Global Luxury Vinyl Flooring (LVT) Market Growth 2023-2029

Global Luxury Vinyl Flooring (LVT) Market Growth 2023-2029

For gorgeous, elevated luxury in the home, the sophistication and timelessness of hardwood flooring is often a first choice among homeowners. In addition to lasting for decades with proper care, homes with wood flooring retain their value better, sell more quickly, and tend to sell for more. But wood flooring has drawbacks. That’s why luxury vinyl flooring is becoming increasingly popular with homeowners.

Note: The data of the manufacturer in this report is based on the data of the terminal brand. At present, a large number of LVT factories are located in China and South Korea. A large number of factories in this region export LVT to the world, but most of them are sold through the trademarks of other companies. Leading players such as Tarkett, Armstrong, Mohawk and Mannington Mills have products made by Chinese players. Therefore, for statistical purposes, the data in this report is based on the final sales brand or the player’s own brand.

LPI (LP Information)' newest research report, the “Luxury Vinyl Flooring (LVT) Industry Forecast” looks at past sales and reviews total world Luxury Vinyl Flooring (LVT) sales in 2022, providing a comprehensive analysis by region and market sector of projected Luxury Vinyl Flooring (LVT) sales for 2023 through 2029. With Luxury Vinyl Flooring (LVT) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Luxury Vinyl Flooring (LVT) industry.

This Insight Report provides a comprehensive analysis of the global Luxury Vinyl Flooring (LVT) 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 Luxury Vinyl Flooring (LVT) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Luxury Vinyl Flooring (LVT) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Luxury Vinyl Flooring (LVT) 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 Luxury Vinyl Flooring (LVT).

The global Luxury Vinyl Flooring (LVT) market size is projected to grow from US$ 9831.4 million in 2022 to US$ 20010 million in 2029; it is expected to grow at a CAGR of 20010 from 2023 to 2029.

The major players in global Luxury Vinyl Flooring (LVT) market include Tarkett, Armstrong, Mohawk, etc. The top 3 players occupy over 10% shares of the global market. North America and Europe are main markets, they occupy over 80% of the global market. Dry-Back LVT is the main type, with a share about 40%. Residential Use is the main application, which holds a share about 75%.

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

Market Segmentation:

Segmentation by type

Dry-Back LVT

Loose-Lay LVT

SPC

WPC

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 analyzing the company's coverage, product portfolio, its market penetration.

Tarkett

Armstrong

Mohawk

Mannington Mills

Congoleum

Gerflor

Metroflor

Forbo

Shaw Floors

NOX Corporation

Karndean

LG Hausys

Beaulieu

Novalis

Milliken

Polyflor

Key Questions Addressed in this Report

What is the 10-year outlook for the global Luxury Vinyl Flooring (LVT) market?

What factors are driving Luxury Vinyl Flooring (LVT) market growth, globally and by region?

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

How do Luxury Vinyl Flooring (LVT) market opportunities vary by end market size?

How does Luxury Vinyl Flooring (LVT) break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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