Luxury Vinyl Flooring (LVT) Market to See Massive Growth by 2032

Luxury Vinyl Flooring (LVT) Market Research Report 2024 - [117 Pages Report] Request Free Sample PDF

"Luxury Vinyl Flooring (LVT) Market" is expected to experience significant growth by 2032 driven by technological innovation, changing consumer preferences, and supportive policies. Whether you're an investor, a business owner, or simply interested in emerging markets, understanding these dynamics will help you navigate and capitalize on this exciting opportunity. The future of the Luxury Vinyl Flooring (LVT) market is bright and the next decade promises to be revolutionary.

Economic stability and growth in key regions will influence market performance. Fluctuations in currency exchange rates and trade policies will also impact market dynamics.

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Who is the largest manufacturers of Luxury Vinyl Flooring (LVT) Market worldwide?

• Tarkett
• Armstrong
• Mohawk
• Mannington Mills
• Congoleum
• Gerflor
• Metroflor
• Forbo
• Shaw Floors
• NOX Corporation
• Karndean
• LG Hausys
• Beaulieu
• Novalis
• Milliken
• Polyflor

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Short Description About Luxury Vinyl Flooring (LVT) Market:

The Global Luxury Vinyl Flooring (LVT) market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2032. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

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.

Market Analysis and Insights: Global Luxury Vinyl Flooring (LVT) Market

Due to the COVID-19 pandemic, the global Luxury Vinyl Flooring (LVT) market size is estimated to be worth USD 10050 million in 2021 and is forecast to a readjusted size of USD 20120 million by 2028 with a CAGR of 10.3Percent during the forecast period 2022-2028.

The major players in global Luxury Vinyl Flooring (LVT) market include Tarkett, Armstrong, Mohawk, etc. The top 3 players occupy over 10Percent shares of the global market. North America and Europe are main markets, they occupy over 80Percent of the global market. Dry-Back LVT is the main type, with a share about 40Percent. Residential Use is the main application, which holds a share about 75Percent.

Global Luxury Vinyl Flooring (LVT) Scope and Market Size

The global Luxury Vinyl Flooring (LVT) market is segmented by region (country), company, by Type and by Application. Players, stakeholders, and other participants in the global Luxury Vinyl Flooring (LVT) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.

What are the factors driving the growth of the Luxury Vinyl Flooring (LVT) Market?

Growing demand for below applications around the world has had a direct impact on the growth of the Luxury Vinyl Flooring (LVT)

• Commercial Use
• Residential Use

What are the types of Luxury Vinyl Flooring (LVT) available in the Market?

Based on Product Types the Market is categorized into Below types that held the largest Luxury Vinyl Flooring (LVT) market share In 2024.

• Dry-Back LVT
• Loose-Lay LVT
• SPC
• WPC

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Which regions are leading the Luxury Vinyl Flooring (LVT) Market?

• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

This Luxury Vinyl Flooring (LVT) Market Research/Analysis Report Contains Answers to your following Questions

• What are the global trends in the Luxury Vinyl Flooring (LVT) market? Would the market witness an increase or decline in the demand in the coming years?
• What is the estimated demand for different types of products in Luxury Vinyl Flooring (LVT)? What are the upcoming industry applications and trends for Luxury Vinyl Flooring (LVT) market?
• What Are Projections of Global Luxury Vinyl Flooring (LVT) Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
• Where will the strategic developments take the industry in the mid to long-term?
• What are the factors contributing to the final price of Luxury Vinyl Flooring (LVT)? What are the raw materials used for Luxury Vinyl Flooring (LVT) manufacturing?
• How big is the opportunity for the Luxury Vinyl Flooring (LVT) market? How will the increasing adoption of Luxury Vinyl Flooring (LVT) for mining impact the growth rate of the overall market?
• How much is the global Luxury Vinyl Flooring (LVT) market worth? What was the value of the market In 2023?
• Who are the major players operating in the Luxury Vinyl Flooring (LVT) market? Which companies are the front runners?
• Which are the recent industry trends that can be implemented to generate additional revenue streams?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Luxury Vinyl Flooring (LVT) Industry?

