Luxury Vinyl Tile Floor Covering Market Size, Share, By Product (Rigid Core LVT, Self-Adhesive LVT, Waterproof LVT, and Others), Thickness (Thin LVT, Medium LVT, and Thick LVT), Application (Residential, Commercial, Industrial, and Institutional), Distrib

Luxury Vinyl Tile Floor Covering Market Size, Share, By Product (Rigid Core LVT, Self-Adhesive LVT, Waterproof LVT, and Others), Thickness (Thin LVT, Medium LVT, and Thick LVT), Application (Residential, Commercial, Industrial, and Institutional), Distribution Channel (Online and Offline), and Region - Trends, Analysis, and Forecast till 2035

Luxury vinyl tile which is also known as LVT floor covering which is a premium form of vinyl flooring designed to offer the look and feel of natural materials, such as hardwood, stone, or ceramic, without the drawbacks associated with those materials. Focused market refers to the industry that produces and sells high-end vinyl flooring products designed to mimic the appearance of natural materials, such as wood, stone, and ceramic with enhanced durability and ease of maintenance.

Luxury Vinyl Tile Floor Covering Market Report Highlights:

• By 2035, the luxury vinyl tile floor covering market size is expected to increase at a rate of USD 86.8 Billion.
• In 2024, the market for luxury vinyl tile floor covering was estimated to be worth USD 35.6 Billion, and is experiencing a CAGR of 10.3%.
• Asia Pacific held the largest share of the market in 2024.
• By product, rigid core LVT to account for the largest share of the luxury vinyl tile floor covering market.
• On the basis of thickness, the market is dominated by the medium LVT segment.
• The residential application segment is leading the market growth.
• By distribution channel, them offline segment is expected to be the dominating segment in the market during the projected period.

Key Benefits of Purchasing This Report

Gain valuable insights into revenue projections for the overall market and its sub-segments, benefiting industry leaders and new entrants.

Enhance your understanding of the competitive landscape to refine business positioning and optimize go-to-market strategies.

Stay informed on the latest trends in the Luxury Vinyl Tile Floor Covering Market, including key drivers, challenges, opportunities, and barriers.

Luxury Vinyl Tile Floor Covering Market Key Highlights:

In December 2024, Antica Ceramica, a leader in innovative tile design, has recently launched a new marble-look tile collection that combines the elegance of natural marble with the durability and ease of maintenance of porcelain tiles. This collection is set to transform spaces in residential, commercial, and hospitality settings, offering architects, interior designers, and homeowners the ideal solution for creating sophisticated, timeless interiors with minimal upkeep.

In July 2024, Interface, a global leader in flooring solutions and sustainability, held the Middle East launch of its latest Etched & Threaded carpet tiles and Earthen Forms luxury vinyl tiles (LVT) collections with an exclusive multimedia event in Dubai. Hosted at the innovative venue Lifesize Plans Dubai, in media partnership with Design Middle East magazine and Intelier, the event provided an immersive experience for several interior design studios in the region, showcasing Interface’s latest offerings in a truly interactive and engaging setting.

Luxury Vinyl Tile Floor Covering Market Report Analysis:

Classy Carpet and LVT Combination Installed Adhesive-free with MagTabs:

For instance, according to a research article by IOBAC, in April 2022, One of the key advantages of specifying MagTabs adhesive-free installation is that it is a universal fixing system, meaning adhesive-free flooring designs do not have to be limited to just one particular brand or flooring type. Different flooring types such as carpet tiles and LVT from different manufacturers can be seamlessly combined in the same space, giving unlimited and proven design choice.

A great example is this commercial office fit-out project at KB Kookmin Bank’s London office. A classy combination of Grezzo and Essence carpet tiles from Desso partnered with Allura Flex Luxury Vinyl Tiles from Forbo Flooring Systems was installed on raised metal access flooring superfast, cleanly and easily with our MagTabs.

Segmentation:

By Type:

• Rigid Core LVT
• Self-Adhesive LVT
• Waterproof LVT
• Others

By Thickness:

• Thin LVT
• Medium LVT
• Thick LVT

By Application:

• Residential
• Commercial
• Industrial
• Institutional

By Distribution Channel:

• Online
• E-commerce Platforms
• Manufacturer Websites
• Others
• Offline
• Retail Stores
• Specialty Flooring Outlets
• Wholesalers
• Others

By Region:

• North America
• U.S.
• Canada
• Europe
• Germany
• U.K.
• France
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• Indonesia
• Malaysia
• South Korea
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Argentina
• Rest of Latin America
• Middle East & Africa
• GCC
• Israel
• South Africa
• Rest of Middle East & Africa

Luxury Vinyl Tile Floor Covering Market Competitive Landscape

• Mannington Mills
• Armstrong Flooring
• Forbo Group
• Shaw Industries Group, Inc.
• Mohawk Industries, Inc.
• Karndean Designflooring
• Metroflor Corporation
• Tarkett
• Gerflor Group
• Responsive Industries Ltd.
• Interface, Inc.
• LX Hausys
• Burke Flooring
• Cryntel
• Welspun Flooring

Key Questions Answered in This Report

1. What was the size of the Luxury Vinyl Tile Floor Covering Market in 2024?

2. What is the expected growth rate of the Luxury Vinyl Tile Floor Covering Market during 2025-2035?

3. What are the key factors driving the Luxury Vinyl Tile Floor Covering Market?

4. What is the breakup of the Luxury Vinyl Tile Floor Covering Market based on the distribution channel?

5. What are the key regions in the Luxury Vinyl Tile Floor Covering Market?

6. Who are the key players/companies in the Luxury Vinyl Tile Floor Covering Market?

7. What are the drivers, restraints, and opportunities in the Luxury Vinyl Tile Floor Covering Market?