LVT Flooring Market status and outlook of global and major regions, from angles of players, regions, product and end Application/industries; this report analyzes the top players in global and major regions.
LVT is an acronym for "luxury vinyl tile." It is a marketing term used by numerous companies to describe their vinyl flooring that is decoratively patterned to emulate the look of natural wood, granite or other types of flooring. There is no exact definition of the term, only generalities. It is not actually a separate category of tiling, simply a way of describing standard vinyl tiling that has been designed to match natural flooring.
According to the type, it can be divided into Flexible LVT Flooring and Rigid LVT Flooring. Flexible LVT Flooring is the main product, capturing about 67.57% of global consumption of LVT flooring in 2017.
According to our research and analysis, manufacturers from USA and Europe are the major leaders in the international market of LVT flooring. Armstrong, Mannington Mills, Tarkett, Congoleum, Mohawk, and Metroflor are all famous companies in the world, Tarkett is the biggest manufacturer in the world with sale volume of 26116 K Sq.m in 2017.
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Global market is expected to witness significant growth on account of rising applications, so in the next few years, LVT flooring consumption will show a trend of steady growth. In 2024, the consumption of LVT Flooring is estimated to be 507008 K Sq.m.
The global LVT Flooring market is valued at 4187.1 million US$ in 2018 and will reach 8422.6 million US$ by the end of 2025, growing at a CAGR of 10.5% during 2019-2025. The objectives of this study are to define, segment, and project the size of the LVT Flooring market based on company, product type, end user and key regions.
This report studies the global market size of LVT Flooring in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of LVT Flooring in these regions.
This research report categorizes the global LVT Flooring market by top players/brands, region, type and end user. This report also studies the global LVT Flooring market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
- Armstrong
- Mannington Mills
- Tarkett
- NOX Corporation
- LG Hausys
- Congoleum
- Mohawk
- Shaw
- Gerflor
- Forbo
- Beaulieu
- RiL
- Metroflor
- Milliken
- Polyflor
- Karndean
- Parterre
- Snmo LVT
- Hailide New Material
LVT Flooring market size by Type
- Flexible LVT Flooring
- Rigid LVT Flooring
LVT Flooring market size by Applications
- Commercial Use
- Residential Use
Market size by Region
- North America
- United States
- Canada
- Mexico
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Russia
- Central & South America
- Brazil
- Rest of Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
The study objectives of this report are:
- To study and analyze the global LVT Flooring market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
- To understand the structure of LVT Flooring market by identifying its various subsegments.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- Focuses on the key global LVT Flooring companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
- To project the value and sales volume of LVT Flooring submarkets, with respect to key regions.
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of LVT Flooring are as follows:
- History Year: 2014-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K Sq.m). Both top-down and bottom-up approaches have been used to estimate and validate the market size of LVT Flooring market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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The report "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" The LVT flooring market is projected to grow from USD 18.0 billion in 2019 to USD 31.8 billion by 2024, recording a CAGR of 11.7% from 2019 to 2024.
The LVT flooring market is projected to grow in parallel to the growth of the construction industry across the globe.
Factors such as the increase in the residential and non-residential constructions, innovation in flooring solutions, rising number of remodeling projects, along with a high demand for durable LVTs that can withstand various weathering actions and resist chemical attacks & deterioration are factors expected to support the market growth during the forecast period.♦ Download PDF Brochure - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=105150640 Browse 137 market data Tables and 32 Figures spread through 146 Pages and in-depth TOC on "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"In terms of value and volume, the flexible segment is estimated to lead the luxury vinyl tiles (LVT) flooring market in 2019.The flexible segment accounted for a larger share, on the basis of type, in the LVT flooring market as it is affordable and is installed in regions that have extreme weather conditions.
It is a traditional glue-down flooring material that inherits several properties such as durability, flexibility, ease installation, and budget-friendly.
The growth of the flexible segment remains high due to its properties, which makes it a preferred LVT flooring solution for the residential as well as commercial application.
The flexible LVT flooring solutions are considered suitable for almost all applications such as residential and commercial.In terms of volume, the residential segment leads the luxury vinyl tiles (LVT) flooring market in 2019.Luxury vinyl tiles (LVT) enhances the aesthetic appeal of a building, along with properties such as durability, comfort, and protection from extreme weather conditions.
