Luxury Vinyl Tiles (LVT) Flooring Market Size, Share, Analysis Report

Luxury Vinyl Tiles (LVT) Flooring Market Size by Type (Rigid and Flexible), By End-Use Industry (Residential and Non-residential), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The Luxury Vinyl Tiles (LVT) Flooring Market is expected to be around US$ 43.30 Billion by 2028 at a CAGR of 11.5% in the given forecast period.

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MARKET SNAPSHOT

Major Players

Study period:

2023-2028

Base Year:

2022

CAGR:

11

Fastest Growing Market:

APAC

Largest Market:

North America

REPORT DESCRIPTION

The Luxury Vinyl Tiles (LVT) Flooring Market is expected to be around US$ 43.30 Billion by 2028 at a CAGR of 11.5% in the given forecast period.

Rapid urbanization, rising infrastructure development and commercial and residential buildings and projects are other major factors favoring luxury vinyl tile flooring market revenue growth. Rising home and office renovation and remodeling activities are factors also projected to fuel the luxury vinyl tile flooring demand and consumption in both residential and commercial sectors worldwide. In line to this, the rising usage of interior decorators and designers and growing emphasis on aesthetic enhancement and appeal in homes, resorts, cafes, restaurants, hospitals and clinics, and commercial settings and interiors will likely to support luxury vinyl tile flooring market growth during the forecast period. Apart from this, with the better standard of living, the consumers are inclined towards the better interior decoration, majorly for flooring; augments the market of luxury vinyl tile flooring market growth.

The global Luxury Vinyl Tiles (LVT) Flooring market is segregated on the basis of Type as Rigid and Flexible. Based on End-Use Industry the global Luxury Vinyl Tiles (LVT) Flooring market is segmented in Residential and Non-residential.

The global Luxury Vinyl Tiles (LVT) Flooring market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Luxury Vinyl Tiles (LVT) Flooring market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Armstrong, Beaulieu, CFL Flooring, Congoleum, Forbo, Gerflor, Interface, Karndean, LG Hausys, Mannington Mills, Metroflor, Milliken, Shaw Industries, Inc., Mohawk Industries, Novalis, and others are among the major players in the global Luxury Vinyl Tiles (LVT) Flooring market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

The Luxury Vinyl Tiles (LVT) Flooring Market has been segmented as below:

Luxury Vinyl Tiles (LVT) Flooring Market, By Type

  • Rigid
  • Flexible

Luxury Vinyl Tiles (LVT) Flooring Market, By End-Use Industry

  • Residential
  • Non-residential

Luxury Vinyl Tiles (LVT) Flooring Market, By Region

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

Luxury Vinyl Tiles (LVT) Flooring Market, By Company

  • Armstrong
  • Beaulieu
  • CFL Flooring
  • Congoleum
  • Forbo
  • Gerflor
  • Interface
  • Karndean
  • LG Hausys
  • Mannington Mills
  • Metroflor
  • Milliken
  • Shaw Industries, Inc.
  • Mohawk Industries
  • Novalis

The report covers:

  • Global Luxury Vinyl Tiles (LVT) Flooring market sizes from 2021 to 2028, along with CAGR for 2023-2028
  • Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
  • Global Luxury Vinyl Tiles (LVT) Flooring market trends, covering comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Luxury Vinyl Tiles (LVT) Flooring market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
  • Comprehensive company profiles of the key industry players

Report Scope:

The global Luxury Vinyl Tiles (LVT) Flooring market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Luxury Vinyl Tiles (LVT) Flooring market share. Major industry players with significant revenue share include Armstrong, Beaulieu, CFL Flooring, Congoleum, Forbo, Gerflor, Interface, Karndean, LG Hausys, Mannington Mills, Metroflor, Milliken, Shaw Industries, Inc., Mohawk Industries, Novalis, and others.

Reasons to Buy this Report:

  • Gain detailed insights on the Luxury Vinyl Tiles (LVT) Flooring industry trends
  • Find complete analysis on the market status
  • Identify the Luxury Vinyl Tiles (LVT) Flooring market opportunities and growth segments
  • Analyse competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

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1.    Introduction
1.1.    Key Points
1.2.    Report Description
1.3.    Markets Covered
1.4.    Stakeholders

2.    Research Methodology

2.1.    Research Scope
2.2.    Market Research Process
2.3.    Research Data Analysis
2.3.1.1.    Secondary Research
2.3.1.2.    Primary Research
2.3.1.3.    Models for Estimation
2.4.    Market Size Estimation
2.4.1.    Bottom-Up Approach- Segmental Market Analysis
2.4.2.    Top-Down Approach- Parent Market Analysis

3.    Executive Summary

4.    Market Overview

4.1.    Introduction
4.1.1.    Drivers
4.1.2.    Restraints
4.1.3.    Opportunities
4.1.4.    Challenges
4.2.    Porter’s Five Force Analysis

5.    Luxury Vinyl Tiles (LVT) Flooring Market, By Type

5.1.    Introduction
5.2.    Rigid
5.2.1.    Market Overview
5.2.2.    Market Size and Forecast
5.3.    Flexible
5.3.1.    Market Overview
5.3.2.    Market Size and Forecast

6.    Luxury Vinyl Tiles (LVT) Flooring Market, By End-Use Industry

6.1.    Introduction
6.2.    Residential
6.2.1.    Market Overview
6.2.2.    Market Size and Forecast
6.3.    Non-residential
6.3.1.    Market Overview
6.3.2.    Market Size and Forecast

