The latest report by IMARC Group, titled “India Vinyl Flooring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the India vinyl flooring market price. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The India vinyl flooring market size reached US$ 1,065.9 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,693.6 Million by 2027, exhibiting a growth rate (CAGR) of 7.8% during 2022-2027. Vinyl flooring, or resilient flooring, is a fusion of natural and synthetic polymer materials pressed together in repeating structural units. It is commercially available in sheet and tile flooring variants. Amongst these, sheet flooring offers the ease of installation and enhanced water resistance, whereas vinyl tile is usually preferred for its aesthetic value. As compared to other floorings, vinyl flooring is more cost-effective, durable, and stain-proof. It can be manufactured in various textures, colors, designs, and styles, such as marble, wood, stone, and hardwood.
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Market Trends and Drivers:
The positive growth of the India vinyl flooring market can be attributed to rapid urbanization, increasing purchasing power, and improving living standards of consumers. The establishment of smart cities and the rise in construction and renovation projects in urban areas are further catalyzing the market growth. Additionally, the escalating demand for lightweight, low maintenance, and cost-effective construction materials in residential projects is driving the market growth. Moreover, manufacturers are increasingly employing advanced production techniques, which is attracting numerous investors, thus creating a positive outlook for the market in the country.
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Key Market Segmentation:
Market Breakup by Sector:
- Residential
- Commercial
Market Breakup by Segment:
- Organized
- Unorganized
Market Breakup by Imports Vs Domestic Manufacturing:
- Imports
- Domestic Manufacturing
Market Breakup by Product Type:
- Vinyl Sheet
- Luxury Vinyl Tile (LVT)
- Vinyl Composition Tile (VCT)
LVT Market Breakup by Type:
- Traditional LVT
- WPC
- SPC
LVT Market Breakup by Application Sector:
- Commercial
- Healthcare
- Education
- Hospitality
- Retail
- Corporate
- Sports
- Others
- Residential
Vinyl Sheet Market Breakup by Contract Type:
- Semi-Contract Sheet Vinyl
- Contract Sheet Vinyl
- Others
Vinyl Sheet Market Breakup by Application Sector:
- Commercial
- Healthcare
- Hospitality
- Transport
- Education
- Sports
- Retail
- Others
- Residential
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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