Luxury Vinyl Tiles (LVT) Flooring Market by Type (Rigid, Flexible), End-Use Sector (Residential, Non-residential) – Global Opportunity Analysis and Industry Forecast, 2021 -2027

ID: VPR/CR/228 Publishing Year: February 2021 Pages: 128 Format:   


Global Luxury Vinyl Tiles (LVT) flooring market is expected to reach $XX million by 2027, registering a CAGR of XX% during the forecast period of 2021-2027.

In the flooring world, there has always been a Vinyl Tile in one form or another. Today, a Vinyl Tile Category continues to remain popular today, and continues to be the fastest growing market segment with double digit growth last year. Luxury Vinyl Tiles (LVT), which offers 3D printing technology which adds depth and realism, durability, with a high performance wearlayer to a vinyl tile product. Moreover luxury vinyl tiles offers option of less permanent floor than wooden or ceramic tile, especially with the growing popularity of the floating luxury vinyl tile floors. The design option of Luxury Vinyl Tiles LVT Flooring make it a desirable material, but this Flooring has many properties for that home workers look for in their flooring. Extremely resistant to dents, moisture, heat, damage and more, Luxury Vinyl Tiles are for those who want durable floors. Additionally, there are many types of LVT that offer build-in soundproofing and don’t contain harmful chemicals that will have impact the air quality of your home and will not affect the atmosphere of your home. Whereas, Luxury Vinyl Tiles offers the option of changing the room design much easier. The term Luxury Vinyl Tiles (LVT), is not recognized as a separate flooring category by ASTM, but it is the term which is known as in the flooring industry. ASTM is an international organization that develops and publishes voluntary consensus technical standard for a wide range of material, product, system and services.                                 

 The product is the most widely used type of resilient flooring solution. Consumers are shifting from traditional stone floorings to resilient floorings owing to their light weight, easy maintenance, and cost-effectiveness. A rising number of multifamily houses to accommodate the growing population is expected to have a positive impact on vinyl flooring market growth. Increasing investments by key manufacturers to offer customized product solutions with different variants of colors, textures, designs patterns and dimensions are fueling product penetration in the construction sector. Furthermore the durability and versatility has greater impact on increasing demand for the Luxury Vinyl Tiles. The Luxury Vinyl Tiles (LVT) has shorter lifespan as compared to its wooden counterparts. Moreover the products cannot be repaired and also to be replaced. Furthermore, vinyl tiles are considered to be less eco-friendly than non-resilient counter parts as they may emit VOCs and which are difficult to recycle. The aforementioned factors are expected to hamper the market growth over the projected period. The high growth of the construction industry across region is projected to drive the Luxury Vinyl Tiles Market Growth.

Segment Insight:

The Luxury Vinyl Tiles Flooring Market is segmented based on type and end-use sector. Based on type (Rigid, Flexible), End-Use Sector (Residential, Non-residential).

By Type Insight:

The Luxury Vinyl Tile Flooring Market is segmented by rigid and flexible. The flexible segment is projected to record faster growth, on the basis of type, in the LVT flooring market during the forecast period. Moreover, it’s traditionally glued down flooring material and has several properties which are durability, flexibility, easy installation and it’s budget-friendly. Which is projected to drive the growth of the segment. The flexible segment is considered suitable for almost all application such as residential and commercial.

By End-Use Sector Insight:

The Luxury Vinyl Tile Flooring Market is segmented by residential and non-residential. Luxury Vinyl Tiles enhances the aesthetic appeal of the building, along with the properties such as durability, comfort and protection from extreme weather conditions. Furthermore, this factors are also projected to drive the residential sector during the forecast period. In addition, the increase in housing renovation and maintenance is further projected to drive demand of luxury vinyl tiles in the residential sector. The Luxury Vinyl Tiles are preferred for bathrooms, kitchens, laundry rooms and basements because of their waterproof feature. Furthermore the LVT don’t trap dust in the bedrooms. All these factors are projected to drive the demand for luxury vinyl tile flooring solution in the residential sector.

Major Key Players of Global Electric Market:

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

Mohawk’s (US) wide product portfolio and strategic mix of investment and acquisition have helpe the company establish leading in apposition in LVT flooring market. The company has a strong brand presence in the market, and its vertically integrated manufacturing, as well as distribution process offers competitive advantages, in the term 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.

