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Leading Companies Fueling Growth and Innovation in the Vinyl Flooring Market
Vinyl Flooring Market
Projected Market Size and Growth Trajectory for Vinyl Flooring
The vinyl flooring market is anticipated to reach a valuation of $43.61 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.1%. This expansion is fueled by factors such as a rising preference for eco-friendly vinyl options, increased investments in automated manufacturing technologies, and the surge of premium decorative vinyl products. Additionally, the availability of digital customization tools and growing demand for durable, low-maintenance flooring are expected to further boost market growth. Key trends shaping this future include the adoption of AI-powered design tools, wider use of recyclable vinyl materials, advances in automated production lines, development of smart inventory and quality control systems, and greater emphasis on digital visualization platforms.
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Key Players Leading the Vinyl Flooring Market
Several prominent companies dominate the vinyl flooring industry, including Mohawk Industries Inc., Tarkett SA, Beaulieu International Group, Forbo Holding AG, Interface Inc., Mannington Mills Inc., Gerflor Group, IVC Group, Polyflor Ltd., Responsive Industries Ltd., Parador GmbH, Congoleum Corp., Shaw Industries Group Inc., Swiff-Train Company, Karndean Designflooring, Moduleo, Novalis Innovative Flooring, Wonderfloor Inc., Armstrong Flooring Inc., and Quantum Flooring.
A significant development occurred in December 2023 when Transom Capital Group, a private equity firm from the US, acquired Galleher LLC, a manufacturer of luxury vinyl tiles. Transom Capital plans to leverage its industry expertise and operational capabilities to accelerate Galleher's growth, working alongside existing management to optimize operations, expand market reach, and foster product innovation.
Emerging Trends Transforming the Vinyl Flooring Industry
Companies within the vinyl flooring space are increasingly focusing on innovative products such as vinyl sheet flooring, recognized for its ease of maintenance and durability. Vinyl sheet flooring is designed as a single, flexible roll that offers a smooth, water-resistant surface ideal for covering large areas seamlessly.
For example, in June 2025, Lonseal Inc., a US-based green flooring provider, introduced LONBETON TOPSEAL, a vinyl sheet flooring known for its striking concrete-like look. This product delivers a modern aesthetic while offering a softer feel underfoot compared to actual concrete, enhancing comfort in busy commercial and public spaces. Its factory-applied urethane finish provides strong wear resistance and simplifies maintenance, making it a practical choice for retail outlets, hospitality venues, galleries, and museums.
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Main Market Segments Defined in the Global Vinyl Flooring Industry
The global vinyl flooring market is categorized into the following key segments:
1) By Type: Vinyl Sheets, Vinyl Tiles, Luxury Vinyl Tiles
2) By Installation Method: Glue Down Installation, Click Lock Installation, Loose Lay Installation
3) By Sales Channel: Online, Offline
4) By End User: Residential, Healthcare, Retail, Education, Sport, Hospitality, Offices, Industrial, Automotive, and Other End Users
Further breakdown includes:
- Vinyl Sheets: Homogeneous Vinyl Sheets, Heterogeneous Vinyl Sheets, Inlaid Vinyl Sheets, Printed Vinyl Sheets
- Vinyl Tiles: Solid Vinyl Tiles, Composite Vinyl Tiles, Peel-And-Stick Vinyl Tiles, Groutable Vinyl Tiles
- Luxury Vinyl Tiles: Dry Back LVT, Loose Lay LVT, Click LVT, Rigid Core LVT
These classifications provide a comprehensive overview of product varieties, installation techniques, distribution methods, and end-use sectors that collectively shape the market landscape.
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