Luxury Vinyl Tiles (LVT) Flooring Market

Luxury Vinyl Tiles (LVT) Flooring Market by Type (Rigid, Flexible), End-Use Sector (Residential, Non-residential), and Region (North America, Asia Pacific, Europe, Middle East & Africa, and South America) - Global Forecast to 2024

Report Code: BC 7272 Aug, 2019, by marketsandmarkets.com

[146 Pages Report] The luxury vinyl tiles (LVT) flooring market is projected to grow from USD 18.0 billion in 2019 to USD 31.4 billion by 2024, recording a CAGR of 11.7% from 2019 to 2024. The high growth of the construction industry across regions is projected to drive the market growth. Factors such as the increasing residential and non-residential construction, remodeling & maintenance activities, the high durability and enhanced aesthetic appearance of the LVTs are projected to drive the demand for LVT flooring.

Luxury Vinyl Tiles (LVT) Flooring Market

In terms of value and volume, the flexible segment is projected to dominate the LVT flooring market from 2019 to 2024.

The flexible segment is projected to record a faster growth, on the basis of type, in the LVT flooring market during the forecast period. It is a traditional glue-down flooring material and has several properties such as durability, flexibility, ease of installation, and is budget-friendly, which is projected to drive the growth of this segment. The flexible segment is considered suitable for almost all applications such as residential and commercial.

In terms of value and volume, the non-residential segment in the luxury vinyl tiles (LVT) flooring market is projected to grow at the higher CAGR during the forecast period.

The non-residential segment is projected to record a faster growth in the LVT flooring market. As applications of LVT flooring in non-residential applications add to the aesthetic value of the interior space, the growth of the non-residential segment is projected to remain high. It is increasingly preferred in emergency and operating rooms, as these materials have a coating that resists chemical staining from medical products and bodily fluids.

Luxury Vinyl Tiles (LVT) Flooring Market

In terms of both value as well as volume, the Asia Pacific region is estimated to account for the highest share in the luxury vinyl tiles (LVT) flooring market during the forecast period

The Asia Pacific region witnessed an increasing number of remodeling and maintenance activities in the residential and non-residential construction sectors and held the larger market share in 2019. In addition, the LVT flooring market in this region is projected to grow at the highest CAGR during the forecast period, in terms of both values as well as volume. The growing number of new housing units and increasing investments in the infrastructural sector are factors driving the demand for LVT flooring in this region.

Key Market Players

Key players such as Mohawk Industries (US), Tarkett (France), Forbo (Switzerland), Shaw Industries, Inc. (US), and Interface (US) adopted strategies that strengthen their product portfolios, expands their market presence, and enhances their growth prospects in the LVT flooring market.

Mohawk’s (US) wide product portfolio and strategic mix of investments and acquisitions have helped the company establish a leading position in the LVT flooring market. The company has a strong brand presence in the market, and its vertically integrated manufacturing, as well as distribution processes, offer competitive advantages, in terms of production of vinyl flooring. Through its network of manufacturing facilities, sales distribution network across the globe, and leadership in every flooring product category, the company is recognized as a key flooring manufacturer globally.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Value (USD) and Volume (Million Square Feet)

Segments covered

Type, End-use Sector, and Region

Geographies covered

North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa

Companies covered

Mohawk Industries (US), Tarkett (France), Forbo (Switzerland), Shaw Industries, Inc. (US), Interface (US), Armstrong Flooring (US), Gerflor (France), The Dixie Group (US), Responsive Industries Ltd. (India), and Mannington Mills, Inc. (US).

This research report categorizes the LVT flooring market based on type, end-use sector, and region.

