Vinyl Tile Market Status, Outlook [2023-2030]

Report Overview
The Global Vinyl Tile Market Size was estimated at USD 3515.97 million in 2023 and is projected to reach USD 5826.35 million by 2030, exhibiting a CAGR of 4.30% during the forecast period.
Two glass sheets are joined by a protective interlayer to form vinyl tile. The major hurricane barrier in impact-resistant windows is laminated glass. The windscreens of autos also employ laminated glass.
In 2022, Vinyl Tile's biggest market was in Asia Pacific. Due to expanding infrastructural development, increased auto manufacturing, and rising solar panel installations in both countries, India and China are significant markets for vinyl tile.
This research offers a thorough analysis of the global Vinyl Tile market, covering all relevant areas. This includes a broad market overview as well as micro-level information on the market's size, competitive environment, development trend, niche market, important market drivers, and challenges. It also includes SWOT analysis, Porter's Five Forces analysis, value chain analysis, and other analyses.

Recent Development:
• In January 2019, Genflor launched Creation 30 and Creation 55, a new collection of LVT–Luxury Vinyl Tiles & Planks. The company offers a range of LVTs with more than 35 new colors and designs. It also consists of 10 formats of tiles & planks.
• In July 2018, Mohawk Industries acquired Godfrey Hirst Group (Australia), a flooring company in New Zealand and Australia, to expand its global operations. The manufacturing, marketing, and distribution leadership of Godfrey Hirst’s will complement Mohawk’s current hard surface distribution channel and strengthen its product portfolio.
• In June 2018, Interface introduced new global luxury vinyl tile (LVT), Drawn Lines. It offers a distinct pattern that incorporates biophilic elements into the floor design. Drawn Lines are available in ten different colors, namely, Smokey Quartz, Opal, Diamond, Bronze, Amber, Silver, Onyx, Aquamarine, Topaz, and Citrine.

Competitive Landscape and Vinyl Tile Market Share Analysis
Competitive landscape of Vinyl Tile market provides details by competitors. Details included include company overview, company finances, revenue, market potential, R&D investments, new market initiatives, global footprint, manufacturing locations and facilities, manufacturing capabilities, company strengths and weaknesses, It includes product launches, product Width and breadth, and application advantages. The above data points are solely related to the company's focus on the Vinyl Tile market.

What's New for 2022?
• Global competitiveness and market share of key competitors
• Market presence in multiple regions – strong/active/niche/minor
Interactive online peer-to-peer collaborative custom updates
• Access to digital archives and research platforms
• 1 year of free updates

Key questions answered in this research report:
At what pace is Vinyl Tile market growing? What will be the growth trend in the future?
What are the key drivers and restraints in Vinyl Tile market? What will be the impact of drivers and restraints in the future?
What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the Vinyl Tile market?
Which product generated maximum revenues in 2022 and identify the most promising product during the forecast period?
What is the various end-user of Vinyl Tile market and how they are poised to grow?
What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Research Methodology