The Business Research Company’s report on the Luxury Vinyl Tiles (LVT) Flooring Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the luxury vinyl tiles (lvt) flooring market further?
The high growth of the construction industry is expected to propel the growth of the luxury vinyl tiles (LVT) flooring market. Luxury vinyl flooring is economical and more efficient than other floorings currently available in the market, and additional factors of LVT such as cost-efficient, lightweight, and the requirement of low maintenance make them an ideal choice for flooring in the construction sector. For instance, according to Invest India, an India-based national investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Therefore, the high growth in the construction industry drives the luxury vinyl tiles flooring market.
Access Your Free Sample of the Global Luxury Vinyl Tiles (LVT) Flooring Market Report – Get Insights Now!
Luxury Vinyl Tiles Flooring Market Forecast Report 2025, Growth Sample
What are the key factors influencing the forecasted market size of the luxury vinyl tiles (lvt) flooring industry?
The luxury vinyl tiles (LVT) flooring market size has grown rapidly in recent years. It will grow from $26.01 billion in 2024 to $29.68 billion in 2025 at a compound annual growth rate (CAGR) of 14.1%. The growth in the historic period can be attributed to residential renovation boom, commercial flooring solutions, water and moisture resistance, environmental sustainability, health and safety compliance.
The luxury vinyl tiles (LVT) flooring market size is expected to see rapid growth in the next few years. It will grow to $48.92 billion in 2029 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to rising housing construction, e-commerce boom, green building practices, wellness and biophilic design, global connectivity initiatives, demand for sustainable materials. Major trends in the forecast period include demand for sustainable materials, infrastructure modernization, digital printing technology, smart flooring integration, rapid installation methods.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
Luxury Vinyl Tiles Flooring Market Forecast Report 2025, Growth Customise
Who are the leading competitors in the luxury vinyl tiles (lvt) flooring market?
Major companies operating in the luxury vinyl tiles (LVT) flooring market include Tarkett SA, Forbo Holding AG, Armstrong World Industries Inc., Shaw Industries Inc., Global Flooring Group, Interface Inc., Mannington Mills Inc., Mohawk Industries Inc., Parador GmbH, Polyflor Ltd., Metroflor Corp., Milliken Co., LG Hausys Ltd., James Halstead plc, Beauflor USA LLC, Congoleum Corporation, EarthWerks vinyl flooring company, Forbo Holding AG, Halstead International plc, IVC US Inc., Karndean Designflooring USA, Moduleo Group, Novalis Innovative Flooring Inc., Responsive Industries Ltd., Roppe Holding Company, The Dixie Group Inc., The Stonhard Group, Toli Corporation, Torlys Inc., USFloors Inc., Välinge Innovation AB, Vifloor Canada Ltd., Vinylasa Inc., Wineo, Wonderfloor, World Class Industries Ltd., Zhejiang Kingdom Decorative Material Co. Ltd., Zhejiang Yihua Plastics Co. Ltd., Zibo Piton Industry Co. Ltd.
Which emerging trends are set to transform the luxury vinyl tiles (lvt) flooring market landscape?
Major companies operating in the luxury vinyl tiles (LVT) flooring market are focused on introducing premium Contour luxury vinyl tiles to enhance the aesthetic appeal and durability of high-end residential and commercial spaces. Contour luxury vinyl tiles refer to a premium category of luxury vinyl flooring that emphasizes intricate designs, textures, and shapes to replicate the appearance of natural materials like wood, stone, or ceramic. The LVT features a 32-mil wear layer, providing excellent resistance to indentations, scratches, scuffs, and stains. For instance, in May 2024, Tarkett S.A., a France-based manufacturing company, launched True to Form, a new collection of its premium Contour luxury vinyl tiles. The collection includes 64 colors across exclusive wood and stone designs. True to Form Wood features 40 wood colors in nine woodgrain patterns, while True to Form Stone offers 24 colors in six stone patterns, including textures like sandstone and travertine. True to Form is integrated with Tarkett’s Brilliance Digital Color System, allowing designers to visualize color options in their spaces, save project boards, and order samples efficiently.
How do different geographies compare in terms of market share and growth potential in the luxury vinyl tiles (lvt) flooring market?
Asia-Pacific was the largest region in the luxury vinyl tiles (LVT) flooring market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the luxury vinyl tiles (LVT) flooring market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Order Your Report Now For Swift Delivery
Luxury Vinyl Tiles Flooring Market Forecast Report 2025, Growth
Which major segments of the luxury vinyl tiles (lvt) flooring market are experiencing the fastest growth?
The luxury vinyl tiles (LVT) flooring market covered in this report is segmented –
1) By Type: Rigid Luxury Vinyl Tiles (LVT), Flexible Luxury Vinyl Tiles (LVT)
2) By Construction Type: New Construction, Renovation
3) By End-User: Residential, Non-Residential
Subsegments:
1) By Rigid Luxury Vinyl Tiles (LVT): Stone Plastic Composite (SPC) LVT, Wood Plastic Composite (WPC) LVT
2) By Flexible Luxury Vinyl Tiles (LVT): Conventional Flexible LVT, Loose Lay LVT, Glue-Down LVT
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
Luxury Vinyl Tiles Flooring Market Forecast Report 2025, Growth
How is the luxury vinyl tiles (lvt) flooring market defined, and what are its core characteristics?
Luxury vinyl tiles (LVT) flooring refers to modular vinyl flooring in which tiles are laid out individually by using single sheets. The luxury vinyl tiles flooring is sustainable, easy to handle, durable, and acoustic. These are used to design office space or residential space to look like real wood.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: The Business Research Company | LinkedIn
