For gorgeous, elevated luxury in the home, the sophistication and timelessness of hardwood flooring is often a first choice among homeowners. In addition to lasting for decades with proper care, homes with wood flooring retain their value better, sell more quickly, and tend to sell for more. But wood flooring has drawbacks. That’s why luxury vinyl flooring is becoming increasingly popular with homeowners.
Note: The data of the manufacturer in this report is based on the data of the terminal brand. At present, a large number of LVT factories are located in China and South Korea. A large number of factories in this region export LVT to the world, but most of them are sold through the trademarks of other companies. Leading players such as Tarkett, Armstrong, Mohawk and Mannington Mills have products made by Chinese players. Therefore, for statistical purposes, the data in this report is based on the final sales brand or the player’s own brand.
According to our (Global Info Research) latest study, the global Luxury Vinyl Flooring (LVT) market size was valued at USD 10340 million in 2022 and is forecast to a readjusted size of USD 19970 million by 2029 with a CAGR of 9.9% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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The major players in global Luxury Vinyl Flooring (LVT) market include Tarkett, Armstrong, Mohawk, etc. The top 3 players occupy over 10% shares of the global market. North America and Europe are main markets, they occupy over 80% of the global market. Dry-Back LVT is the main type, with a share about 40%. Residential Use is the main application, which holds a share about 75%.
This report is a detailed and comprehensive analysis for global Luxury Vinyl Flooring (LVT) market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Market segment by Type
Dry-Back LVT
Loose-Lay LVT
SPC
WPC
Market segment by Application
Commercial Use
Residential Use
Major players covered
Tarkett
Armstrong
Mohawk
Mannington Mills
Congoleum
Gerflor
Metroflor
Forbo
Shaw Floors
NOX Corporation
Karndean
LG Hausys
Beaulieu
Novalis
Milliken
Polyflor
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Luxury Vinyl Flooring (LVT)
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Luxury Vinyl Flooring (LVT) market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Luxury Vinyl Flooring (LVT) market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Luxury Vinyl Flooring (LVT) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Luxury Vinyl Flooring (LVT), with price, sales, revenue and global market share of Luxury Vinyl Flooring (LVT) from 2018 to 2023.
Chapter 3, the Luxury Vinyl Flooring (LVT) competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Luxury Vinyl Flooring (LVT) breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Luxury Vinyl Flooring (LVT) market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Luxury Vinyl Flooring (LVT).
Chapter 14 and 15, to describe Luxury Vinyl Flooring (LVT) sales channel, distributors, customers, research findings and conclusion.
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