The global luxury vinyl tile (LVT) flooring market is projected to grow from USD 21.7 billion in 2022 to USD 76.2 billion by 2030, at a CAGR of 17%. The growth of the market is driven by the increasing demand for durable, stylish, and easy-to-maintain flooring options in residential and commercial spaces. LVT flooring is a versatile and affordable option that offers a variety of design and performance features that appeal to a wide range of consumers.
The global LVT flooring market is segmented by type, application, and region. By type, the market is divided into flexible LVT and rigid LVT. Flexible LVT is the dominant segment, accounting for over 70% of the market share in 2022. This is due to the increasing popularity of flexible LVT for its ease of installation and durability. Rigid LVT is expected to grow at a faster rate during the forecast period, due to its superior performance in terms of scratch and stain resistance.
Global Luxury Vinyl Tile (LVT) Flooring By application, the market is divided into residential and commercial. The residential segment is the larger segment, accounting for over 60% of the market share in 2022. This is due to the increasing demand for stylish and durable flooring options in homes. The commercial segment is expected to grow at a faster rate during the forecast period, due to the increasing demand for LVT flooring in hotels, restaurants, and other commercial spaces.
Global Luxury Vinyl Tile (LVT) Flooring By region, the market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is the largest market for LVT flooring, accounting for over 30% of the global market share in 2022. This is due to the high demand for luxury flooring options in the region. Europe is the second largest market, followed by Asia Pacific. Asia Pacific is expected to be the fastest growing market during the forecast period, due to the increasing disposable income and growing construction activities in the region.
The key players in the global LVT flooring market are Armstrong Flooring, Inc., Mohawk Industries, Inc., Tarkett, Shaw Industries Group, Inc., Mannington Mills, Inc., Congoleum Corporation, Forbo Flooring Systems, Inc., Gerflor Group, and Polyflor. These companies are engaged in the manufacturing and marketing of LVT flooring products. They have a strong brand presence and a wide distribution network.
The growth of the global LVT flooring market is driven by the following factors:
Increasing demand for durable, stylish, and easy-to-maintain flooring options in residential and commercial spaces.
Growing popularity of flexible LVT for its ease of installation and durability.
Superior performance of rigid LVT in terms of scratch and stain resistance.
Rising disposable income and growing construction activities in emerging economies.
Increasing awareness about the environmental benefits of LVT flooring.
The growth of the global LVT flooring market is challenged by the following factors:
High initial cost of LVT flooring.
Competition from other flooring options, such as hardwood and tile flooring.
Lack of awareness about LVT flooring in some regions.
Table of Contents for Luxury Vinyl Tile (LVT) Flooring Market Report
Chapter 1: Luxury Vinyl Tile (LVT) Flooring Market Overview
1.1 Luxury Vinyl Tile (LVT) Flooring Definition 1.2 Global Luxury Vinyl Tile (LVT) Flooring Market Size Status and Outlook (2017-2031) 1.3 Global Luxury Vinyl Tile (LVT) Flooring Market Size Comparison by Region (2017-2031) 1.4 Global Luxury Vinyl Tile (LVT) Flooring Market Size Comparison by Type (2017-2031) 1.5 Global Luxury Vinyl Tile (LVT) Flooring Market Size Comparison by Application (2017-2031) 1.6 Global Luxury Vinyl Tile (LVT) Flooring Market Size Comparison by Sales Channel (2017-2031) 1.7 Luxury Vinyl Tile (LVT) Flooring Market Dynamics 1.7.1 Market Drivers/Opportunities 1.7.2 Market Challenges/Risks 1.7.3 Market News (Mergers/Acquisitions/Expansion) 1.7.4 COVID-19 Impacts 1.7.5 Russia-Ukraine War Impacts Chapter 2 Luxury Vinyl Tile (LVT) Flooring Market Segment Analysis by Player 2.1 Global Luxury Vinyl Tile (LVT) Flooring Sales and Market Share by Player (2020-2022) 2.2 Global Luxury Vinyl Tile (LVT) Flooring Revenue and Market Share by Player (2020-2022) 2.3 Global Luxury Vinyl Tile (LVT) Flooring Average Price by Player (2020-2022) 2.4 Players Competition Situation & Trends 2.5 Conclusion of Segment by Player Chapter 3 Luxury Vinyl Tile (LVT) Flooring Market Segment Analysis by Type 3.1 Global Luxury Vinyl Tile (LVT) Flooring Market by Type 3.1.1 Flexible Luxury Vinyl Tile (LVT) 3.1.2 Rigid Luxury Vinyl Tile (LVT) 3.2 Global Luxury Vinyl Tile (LVT) Flooring Sales and Market Share by Type (2017-2022) 3.3 Global Luxury Vinyl Tile (LVT) Flooring Revenue and Market Share by Type (2017-2022) 3.4 Global Luxury Vinyl Tile (LVT) Flooring Average Price by Type (2017-2022) 3.5 Leading Players of Luxury Vinyl Tile (LVT) Flooring by Type in 2022 3.6 Conclusion of Segment by Type Chapter 