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Luxury Vinyl Tiles (LVT) Flooring - Global Market Trajectory & Analytics

  • ID: 5302603
  • Report
  • April 2021
  • Region: Global
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Armstrong
  • Congoleum
  • Interface
  • Mannington Mills
  • Mohawk
  • NOX Corporation
Global Luxury Vinyl Tiles (LVT) Flooring Market to Reach $38.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Luxury Vinyl Tiles (LVT) Flooring estimated at US$19.6 Billion in the year 2020, is projected to reach a revised size of US$38.9 Billion by 2027, growing at a CAGR of 10.3% over the period 2020-2027. Flexible, one of the segments analyzed in the report, is projected to record 10.6% CAGR and reach US$23.9 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Rigid segment is readjusted to a revised 9.9% CAGR for the next 7-year period.





The U.S. Market is Estimated at $5.3 Billion, While China is Forecast to Grow at 13.6% CAGR

The Luxury Vinyl Tiles (LVT) Flooring market in the U.S. is estimated at US$5.3 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.3 Billion by the year 2027 trailing a CAGR of 13.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.1% and 8.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.1% CAGR.

Select Competitors (Total 42 Featured):
  • Armstrong
  • Beaulieu
  • CFL Flooring
  • Congoleum
  • Forbo
  • Gerflor
  • Interface
  • Karndean
  • LG Hausys
  • Mannington Mills
  • Metroflor
  • Milliken
  • Mohawk
  • Mohawk Industries
  • Novalis
  • NOX Corporation
  • Polyflor
  • Responsive Industries
  • Shaw Floors
  • Shaw Industries
  • Snmo LVT
  • Tarkett
  • The Dixie Group
Frequently Asked Questions about the Global Market for Luxury Vinyl Tiles (LVT) Flooring

What is the estimated value of the Global Market for Luxury Vinyl Tiles (LVT) Flooring?

The Global Market for Luxury Vinyl Tiles (LVT) Flooring was estimated to be valued at $19.6 Billion in 2020.

What is the growth rate of the Global Market for Luxury Vinyl Tiles (LVT) Flooring?

The growth rate of the Global Market for Luxury Vinyl Tiles (LVT) Flooring is 10.3%, with an estimated value of $38.9 Billion by 2027.

What is the forecasted size of the Global Market for Luxury Vinyl Tiles (LVT) Flooring?

The Global Market for Luxury Vinyl Tiles (LVT) Flooring is estimated to be worth $38.9 Billion by 2027.

Who are the key companies in the Global Market for Luxury Vinyl Tiles (LVT) Flooring?

Key companies in the Global Market for Luxury Vinyl Tiles (LVT) Flooring include Armstrong, Beaulieu, CFL Flooring, Congoleum, Forbo, Gerflor, Interface, Karndean and Mannington Mills.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Armstrong
  • Congoleum
  • Interface
  • Mannington Mills
  • Mohawk
  • NOX Corporation

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERS4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA

IV. COMPETITION
  • Total Companies Profiled: 42
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Armstrong
  • Beaulieu
  • CFL Flooring
  • Congoleum
  • Forbo
  • Gerflor
  • Interface
  • Karndean
  • LG Hausys
  • Mannington Mills
  • Metroflor
  • Milliken
  • Mohawk
  • Mohawk Industries
  • Novalis
  • NOX Corporation
  • Polyflor
  • Responsive Industries
  • Shaw Floors
  • Shaw Industries
  • Snmo LVT
  • Tarkett
  • The Dixie Group
Note: Product cover images may vary from those shown