Luxury Vinyl Tile (LVT) Flooring Market
The Global Luxury Vinyl Tile (LVT) Market Report 2022 – Global Market Size, Trends and Forecasts 2022-2026 by The Business Research Company is the most comprehensive report available on this market, with growth analysis market history and forecast, drivers and restraints that cause it and highlights of the opportunities that companies in the sector can seize. The Luxury Vinyl Tile (LVT) Flooring Market research report helps gain a truly global perspective of the Luxury Vinyl Tile (LVT) Flooring industry as it covers 60 geographical areas around the world. Regional and country breakdowns give an analysis of the market in each geography, with market size information by region and country.
Regions covered in the Luxury Vinyl Tile (LVT) Flooring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa. Among these regions, Asia-Pacific accounts for the largest luxury vinyl tile flooring (LVT) market share.
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The luxury vinyl tile flooring (LVT) market includes sales of luxury vinyl tile flooring by entities (organizations, individual traders and partnerships) that refer to modular vinyl flooring in which the slabs are arranged individually using single sheets. Luxury vinyl tile flooring is durable, easy to handle, long lasting and acoustic. These are used to design the office space or residential space to look like real wood.
Major competitors in the luxury vinyl tile (LVT) flooring market include Tarkett, Forbo, Armstrong, Shaw Industries, Inc., Gerflor, Interface, Mannington Mills, Inc., Mohawk Industries, Parador GmbH, Polyflor, Metroflor, Milliken, LG Hausys, and James Halstead PLC.
The global luxury vinyl flooring market size is expected to grow from USD 17.65 billion in 2021 to USD 19.94 billion in 2022 at a compound annual growth rate (CAGR) of 12.99%. The market growth is mainly driven by businesses resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing , remote working and closing business activities. which resulted in operational difficulties. The LVT flooring market is expected to reach USD 34.48 billion by 2026 at a CAGR of 14.67%.
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TBRC’s report segments the global luxury vinyl tile (LVT) flooring market:
1) By type: rigid LVT, flexible LVT
2) By end user: Residential, non-residential
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The table of contents includes:
2. Luxury Vinyl Tile (LVT) Flooring Market Features
3. Luxury Vinyl Tile Flooring (LVT) Market Trends and Strategies
4. Impact of COVID-19 on Luxury Vinyl Tile (LVT) Flooring
5. Luxury Vinyl Tile (LVT) Flooring Market Size and Growth
27. Luxury Vinyl Tile (LVT) Flooring Market Competitive Landscape and Company Profiles
28. Key Mergers and Acquisitions in the Luxury Vinyl Tile (LVT) Flooring Market
29. Luxury Vinyl Tile (LVT) Flooring Market Future Outlook and Potential Analysis
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