4 Luxury Vinyl Tile (LVT) Flooring Market Segment Analysis by Application 4.1 Global Luxury Vinyl Tile (LVT) Flooring Market by Application 4.1.1 Residential 4.1.2 Commercial 4.2 Global Luxury Vinyl Tile (LVT) Flooring Revenue and Market Share by Application (2017-2022) 4.3 Leading Consumers of Luxury Vinyl Tile (LVT) Flooring by Application in 2022 4.4 Conclusion of Segment by Application Chapter 5 Luxury Vinyl Tile (LVT) Flooring Market Segment Analysis by Sales Channel 5.1 Global Luxury Vinyl Tile (LVT) Flooring Market by Sales Channel 5.1.1 Direct Channel 5.1.2 Distribution Channel 5.2 Global Luxury Vinyl Tile (LVT) Flooring Revenue and Market Share by Sales Channel (2017-2022) 5.3 Leading Distributors/Dealers of Luxury Vinyl Tile (LVT) Flooring by Sales Channel in 2022 5.4 Conclusion of Segment by Sales Channel Chapter 6 Luxury Vinyl Tile (LVT) Flooring Market Segment Analysis by Region 6.1 Global Luxury Vinyl Tile (LVT) Flooring Market Size and CAGR by Region (2017-2031) 6.2 Global Luxury Vinyl Tile (LVT) Flooring Sales and Market Share by Region (2017-2022) 6.3 Global Luxury Vinyl Tile (LVT) Flooring Revenue and Market Share by Region (2017-2022) 6.4 North America 6.4.1 North America Market by Country 6.4.2 North America Luxury Vinyl Tile (LVT) Flooring Market Share by Type 6.4.3 North America Luxury Vinyl Tile (LVT) Flooring Market Share by Application 6.4.4 United States 6.4.5 Canada 6.4.6 Mexico 6.5 Europe 6.5.1 Europe Market by Country 6.5.2 Europe Luxury Vinyl Tile (LVT) Flooring Market Share by Type 6.5.3 Europe Luxury Vinyl Tile (LVT) Flooring Market Share by Application 6.5.4 Germany 6.5.5 UK 6.5.6 France 6.5.7 Italy 6.5.8 Russia 6.5.9 Spain 6.6 Asia-Pacific 6.6.1 Asia-Pacific Market by Country 6.6.2 Asia-Pacific Luxury Vinyl Tile (LVT) Flooring Market Share by Type 6.6.3 Asia-Pacific Luxury Vinyl Tile (LVT) Flooring Market Share by Application 6.6.4 China 6.6.5 Japan 6.6.6 Korea 6.6.7 India 6.6.8 Southeast Asia 6.6.9 Australia 6.7 South America 6.7.1 South America Market by Country 6.7.2 South America Luxury Vinyl Tile (LVT) Flooring Market Share by Type 6.7.3 South America Luxury Vinyl Tile (LVT) Flooring Market Share by Application 6.7.4 Brazil 6.7.5 Argentina 6.7.6 Colombia 6.8 Middle East & Africa 6.8.1 Middle East & Africa Market by Country 6.8.2 Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Share by Type 6.8.3 Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Share by Application 6.8.4 UAE 6.8.5 Saudi Arabia 6.8.6 South Africa 6.9 Conclusion of Segment by Region Chapter 7 Profile of Leading Luxury Vinyl Tile (LVT) Flooring Players 7.1 Mohawk 7.1.1 Company Snapshot 7.1.2 Product/Service Offered 7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share) 7.2 Tarkett 7.3 AHF Products (Armstrong Flooring) 7.4 Shaw Industries Group 7.5 Mannington Mills 7.6 NOX Corporation 7.7 Beaulieu International Group 7.8 LX Hausys 7.9 Gerflor 7.10 Congoleum 7.11 Interface 7.12 Forbo 7.13 Responsive Industries 7.14 Milliken 7.15 Karndean 7.16 Polyflor (James Halstead) 7.17 The Dixie Group 7.18 Metroflor 7.19 American Biltrite 7.20 Zhejiang Hailide New Material Chapter 8 Upstream and Downstream Analysis of Luxury Vinyl Tile (LVT) Flooring 8.1 Industrial Chain of Luxury Vinyl Tile (LVT) Flooring 8.2 Upstream of Luxury Vinyl Tile (LVT) Flooring 8.3 Downstream of Luxury Vinyl Tile (LVT) Flooring Chapter 9 Development Trend of Luxury Vinyl Tile (LVT) Flooring (2023-2031) 9.1 Global Luxury Vinyl Tile (LVT) Flooring Market Size (Sales and Revenue) Forecast (2023-2031) 9.2 Global Luxury Vinyl Tile (LVT) Flooring Market Size and CAGR Forecast by Region (2023-2031) 9.3 Global Luxury Vinyl Tile (LVT) Flooring Market Size and CAGR Forecast by Type (2023-2031) 9.4 Global Luxury Vinyl Tile (LVT) Flooring Market Size and CAGR Forecast by Application (2023-2031) 9.5 Global Luxury Vinyl Tile (LVT) Flooring Market Size and CAGR Forecast by Sales Channel (2023-2031) Chapter 10 Appendix 10.1 Research Methodology 10.2 Data Sources 10.3 Disclaimer 10.4 Analysts Certification List of Tables and Figures Figure Luxury Vinyl Tile (LVT) Flooring Example Figure Global Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) Status and Outlook (2017-2031) Figure Global Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) Comparison by Region (2017-2031) Figure Global Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) Comparison by Type (2017-2031) Figure Global Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) Comparison by Application (2017-2031) Figure Global Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) Comparison by Sales Channel (2017-2031) Table Global Luxury Vinyl Tile (LVT) Flooring Sales by Player (2020-2022) Table Global Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Player (2020-2022) Figure Global Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Player in 2022 Table Global Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) by Player (2020-2022) Table