7.    Luxury Vinyl Tiles (LVT) Flooring Market, By Geography

7.1.    Introduction
7.2.    North America
7.2.1.    North America Luxury Vinyl Tiles (LVT) Flooring, By Type
7.2.2.    North America Luxury Vinyl Tiles (LVT) Flooring, By End-Use Industry
7.3.    Europe
7.3.1.    Europe Luxury Vinyl Tiles (LVT) Flooring, By Type
7.3.2.    Europe Luxury Vinyl Tiles (LVT) Flooring, By End-Use Industry
7.4.    Asia-Pacific
7.4.1.    Asia-Pacific Luxury Vinyl Tiles (LVT) Flooring, By Type
7.4.2.    Asia-Pacific Luxury Vinyl Tiles (LVT) Flooring, By End-Use Industry
7.5.    Rest of the World
7.5.1.    Rest of the World Luxury Vinyl Tiles (LVT) Flooring, By Type
7.5.2.    Rest of the World Luxury Vinyl Tiles (LVT) Flooring, By End-Use Industry

8.    Competitive Insights

8.1.    Key Insights
8.2.    Company Market Share Analysis
8.3.    Strategic Outlook
8.3.1.    Mergers & Acquisitions
8.3.2.    New Product Developments
8.3.3.    Portfolio/Production Capacity Expansions
8.3.4.    Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5.    Others

9.    Company Profiles

9.1.    Armstrong
9.1.1.    Company Overview
9.1.2.    Product/Service Landscape
9.1.3.    Financial Overview
9.1.4.    Recent Developments
9.2.    Beaulieu
9.2.1.    Company Overview
9.2.2.    Product/Service Landscape
9.2.3.    Financial Overview
9.2.4.    Recent Developments
9.3.    CFL Flooring
9.3.1.    Company Overview
9.3.2.    Product/Service Landscape
9.3.3.    Financial Overview
9.3.4.    Recent Developments
9.4.    Congoleum
9.4.1.    Company Overview
9.4.2.    Product/Service Landscape
9.4.3.    Financial Overview
9.4.4.    Recent Developments
9.5.    Forbo
9.5.1.    Company Overview
9.5.2.    Product/Service Landscape
9.5.3.    Financial Overview
9.5.4.    Recent Developments
9.6.    Gerflor
9.6.1.    Company Overview
9.6.2.    Product/Service Landscape
9.6.3.    Financial Overview
9.6.4.    Recent Developments
9.7.    Interface
9.7.1.    Company Overview
9.7.2.    Product/Service Landscape
9.7.3.    Financial Overview
9.7.4.    Recent Developments
9.8.    Karndean
9.8.1.    Company Overview
9.8.2.    Product/Service Landscape
9.8.3.    Financial Overview
9.8.4.    Recent Developments
9.9.    LG Hausys
9.9.1.    Company Overview
9.9.2.    Product/Service Landscape
9.9.3.    Financial Overview
9.9.4.    Recent Developments
9.10.    Mannington Mills
9.10.1.    Company Overview
9.10.2.    Product/Service Landscape
9.10.3.    Financial Overview
9.10.4.    Recent Developments
9.11.    Metroflor
9.11.1.    Company Overview
9.11.2.    Product/Service Landscape
9.11.3.    Financial Overview
9.11.4.    Recent Developments
9.12.    Milliken
9.12.1.    Company Overview
9.12.2.    Product/Service Landscape
9.12.3.    Financial Overview
9.12.4.    Recent Developments
9.13.    Shaw Industries, Inc.
9.13.1.    Company Overview
9.13.2.    Product/Service Landscape
9.13.3.    Financial Overview
9.13.4.    Recent Developments
9.14.    Mohawk Industries
9.14.1.    Company Overview
9.14.2.    Product/Service Landscape
9.14.3.    Financial Overview
9.14.4.    Recent Developments
9.15.    Novalis
9.15.1.    Company Overview
9.15.2.    Product/Service Landscape
9.15.3.    Financial Overview
9.15.4.    Recent Developments

The Luxury Vinyl Tiles (LVT) Flooring Market has been segmented as below:

Luxury Vinyl Tiles (LVT) Flooring Market, By Type

  • Rigid
  • Flexible

Luxury Vinyl Tiles (LVT) Flooring Market, By End-Use Industry

  • Residential
  • Non-residential

Luxury Vinyl Tiles (LVT) Flooring Market, By Region

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

Luxury Vinyl Tiles (LVT) Flooring Market, By Company

  • Armstrong
  • Beaulieu
  • CFL Flooring
  • Congoleum
  • Forbo
  • Gerflor
  • Interface
  • Karndean
  • LG Hausys
  • Mannington Mills
  • Metroflor
  • Milliken
  • Shaw Industries, Inc.
  • Mohawk Industries
  • Novalis

Got a question? We've got answers. If you have some other questions, see our support center.

The market is expected to grow at a CAGR of 11.5% during the study period (2023-2028)
The Luxury Vinyl Tiles (LVT) Flooring Market is expected to be around US$ 43.30 Billion by 2028
The segment included in Luxury Vinyl Tiles (LVT) Flooring Market is Type, End-Use Industry and region.
Some key players operating in the Luxury Vinyl Tiles (LVT) Flooring Market include Armstrong, Beaulieu, CFL Flooring, Congoleum, Forbo, Gerflor, Interface, Karndean, LG Hausys, Mannington Mills, Metroflor, Milliken, Shaw Industries, Inc
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