Luxury Vinyl Tile (LVT) Industry Research Report 2024

Luxury Vinyl Tile (LVT) Industry Research Report 2024


LVT is an acronym for luxury vinyl tile. It is a marketing term used by numerous companies to describe their vinyl flooring that is decoratively patterned to emulate the look of natural wood, granite or other types of flooring. There is no exact definition of the term, only generalities. It is not actually a separate category of tiling, simply a way of describing standard vinyl tiling that has been designed to match natural flooring.

Highlights

The global Luxury Vinyl Tile (LVT) market is projected to reach US$ million by 2030 from an estimated US$ million in 2024, at a CAGR of % during 2025 and 2030.
Luxury Vinyl Tile (LVT) downstream is wide and the main application fields are residential and commercial use. Globally, residential use accounts for nearly 66.95% of total downstream consumption volume of Luxury Vinyl Tile (LVT) in global in 2019. According to the type, it can be divided into Loose-lay LVT, Dry-back LVT, SPC, WPC, etc. Dry-back LVT is the main product, capturing about 55.55% of global consumption of Luxury Vinyl Tile (LVT) in 2019. Today’s industrial marketplace is increasingly competitive and requires the ability to reduce costs, raise production and increase accuracy for any business that is going to survive. For businesses that will truly thrive, the ability to lead development and get products to market faster is also critical.

Report Scope

This report aims to provide a comprehensive presentation of the global market for Luxury Vinyl Tile (LVT), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Luxury Vinyl Tile (LVT).
The Luxury Vinyl Tile (LVT) market size, estimations, and forecasts are provided in terms of output/shipments (K Sq.m.) and revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Luxury Vinyl Tile (LVT) market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Luxury Vinyl Tile (LVT) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2019-2024. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:

Tarkett
Armstrong
Mohawk
Mannington Mills
Congoleum
Gerflor
Forbo
Shaw Floors
Metroflor
Karndean
Beaulieu
LG Hausys
Milliken
NOX Corporation
Novalis
Polyflor

Product Type Insights

Global markets are presented by Luxury Vinyl Tile (LVT) type, along with growth forecasts through 2030. Estimates on production and value are based on the price in the supply chain at which the Luxury Vinyl Tile (LVT) are procured by the manufacturers.
This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows production and revenue data by type, and during the historical period (2019-2024) and forecast period (2025-2030).
Luxury Vinyl Tile (LVT) segment by Type

Loose-lay LVT
Dry-back LVT
SPC
WPC
Others

Application Insights

This report has provided the market size (production and revenue data) by application, during the historical period (2019-2024) and forecast period (2025-2030).
This report also outlines the market trends of each segment and consumer behaviors impacting the Luxury Vinyl Tile (LVT) market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Luxury Vinyl Tile (LVT) market.
Luxury Vinyl Tile (LVT) segment by Application

Commercial Use
Residential Use

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2019-2030.
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2023 because of the base year, with estimates for 2024 and forecast value for 2030.
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the Luxury Vinyl Tile (LVT) market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Reasons to Buy This Report

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Luxury Vinyl Tile (LVT) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of Luxury Vinyl Tile (LVT) and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Luxury Vinyl Tile (LVT) industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Luxury Vinyl Tile (LVT).
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Core Chapters

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Luxury Vinyl Tile (LVT) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 5: Production/output, value of Luxury Vinyl Tile (LVT) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Luxury Vinyl Tile (LVT) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 7: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 11: The main points and conclusions of the report.