Global Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Player (2020-2022) Figure Global Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Player in 2022 Table Global Luxury Vinyl Tile (LVT) Flooring Average Price by Player (2020-2022) Figure Global Luxury Vinyl Tile (LVT) Flooring Average Price by Player in 2022 Figure Global Luxury Vinyl Tile (LVT) Flooring Players Competition Situation – Top 5 Players’ Revenue Market Share in 2020 Figure Global Luxury Vinyl Tile (LVT) Flooring Players Competition Trends – Top 5 Players’ Revenue Market Share in 2022 Figure Example of Flexible Luxury Vinyl Tile (LVT) Figure Global Flexible Luxury Vinyl Tile (LVT) Revenue (Million $) and Growth Rate (2017-2022) Figure Example of Rigid Luxury Vinyl Tile (LVT) Figure Global Rigid Luxury Vinyl Tile (LVT) Revenue (Million $) and Growth Rate (2017-2022) Table Global Luxury Vinyl Tile (LVT) Flooring Sales by Type (2017-2022) Table Global Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Type (2017-2022) Figure Global Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Type in 2022 Table Global Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) by Type (2017-2022) Table Global Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Type (2017-2022) Figure Global Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Type in 2022 Table Global Luxury Vinyl Tile (LVT) Flooring Average Price by Type (2017-2022) Figure Global Luxury Vinyl Tile (LVT) Flooring Average Price by Type in 2022 Table Leading Players of Luxury Vinyl Tile (LVT) Flooring by Type in 2022 Figure Example of Residential Figure Global Luxury Vinyl Tile (LVT) Flooring for Residential Revenue (Million $) and Growth Rate (2017-2022) Figure Example of Commercial Figure Global Luxury Vinyl Tile (LVT) Flooring for Commercial Revenue (Million $) and Growth Rate (2017-2022) Table Global Luxury Vinyl Tile (LVT) Flooring Sales by Application (2017-2022) Table Global Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Application (2017-2022) Figure Global Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Application in 2022 Table Leading Consumers of Luxury Vinyl Tile (LVT) Flooring by Application in 2022 Figure Example of Direct Channel Figure Global Luxury Vinyl Tile (LVT) Flooring for Direct Channel Revenue (Million $) and Growth Rate (2017-2022) Figure Example of Distribution Channel Figure Global Luxury Vinyl Tile (LVT) Flooring for Distribution Channel Revenue (Million $) and Growth Rate (2017-2022) Table Global Luxury Vinyl Tile (LVT) Flooring Revenue by Sales Channel (2017-2022) Table Global Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Sales Channel (2017-2022) Figure Global Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Sales Channel in 2022 Table Leading Distributors/Dealers of Luxury Vinyl Tile (LVT) Flooring by Sales Channel in 2022 Table Global Luxury Vinyl Tile (LVT) Flooring Market Size and CAGR by Region (2017-2031) Table Global Luxury Vinyl Tile (LVT) Flooring Sales by Region (2017-2022) Table Global Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Region (2017-2022) Figure Global Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Region in 2022 Table Global Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) by Region (2017-2022) Table Global Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Region (2017-2022) Figure Global Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Region in 2022 Table North America Luxury Vinyl Tile (LVT) Flooring Sales by Country (2017-2022) Figure North America Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Country (2017-2022) Table North America Luxury Vinyl Tile (LVT) Flooring Revenue by Country (2017-2022) Figure North America Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Country (2017-2022) Figure North America Luxury Vinyl Tile (LVT) Flooring Market Share by Type in 2022 Figure North America Luxury Vinyl Tile (LVT) Flooring Market Share by Application in 2022 Figure United States Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure United States Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure Canada Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Canada Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure Mexico Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Mexico Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Table Europe Luxury Vinyl Tile (LVT) Flooring Sales by Country (2017-2022) Figure Europe Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Country (2017-2022) Table Europe Luxury Vinyl Tile (LVT) Flooring Revenue by Country (2017-2022) Figure Europe Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Country (2017-2022) Figure Europe Luxury Vinyl Tile (LVT) Flooring Market Share by Type in 2022 Figure Europe Luxury Vinyl Tile (LVT) Flooring Market Share by Application in 2022 Figure Germany Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Germany Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure