United States Commercial Vinyl Floor Covering Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.80 Billion |
| Market Size (2029) | USD 6.53 Billion |
| CAGR (2024 - 2029) | 11.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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United States Commercial Vinyl Floor Covering Market Analysis
The United States Commercial Vinyl Floor Covering Market size is estimated at USD 3.80 billion in 2024, and is expected to reach USD 6.53 billion by 2029, growing at a CAGR of 11.20% during the forecast period (2024-2029).
Vinyl floor coverings, prized for their durability and versatility, are crafted from synthetic materials. These coverings come in many colors and patterns, often replicating the look of wood, natural stone, or tiles. Their resilience and easy maintenance have cemented vinyl flooring as a top choice for many in the commercial realm.
The US commercial sector has seen a notable uptick in adopting vinyl floor coverings, largely due to their durability and aesthetic charm. The demand is further fueled by a growing number of commercial establishments, spanning hospitals, retail outlets, gyms, and transportation hubs.
In the hospitality industry, where comfort and aesthetics reign supreme, choosing the right flooring is paramount. Vinyl floor coverings have emerged as the go-to choice. They can handle heavy foot traffic and furniture movement, boasting a longer lifespan that reduces the need for frequent replacements. As the number of hospitality establishments in the United States grows, so does the demand for vinyl floor coverings.
While vinyl floor coverings have long been favored in hospitality, their popularity is now surging in transportation sectors, including automotive, aviation, and marine. Their durability and easy maintenance have made them a preferred choice in electric vehicles. With the projected rise in electric vehicle production and sales in the US, the demand for vinyl floor coverings in the automotive sector will significantly increase.
United States Commercial Vinyl Floor Covering Market Trends
Resilient Flooring
Commercial project designers overwhelmingly opt for vinyl composition tile (VCT), luxury vinyl tile (LVT), linoleum, and rubber in the realm of resilient flooring. These choices are favored for their diverse color and texture options, eco-friendly features, and low maintenance needs. VCT, typically the budget-friendly choice, has expanded beyond its traditional 12x12-inch format, now offering a range of sizes and patterns. On the other hand, linoleum highlights its renewable and natural qualities, adding a warm, textured feel to spaces. As the demand for resilient flooring surges, especially in high-traffic commercial settings, materials like rubber, linoleum, and vinyl are gaining traction. These tiles are popular due to their durability, slip resistance, and capacity to withstand heavy foot traffic. This makes them ideal for high-traffic settings such as airports, hospitals, and schools, where safety and longevity are crucial.
Growth in Luxury Vinyl Tiles and Planks Adoption
Luxury vinyl tile (LVT) and luxury vinyl plank (LVP) represent two distinct forms of luxury vinyl flooring. LVT mirrors the appearance of tiles, while LVP emulates traditional hardwood planks. LVT, while mimicking these materials, boasts affordability, superior scratch resistance, and waterproof features. Comprising a photographic print layer for realistic visuals and a wear layer for durability, LVT is available in both plank and tile formats. It embodies the ideal commercial flooring solution, blending sophisticated aesthetics with exceptional durability and easy maintenance.
Vinyl flooring, prized for its resilience, is a popular choice in commercial settings. It presents a cost-effective substitute for natural materials such as concrete, ceramic, marble, and wood, boasting durability and the capacity to endure high levels of foot traffic.
United States Commercial Vinyl Floor Covering Industry Overview
The luxury vinyl floor covering market is characterized by a large number of market players in the United States. Therefore, the market is moderately consolidated.
Key players in the vinyl flooring sector are engaged in intense competition, each striving for market leadership. Their strategies focus on increasing manufacturing capacity, bolstering R&D investments, and optimizing operations throughout the value chain. These initiatives directly address market demands, fostering innovation, and broadening their customer reach.
Shaw Industries Group Inc., Forbo, Parterre, Gerflor Group, and Altro are among the market's major players.
United States Commercial Vinyl Floor Covering Market Leaders
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Shaw Industries Group Inc.
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Forbo
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Parterre
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Gerflor Group
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Altro
*Disclaimer: Major Players sorted in no particular order
United States Commercial Vinyl Floor Covering Market News
March 2024- AHF Products, a leading manufacturer known for its hard surface flooring tailored for commercial settings, introduced its newest offering under the Parterre brand: Unfazed Luxury Vinyl Flooring. Manufactured in Lancaster, Pennsylvania, this addition underscores AHF's dedication to quality, featuring a resilient, low-maintenance design. Notably, being crafted in the US, Unfazed Luxury Vinyl stands out by eliminating the acclimation requirement and streamlining the installation process.
February 2024- MS International Inc. (MSI), a prominent supplier in North America specializing in flooring, countertops, wall tiles, and hardscaping products, recently bolstered its Everlife collection by introducing two new luxury vinyl plank lines: Laurel and Laurel Reserve.
September 2023- AHF Products, a prominent player in the flooring solutions market, entered a strategic partnership with Spartan Surfaces. This collaboration grants Spartan Surfaces exclusive distribution rights for Parterre's full range of luxury vinyl flooring. Parterre, a key player in the commercial flooring sector for over thirty years, is known for its diverse product offerings, strong design capabilities, and esteemed brand reputation.