1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 Luxury Vinyl Tile (LVT) by Type
2.2.1 Market Value Comparison by Type (2019 VS 2023 VS 2030) & (US$ Million)
1.2.2 Loose-lay LVT
1.2.3 Dry-back LVT
1.2.4 SPC
1.2.5 WPC
1.2.6 Others
2.3 Luxury Vinyl Tile (LVT) by Application
2.3.1 Market Value Comparison by Application (2019 VS 2023 VS 2030) & (US$ Million)
2.3.2 Commercial Use
2.3.3 Residential Use
2.4 Global Market Growth Prospects
2.4.1 Global Luxury Vinyl Tile (LVT) Production Value Estimates and Forecasts (2019-2030)
2.4.2 Global Luxury Vinyl Tile (LVT) Production Capacity Estimates and Forecasts (2019-2030)
2.4.3 Global Luxury Vinyl Tile (LVT) Production Estimates and Forecasts (2019-2030)
2.4.4 Global Luxury Vinyl Tile (LVT) Market Average Price (2019-2030)
3 Market Competitive Landscape by Manufacturers
3.1 Global Luxury Vinyl Tile (LVT) Production by Manufacturers (2019-2024)
3.2 Global Luxury Vinyl Tile (LVT) Production Value by Manufacturers (2019-2024)
3.3 Global Luxury Vinyl Tile (LVT) Average Price by Manufacturers (2019-2024)
3.4 Global Luxury Vinyl Tile (LVT) Industry Manufacturers Ranking, 2022 VS 2023 VS 2024
3.5 Global Luxury Vinyl Tile (LVT) Key Manufacturers, Manufacturing Sites & Headquarters
3.6 Global Luxury Vinyl Tile (LVT) Manufacturers, Product Type & Application
3.7 Global Luxury Vinyl Tile (LVT) Manufacturers, Date of Enter into This Industry
3.8 Global Luxury Vinyl Tile (LVT) Market CR5 and HHI
3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
4.1 Tarkett
4.1.1 Tarkett Luxury Vinyl Tile (LVT) Company Information
4.1.2 Tarkett Luxury Vinyl Tile (LVT) Business Overview
4.1.3 Tarkett Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
4.1.4 Tarkett Product Portfolio
4.1.5 Tarkett Recent Developments
4.2 Armstrong
4.2.1 Armstrong Luxury Vinyl Tile (LVT) Company Information
4.2.2 Armstrong Luxury Vinyl Tile (LVT) Business Overview
4.2.3 Armstrong Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
4.2.4 Armstrong Product Portfolio
4.2.5 Armstrong Recent Developments
4.3 Mohawk
4.3.1 Mohawk Luxury Vinyl Tile (LVT) Company Information
4.3.2 Mohawk Luxury Vinyl Tile (LVT) Business Overview
4.3.3 Mohawk Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
4.3.4 Mohawk Product Portfolio
4.3.5 Mohawk Recent Developments
4.4 Mannington Mills
4.4.1 Mannington Mills Luxury Vinyl Tile (LVT) Company Information
4.4.2 Mannington Mills Luxury Vinyl Tile (LVT) Business Overview
4.4.3 Mannington Mills Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
4.4.4 Mannington Mills Product Portfolio
4.4.5 Mannington Mills Recent Developments
4.5 Congoleum
4.5.1 Congoleum Luxury Vinyl Tile (LVT) Company Information
4.5.2 Congoleum Luxury Vinyl Tile (LVT) Business Overview
4.5.3 Congoleum Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
4.5.4 Congoleum Product Portfolio
4.5.5 Congoleum Recent Developments
4.6 Gerflor
4.6.1 Gerflor Luxury Vinyl Tile (LVT) Company Information
4.6.2 Gerflor Luxury Vinyl Tile (LVT) Business Overview
4.6.3 Gerflor Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
4.6.4 Gerflor Product Portfolio
4.6.5 Gerflor Recent Developments
4.7 Forbo
4.7.1 Forbo Luxury Vinyl Tile (LVT) Company Information
4.7.2 Forbo Luxury Vinyl Tile (LVT) Business Overview
4.7.3 Forbo Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
4.7.4 Forbo Product Portfolio
4.7.5 Forbo Recent Developments
4.8 Shaw Floors
4.8.1 Shaw Floors Luxury Vinyl Tile (LVT) Company Information
4.8.2 Shaw Floors Luxury Vinyl Tile (LVT) Business Overview
