Market Overview:
The global luxury vinyl flooring and tile market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for luxury vinyl flooring and tiles from commercial as well as residential applications. Additionally, the growing awareness about the benefits of using luxury vinyl flooring and tiles is also contributing to the growth of this market. The global luxury vinyl flooring and tile market can be segmented on the basis of type into Luxury Vinyl Flooring (LVT) and Luxury Vinyl Tile (LVT). The LVT segment is expected to account for a larger share of the global luxury vinyl flooring and tile market than LVT during the forecast period. This can be attributed to its growing popularity among consumers due to its durability, aesthetic appeal, and affordability.
Product Definition:
Luxury vinyl tile and flooring is a type of resilient flooring that is made to look like natural stone or wood. It is composed of multiple layers, including a wear layer that protects the surface from scratches and scuffs, and a vinyl core that provides cushioning and durability. Luxury vinyl tile and flooring can be installed in areas where other types of flooring may not be suitable, such as basements, kitchens, bathrooms, or even outdoors. It is also an affordable option compared to natural stone or wood floors.
Luxury Vinyl Flooring (LVT):
Luxury vinyl flooring and tile are the two terms used interchangeably in the industry. They both mean the same product, but there is a difference between their marketing and advertising. Vinyl floor tiles have been around for many years; however, they were not considered “classy” or “lifestyle” material until recently.
Luxury Vinyl Tile (LVT):
Luxury vinyl tiles are highly durable, versatile and easy to maintain. These products have a low environmental impact as they are made from 100% recyclable polyvinyl chloride. They offer high resistance to water damage and do not absorb moisture which makes them hygienic for indoor use. The flooring is available in various colors, patterns and sizes which gives it an advantage over other flooring materials such as ceramic tiles & stone slabs.
Application Insights:
The commercial application segment led the global luxury vinyl flooring and tile market in 2017. The growth can be attributed to the rising demand from high rise buildings, hotels, restaurants and institutional places. Increasing spending power of individuals has created a positive impact on the overall market in terms of product demand.
Residential use is expected to witness significant growth over the forecast period owing to increasing consumer preference for home improvement projects along with low cost investment option for upgrading interior decoration styles. Luxury vinyl floorings are easy to clean & maintain as compared with other types of floors which makes them highly preferred among consumers looking forward home improvement projects including new installation designs and patterns that complement interiors aesthetically pleasing while at same time providing ease-of-cleanliness functionality.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing product demand from residential as well as commercial applications. Increasing disposable income coupled with growing real estate sector in emerging countries such as China and India has been fueling the product demand.
The rising construction of luxury homes, hotels, restaurants, offices, and retail spaces across Asia Pacific is anticipated to drive regional growth over the forecast period.
Europe accounted for more than 25% share of global revenue in 2017 owing to high consumer preference towards sustainable building materials along with growing awareness regarding health & hygiene among consumers has been driving industry expansion across this region particularly Germany Italy France U.K.
Growth Factors:
- Increasing demand from the construction sector for luxury vinyl flooring and tile as a result of growth in the global population and rising income levels.
- Rising popularity of luxury vinyl flooring and tile among consumers due to its aesthetic appeal, durability, and easy installation.
- Growing demand for luxury vinyl flooring and tile in developed markets as a result of increasing renovation activity.
- Proliferation of online retail channels that offer a wide range of luxury vinyl flooring and tile products, which is aiding in the growth of this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Vinyl Flooring and Tile Market Research Report
By Type
Luxury Vinyl Flooring (LVT), Luxury Vinyl Tile (LVT)
By Application
Commercial Use, Residential Use
By Companies
Armstrong Flooring, Pro-Tek, Parterre Flooring, Shanghai SevenTrust Company Co. Ltd., Oakio, Spectra Contract Flooring, Tecnodeck, WPC-Woodplastic A.S., Leben India Pvt. Ltd., Novowood, Taizhou Huali New Materials Co Ltd., Nanjing Xuhua Sundi New Building Materials Co. Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Vinyl Flooring and Tile Market Report Segments:
The global Luxury Vinyl Flooring and Tile market is segmented on the basis of:
Types
Luxury Vinyl Flooring (LVT), Luxury Vinyl Tile (LVT)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Use, Residential Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Armstrong Flooring
- Pro-Tek
- Parterre Flooring
- Shanghai SevenTrust Company Co. Ltd.
