The new report by Expert Market Research titled, ‘India Vinyl Flooring Market Trends, Size, Share, Price, Report and Forecast 2022-2027’, gives an in-depth analysis of the India vinyl flooring market, assessing the market based on its segments like product types, sectors, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
Forecast CAGR (2022-2027): 5%
The rising applications of vinyl flooring in the residential sector, owing to its durability, low-maintenance, affordability, and easy installation, is driving the market growth. In addition, the water-resistant properties of vinyl flooring make it ideal for commercial applications such as schools, malls, and hospitals, among others.
In this regard, the thriving commercial construction sector in India is anticipated to provide impetus to the India vinyl flooring market in the coming years. Moreover, there is an increasing inclination towards flooring with high aesthetic appeal owing to the rising standards of living, robust economic growth, and the growing awareness about hygiene and sanitation. These factors are also likely to be a major driving force for the market.
India Vinyl Flooring Industry Definition and Major Segments
Vinyl flooring is defined as a synthetic flooring that is made by heating small pieces of coloured polyvinyl chloride plastic (PVC). The PVC is pressed into thin layers that are adhered to form flexible sheets of vinyl and can be cut into tiles or planks. The four layers of vinyl flooring include the wear layer, print layer, core, and underlayment. Moreover, vinyl flooring replicates the appearance of various flooring choices such as hardwood, marble, and stone, among others.
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On the basis of product type, the market can be categorised into:
Luxury Vinyl Tile (LVT)
Vinyl Composition Tile (VCT)
The luxury vinyl tile (LVT) segment, on the basis of product type, is divided into percentage replacement by LVT and SPC tiles in the flooring market. Meanwhile, the India vinyl flooring market, by application, is segmented into SPC tiles importers.
Based on sector, the market is segmented into:
The market, based on end use, can be segmented into:
By manufacturing, the market is classified into:
India Vinyl Flooring Market Trends
The key trends in the India vinyl flooring market include rapid urbanisation, rising investments in the development of smart cities and surging disposable incomes. There is also an increasing inclination of building contractors toward better designs and augmented quality of flooring.
Progressive product innovations owing to the surging demand for residential and commercial construction projects due to the increasing population in India are anticipated to be major driving factors. The increasing popularity of different types of vinyl flooring designs, such as shop stone and slate inspired vinyl flooring, and porcelain tile-inspired vinyl flooring, among others, is likely to provide impetus to the market in the coming years.
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