4.8.3 Shaw Floors Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
4.8.4 Shaw Floors Product Portfolio
4.8.5 Shaw Floors Recent Developments
4.9 Metroflor
4.9.1 Metroflor Luxury Vinyl Tile (LVT) Company Information
4.9.2 Metroflor Luxury Vinyl Tile (LVT) Business Overview
4.9.3 Metroflor Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
4.9.4 Metroflor Product Portfolio
4.9.5 Metroflor Recent Developments
4.10 Karndean
4.10.1 Karndean Luxury Vinyl Tile (LVT) Company Information
4.10.2 Karndean Luxury Vinyl Tile (LVT) Business Overview
4.10.3 Karndean Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
4.10.4 Karndean Product Portfolio
4.10.5 Karndean Recent Developments
7.11 Beaulieu
7.11.1 Beaulieu Luxury Vinyl Tile (LVT) Company Information
7.11.2 Beaulieu Luxury Vinyl Tile (LVT) Business Overview
4.11.3 Beaulieu Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
7.11.4 Beaulieu Product Portfolio
7.11.5 Beaulieu Recent Developments
7.12 LG Hausys
7.12.1 LG Hausys Luxury Vinyl Tile (LVT) Company Information
7.12.2 LG Hausys Luxury Vinyl Tile (LVT) Business Overview
7.12.3 LG Hausys Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
7.12.4 LG Hausys Product Portfolio
7.12.5 LG Hausys Recent Developments
7.13 Milliken
7.13.1 Milliken Luxury Vinyl Tile (LVT) Company Information
7.13.2 Milliken Luxury Vinyl Tile (LVT) Business Overview
7.13.3 Milliken Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
7.13.4 Milliken Product Portfolio
7.13.5 Milliken Recent Developments
7.14 NOX Corporation
7.14.1 NOX Corporation Luxury Vinyl Tile (LVT) Company Information
7.14.2 NOX Corporation Luxury Vinyl Tile (LVT) Business Overview
7.14.3 NOX Corporation Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
7.14.4 NOX Corporation Product Portfolio
7.14.5 NOX Corporation Recent Developments
7.15 Novalis
7.15.1 Novalis Luxury Vinyl Tile (LVT) Company Information
7.15.2 Novalis Luxury Vinyl Tile (LVT) Business Overview
7.15.3 Novalis Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
7.15.4 Novalis Product Portfolio
7.15.5 Novalis Recent Developments
7.16 Polyflor
7.16.1 Polyflor Luxury Vinyl Tile (LVT) Company Information
7.16.2 Polyflor Luxury Vinyl Tile (LVT) Business Overview
7.16.3 Polyflor Luxury Vinyl Tile (LVT) Production Capacity, Value and Gross Margin (2019-2024)
7.16.4 Polyflor Product Portfolio
7.16.5 Polyflor Recent Developments
5 Global Luxury Vinyl Tile (LVT) Production by Region
5.1 Global Luxury Vinyl Tile (LVT) Production Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.2 Global Luxury Vinyl Tile (LVT) Production by Region: 2019-2030
5.2.1 Global Luxury Vinyl Tile (LVT) Production by Region: 2019-2024
5.2.2 Global Luxury Vinyl Tile (LVT) Production Forecast by Region (2025-2030)
5.3 Global Luxury Vinyl Tile (LVT) Production Value Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
5.4 Global Luxury Vinyl Tile (LVT) Production Value by Region: 2019-2030
5.4.1 Global Luxury Vinyl Tile (LVT) Production Value by Region: 2019-2024
5.4.2 Global Luxury Vinyl Tile (LVT) Production Value Forecast by Region (2025-2030)
5.5 Global Luxury Vinyl Tile (LVT) Market Price Analysis by Region (2019-2024)
5.6 Global Luxury Vinyl Tile (LVT) Production and Value, YOY Growth
5.6.1 North America Luxury Vinyl Tile (LVT) Production Value Estimates and Forecasts (2019-2030)
5.6.2 Europe Luxury Vinyl Tile (LVT) Production Value Estimates and Forecasts (2019-2030)
5.6.3 China Luxury Vinyl Tile (LVT) Production Value Estimates and Forecasts (2019-2030)
5.6.4 Japan Luxury Vinyl Tile (LVT) Production Value Estimates and Forecasts (2019-2030)
