Global Vinyl Flooring Markets, 2018-2022 – Innovative LVT Offerings / Vinyl Planks Making a Comeback / Augmented Reality (AR) in Flooring Industry

Judith Barnes February 4, 2025

63 2 minutes read

The vinyl flooring market will register a CAGR of over 5% by way of 2022. The introduction of augmented truth in floors enterprise helps the market development for the duration of the forecast length. With the creation of AR ground visualizer applications in the flooring enterprise, consumers can regulate the design of rooms or houses without the need to view samples physically.

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Market Overview

Low fee and easy maintenance

LVT is payment effective via nearly three times the cost of hardwood flooring. To preserve hardwood assets, one must spend a significant quantity of treating and refinishing the material. Thus, business and residential builders decide upon LVT over different hardwood floors.

Flooring

Shortage of professional labor

The vinyl flooring marketplace is dealing with a severe shortage of labor. Due to the lack of energies the producers are forced to turn down the tasks and pay more to preserve the existing hard workforce. For the unique list of things with a purpose to pressure and challenge the growth of the vinyl flooring marketplace all through 2018-2022, view the record.

Competitive Landscape

The market seems to be fragmented, and with the presence of numerous corporations, including Mohawk Industries and Tarkett, the aggressive surroundings are quite extreme. Factors such as the appearance of augmented reality in the flooring industry and the low value and smooth renovation will provide good-sized boom possibilities to vinyl flooring manufactures. Armstrong Flooring, Berkshire Hathaway, Interface, Mohawk Industries, and Tarkett are some of the principal organizations blanketed on this document.