Market Overview:
The global luxury vinyl tiles (LVT) flooring market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for LVT flooring from residential and non-residential applications, owing to its features such as durability, water resistance, and easy installation. In terms of type, the water-based segment is expected to lead the global luxury vinyl tiles (LVT) flooring market during the forecast period due to its environmental friendly nature and low VOC emissions.
 Flooring Industry Outlook.svg)
Product Definition:
Luxury Vinyl Tiles (LVT) Flooring is a flooring option that offers the look and feel of natural materials like stone or wood, but with the durability and easy maintenance of vinyl. LVT is a great choice for high-traffic areas in your home like kitchens, hallways, and entryways because it's scratch-resistant and can be quickly cleaned with a damp cloth.
Water-Based:
Water-based is a type of flooring material that uses water as its binding agent. Water-based vinyl tiles are manufactured using polyvinyl chloride, which is a polymer resin. The product has high demand in the U.S., owing to its excellent physical properties and low VOC emissions during production and transportation of LVT products on account of stringent regulations pertaining to VOC emissions in the country.
Solvent-Based:
Solvent-based is a type of flooring material that is made up of vinyl tiles and various other materials. It has been around for many years and was initially used in the construction industry. However, it gained popularity as a flooring material for use in commercial & residential buildings, such as offices, homes, schools etc., owing to its properties such as easy maintenance & cost-effectiveness among others.
Application Insights:
The residential application segment led the global luxury vinyl tiles (LVT) flooring market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing urbanization along with rising disposable income levels in emerging economies such as China, India, Brazil and Mexico. Moreover, demand for cost-efficient flooring solutions that offer aesthetic appeal along with superior functionality is expected to propel product demand in this segment over the coming years.
Non-residential applications include commercial buildings or industrial units where durability and resistance towards chemicals are key factors determining product selection. Vinyl tiles are increasingly being used for manufacturing floors at chemical plants, warehouses & storage facilities among others owing to their low maintenance requirements as compared to carpeted surfaces or wooden boards which were traditionally used for similar purposes previously.
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 rising construction activities in emerging economies, such as China and India. In addition, increasing demand for luxury vinyl tiles in residential applications is likely to drive regional growth over the forecast period.
The Asia Pacific was followed by Europe with a share of 31.0% in terms of volume sales in 2017 owing to growing construction activities mainly driven by rising demand from non-residential buildings including hotels and restaurants along with rapid urbanization witnessed across countries like Russia, Turkey, Poland among others are anticipated boost product demand over next eight years till 2030 time frame.
Growth Factors:
- Increasing disposable income of the consumers: The growth in the luxury vinyl tiles (LVT) flooring market is majorly attributed to the increasing disposable income of the consumers. With increase in purchasing power, people are inclined towards buying better quality products and services, which is aiding in the growth of LVT flooring market.
- Rising trend of home improvement: Home improvement has become one of the key trends across different parts of the world in recent years. This has led to an increase in demand for various types of flooring including LVT flooring, thereby propelling its growth.
- Growing popularity of wood-look vinyl tiles: Wood-look vinyl tiles have gained immense popularity over traditional wooden floors owing to their durability and cost effectiveness. This is further propelling demand for LVT flooring and aiding its growth globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Vinyl Tiles (LVT) Flooring Market Research Report
By Type
Water-Based, Solvent-Based, Hot-Melt Based
By Application
Residential, Non-Residential
By Companies
Mohawk Industries, Tarkett, Forbo, Shaw Industries, Interface, Armstrong, Mannington Mills, Mohawk, Congoleum, Gerflor, Novalis, LG Hausys, Karndean, Shaw Floors, CFL Flooring, Beaulieu, NOX Corporation, Metroflor, Milliken, Polyflor, Snmo LVT, Responsive Industries, The Dixie Group
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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Vinyl Tiles (LVT) Flooring Market Report Segments:
The global Luxury Vinyl Tiles (LVT) Flooring market is segmented on the basis of:
Types
Water-Based, Solvent-Based, Hot-Melt Based
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
Residential, Non-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:
- Mohawk Industries
- Tarkett
- Forbo
- Shaw Industries
- Interface
- Armstrong
- Mannington Mills
- Mohawk
- Congoleum
- Gerflor
- Novalis
- LG Hausys
- Karndean
- Shaw Floors
- CFL Flooring
- Beaulieu
- NOX Corporation
- Metroflor
- Milliken
- Polyflor
- Snmo LVT
- Responsive Industries
- The Dixie Group
 Flooring Market Overview.svg)
Highlights of The Luxury Vinyl Tiles (LVT) Flooring 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:
- Water-Based
- Solvent-Based
- Hot-Melt Based
- By Application:
- Residential
- Non-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 (LVT) Flooring 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
 Flooring Market Statistics.svg)
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?