On the basis of type, the luxury vinyl tiles (LVT) flooring market has been categorized as follows:

  • Rigid
  • Flexible

On the basis of end-use industry the luxury vinyl tiles (LVT) flooring market has been categorized as follows:

  • Residential
  • Non-residential

On the basis of region, the luxury vinyl tiles (LVT) flooring market has been categorized as follows:

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In January 2019, Genflor launched Creation 30 and Creation 55, a new collection of LVT–Luxury Vinyl Tiles & Planks. The company offers a range of LVTs with more than 35 new colors and designs. It also consists of 10 formats of tiles & planks.
  • In July 2018, Mohawk Industries acquired Godfrey Hirst Group (Australia), a flooring company in New Zealand and Australia, to expand its global operations. The manufacturing, marketing, and distribution leadership of Godfrey Hirst’s will complement Mohawk’s current hard surface distribution channel and strengthen its product portfolio.
  • In June 2018, Interface introduced new global luxury vinyl tile (LVT), Drawn Lines. It offers a distinct pattern that incorporates biophilic elements into the floor design. Drawn Lines are available in ten different colors, namely, Smokey Quartz, Opal, Diamond, Bronze, Amber, Silver, Onyx, Aquamarine, Topaz, and Citrine.

Key Questions Addressed by the Report:

  • What are the global trends witnessed in the LVT flooring market? Would the market witness a rise or decline in the demand in the coming years?
  • What is the estimated demand for different materials of LVT flooring products?
  • Where will the strategic developments take the industry in the mid to long-term?
  • What are the upcoming industry applications and trends for LVT flooring solutions?
  • Who are the major players in the LVT flooring market globally?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Regional Scope
           1.3.2 Periodization Considered
    1.4 Currency Considered
    1.5 Units Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 28)
    3.1 Introduction
    3.2 Luxury Vinyl Tiles (LVT) Flooring Market Scenario

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in the Luxury Vinyl Tiles (LVT) Flooring Market
    4.2 Asia Pacific: Luxury Vinyl Tiles (LVT) Flooring Market, By Type and Country
    4.3 Luxury Vinyl Tiles (LVT) Flooring Market, By Type
    4.4 Luxury Vinyl Tiles (LVT) Flooring Market, By End-Use Sector
    4.5 Luxury Vinyl Tiles (LVT) Flooring Market, By Country

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Population & Rapid Urbanization
                    5.2.1.2 Rise in the Number of Renovation & Remodeling Activities
                    5.2.1.3 Growing Interest of Consumers Toward Interior Decoration
           5.2.2 Restraints
                    5.2.2.1 Volatile Raw Material Prices
                    5.2.2.2 Rise in Environmental Concerns
           5.2.3 Opportunities
                    5.2.3.1 Rising Demand From Emerging Economies
                    5.2.3.2 Growing Investments in the Construction Industry
           5.2.4 Challenges
                    5.2.4.1 Disposal of Waste

6 Luxury Vinyl Tiles (LVT) Flooring Market, By Type (Page No. - 38)
    6.1 Introduction
           6.1.1 Luxury Vinyl Tiles (LVT) Flooring Market, By Type
                    6.1.1.1 The Rigid Segment is Projected to Be the Fastest-Growing Segment in the LVT Flooring Market
    6.2 Rigid
    6.3 Flexible

7 Luxury Vinyl Tiles (LVT) Flooring Market, By End-Use Sector (Page No. - 41)
    7.1 Introduction
    7.2 Residential
    7.3 Non-Residential

