Global LVT Flooring Market Growth 2025-2031

Global LVT Flooring Market Growth 2025-2031

The global LVT Flooring market size is predicted to grow from US$ 8630 million in 2025 to US$ 19050 million in 2031; it is expected to grow at a CAGR of 14.1% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “LVT Flooring Industry Forecast” looks at past sales and reviews total world LVT Flooring sales in 2024, providing a comprehensive analysis by region and market sector of projected LVT Flooring sales for 2025 through 2031. With LVT Flooring sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world LVT Flooring industry.

This Insight Report provides a comprehensive analysis of the global LVT Flooring landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on LVT Flooring portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global LVT Flooring market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for LVT Flooring and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global LVT Flooring.

This report presents a comprehensive overview, market shares, and growth opportunities of LVT Flooring market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Flexible LVT Flooring
Rigid LVT Flooring

Segmentation by Application:
Commercial Use
Residential Use

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Tarkett
Armstrong
Mannington Mills
Mohawk
Congoleum
Gerflor
Forbo
Novalis
LG Hausys
Karndean
Shaw Floors
CFL Flooring
Beaulieu
NOX Corporation
Metroflor
Milliken
Polyflor
Snmo LVT

Key Questions Addressed in this Report

What is the 10-year outlook for the global LVT Flooring market?

What factors are driving LVT Flooring market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do LVT Flooring market opportunities vary by end market size?

How does LVT Flooring break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.