India Vinyl Flooring Market to Reach US$ 20,678.0 Million by 2032, Stimulated by the Significant Growth in the Construction Industry

August 18, 2023 | Retail

VIEW FULL TABLE OF CONTENTS

According to the latest report by IMARC Group, titled “India Vinyl Flooring Market Report by Sector (Residential, Commercial), Segment (Organized, Unorganized), Imports and Domestic Manufacturing (Imports, Domestic Manufacturing), Product Type (Vinyl Sheet, Luxury Vinyl Tile (LVT), Vinyl Composition Tile (VCT)), and Region 2024-2032,” the India vinyl flooring market size reached US$ 11,396.6 Million in 2023. Vinyl flooring is a synthetic material made primarily using a combination of synthetic and natural polymer materials arranged in repeating structural units. It has exceptional durability, water, stain resistance, and flexibility, making it a popular choice in various settings, such as schools, hospitals, offices, and residential complexes. It can withstand heavy foot traffic, which makes it an ideal flooring solution for businesses and public areas. It comes in various forms, including sheets, tiles, and planks, offering a wide range of design options to suit different interior styles and preferences. Vinyl flooring can replicate the appearance of varying options like hardwood, marble, and stone, allowing homeowners and businesses to achieve the desired aesthetic without the associated costs and maintenance requirements of natural materials.

India Vinyl Flooring Market Trends:

The increasing demand for vinyl flooring in the construction and real estate sectors owing to the rising need for modern and cost-effective flooring solutions, is one of the key factors driving the market growth. Moreover, the widespread product popularity among architects, interior designers, and property developers to create visually appealing spaces that align with contemporary trends and customer preferences is creating a positive outlook for the market. Additionally, the increasing application of vinyl flooring in construction projects due to the ease of installation and maintenance that allows for faster project completion, reducing downtime and labor costs, is strengthening the market growth. Furthermore, the growing focus of the Indian government on infrastructure development, including transportation systems, airports, and commercial buildings, leading to a surge in construction projects, is providing a considerable boost to the market growth. In addition to this, the growing demand for modern and aesthetically pleasing interiors owing to the rising middle-class population in India and increasing disposable income is favoring the market growth. Besides this, the rising preference for sustainable and environmentally friendly products is encouraging manufacturers to introduce eco-friendly vinyl flooring options that incorporate recycled materials and low volatile organic compounds (VOC) content, is positively impacting the market growth. Apart from this, rapid advancements in manufacturing technologies, such as the application of three-dimensional (3D) printing to replicate the appearance of other flooring materials, such as wood, stone, and marble, at a more affordable price is providing a thrust to the market growth. Looking forward, the market value is projected to reach US$ 20,678.0 Million by 2032, expanding at a CAGR of 6.6% during 2024-2032.

Market Summary:

Based on the sector, the market has been segmented as residential and commercial.
On the basis of segment, the market has been bifurcated into organized and unorganized. Among these, unorganized segments represent the largest market share.
Based on imports and domestic manufacturing. According to the report, imports accounted for the largest market share.
On the basis of product type, the market has been segregated into vinyl sheet, luxury vinyl tile (LVT) and vinyl composition tile (VCT). Amongst these, vinyl sheets represent the largest segment.
Based on the LVT market breakup by type, the market has been divided into traditional LVT, WPC and SPC.
Based on the LVT market breakup by application sector, the market has been categorized into commercial (healthcare, education, hospitality, retail, corporate, sports and others) and residential.
On the basis of vinyl sheet market breakup by contract type, the market has been segmented into semi-contract sheet vinyl, contract sheet vinyl and others.
On the basis of vinyl sheet breakup by application, the market has been categorized into commercial (healthcare, hospitality, transport, education, sports, retail, and others) and residential.
The competitive landscape of the industry has also been examined along with the profiles of the key players.

About Us:

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.

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.

Contact Us:

IMARC Group
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Americas:- +1 631 791 1145 | Africa and Europe :- +44-753-713-2163 | Asia: +91-120-433-0800

Need more help?

Speak to our experienced analysts for insights on the current market scenarios.
Include additional segments and countries to customize the report as per your requirement.
Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
For further assistance, please connect with our analysts.

India Vinyl Flooring Market to Reach US$ 20,678.0 Million by 2032, Stimulated by the Significant Growth in the Construction Industry

Purchase Options

Inquire Before Buying

Benefits of Customization

Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization

Speak to an Analyst

Request Brochure

Get in Touch With Us

UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-714-6104

Email: sales@imarcgroup.com

Client Testimonials

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

IMARC did an outstanding job in preparing our study. They were punctual and precise, delivering all the data we required in a clear and well-organized format. Their attention to detail and ability to meet deadlines was impressive, making them a reliable partner for our project.

I wanted to express my sincere appreciation for your efforts in handling this matter. Your dedication and commitment have truly been commendable. It is evident that you have put in a tremendous amount of hard work and expertise into resolving the issues at hand. I would also like to take this opportunity to inform you that we are greatly interested

Overall, the deliverable was well organized and my experience with the project team was good. In particular, I appreciated how they responded when I requested additional information and the Japanese version.

The IMARC team were extremely professional and very cooperative. The team were also extremely flexible in making changes and modifications wherever required. The entire experience right from project kick-off to after sales support was fruitful and smooth.

I’d like to express my gratitude for the work you accomplished with the industry report. The way you responded to the requirements and delivered under tight timelines shows your expertise, exceptional work ethic and commitment to your customer’s success. The entire team and company are incredibly thankful for your dedication. Once again, thank you

The market reports from IMARC have been instrumental in guiding our business strategies. We found the reports comprehensive and data-driven, which helped us make informed decisions. The detailed insights and actionable data have consistently provided us with a competitive edge in a rapidly changing alcohol market.

One of the best things about IMARC is their flexibility and predisposition to tailor the reports and adapt to our needs. They are not just great in their researching and consulting solutions, but their service is unparallelled. We’ve worked with them a couple of times and we will keep working with them in future projects.

We recently commissioned multiple market research reports from IMARC, and the insights we received were invaluable. The depth of analysis, accuracy of data, and actionable recommendations have greatly enhanced our strategic decision-making.

The market estimates provided by your team were pretty much in line with what we were theorizing internally. Really appreciate the work on this.

The sale account manager and the service was excellent. The data and market trends gathered from the report was insightful and really assisted while planning future product and growth strategies.

The report is excellent and has good amount of data and our team is extremely happy with the information provided.

Thank you very much for your cooperation and post purchase support. We were really happy with the final deliverable, and the takeaways from the report.