8 Luxury Vinyl Tile (LVT) Flooring Market, By Region (Page No. - 44)
    8.1 Introduction
           8.1.1 Luxury Vinyl Tile (LVT) Flooring Market Size, By Region
    8.2 Asia Pacific
           8.2.1 China
                    8.2.1.1 The Chinese Luxury Vinyl Tile (LVT) Flooring Market to Grow at the Second-Highest Rate By 2024
           8.2.2 Japan
                    8.2.2.1 The Non-Residential Segment is Projected to Grow at A HigherRate By 2024
           8.2.3 India
                    8.2.3.1 India is Projected to Witness the Highest Growth in the Asia Pacific Market
           8.2.4 Australia
                    8.2.4.1 Non-Residential Sector in Australia to Drive the Luxury Vinyl Tile (LVT) Flooring Market
           8.2.5 South Korea
                    8.2.5.1 Flexible Luxury Vinyl Tiles to Be Consumed More in the Vietnamese Market
           8.2.6 Rest of Asia Pacific
                    8.2.6.1 Demand for New Construction Projects to Drive the Luxury Vinyl Tile (LVT) Flooring Market in Rest of Asia Pacific
    8.3 North America
           8.3.1 US
                    8.3.1.1 The Residential Segment to Witness Higher Consumption in the US By 2024
           8.3.2 Canada
                    8.3.2.1 The Rigid Segment to Grow at A Higher Cagr, in Terms of Both Volume and Value, in Canada
           8.3.3 Mexico
                    8.3.3.1 The Non-Residential Sector to Witness High Growth, in Terms of Volume, in Mexico By 2024
    8.4 Europe
           8.4.1 Germany
                    8.4.1.1 The Rigid Segment is Projected to Record A Higher Growth in Germany
           8.4.2 UK
                    8.4.2.1 The Residential Segment in the UK is Projected to Witness A Higher Demand for LVT Flooring Solutions By 2024
           8.4.3 France
                    8.4.3.1 The Rigid Segment is Projected to Grow at A Higher Rate in France
           8.4.4 Italy
                    8.4.4.1 The Non-Residential Segment is Projected to Witness Higher Growth During the Forecast Period
           8.4.5 Russia
                    8.4.5.1 The Residential Segment Accounted for the Largest Share in the Russian Market in 2018
           8.4.6 Spain
                    8.4.6.1 The Flexible Segment Accounted for the Largest Share in Spain in 2018
           8.4.7 Rest of Europe
                    8.4.7.1 The Rigid Segment is Projected to Record A Higher Growth in the Rest of Europe Market By 2024
    8.5 Middle East & Africa
           8.5.1 UAE
                    8.5.1.1 The Flexible Segment is Projected to Be the Fastest-Growing Luxury Vinyl Tile (LVT) Type in the UAE, in Terms of Value
           8.5.2 Saudi Arabia
                    8.5.2.1 Saudi Arabia to Be the Second-Fastest-Growing Market in the Middle East & Africa, in Terms of Value
           8.5.3 South Africa
                    8.5.3.1 Residential Segment to Lead the South African Luxury Vinyl Tiles (LVT) Flooring Market, in Terms of Value
           8.5.4 Turkey
                    8.5.4.1 Turkey to Be the Second-Largest Market for Luxury Vinyl Tiles (LVT)In the Middle East & Africa
           8.5.5 Rest of Middle East & Africa
                    8.5.5.1 Rest of Middle East & Africa Projected to Have A High Potential for Growth in the Luxury Vinyl Tiles (LVT) Flooring Market
    8.6 South America
           8.6.1 Brazil
                    8.6.1.1 Brazil to Account for the Largest Share in the South American Luxury Vinyl Tile (LVT) Flooring Market
           8.6.2 Argentina
                    8.6.2.1 Increase in Investment in Constructions is Projected to Drive the Luxury Vinyl Tile (LVT) Flooring Market in Argentina
           8.6.3 Rest of South America
                    8.6.3.1 Flexible Luxury Vinyl Tiles are Projected to Remain the Larger Consumed Segment LVT Flooring Market in Rest of South America

9 Competitive Landscape (Page No. - 97)
    9.1 Overview
    9.2 Competitive Scenario
           9.2.1 Acquisitions
           9.2.2 Expansions & Investments
           9.2.3 Partnerships
           9.2.4 New Product Launches
    9.3 Microquadrant for Luxury Vinyl Tiles (LVT) Flooring Manufacturers
    9.4 Luxury Vinyl Tiles (LVT) Flooring Market: Competitive Leadership Mapping, 2018
           9.4.1 Strength of Product Portfolio
           9.4.2 Business Strategy Excellence

