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    Luxury Vinyl Tiles (LVT) Flooring Market Size, Share & Forecast

    Luxury Vinyl Tiles (LVT) Flooring Market Size, Share & Forecast
    Report code - SRCE127 Delivery - 2 Weeks
    Luxury Vinyl Tiles (LVT) Flooring Market Size, Share, Trend, Forecast, & Industry Anal See more...
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    Luxury vinyl tiles (LVT) flooring market is likely to witness an excellent CAGR of 11.5% during the forecast period. The high growth of the construction industry across regions is estimated to propel the market growth. Factors such as the mounting residential and non-residential construction, remodeling & maintenance activities, the high durability and enhanced aesthetic appearance of the LVTs are likely to underpin the demand for LVT flooring during the forecast period.

    Luxury Vinyl Tiles (LVT) Flooring Market - Snapshot

    Growth

    11.5% for the next five years

    Major Flooring Type

    Flexible

    Dominant End-use Sector Type

    Non-residential

    Region with the highest demand

    Asia-Pacific

    Key Players

    Mohawk Industries, Tarkett, Forbo, Shaw Industries, Inc.,

    Interface, Armstrong Flooring, and Gerflor.

                                                                                                                                                                                    

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    Luxury Vinyl Tiles (LVT) Flooring Market Share: By Flooring Type

    Based on the flooring type, the market is segmented as rigid and flexible. The flexible segment held the larger share in 2019, and is estimated to be the faster-growing segment of the market during the forecast period. The segment is also likely to remain dominant in the coming years owing to its various properties, such as cost effectiveness, improved aesthetic appearance, and durability.

    Luxury Vinyl Tiles (LVT) Flooring Market Share: By End-Use Sector Type

    Based on the end-use sector type, the luxury vinyl tiles (LVT) flooring market is segmented as residential and non-residential. The non-residential segment leads the market owing to rising construction & renovation of offices, supermarkets, hypermarkets, hospitals, and institutions seeking for low maintenance and aesthetically sound tiles, which is leading the market growth of luxury vinyl tiles flooring globally.

    Luxury Vinyl Tiles (LVT) Flooring Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest growing luxury vinyl tiles (LVT) flooring market during the forecast period, owing to huge investment and large number of construction activities in the infrastructural sector and presence of a large number of manufactures in the region.

    Some of the major luxury vinyl tiles (LVT) flooring manufacturers are Mohawk Industries, Tarkett, Forbo, Shaw Industries, Inc., Interface, Armstrong Flooring, and Gerflor.

     

    Market Scope & Segmentation

    Luxury vinyl tiles (LVT) flooring is a product that looks like real wood and stone flooring, but provides many more benefits such as flexibility to create its own design, sustain the wear and tear of daily life, waterproof and requires very less maintenance.

    Luxury vinyl tiles (LVT) flooring is done in different places such residential houses, offices, supermarkets, hypermarkets, hospitals, and institutions to give aesthetic appearance to the application.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Luxury Vinyl Tiles (LVT) Flooring Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    16

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The luxury vinyl tiles (LVT) flooring market is segmented into the following categories. 

    Luxury Vinyl Tiles (LVT) Flooring Market Size, Share, & Forecast, by Flooring Type:

    • Rigid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Flexible (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Luxury Vinyl Tiles (LVT) Flooring Market Size, Share, & Forecast, by End-Use Sector Type:

    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Non-residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Luxury Vinyl Tiles (LVT) Flooring Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, Australia and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the flooring types by end-use sector type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    General Frequently Asked Questions (FAQs)

    What is Luxury Vinyl Tiles Flooring?

    Luxury vinyl tiles (LVT) flooring is a product that looks like real wood and stone flooring, but provides many more benefits such as flexibility to create its own design, sustain the wear and tear of daily life, waterproof and requires very less maintenance. Luxury vinyl tiles (LVT) flooring is done in different places such as residential houses, offices, supermarkets, hypermarkets, hospitals, and institutions to give an aesthetic appearance to the application.

    What will be the CAGR of the Luxury Vinyl Tiles Flooring?

    Luxury vinyl tiles (LVT) flooring market is likely to witness an excellent CAGR of 11.5% during the forecast period. The high growth of the construction industry across regions is estimated to propel the market growth. Factors such as the mounting residential and non-residential construction, remodeling & maintenance activities, the high durability and enhanced aesthetic appearance of the LVTs are likely to underpin the demand for LVT flooring during the forecast period.

    Which country/region is expected to remain the largest Luxury Vinyl Tiles Flooring?

    In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing luxury vinyl tiles (LVT) flooring market during the forecast period, owing to huge investment and a large number of construction activities in the infrastructural sector and presence of a large number of manufacturers in the region.

    Who are the key players in the Luxury Vinyl Tiles Flooring?

    Some of the major luxury vinyl tiles (LVT) flooring manufacturers are Mohawk Industries, Tarkett, Forbo, Shaw Industries, Inc., Interface, Armstrong Flooring, and Gerflor.

    •