North America Vinyl Flooring Market Size, Share, Demand and Forecast 2023-2028

IMARC Group has recently released a new research study titled "North America Vinyl Flooring Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the North America vinyl flooring market?

The North America vinyl flooring market size reached 322.5 Million Sq. Meters in 2022. Looking forward, IMARC Group expects the market to reach 365.4 Million Sq. Meters by 2028, exhibiting a growth rate (CAGR) of 2.2% during 2023-2028.

What is vinyl flooring?

Vinyl flooring is a synthetic flooring option made primarily from polyvinyl chloride (PVC) resin, along with other additives for stability, color, and texture. It is known for its durability, water resistance, and ease of installation. Vinyl flooring comes in various formats, including sheets, tiles, and planks, and offers a wide range of designs that can mimic natural materials like wood, stone, or ceramic. Due to its resilience and low maintenance requirements, vinyl flooring is commonly used in residential, commercial, and industrial settings. It is also cost-effective compared to many other flooring options, making it a popular choice for those on a budget. Advances in manufacturing are leading to higher-quality, luxury vinyl products that offer enhanced durability and aesthetic appeal.

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Market Trends and Growth Drivers: 

Advances in manufacturing technologies represents one of the key factors driving the growth of the market across North America. This is further leading to the development of high-quality luxury vinyl tiles (LVT) and planks, which offer enhanced durability and aesthetic appeal. One of the primary attractions of vinyl flooring is its durability and ease of maintenance, thus making it a practical choice for both residential and commercial applications. Vinyl flooring is often more budget-friendly as compared to natural materials like hardwood or stone, thus making it an attractive option for a wide range of consumers. The ability to mimic other materials, such as wood, marble, or ceramic makes vinyl flooring a versatile option, capable of fitting into various design schemes.

Some vinyl flooring options are made from recycled or eco-friendly materials, thus catering to the growing consumer demand for sustainable products. The durability and ease of maintenance make vinyl flooring a popular choice in commercial settings like retail stores, hospitals, and offices. The rise of online platforms offering a wide range of flooring options is making it easier for consumers to make informed choices, which is contributing to sales, thus facilitating the market.

Explore Full Report Description At: https://www.imarcgroup.com/north-america-vinyl-flooring-market

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

• Vinyl Sheet
• Luxury Vinyl Tile (LVT)
• Vinyl Composition Tile (VCT)

Breakup by Sector:

• Residential
• Commercial

Breakup by Country:

• United States
• Canada
• Mexico

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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State: NY
Country: United States
Website: https://www.imarcgroup.com

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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.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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.

This release was published on openPR.