user segment held over 61.84% market share in 2019 due to growth in residential construction."

Statistic 4

"In the U.S., the vinyl flooring market accounted for USD 3.05 billion in 2020."

Statistic 5

"The vinyl sheet and composite vinyl tile segment held around 21% market share in 2019."

Statistic 6

"The non-residential end-user segment is projected to grow at a 6.5% CAGR from 2020 to 2027."

Statistic 7

"The rigid vinyl plank accounted for 22% share of the total market revenue in 2019."

Statistic 8

"India's vinyl flooring market is expected to grow at a 14.3% CAGR from 2021 to 2026."

Statistic 9

"The demand for vinyl flooring in Australia is expected to witness a CAGR of 6.7% over the forecast period."

Statistic 10

"The commercial sector accounted for more than 40% share of the total U.S. vinyl flooring market revenue in 2020."

Statistic 11

"The vinyl flooring market in Germany accounted for USD 1.34 billion in 2020."

Statistic 12

"In Brazil, the vinyl flooring market is expected to reach USD 1.7 billion by 2027."

Statistic 13

"Rapid urbanization in major cities has driven the vinyl flooring market in Saudi Arabia to a projected CAGR of 6.7%."

Statistic 14

"In 2019, South Korea accounted for a revenue of USD 230 million for the vinyl flooring market."

Statistic 15

"The vinyl flooring sales in France reached a volume of 32 million square meters in 2019."

Statistic 16

"The global market for luxury vinyl tile (LVT) is expected to grow at a CAGR of 11.7% from 2018-2025."

Statistic 17

"Environmental concerns and norms are projected to restrain the vinyl flooring market growth by 3.2% from 2021 to 2027."

The vinyl flooring industry is experiencing significant growth and developments across various regions and market segments. Luxury vinyl tiles have emerged as a dominant segment in the market, while Asia-Pacific leads in revenue share. The residential sector has shown strong market presence, with the U.S. and India expected to drive substantial growth in the coming years. The commercial sector is also a key player, particularly in the U.S. and Germany. However, environmental concerns pose a potential challenge to the market’s growth trajectory. Overall, the industry is poised for expansion, driven by factors such as urbanization, construction trends, and technological advancements.