Vinyl Flooring, Why Is it The Fastest Growing Material? 

vinyl flooring

Vinyl Flooring Features Durability, Low Maintenance and Numerous Design Possibilities. 

Out of all of the different segments in the floor covering industry today, vinyl without a doubt has proven to be the most popular — even among industry standards like ceramic tile, plank wood, engineered wood and laminate flooring. 

Last year alone, vinyl brought in $2.2 billion, a sales increase of 8.5% from 2012 and 12% from 2011. It also continues to supplant itself as among the leaders in the overall $18 billion flooring industry, trailing only carpet in terms of market share, according to a report from Floor Covering News. 

Also known as resilient flooring, vinyl has earned its reputation as the venerable flooring system for a host of reasons. Here are a few of them: 

Luxury Vinyl Tile (LVT) is Leading the Way 

As one of the many subcategories of vinyl flooring is available in sheets, tiles and planks,  LVT  takes up a substantial piece of the overall flooring vinyl pie with $949 million — or 43% of the entire resilient flooring category. This is because LVT is user friendly, meaning it’s easy to install and can be laid on any formation. LVT in particular contains more vinyl, which in turns creates a better-performing flooring system that appears more realistic. 

Vinyl Flooring Popularity Heavily Linked to Real Estate Market 

Another reason flooring vinyl manufacturers are so busy is because of the continual growth in both the commercial and residential housing markets. The residential markets in particular proved to be a major boon for flooring vinyl. According to the Floor Covering News, replacement flooring in the residential market made up nearly half (47.8%) of the vinyl flooring market. Commercial growth in various industries has also proven to help the flooring vinyl segment grow. More and more companies are turning to the durability and practicality of flooring products to outfit their headquarters or retail centers. 

Vinyl is Family Friendly 

For those seeking exceptional hardwood floor refinishing fort lauderdale options, vinyl flooring stands out as a durable low-maintenance and versatile choice. With its remarkable durability and easy installation Luxury Vinyl Tile (LVT) leads the market offering a realistic appearance and user-friendly application. The growing demand for vinyl flooring is closely tied to the real estate market’s expansion particularly in residential and commercial sectors. Its family-friendly qualities including durability low maintenance and affordability make it an ideal choice for multi-family homes apartments and condominiums meeting the diverse needs of modern households.