5.6.5 South Korea Luxury Vinyl Tile (LVT) Production Value Estimates and Forecasts (2019-2030)
6 Global Luxury Vinyl Tile (LVT) Consumption by Region
6.1 Global Luxury Vinyl Tile (LVT) Consumption Estimates and Forecasts by Region: 2019 VS 2023 VS 2030
6.2 Global Luxury Vinyl Tile (LVT) Consumption by Region (2019-2030)
6.2.1 Global Luxury Vinyl Tile (LVT) Consumption by Region: 2019-2030
6.2.2 Global Luxury Vinyl Tile (LVT) Forecasted Consumption by Region (2025-2030)
6.3 North America
6.3.1 North America Luxury Vinyl Tile (LVT) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.3.2 North America Luxury Vinyl Tile (LVT) Consumption by Country (2019-2030)
6.3.3 U.S.
6.3.4 Canada
6.4 Europe
6.4.1 Europe Luxury Vinyl Tile (LVT) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.4.2 Europe Luxury Vinyl Tile (LVT) Consumption by Country (2019-2030)
6.4.3 Germany
6.4.4 France
6.4.5 U.K.
6.4.6 Italy
6.4.7 Russia
6.5 Asia Pacific
6.5.1 Asia Pacific Luxury Vinyl Tile (LVT) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.5.2 Asia Pacific Luxury Vinyl Tile (LVT) Consumption by Country (2019-2030)
6.5.3 China
6.5.4 Japan
6.5.5 South Korea
6.5.6 China Taiwan
6.5.7 Southeast Asia
6.5.8 India
6.5.9 Australia
6.6 Latin America, Middle East & Africa
6.6.1 Latin America, Middle East & Africa Luxury Vinyl Tile (LVT) Consumption Growth Rate by Country: 2019 VS 2023 VS 2030
6.6.2 Latin America, Middle East & Africa Luxury Vinyl Tile (LVT) Consumption by Country (2019-2030)
6.6.3 Mexico
6.6.4 Brazil
6.6.5 Turkey
6.6.5 GCC Countries
7 Segment by Type
7.1 Global Luxury Vinyl Tile (LVT) Production by Type (2019-2030)
7.1.1 Global Luxury Vinyl Tile (LVT) Production by Type (2019-2030) & (K Sq.m.)
7.1.2 Global Luxury Vinyl Tile (LVT) Production Market Share by Type (2019-2030)
7.2 Global Luxury Vinyl Tile (LVT) Production Value by Type (2019-2030)
7.2.1 Global Luxury Vinyl Tile (LVT) Production Value by Type (2019-2030) & (US$ Million)
7.2.2 Global Luxury Vinyl Tile (LVT) Production Value Market Share by Type (2019-2030)
7.3 Global Luxury Vinyl Tile (LVT) Price by Type (2019-2030)
8 Segment by Application
8.1 Global Luxury Vinyl Tile (LVT) Production by Application (2019-2030)
8.1.1 Global Luxury Vinyl Tile (LVT) Production by Application (2019-2030) & (K Sq.m.)
8.1.2 Global Luxury Vinyl Tile (LVT) Production by Application (2019-2030) & (K Sq.m.)
8.2 Global Luxury Vinyl Tile (LVT) Production Value by Application (2019-2030)
8.2.1 Global Luxury Vinyl Tile (LVT) Production Value by Application (2019-2030) & (US$ Million)
8.2.2 Global Luxury Vinyl Tile (LVT) Production Value Market Share by Application (2019-2030)
8.3 Global Luxury Vinyl Tile (LVT) Price by Application (2019-2030)
9 Value Chain and Sales Channels Analysis of the Market
9.1 Luxury Vinyl Tile (LVT) Value Chain Analysis
9.1.1 Luxury Vinyl Tile (LVT) Key Raw Materials
9.1.2 Raw Materials Key Suppliers
9.1.3 Luxury Vinyl Tile (LVT) Production Mode & Process
9.2 Luxury Vinyl Tile (LVT) Sales Channels Analysis
9.2.1 Direct Comparison with Distribution Share
9.2.2 Luxury Vinyl Tile (LVT) Distributors
9.2.3 Luxury Vinyl Tile (LVT) Customers
10 Global Luxury Vinyl Tile (LVT) Analyzing Market Dynamics
10.1 Luxury Vinyl Tile (LVT) Industry Trends
10.2 Luxury Vinyl Tile (LVT) Industry Drivers
10.3 Luxury Vinyl Tile (LVT) Industry Opportunities and Challenges
10.4 Luxury Vinyl Tile (LVT) Industry Restraints
11 Report Conclusion
12 Disclaimer

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