Global Vinyl Tile Market Growth 2023-2029

Global Vinyl Tile Market Growth 2023-2029

Product Code:457409

Published Date: Feb 08,2023

Pages: 128

Region: Global

Category: Chemical & Material

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There’s a lot of ground to cover in the world of flooring. Vinyl has been a popular choice for its durability and wide range of styles for many years. Vinyl tile is a flooring material that is generally inexpensive, easy to install, and easy to maintain. Made primarily from polyvinyl chloride resins and plasticizers, these flooring tiles are waterproof and very durable.

There are many types of vinyl tile: vinyl composition tile or reinforced vinyl tile (VCT), luxury vinyl tile (LVT), and solid vinyl tile (SVT).

LPI (LP Information)' newest research report, the “Vinyl Tile Industry Forecast” looks at past sales and reviews total world Vinyl Tile sales in 2022, providing a comprehensive analysis by region and market sector of projected Vinyl Tile sales for 2023 through 2029. With Vinyl Tile sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Vinyl Tile industry.

This Insight Report provides a comprehensive analysis of the global Vinyl Tile landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Vinyl Tile portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Vinyl Tile market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Vinyl Tile and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Vinyl Tile.

The global Vinyl Tile market size is projected to grow from US$ 3375.9 million in 2022 to US$ 4582.1 million in 2029; it is expected to grow at a CAGR of 4582.1 from 2023 to 2029.

Global Vinyl Tile key players include Armstrong, Tarkett, Mannington Mills, NOX Corporation, Hanwha, etc. Global top five manufacturers hold a share about 40%. USA is the largest market, with a share about 50%, followed by Asia-Pacific and Europe, both have a share about 20 percent. In terms of product, Luxury Vinyl Tile is the largest segment, with a share about 60%. And in terms of application, the largest application is Residential Use, followed by Commercial Use.

This report presents a comprehensive overview, market shares, and growth opportunities of Vinyl Tile market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Luxury Vinyl Tile (LVT)
    Vinyl Composite Tile (VCT)
    Others

Segmentation by application
    Commercial Use
    Residential Use

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Tarkett
    Gerflor
    Armstrong
    Mannington Mills
    NOX
    Shaw
    Hanwha
    LG Hausys
    Mohawk
    Polyflor
    Congoleum
    Forbo
    TOLI
    Beaulieu
    Tajima
    Metroflor
    Interface
    RiL
    Karndean
    Roppe
    Milliken
    Kraus
    Parterre
    Kingdomfloor
    Snmo LVT
    Hailide New Material
    Taide Plastic Flooring

Key Questions Addressed in this Report
What is the 10-year outlook for the global Vinyl Tile market?
What factors are driving Vinyl Tile market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Vinyl Tile market opportunities vary by end market size?
How does Vinyl Tile break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?