10 Company Profiles (Page No. - 106)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)* 
     10.1 Mohawk Industries
     10.2 Tarkett
     10.3 Shaw Industries Group, Inc.
     10.4 LG Hausys
     10.5 Forbo
     10.6 Interface
     10.7 Gerflor
     10.8 Armstrong Flooring
     10.9 Mannington Mills, Inc.
     10.10 The Dixie Group, Inc.
     10.11 Other Players
             10.11.1 James Halstead Plc
             10.11.2 Responsive Industries Ltd.
             10.11.3 American Biltrite
             10.11.4 Milliken & Company
             10.11.5 Raskin Industries Llc
             10.11.6 Wellmade Performance Floors
             10.11.7 Vinylasa
             10.11.8 Congoleum
             10.11.9 Adore Floors, Inc.
             10.11.10 Earthwerks
             10.11.11 Parador
             10.11.12 Floorfolio Industries
             10.11.13 Daejin Co., Ltd
             10.11.14 Zhejiang Hailide New Material Co., Ltd
             10.11.15 Jiangsu Taide Decoration Materials Co., Ltd
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies. 

11 Appendix (Page No. - 140)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets Subscription Portal
     11.3 Available Customizations
     11.4 Related Reports
     11.5 Author Details


List of Tables (137 Tables)

