India Vinyl Flooring Market 2022 | Market Worth US$ 1,693.6 Million by 2027 | Growth Rate (CAGR) of 7.8% | IMARC Group
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.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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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:
Market Breakup by Segment:
Market Breakup by Imports Vs Domestic Manufacturing:
• Domestic Manufacturing
Market Breakup by Product Type:
• Vinyl Sheet
• Luxury Vinyl Tile (LVT)
• Vinyl Composition Tile (VCT)
LVT Market Breakup by Type:
• Traditional LVT
LVT Market Breakup by Application Sector:
Vinyl Sheet Market Breakup by Contract Type:
• Semi-Contract Sheet Vinyl
• Contract Sheet Vinyl
Vinyl Sheet Market Breakup by Application Sector:
The competitive landscape of the market has been studied in the report with 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.
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