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

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

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.

LPI (LP Information)' newest research report, the “Luxury Vinyl Tile (LVT) Industry Forecast” looks at past sales and reviews total world Luxury Vinyl Tile (LVT) sales in 2022, providing a comprehensive analysis by region and market sector of projected Luxury Vinyl Tile (LVT) sales for 2023 through 2029. With Luxury Vinyl Tile (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 Tile (LVT) industry.

This Insight Report provides a comprehensive analysis of the global Luxury Vinyl Tile (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 Tile (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 Tile (LVT) market.

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

The global Luxury Vinyl Tile (LVT) market size is projected to grow from US$ 8993.2 million in 2022 to US$ 21250 million in 2029; it is expected to grow at a CAGR of 21250 from 2023 to 2029.

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.

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

Market Segmentation:

Segmentation by type
Loose-lay LVT
Dry-back LVT
SPC
WPC
Others

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
Forbo
Shaw Floors
Metroflor
Karndean
Beaulieu
LG Hausys
Milliken
NOX Corporation
Novalis
Polyflor

Key Questions Addressed in this Report

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

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

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

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

How does Luxury Vinyl Tile (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.