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Detailed TOC of Global Luxury Vinyl Flooring (LVT) Market Research Report, 2024-2032

1 Market Overview

1.1 Product Overview and Scope of Luxury Vinyl Flooring (LVT)

1.2 Classification of Luxury Vinyl Flooring (LVT) by Type

1.2.1 Overview: Global Luxury Vinyl Flooring (LVT) Market Size by Type: 2017 Versus 2022 Versus 2032

1.2.2 Global Luxury Vinyl Flooring (LVT) Revenue Market Share by Type in 2022

1.3 Global Luxury Vinyl Flooring (LVT) Market by Application

1.3.1 Overview: Global Luxury Vinyl Flooring (LVT) Market Size by Application: 2017 Versus 2022 Versus 2032

1.4 Global Luxury Vinyl Flooring (LVT) Market Size and Forecast

1.5 Global Luxury Vinyl Flooring (LVT) Market Size and Forecast by Region

1.6 Market Drivers, Restraints and Trends

1.6.1 Luxury Vinyl Flooring (LVT) Market Drivers

1.6.2 Luxury Vinyl Flooring (LVT) Market Restraints

1.6.3 Luxury Vinyl Flooring (LVT) Trends Analysis

2 Company Profiles

2.1 Company

2.1.1 Company Details

2.1.2 Company Major Business

2.1.3 Company Luxury Vinyl Flooring (LVT) Product and Solutions

2.1.4 Company Luxury Vinyl Flooring (LVT) Revenue, Gross Margin and Market Share (2020,2021,2022, and 2023)

2.1.5 Company Recent Developments and Future Plans

3 Market Competition, by Players

3.1 Global Luxury Vinyl Flooring (LVT) Revenue and Share by Players (2020,2021,2022, and 2023)

3.2 Market Concentration Rate

3.2.1 Top3 Luxury Vinyl Flooring (LVT) Players Market Share in 2022

3.2.2 Top 10 Luxury Vinyl Flooring (LVT) Players Market Share in 2022

3.2.3 Market Competition Trend

3.3 Luxury Vinyl Flooring (LVT) Players Head Office, Products and Services Provided

3.4 Luxury Vinyl Flooring (LVT) Mergers and Acquisitions

3.5 Luxury Vinyl Flooring (LVT) New Entrants and Expansion Plans

4 Market Size Segment by Type

4.1 Global Luxury Vinyl Flooring (LVT) Revenue and Market Share by Type (2017-2023)

4.2 Global Luxury Vinyl Flooring (LVT) Market Forecast by Type (2024-2032)

5 Market Size Segment by Application

5.1 Global Luxury Vinyl Flooring (LVT) Revenue Market Share by Application (2017-2023)

5.2 Global Luxury Vinyl Flooring (LVT) Market Forecast by Application (2024-2032)

6 Regions by Country, by Type, and by Application

6.1 Luxury Vinyl Flooring (LVT) Revenue by Type (2017-2032)

6.2 Luxury Vinyl Flooring (LVT) Revenue by Application (2017-2032)

6.3 Luxury Vinyl Flooring (LVT) Market Size by Country

6.3.1 Luxury Vinyl Flooring (LVT) Revenue by Country (2017-2032)

6.3.2 United States Luxury Vinyl Flooring (LVT) Market Size and Forecast (2017-2032)

6.3.3 Canada Luxury Vinyl Flooring (LVT) Market Size and Forecast (2017-2032)

6.3.4 Mexico Luxury Vinyl Flooring (LVT) Market Size and Forecast (2017-2032)

7 Research Findings and Conclusion

8 Appendix

8.1 Methodology

8.2 Research Process and Data Source

8.3 Disclaimer

9 Research Methodology

10 Conclusion

Continued….

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