Global Luxury Vinyl Flooring (LVT) Market Growth 2025-2031

The global Luxury Vinyl Flooring (LVT) market size is predicted to grow from US$ 11940 million in 2025 to US$ 21960 million in 2031; it is expected to grow at a CAGR of 10.7% from 2025 to 2031.

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.

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%.

LP Information, Inc. (LPI) ' newest research report, the “Luxury Vinyl Flooring (LVT) Industry Forecast” looks at past sales and reviews total world Luxury Vinyl Flooring (LVT) sales in 2024, providing a comprehensive analysis by region and market sector of projected Luxury Vinyl Flooring (LVT) sales for 2025 through 2031. 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).

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.

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 analysing 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 by Type, by Application?

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