The global luxury vinyl tiles and LVT floorings market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 3.2 billion by 2030. The growth of this market is driven by the increasing demand for luxury vinyl tiles and LVT floorings in residential and commercial applications, as well as the growing popularity of these products among consumers due to their durability, low maintenance requirements, and eco-friendly nature.
The flexible luxury vinyl tile (LVT) segment accounted for over 50% share in 2017 owing to its wide range of applications such as kitchen backsplashes, bathroom floors, shower stalls, pool decks etc, which are not possible with rigid LVTs. The flexible LVTs are also preferred because they can be installed on uneven surfaces without any need for additional adhesive or grout between joints.
Some Of The Growth Factors Of This Market:
- Increasing awareness about environmental sustainability among consumers has led them towards sustainable flooring options such as LVT which are made from natural materials such as wood or cork that can be recycled or reused after use without any adverse effects on the environment.
- The growing popularity of open-plan living spaces has also contributed significantly towards the growth of this market as it provides an opportunity for homeowners to create a more personalized space with their choice of flooring material that suits their needs and preferences best while also providing them with an opportunity for increased resale value in future if they decide to sell their property later on down the line.
Industry Growth Insights published a new data on “Luxury Vinyl Tiles and LVT Floorings Market”. The research report is titled “Luxury Vinyl Tiles and LVT Floorings Market research by Types (Flexible Luxury Vinyl Tile(LVT), Rigid Luxury Vinyl Tile(LVT)), By Applications (Commercial, Residential), By Players/Companies Tarkett, Armstrong, Mannington Mills, NOX Corporation, LG Hausys, Congoleum, Mohawk, Gerflor, Forbo, Beaulieu, RiL, Metroflor, Milliken, Polyflor, Karndean, Parterre, Snmo LVT, Hailide New Material”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Vinyl Tiles and LVT Floorings Market Research Report
By Type
Flexible Luxury Vinyl Tile(LVT), Rigid Luxury Vinyl Tile(LVT)
By Application
Commercial, Residential
By Companies
Tarkett, Armstrong, Mannington Mills, NOX Corporation, LG Hausys, Congoleum, Mohawk, Gerflor, Forbo, Beaulieu, RiL, Metroflor, Milliken, Polyflor, Karndean, Parterre, Snmo LVT, Hailide New Material
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
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Vinyl Tiles and LVT Floorings Market Report Segments:
The global Luxury Vinyl Tiles and LVT Floorings market is segmented on the basis of:
Types
Flexible Luxury Vinyl Tile(LVT), Rigid 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, Residential
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:
- Tarkett
- Armstrong
- Mannington Mills
- NOX Corporation
- LG Hausys
- Congoleum
- Mohawk
- Gerflor
- Forbo
- Beaulieu
- RiL
- Metroflor
- Milliken
- Polyflor
- Karndean
- Parterre
- Snmo LVT
- Hailide New Material
Highlights of The Luxury Vinyl Tiles and LVT Floorings 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:
- Flexible Luxury Vinyl Tile(LVT)
- Rigid Luxury Vinyl Tile(LVT)
- By Application:
- Commercial
- Residential
- 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 Tiles and LVT Floorings 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 Tiles and LVT Floorings are a type of flooring made from vinyl. They are often considered to be more luxurious than other types of flooring, because they are more resistant to scratches and stains. They also tend to be less expensive than other types of flooring, making them a good option for those who want a high-quality floor but don't want to spend a lot of money on it.
Some of the key players operating in the luxury vinyl tiles and lvt floorings market are Tarkett, Armstrong, Mannington Mills, NOX Corporation, LG Hausys, Congoleum, Mohawk, Gerflor, Forbo, Beaulieu, RiL, Metroflor, Milliken, Polyflor, Karndean, Parterre, Snmo LVT, Hailide New Material.
The luxury vinyl tiles and lvt floorings market is expected to register a CAGR of 4.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luxury Vinyl Tiles and LVT Floorings Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Luxury Vinyl Tiles and LVT Floorings Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Luxury Vinyl Tiles and LVT Floorings Market - Supply Chain
4.5. Global Luxury Vinyl Tiles and LVT Floorings Market Forecast
4.5.1. Luxury Vinyl Tiles and LVT Floorings Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Luxury Vinyl Tiles and LVT Floorings Market Size (000 Units) and Y-o-Y Growth
4.5.3. Luxury Vinyl Tiles and LVT Floorings Market Absolute $ Opportunity
5. Global Luxury Vinyl Tiles and LVT Floorings Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Type
5.3.1. Flexible Luxury Vinyl Tile(LVT)
5.3.2. Rigid Luxury Vinyl Tile(LVT)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Luxury Vinyl Tiles and LVT Floorings Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Application
6.3.1. Commercial
6.3.2. Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Luxury Vinyl Tiles and LVT Floorings Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Luxury Vinyl Tiles and LVT Floorings Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Luxury Vinyl Tiles and LVT Floorings Demand Share Forecast, 2019-2026
9. North America Luxury Vinyl Tiles and LVT Floorings Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Application
9.4.1. Commercial
9.4.2. Residential
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Type
9.7.1. Flexible Luxury Vinyl Tile(LVT)
9.7.2. Rigid Luxury Vinyl Tile(LVT)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Luxury Vinyl Tiles and LVT Floorings Demand Share Forecast, 2019-2026
10. Latin America Luxury Vinyl Tiles and LVT Floorings Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Application
10.4.1. Commercial
10.4.2. Residential
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Type
10.7.1. Flexible Luxury Vinyl Tile(LVT)
10.7.2. Rigid Luxury Vinyl Tile(LVT)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Luxury Vinyl Tiles and LVT Floorings Demand Share Forecast, 2019-2026
11. Europe Luxury Vinyl Tiles and LVT Floorings Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Application
11.4.1. Commercial
11.4.2. Residential
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Type
11.7.1. Flexible Luxury Vinyl Tile(LT)
11.7.2. Rigid Luxury Vinyl Tile(LVT)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Luxury Vinyl Tiles and LVT Floorings Demand Share, 2019-2026
12. Asia Pacific Luxury Vinyl Tiles and LVT Floorings Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Application
12.4.1. Commercial
12.4.2. Residential
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Type
12.7.1. Flexible Luxury Vinyl Tile(LVT)
12.7.2. Rigid Luxury Vinyl Tile(LVT)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Luxury Vinyl Tiles and LVT Floorings Demand Share, 2019-2026
13. Middle East & Africa Luxury Vinyl Tiles and LVT Floorings Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Luxury Vinyl Tiles and LVT Floorings Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Application
13.4.1. Commercial
13.4.2. Residential
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Luxury Vinyl Tiles and LVT Floorings Market Size and Volume Forecast by Type
13.7.1. Flexible Luxury Vinyl Tile(LVT)
13.7.2. Rigid Luxury Vinyl Tile(LVT)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Luxury Vinyl Tiles and LVT Floorings Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Luxury Vinyl Tiles and LVT Floorings Market: Market Share Analysis
14.2. Luxury Vinyl Tiles and LVT Floorings Distributors and Customers
14.3. Luxury Vinyl Tiles and LVT Floorings Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tarkett
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Armstrong
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mannington Mills
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. NOX Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LG Hausys
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Congoleum
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mohawk
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Gerflor
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Forbo
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Beaulieu
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. RiL
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Metroflor
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Milliken
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Polyflor
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Karndean
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Parterre
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Snmo LVT
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Hailide New Material
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