- Oakio
- Spectra Contract Flooring
- Tecnodeck
- WPC-Woodplastic A.S.
- Leben India Pvt. Ltd.
- Novowood
- Taizhou Huali New Materials Co Ltd.
- Nanjing Xuhua Sundi New Building Materials Co. Ltd.
Highlights of The Luxury Vinyl Flooring and Tile Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Luxury Vinyl Flooring (LVT)
- Luxury Vinyl Tile (LVT)
- By Application:
- Commercial Use
- Residential Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Luxury Vinyl Flooring and Tile Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Luxury vinyl flooring and tile is a type of flooring that is made from a high-quality vinyl material. This type of flooring is often used in areas where durability and easy care are important factors, such as kitchens and bathrooms. Luxury vinyl flooring can also be used in other areas where a more luxurious feel is desired, such as bedrooms or living rooms.
Some of the major companies in the luxury vinyl flooring and tile market are Armstrong Flooring, Pro-Tek, Parterre Flooring, Shanghai SevenTrust Company Co. Ltd., Oakio, Spectra Contract Flooring, Tecnodeck, WPC-Woodplastic A.S., Leben India Pvt. Ltd., Novowood, Taizhou Huali New Materials Co Ltd., Nanjing Xuhua Sundi New Building Materials Co. Ltd..
The luxury vinyl flooring and tile market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Luxury Vinyl Flooring and Tile Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Luxury Vinyl Flooring and Tile Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury Vinyl Flooring and Tile Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Luxury Vinyl Flooring and Tile Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Luxury Vinyl Flooring and Tile Market Size & Forecast, 2020-2028
4.5.1 Luxury Vinyl Flooring and Tile Market Size and Y-o-Y Growth
4.5.2 Luxury Vinyl Flooring and Tile Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Luxury Vinyl Flooring (LVT)
5.2.2 Luxury Vinyl Tile (LVT)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Commercial Use
6.2.2 Residential Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury Vinyl Flooring and Tile Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Luxury Vinyl Flooring and Tile Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Luxury Vinyl Flooring (LVT)
9.6.2 Luxury Vinyl Tile (LVT)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Commercial Use
9.10.2 Residential Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Luxury Vinyl Flooring (LVT)
10.6.2 Luxury Vinyl Tile (LVT)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Commercial Use
10.10.2 Residential Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Luxury Vinyl Flooring (LVT)
11.6.2 Luxury Vinyl Tile (LVT)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Commercial Use
11.10.2 Residential Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Luxury Vinyl Flooring (LVT)
12.6.2 Luxury Vinyl Tile (LVT)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Commercial Use
12.10.2 Residential Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Luxury Vinyl Flooring (LVT)
13.6.2 Luxury Vinyl Tile (LVT)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Commercial Use
13.10.2 Residential Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Luxury Vinyl Flooring and Tile Market: Competitive Dashboard
14.2 Global Luxury Vinyl Flooring and Tile Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Armstrong Flooring
14.3.2 Pro-Tek
14.3.3 Parterre Flooring
14.3.4 Shanghai SevenTrust Company Co. Ltd.
14.3.5 Oakio
14.3.6 Spectra Contract Flooring
14.3.7 Tecnodeck
14.3.8 WPC-Woodplastic A.S.
14.3.9 Leben India Pvt. Ltd.
14.3.10 Novowood
14.3.11 Taizhou Huali New Materials Co Ltd.
14.3.12 Nanjing Xuhua Sundi New Building Materials Co. Ltd.