Table 1 USD Conversion Rates, 2016–2018
Table 2 Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 3 Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 4 Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 5 Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 6 Luxury Vinyl Tile (LVT) Flooring Market Size, By Region, 2017–2024 (USD Million)
Table 7 Luxury Vinyl Tile (LVT) Flooring Market Size, By Region, 2017–2024 (Million Square Feet)
Table 8 Asia Pacific: Luxury Vinyl Tile (LVT) Flooring Market Size, By Country, 2017–2024 (USD Million)
Table 9 Asia Pacific: Luxury Vinyl Tile (LVT) Flooring Market Size, By Country, 2017–2024 (Million Square Feet)
Table 10 Asia Pacific: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 11 Asia Pacific: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type,2017–2024 (Million Square Feet)
Table 12 Asia Pacific: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 13 Asia Pacific: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 14 China: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 15 China: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 16 China: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 17 China: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 18 Japan: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 19 Japan: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 20 Japan: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 21 Japan: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 22 India: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 23 India: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 24 India: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 25 India: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 26 Australia: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 27 Australia: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 28 Australia: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 29 Australia: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 30 South Korea: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 31 South Korea: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 32 South Korea: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 33 South Korea: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 34 Rest of Asia Pacific: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 35 Rest of Asia Pacific: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 36 Rest of Asia Pacific: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 37 Rest of Asia Pacific: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 38 North America: Luxury Vinyl Tile (LVT) Flooring Market Size, By Country, 2017–2024 (USD Million)
Table 39 North America: Luxury Vinyl Tile (LVT) Flooring Market Size, By Country, 2017–2024 (Million Square Feet)
Table 40 North America: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 41 North America: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 42 North America: Luxury Vinyl Tile (LVT) Flooring Market Size, End-Use Sector, 2017–2024 (USD Million)
Table 43 North America: Luxury Vinyl Tile (LVT) Flooring Market Size, End-Use Sector, 2017–2024 (Million Square Feet)
Table 44 US: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 45 US: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 46 US: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 47 US: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-USe Sector, 2017–2024 (Million Square Feet)
Table 48 Canada: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 49 Canada: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 50 Canada: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 51 Canada: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 52 Mexico: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 53 Mexico: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 54 Mexico: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 55 Mexico: Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 56 Europe: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Country, 2017–2024 (USD Million)
Table 57 Europe: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Country, 2017–2024 (Million Square Feet)
Table 58 Europe: Luxury Vinyl Tiles (LVT) Flooring Type Market Size, By Type, 2017–2024 (USD Million)
Table 59 Europe: Luxury Vinyl Tiles (LVT) Flooring Type Market Size, By Type, 2017–2024 (Million Square Feet)
Table 60 Europe: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 61 Europe: Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 62 Germany: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 63 Germany: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 64 Germany: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 65 Germany: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 66 UK: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 67 UK: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 68 UK: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 69 UK: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 70 France: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 71 France: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 72 France: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 73 France: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 74 Italy: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 75 Italy: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 76 Italy: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 77 Italy: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 78 Russia: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 79 Russia: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 80 Russia: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 81 Russia: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 82 Spain: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 83 Spain: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 84 Spain: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 85 Spain: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 86 Rest of Europe: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 87 Rest of Europe: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 88 Rest of Europe: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 89 Rest of Europe: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 90 Middle East & Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Country, 2017–2024 (USD Million)
Table 91 Middle East & Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Country, 2017–2024 (Million Square Feet)
Table 92 Middle East & Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 93 Middle East & Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 94 Middle East & Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 95 Middle East & Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 96 UAE: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 97 UAE: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 98 UAE: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 99 UAE: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 100 Saudi Arabia: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 101 Saudi Arabia: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 102 Saudi Arabia: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 103 Saudi Arabia: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 104 South Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 105 South Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 106 South Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 107 South Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 108 Turkey: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 109 Turkey: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 110 Turkey: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 111 Turkey: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 112 Rest of Middle East & Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 113 Rest of Middle East & Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 114 Rest of Middle East & Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 115 Rest of Middle East & Africa: Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 116 South America: Luxury Vinyl Tile (LVT) Flooring Market Size, By Country, 2017–2024 (USD Million)
Table 117 South America: Luxury Vinyl Tile (LVT) Flooring Market Size, By Country, 2017–2024 (Million Square Feet)
Table 118 South America: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 119 South America: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 120 South America: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 121 South America: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 122 Brazil: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 123 Brazil: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 124 Brazil: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 125 Brazil: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 126 Argentina: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 127 Argentina: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 128 Argentina: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 129 Argentina: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 130 Rest of South America: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (USD Million)
Table 131 Rest of South America: Luxury Vinyl Tile (LVT) Flooring Market Size, By Type, 2017–2024 (Million Square Feet)
Table 132 Rest of South America: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (USD Million)
Table 133 Rest of South America: Luxury Vinyl Tile (LVT) Flooring Market Size, By End-Use Sector, 2017–2024 (Million Square Feet)
Table 134 Acquisitions
Table 135 Expansions, Investments, and Divestitures
Table 136 Partnerships
Table 137 New Product Launches


List of Figures (32 Figures)