UK Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure UK Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure France Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure France Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure Italy Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Italy Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure Russia Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Russia Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure Spain Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Spain Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Table Asia-Pacific Luxury Vinyl Tile (LVT) Flooring Sales by Country (2017-2022) Figure Asia-Pacific Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Country (2017-2022) Table Asia-Pacific Luxury Vinyl Tile (LVT) Flooring Revenue by Country (2017-2022) Figure Asia-Pacific Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Country (2017-2022) Figure Asia-Pacific Luxury Vinyl Tile (LVT) Flooring Market Share by Type in 2022 Figure Asia-Pacific Luxury Vinyl Tile (LVT) Flooring Market Share by Application in 2022 Figure China Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure China Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure Japan Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Japan Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure Korea Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Korea Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure India Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure India Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure Southeast Asia Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Southeast Asia Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure Australia Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Australia Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Table South America Luxury Vinyl Tile (LVT) Flooring Sales by Country (2017-2022) Figure South America Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Country (2017-2022) Table South America Luxury Vinyl Tile (LVT) Flooring Revenue by Country (2017-2022) Figure South America Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Country (2017-2022) Figure South America Luxury Vinyl Tile (LVT) Flooring Market Share by Type in 2022 Figure South America Luxury Vinyl Tile (LVT) Flooring Market Share by Application in 2022 Figure Brazil Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Brazil Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure Argentina Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Argentina Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure Colombia Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Colombia Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Table Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Sales by Country (2017-2022) Figure Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Sales Market Share by Country (2017-2022) Table Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Revenue by Country (2017-2022) Figure Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Revenue Market Share by Country (2017-2022) Figure Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Share by Type in 2022 Figure Middle East & Africa Luxury Vinyl Tile (LVT) Flooring Market Share by Application in 2022 Figure UAE Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure UAE Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure Saudi Arabia Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure Saudi Arabia Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Figure South Africa Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate (2017-2022) Figure South Africa Luxury Vinyl Tile (LVT) Flooring Revenue (Million $) and Growth Rate (2017-2022) Table Company Snapshot of Mohawk Table Luxury Vinyl Tile (LVT) Flooring Introduction of Mohawk Table Luxury Vinyl Tile (LVT) Flooring Sales, Price, Revenue, Gross Margin and Market Share of Mohawk (2020-2022) Table Industrial Chain of Luxury Vinyl Tile (LVT) Flooring Table Manufacturing Cost Structure of Luxury Vinyl Tile (LVT) Flooring Table General Manufacturing Process of Luxury Vinyl Tile (LVT) Flooring Table Leading Distributors/Dealers of Luxury Vinyl Tile (LVT) Flooring Table Leading Consumers of Luxury Vinyl Tile (LVT) Flooring Figure Global Luxury Vinyl Tile (LVT) Flooring Sales and Growth Rate Forecast (2023-2031) Figure Global Luxury Vinyl Tile (LVT) Flooring Revenue and Growth Rate Forecast (2023-2031) Table Global Luxury Vinyl Tile (LVT) Flooring Market Size and CAGR Forecast by Region (2023-2031) Table Global Luxury Vinyl Tile (LVT) Flooring Market Size and CAGR Forecast by Type (2023-2031) Table Global Luxury Vinyl Tile (LVT) Flooring Market Size and CAGR Forecast by Application (2023-2031) Table Global Luxury Vinyl Tile (LVT) Flooring Market Size and CAGR Forecast by Sales Channel (2023-2031)
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