Luxury Vinyl Tiles (LVT) Flooring Market Report: Trends, Forecast and Competitive Analysis to 2030

Luxury Vinyl Tiles (LVT) Flooring Market Report: Trends, Forecast and Competitive Analysis to 2030

Luxury Vinyl Tiles (Lvt) Flooring Trends and Forecast

The future of the global luxury vinyl tiles (LVT) flooring market looks promising with opportunities in the residential and non-residential markets. The global luxury vinyl tiles (VT) flooring market is expected to reach an estimated $44 billion by 2030 with a CAGR of 11.0% from 2024 to 2030. The major drivers for this market are significantly growing construction industry, rapid urbanization, and rising inclination towards interior decoration.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Luxury Vinyl Tiles (LVT) Flooring by Segment

The study includes a forecast for the global luxury vinyl tiles (LVT) flooring by type, end use, and region.

Luxury Vinyl Tiles (LVT) Flooring Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Rigid
• Flexible

Luxury Vinyl Tiles (LVT) Flooring Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Non-Residential

Luxury Vinyl Tiles (LVT) Flooring Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Luxury Vinyl Tiles (LVT) Flooring Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies luxury vinyl tiles (LVT) flooring companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the luxury vinyl tiles (LVT) flooring companies profiled in this report include-

• Mohawk Industries
• Tarkett
• Forbo
• Shaw Industries Interface
• Armstrong Flooring
• Gerflor
• The Dixie

Luxury Vinyl Tiles (LVT) Flooring Market Insights

Lucintel forecasts that flexible will remain the larger segment over the forecast period due to its durability, flexibility, ease of installation, and affordability.

Within this market, non residential is expected to witness higher growth due to high preference for emergency and operating rooms.

APAC is expected to witness highest growth over the forecast period due to growing number of remodeling and maintenance activities and rising investment in the infrastructural sector.

Features of the Global Luxury Vinyl Tiles (LVT) Flooring Market

Market Size Estimates: Luxury vinyl tiles (LVT) flooring market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Luxury vinyl tiles (LVT) flooring market size by type, end use, and region in terms of value ($B).

Regional Analysis: Luxury vinyl tiles (LVT) flooring market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different types, end uses, and regions for the luxury vinyl tiles (LVT) flooring market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the luxury vinyl tiles (LVT) flooring market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the luxury vinyl tiles (LVT) flooring market size?

Answer: The global luxury vinyl tiles (LVT) flooring market is expected to reach an estimated $44 billion by 2030.

Q2. What is the growth forecast for luxury vinyl tiles (LVT) flooring market?

Answer: The global luxury vinyl tiles (LVT) flooring market is expected to grow with a CAGR of 11.0% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the luxury vinyl tiles (LVT) flooring market?

Answer: The major drivers for this market are significantly growing construction industry, rapid urbanization, and rising inclination towards interior decoration.

Q4. What are the major segments for luxury vinyl tiles (LVT) flooring market?

Answer: The future of the luxury vinyl tiles (LVT) flooring market looks promising with opportunities in the residential and non-residential markets.

Q5. Who are the key luxury vinyl tiles (LVT) flooring market companies?

Answer: Some of the key luxury vinyl tiles (VT) flooring companies are as follows:

• Mohawk Industries
• Tarkett
• Forbo
• Shaw Industries Interface
• Armstrong Flooring
• Gerflor
• The Dixie

Q6. Which luxury vinyl tiles (LVT) flooring market segment will be the largest in future?

Answer: Lucintel forecasts that flexible will remain the larger segment over the forecast period due to its durability, flexibility, ease of installation, and affordability.

Q7. In luxury vinyl tiles (LVT) flooring market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing number of remodeling and maintenance activities and rising investment in the infrastructural sector.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the luxury vinyl tiles (LVT) flooring market by type (rigid and flexible), end use (residential and non-residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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