Luxury Vinyl Tiles Flooring Market Key Segment:

By Type

  • Rigid
  • Flexible

By End-Use Sector

  • Residential
  • Non-residential

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Argentina
    • Turkey
    • South Africa
    • Rest of LAMEA

TABLE OF CONTENTS:

CHAPTER 1 MARKET INTRODUCTION

1.1. REPORT OVERVIEW

1.2. SCOPE OF THE STUDY

1.3. PRIMARY MARKET SEGMENTS

1.4. RESEARCH METHODOLOGY

CHAPTER 2 EXECUTIVE SUMMARY

2.1. C-LEVEL EXECUTIVE’S OVERVIEW AND PERSPECTIVES

CHAPTER 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE

3.2. PRINCIPAL FINDINGS

3.2.1. Key investment pockets

3.2.2. Leading winning strategies

  3.2.3 Key Player Positioning

3.3. PORTERS FIVE FORCES OF COMPETITIVE ANALYSIS

 3.4. MARKET DYNAMICS

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunities

3.4.4. Impact Analysis

3.5. IMPACT OF COVID-19 ON THIS MARKET

CHAPTER 4 LUXURY VINYL TILES FLOORING MARKET, BY TYPE

4.1. SYNOPSIS

4.1.1. Market size and forecast

4.2. RIGID

4.2.1. Key market trends

4.2.2. Growth factors and opportunities

4.2.3. Market size and forecast

4.3. FLEXIBLE

4.3.1. Key market trends

4.3.2. Growth factors and opportunities

4.3.3. Market size and forecast

CHAPTER 5 LUXURY VINYL TILES FLOORING, BY END-USE SECTOR

5.1. SYNOPSIS

5.1.1. Market size and forecast

5.2. RESIDENTIAL

5.2.1. Market size and forecast

5.3. NON-RESIDENTIAL

5.3.1. Market size and forecast

CHAPTER 6 XX MARKET, BY REGION

6.1 SYNOPSIS

6.2 North America

6.2.1 Key market trends

6.2.2 Competitive scenario

6.2.3 Key growth factors and opportunities

6.2.4 Market size and forecast

6.3 Europe

6.3.1 Key market trends

6.3.2 Competitive scenario

6.3.3 Key growth factors and opportunities

6.3.4 Market size and forecast

6.4 Asia Pacific

6.4.1 Key market trends

6.4.2 Competitive scenario

6.4.3 Key growth factors and opportunities

6.4.4 Market size and forecast

6.5 LAMEA

6.5.1 Key market trends

6.5.2 Key growth factors and opportunities

6.5.3 Market size and forecast

CHAPTER 7 COMPANY PROFILES

7.1. MOHAWK INDUSTRIES.

7.1.1. Company overview

7.1.2. Company snapshot

7.1.3. Product portfolio

7.1.4. Business performance

7.1.5. Key strategic moves and developments

7.2. TARKETT.

7.2.1. Company overview

7.2.2. Company snapshot

7.2.3. Operating business segments

7.2.4. Product portfolio

7.2.5. Business performance

7.2.6. Key strategic moves and developments

7.3. SHAW INDUSTRIES GROUP, INC.

7.3.1. Company overview

7.3.2. Company snapshot

7.3.3. Operating business segments

7.3.4. Product portfolio

7.3.5. Business performance

7.3.6. Key strategic moves and developments

7.4. FORBO.

7.4.1. Company overview

7.4.2. Company snapshot

7.4.3. Operating business segments

7.4.4. Product portfolio

7.4.5. Business performance

7.4.6. Key strategic moves and developments

7.5. INTERFACE.

7.5.1. Company overview

7.5.2. Company snapshot

7.5.3. Operating business segments

7.5.4. Product portfolio

7.5.5. Business performance

7.5.6. Key strategic moves and developments

7.6. GERFLOR.

7.6.1. Company overview

7.6.2. Company Snapshot

7.6.3. Operating business segments

7.6.4. Product portfolio

7.6.5. Business performance

7.6.6. Key strategic moves and developments

7.7. ARMSTRONG FLOORING.

7.7.1. Company overview

7.7.2. Company snapshot

7.7.3. Operating business segments

7.7.4. Product portfolio

7.7.5. Business performance

7.7.6. Key strategic moves and developments

7.8. MANNINGTON MILLS, INC.

7.8.1. Company overview

7.8.2. Company snapshot

7.8.3. Operating business segments

7.8.4. Product portfolio

7.8.5. Business performance

7.8.6. Key strategic moves and developments

7.9. THE DIXIE GROUP, INC.

7.9.1. Company overview

7.9.2. Company snapshot

7.9.3. Operating business segments

7.9.4. Product portfolio

7.9.5. Business performance

7.9.6. Key strategic moves and developments

7.10. RESPONSIVE INDUSRIES.

7.10.1. Company overview

7.10.2. Company snapshot

7.10.3. Product portfolio

7.10.4. Key strategic moves and developments


PURCHASE OPTIONS




    ADD TO CART

CONTACT US
CALL US ON
( +91-935-919-4956 )

CONTACT EMAIL
[email protected]
PURCHASE OPTIONS




    ADD TO CART

CONTACT US
CALL US ON
( +91-935-919-4956 )

CONTACT EMAIL
[email protected]