Global Vinyl Plank Flooring Market Insights, Forecast to 2028

Vinyl plank flooring, also called luxury vinyl flooring (LVF), is also 100 percent synthetic, but in these products, the core layer is a thicker, multi-layer PVC vinyl. Luxury vinyl comes in planks or tiles, sometimes called LVP and LVT, respectively. There are glue-down and loose-fit versions available, but also interlocking styles that join together in much the same way as laminate flooring planks.
Market Analysis and Insights: Global Vinyl Plank Flooring Market
Due to the COVID-19 pandemic, the global Vinyl Plank Flooring market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the review period. Fully considering the economic change by this health crisis, Flexible Vinyl Plank Flooring accounting for % of the Vinyl Plank Flooring global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Residential Use segment is altered to an % CAGR throughout this forecast period.
China Vinyl Plank Flooring market size is valued at US$ million in 2021, while the US and Europe Vinyl Plank Flooring are US$ million and US$ million, severally. The proportion of the US is % in 2021, while China and Europe are % and % respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Vinyl Plank Flooring landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period.
The global key manufacturers of Vinyl Plank Flooring include Tarkett, Armstrong, Mannington Mills, Mohawk, Congoleum, Gerflor, Forbo, Novalis and LG Hausys, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
In terms of production side, this report researches the Vinyl Plank Flooring capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
In terms of sales side, this report focuses on the sales of Vinyl Plank Flooring by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Global Vinyl Plank Flooring Scope and Segment
Vinyl Plank Flooring market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Vinyl Plank Flooring market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
Segment by Type
Flexible Vinyl Plank Flooring
Rigid Vinyl Plank Flooring
Segment by Application
Residential Use
Commercial Use
By Company
Tarkett
Armstrong
Mannington Mills
Mohawk
Congoleum
Gerflor
Forbo
Novalis
LG Hausys
Karndean
CFL Flooring
Beaulieu
NOX Corporation
Metroflor
Milliken
Polyflor
Snmo LVT
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
U.A.E