Global LVT Flooring Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

Global LVT Flooring Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030

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.

According to our (Global Info Research) latest study, the global LVT Flooring market size was valued at US$ 8087 million in 2023 and is forecast to a readjusted size of USD 19180 million by 2030 with a CAGR of 13.3% during review period.

Global LVT Flooring key players include Tarkett, Armstrong, Mohawk, etc. Global top three manufacturers hold a share about 30%.

European Union is the largest market, with a share about 45%, followed by USA and China, both have a share over 40 percent.

In terms of product, Flexible Luxury Vinyl Tile (LVT) is the largest segment, with a share about 70%. And in terms of application, the largest application is Residential Use, followed by Commercial Use.

This report is a detailed and comprehensive analysis for global LVT Flooring market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.

Key Features:

Global LVT Flooring market size and forecasts, in consumption value ($ Million), sales quantity (K Sq.m), and average selling prices (USD/Sq.m), 2019-2030

Global LVT Flooring market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Sq.m), and average selling prices (USD/Sq.m), 2019-2030

Global LVT Flooring market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K Sq.m), and average selling prices (USD/Sq.m), 2019-2030

Global LVT Flooring market shares of main players, shipments in revenue ($ Million), sales quantity (K Sq.m), and ASP (USD/Sq.m), 2019-2024

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for LVT Flooring

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global LVT Flooring market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Tarkett, Armstrong, Mannington Mills, Mohawk, Congoleum, Gerflor, Forbo, Novalis, LG Hausys, Karndean, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Market Segmentation

LVT Flooring market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Flexible LVT Flooring
Rigid LVT Flooring

Market segment by Application
Commercial Use
Residential Use

Major players covered
Tarkett
Armstrong
Mannington Mills
Mohawk
Congoleum
Gerflor
Forbo
Novalis
LG Hausys
Karndean
Shaw Floors
CFL Flooring
Beaulieu
NOX Corporation
Metroflor
Milliken
Polyflor
Snmo LVT

Market segment by region, regional analysis covers

North America (United States, Canada, and Mexico)

Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)

Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)

South America (Brazil, Argentina, Colombia, and Rest of South America)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe LVT Flooring product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top manufacturers of LVT Flooring, with price, sales quantity, revenue, and global market share of LVT Flooring from 2019 to 2024.

Chapter 3, the LVT Flooring competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the LVT Flooring breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2019 to 2030.

Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2019 to 2030.

Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2019 to 2024.and LVT Flooring market forecast, by regions, by Type, and by Application, with sales and revenue, from 2025 to 2030.

Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.

Chapter 13, the key raw materials and key suppliers, and industry chain of LVT Flooring.

Chapter 14 and 15, to describe LVT Flooring sales channel, distributors, customers, research findings and conclusion.