Market Size of United States Commercial Vinyl Floor Covering Industry
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 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 | ||||||
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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 Size Summary
The United States commercial vinyl floor covering market is experiencing significant growth, driven by the material's durability, versatility, and aesthetic appeal. Vinyl floor coverings, made from synthetic materials, are increasingly favored in commercial settings such as hospitals, retail outlets, gyms, and transportation hubs due to their ability to mimic natural materials like wood and stone while offering easy maintenance and resilience. The hospitality industry, in particular, has seen a surge in vinyl flooring adoption, as these coverings can withstand heavy foot traffic and furniture movement, making them ideal for high-traffic areas. Additionally, the transportation sector, including automotive, aviation, and marine industries, is witnessing a rise in vinyl flooring usage, especially with the growing production and sales of electric vehicles in the US.
The market for luxury vinyl tiles (LVT) and luxury vinyl planks (LVP) is characterized by a diverse range of options that cater to both aesthetic and functional needs. These products offer a cost-effective alternative to natural materials, combining sophisticated visuals with superior durability and low maintenance requirements. The market is moderately consolidated, with key players like Shaw Industries Group Inc., Forbo, Parterre, Gerflor Group, and Altro competing intensely to enhance their market positions. These companies are focusing on expanding manufacturing capacities, investing in research and development, and optimizing their operations to meet the growing demand for resilient flooring solutions. Recent product launches and strategic partnerships, such as AHF Products' introduction of Unfazed Luxury Vinyl Flooring and MSI's expansion of the Everlife collection, highlight the ongoing innovation and competitive dynamics within the market.
United States Commercial Vinyl Floor Covering Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growth in Commercial Construction Projects
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1.2.2 Increasing Demand from Fitness Facilities
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1.3 Market Restraints
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1.3.1 Emission of VOCS (Volatile Organic Compounds) Post Installation
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1.3.2 Can only be Installed on Smooth Subfloor
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1.4 Market Opportunities
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1.4.1 US Flooring Market Players Embracing Innovative Technologies to Stay Ahead
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1.4.2 Innovations in Vinyl Floor Covering Printing
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness: Porter's Five Forces Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitutes
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insight into the Latest Trends and Innovations in the Industry
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1.8 Insights on Recent Developments in the Market
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1.9 Insights on Major Regions and Key States/Cities in the United States with Automotive Manufacturing and Plants
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1.10 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Luxury Vinyl Tiles and Planks
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2.1.2 Vinyl Sheets
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2.1.3 Vinyl Composite Tiles
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2.2 By Application
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2.2.1 Transport
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2.2.1.1 Automotive Flooring
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2.2.1.2 Aviation Flooring
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2.2.1.3 Marine Flooring
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2.2.1.4 Other Transport
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2.2.2 Hospitality
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2.2.3 Gym and Fitness
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2.2.4 Hospitals
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2.2.5 Retail
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2.2.6 Corporate
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2.2.7 Education
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2.2.8 Other Commercial Applications
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2.3 By Distribution Channel
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2.3.1 Directly From the Manufacturers
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2.3.2 Dealers/Retailers
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United States Commercial Vinyl Floor Covering Market Size 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.