Quick Summary:
In the ever-evolving construction and interior design industries, understanding the dynamics of product markets is a fundamental prerequisite for business success. As such, acquiring our comprehensive market research report on the burgeoning Global Luxury Vinyl Tiles (LVT) Flooring Market is a strategic step for any discerning stakeholder in these sectors. The report provides valuable insights into a market that is estimated at a substantial US $21.7 Billion in 2022 but is expected to triple to an impressive US$76.2 Billion by 2030.
Our report delivers in-depth analysis on all major market segments including 'Flexible' and 'Rigid' sub-sections of the LVT market. It also offers market forecasts for influential regions including the U.S, China, Europe, Japan, and Canada. Moreover, it highlights key competitors such as Armstrong, Beaulieu, CFL Flooring among others, to help understand the competitive landscape better. Stay ahead in your field, make informed decisions and explore business opportunities with our detailed market research report.
Global Luxury Vinyl Tiles (LVT) Flooring Market to Reach $76.2 Billion by 2030
The global market for Luxury Vinyl Tiles (LVT) Flooring estimated at US$21.7 Billion in the year 2022, is projected to reach a revised size of US$76.2 Billion by 2030, growing at a CAGR of 17% over the analysis period 2022-2030. Flexible, one of the segments analyzed in the report, is projected to record 17.4% CAGR and reach US$47.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Rigid segment is readjusted to a revised 16.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.9 Billion, While China is Forecast to Grow at 21.9% CAGR
The Luxury Vinyl Tiles (LVT) Flooring market in the U.S. is estimated at US$5.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$17.8 Billion by the year 2030 trailing a CAGR of 21.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.1% and 14.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13.5% CAGR.Select Competitors (Total 42 Featured) -
- Armstrong
- Beaulieu
- CFL Flooring
- Congoleum
- Forbo
- Gerflor
- Interface
- Karndean
- LG Hausys
- Mannington Mills
- Metroflor
- Milliken
- Mohawk Industries
- Novalis
- NOX Corporation
- Polyflor
- Responsive Industries
- Shaw Floors
- Shaw Industries
- Snmo LVT
- Tarkett
- The Dixie Group
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Luxury Vinyl Tiles (LVT) Flooring?
What is the growth rate of the Global Market for Luxury Vinyl Tiles (LVT) Flooring?
What is the forecasted size of the Global Market for Luxury Vinyl Tiles (LVT) Flooring?
Who are the key companies in the Global Market for Luxury Vinyl Tiles (LVT) Flooring?
| Report Attribute | Details |
|---|---|
| No. of Pages | 93 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 21.7 Billion |
| Forecasted Market Value ( USD | $ 76.2 Billion |
| Compound Annual Growth Rate | 17.0% |
| Regions Covered | Global |
Table of Contents
Companies Mentioned
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 Industries
- Novalis
- NOX Corporation
- Polyflor
- Responsive Industries
- Shaw Floors
- Shaw Industries
- Snmo LVT
- Tarkett
- The Dixie Group