LVT flooring is a type of vinyl flooring that is made from high-quality materials and features a variety of colors and designs. It is often considered to be more luxurious than other types of vinyl flooring, and it can be used in both residential and commercial settings. LVT flooring is also resistant to scratches, so it can last longer than other types of vinyl floors.
Some of the major companies in the luxury vinyl tiles (lvt) flooring market are Mohawk Industries, Tarkett, Forbo, Shaw Industries, Interface, Armstrong, Mannington Mills, Mohawk, Congoleum, Gerflor, Novalis, LG Hausys, Karndean, Shaw Floors, CFL Flooring, Beaulieu, NOX Corporation, Metroflor, Milliken, Polyflor, Snmo LVT, Responsive Industries, The Dixie Group.
The luxury vinyl tiles (lvt) flooring market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Luxury Vinyl Tiles (LVT) Flooring 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 (LVT) Flooring 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 (LVT) Flooring Market - Supply Chain
4.5. Global Luxury Vinyl Tiles (LVT) Flooring Market Forecast
4.5.1. Luxury Vinyl Tiles (LVT) Flooring Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Luxury Vinyl Tiles (LVT) Flooring Market Size (000 Units) and Y-o-Y Growth
4.5.3. Luxury Vinyl Tiles (LVT) Flooring Market Absolute $ Opportunity
5. Global Luxury Vinyl Tiles (LVT) Flooring 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 (LVT) Flooring Market Size and Volume Forecast by Type
5.3.1. Water-Based
5.3.2. Solvent-Based
5.3.3. Hot-Melt Based
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Luxury Vinyl Tiles (LVT) Flooring 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 (LVT) Flooring Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Non-Residential
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Luxury Vinyl Tiles (LVT) Flooring 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 (LVT) Flooring 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 (LVT) Flooring 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 (LVT) Flooring 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 (LVT) Flooring Demand Share Forecast, 2019-2026
9. North America Luxury Vinyl Tiles (LVT) Flooring 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 (LVT) Flooring 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 (LVT) Flooring Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Non-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 (LVT) Flooring Market Size and Volume Forecast by Type
9.7.1. Water-Based
9.7.2. Solvent-Based
9.7.3. Hot-Melt Based
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 (LVT) Flooring Demand Share Forecast, 2019-2026
10. Latin America Luxury Vinyl Tiles (LVT) Flooring 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 (LVT) Flooring 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 (LVT) Flooring Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Non-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 (LVT) Flooring Market Size and Volume Forecast by Type
10.7.1. Water-Based
10.7.2. Solvent-Based
10.7.3. Hot-Melt Based
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 (LVT) Flooring Demand Share Forecast, 2019-2026
11. Europe Luxury Vinyl Tiles (LVT) Flooring 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 (LVT) Flooring 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 (LVT) Flooring Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Non-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 (LVT) Flooring Market Size and Volume Forecast by Type
11.7.1. Water-Based
11.7.2. Solvent-Based
11.7.3. ot-Melt Based
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 (LVT) Flooring Demand Share, 2019-2026
12. Asia Pacific Luxury Vinyl Tiles (LVT) Flooring 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 (LVT) Flooring 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 (LVT) Flooring Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Non-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 (LVT) Flooring Market Size and Volume Forecast by Type
12.7.1. Water-Based
12.7.2. Solvent-Based
12.7.3. Hot-Melt Based
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 (LVT) Flooring Demand Share, 2019-2026
13. Middle East & Africa Luxury Vinyl Tiles (LVT) Flooring 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 (LVT) Flooring 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 (LVT) Flooring Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Non-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 (LVT) Flooring Market Size and Volume Forecast by Type
13.7.1. Water-Based
13.7.2. Solvent-Based
13.7.3. Hot-Melt Based
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 (LVT) Flooring Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Luxury Vinyl Tiles (LVT) Flooring Market: Market Share Analysis
14.2. Luxury Vinyl Tiles (LVT) Flooring Distributors and Customers
14.3. Luxury Vinyl Tiles (LVT) Flooring Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Mohawk Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tarkett
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Forbo
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shaw Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Interface
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Armstrong
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mannington Mills
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mohawk
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Congoleum
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Gerflor
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Novalis
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. LG Hausys
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Karndean
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Shaw Floors
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. CFL Flooring
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Beaulieu
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. NOX Corporation
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Metroflor
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Milliken
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Polyflor
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