Figure 1 Luxury Vinyl Tiles (LVT) Flooring Market Segmentation
Figure 2 Luxury Vinyl Tiles (LVT) Flooring Market, By Region
Figure 3 Luxury Vinyl Tiles (LVT) Flooring Market: Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Luxury Vinyl Tiles (LVT) Flooring Market: Data Triangulation
Figure 7 Flexible Segment is Estimated to Lead the Luxury Vinyl Tiles (LVT) Flooring Market During the Forecast Period
Figure 8 Residential Segment is Projected to Lead the Luxury Vinyl Tiles (LVT) Flooring Market During the Forecast Period
Figure 9 Asia Pacific Led the Luxury Vinyl Tiles (LVT) Flooring Market in 2018
Figure 10 Rise in Residential Construction is Projected to Drive the Luxury Vinyl Tiles (LVT) Flooring Market
Figure 11 China Was the Largest Market for Luxury Vinyl Tiles (LVT) in Asia Pacific in 2018
Figure 12 Flexible Segment is Projected to Lead the Luxury Vinyl Tiles (LVT) Flooring Market During the Forecast Period
Figure 13 Non-Residential Segment is Projected to Be the Faster-Growing End-Use Sector in the Luxury Vinyl Tiles (LVT) Flooring Market
Figure 14 The Luxury Vinyl Tiles (LVT) Flooring Market in India is Projected to Grow at the Highest Cagr From 2019 to 2024
Figure 15 Luxury Vinyl Tiles (LVT) Flooring Market Dynamics
Figure 16 Luxury Vinyl Tiles (LVT) Flooring Market Size, By Type, 2019 vs. 2024 (USD Million)
Figure 17 Luxury Vinyl Tiles (LVT) Flooring Market Size, By End-Use Sector, 2019 vs. 2024 (USD Million)
Figure 18 Regional Snapshot: India is Projected to Be the Fastest-Growing Country-Level Market, 2019–2024
Figure 19 Asia Pacific: Luxury Vinyl Tile (LVT) Flooring Market Snapshot
Figure 20 Companies Adopted New Product Launches as the Key Growth Strategy Between 2015 and 2019
Figure 21 Mohawk Industries: Company Snapshot
Figure 22 Mohawk Industries: SWOT Analysis
Figure 23 Tarkett: Company Snapshot
Figure 24 Tarkett: SWOT Analysis
Figure 25 Shaw Industries, Inc.: SWOT Analysis
Figure 26 LG Hausys: Company Snapshot
Figure 27 LG Hausys: SWOT Analysis
Figure 28 Forbo: Company Snapshot
Figure 29 Forbo: SWOT Analysis
Figure 30 Interface: Company Snapshot
Figure 31 Armstrong Flooring: Company Snapshot
Figure 32 The Dixie Group, Inc.: Company Snapshot

The study involved four major activities for estimating the current global size of the LVT flooring market. The exhaustive secondary research was carried out to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of LVT flooring through primary research. Both top-down and bottom-up approaches were employed to estimate the overall size of the LVT flooring market. Thereafter, the market breakdown and data triangulation procedures were used to estimate the size of different segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources such as Hoovers, Factiva, Bloomberg BusinessWeek, and Dun & Bradstreet were referred to, to identify and collect information for this study on the LVT flooring market. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, regulatory bodies, trade directories, and databases.

Primary Research

Various primary sources from both the supply- and demand- sides of the LVT flooring market were interviewed to obtain qualitative and quantitative information. The primary sources from the supply-side included industry experts such as chief executive officers (CEOs), vice presidents, marketing directors, sales professionals, and related key executives from various leading companies and organizations operating in the LVT flooring market. The primary sources from the demand-side included key executives from the banks, government organizations, and educational institutions. The breakdown of the profiles of primary respondents is as follows:

Luxury Vinyl Tiles (LVT) Flooring Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the global size of the LVT flooring market. These approaches were also used extensively to estimate the size of various dependent segments of the market. The research methodology used to estimate the market size included the following details:

  • The key players were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the LVT flooring market. The data was triangulated by studying various factors and trends from both the demand- and supply-side.

Research Objectives

  • To define, analyze, and project the size of the LVT flooring market, in terms of value and volume, based on type, end-use sector, and region.
  • To project the size of the market and its segments, in terms of value and volume, with respect to five main regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
  • To provide detailed information about the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market.
  • To strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the total market.
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape of the market leaders
  • To analyze the competitive developments such as new product launches, expansions, investments, contracts, acquisitions, partnerships, agreements, and joint ventures in the LVT flooring market.
  • To strategically profile the key players operating in the market and comprehensively analyze their market shares and core competencies.

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the luxury vinyl tiles (LVT) flooring report:

Product Analysis

  •  Product matrix, which offers a detailed comparison of the product portfolio of companies

Regional Analysis

  •  Further analysis of the luxury vinyl tiles (LVT) flooring market for additional countries

Company Information

  •  Detailed analysis and profiling of additional market players (up to 5)
Report Code
BC 7272
Published ON
Aug, 2019
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