United States Commercial Vinyl Floor Covering Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
- 2.1 Research Framework
- 2.2 Secondary Research
- 2.3 Primary Research
- 2.4 Data Triangulation and Insight Generation
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Growth in Commercial Construction Projects
- 4.2.2 Increasing Demand from Fitness Facilities
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4.3 Market Restraints
- 4.3.1 Emission of VOCS (Volatile Organic Compounds) Post Installation
- 4.3.2 Can only be Installed on Smooth Subfloor
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4.4 Market Opportunities
- 4.4.1 US Flooring Market Players Embracing Innovative Technologies to Stay Ahead
- 4.4.2 Innovations in Vinyl Floor Covering Printing
- 4.5 Industry Value Chain Analysis
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4.6 Industry Attractiveness: Porter's Five Forces Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Insight into the Latest Trends and Innovations in the Industry
- 4.8 Insights on Recent Developments in the Market
- 4.9 Insights on Major Regions and Key States/Cities in the United States with Automotive Manufacturing and Plants
- 4.10 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Product Type
- 5.1.1 Luxury Vinyl Tiles and Planks
- 5.1.2 Vinyl Sheets
- 5.1.3 Vinyl Composite Tiles
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5.2 By Application
- 5.2.1 Transport
- 5.2.1.1 Automotive Flooring
- 5.2.1.2 Aviation Flooring
- 5.2.1.3 Marine Flooring
- 5.2.1.4 Other Transport
- 5.2.2 Hospitality
- 5.2.3 Gym and Fitness
- 5.2.4 Hospitals
- 5.2.5 Retail
- 5.2.6 Corporate
- 5.2.7 Education
- 5.2.8 Other Commercial Applications
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5.3 By Distribution Channel
- 5.3.1 Directly From the Manufacturers
- 5.3.2 Dealers/Retailers
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
- 6.2 Company Profiles
- *List Not Exhaustive
- 6.3 Shaw Industries Group Inc.
- 6.4 Forbo
- 6.5 Parterre
- 6.6 Gerflor Group
- 6.7 Altro
- 6.8 Karndean Designflooring
- 6.9 Tarkett SA
- 6.10 Mohawk Industries Inc.
- 6.11 Armstrong Flooring
- 6.12 Mannington Commercial
- 6.13 Flexco Floors
- 6.14 Interface Inc.
- 6.15 Milliken*
7. FUTURE OF THE MARKET
8. DISCLAIMER AND ABOUT US
United States Commercial Vinyl Floor Covering Industry Segmentation
Commercial vinyl flooring, a resilient flooring variant crafted from synthetic materials like PVC (polyvinyl chloride), is tailored for commercial settings. Its appeal lies in its durability, low maintenance, and diverse aesthetic range. Thanks to its high resilience, commercial vinyl flooring outperforms many counterparts, standing strong against heavy foot traffic, abrasions, and impacts. These qualities render it ideal for bustling environments like retail outlets, offices, hospitals, and schools.
The United States commercial vinyl floor covering market is segmented by product type into luxury vinyl tiles and planks, vinyl sheets, and vinyl composite tiles. The market is segmented by application into transport, hospitality, gym and fitness, hospitals, retail, corporate, education, and other commercial applications. By transport, the market is segmented into automotive flooring, aviation flooring, marine flooring, and other transport)and by distribution channel, the market is segmented directly from the manufacturers and dealers/retailers. The report offers market size and forecasts for all the above segments in value (USD).
| By Product Type | Luxury Vinyl Tiles and Planks | |
| Vinyl Sheets | ||
| Vinyl Composite Tiles | ||
| By Application | Transport | Automotive Flooring |
| Aviation Flooring | ||
| Marine Flooring | ||
| Other Transport | ||
| By Application | Hospitality | |
| Gym and Fitness | ||
| Hospitals | ||
| Retail | ||
| Corporate | ||
| Education | ||
| Other Commercial Applications | ||
| By Distribution Channel | Directly From the Manufacturers | |
| Dealers/Retailers |
United States Commercial Vinyl Floor Covering Market Research FAQs
How big is the United States Commercial Vinyl Floor Covering Market?
The United States Commercial Vinyl Floor Covering Market size is expected to reach USD 3.80 billion in 2024 and grow at a CAGR of 11.20% to reach USD 6.53 billion by 2029.
What is the current United States Commercial Vinyl Floor Covering Market size?
In 2024, the United States Commercial Vinyl Floor Covering Market size is expected to reach USD 3.80 billion.
Who are the key players in United States Commercial Vinyl Floor Covering Market?
Shaw Industries Group Inc., Forbo, Parterre, Gerflor Group and Altro are the major companies operating in the United States Commercial Vinyl Floor Covering Market.
What years does this United States Commercial Vinyl Floor Covering Market cover, and what was the market size in 2023?
In 2023, the United States Commercial Vinyl Floor Covering Market size was estimated at USD 3.37 billion. The report covers the United States Commercial Vinyl Floor Covering Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United States Commercial Vinyl Floor Covering Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Commercial Vinyl Floor Covering Industry Report
Statistics for the 2024 United States Commercial Vinyl Floor Covering market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Commercial Vinyl Floor Covering analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
