Press release
Global Luxury Vinyl Flooring (LVT) Market Is Projected Grow At A CAGR of 2.01% Till 2025 and will Reach Around 3440 Million USD
In this report, global luxury Vinyl Flooring (LVT) Market will reach around 3440 Million USD by the end of 2025. The global luxury Vinyl Flooring (LVT) market is valued at 2864.95 Million USD in 2018 and will reach 3440 Million USD by the end of 2025, growing at a CAGR of 2.01% during 2019-2025.Download/Request Sample Copy of Strategic Report:
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The global luxury Vinyl Flooring (LVT) market is foreseen to take advantage of the growing demand for Residential Use because of its “light weight, easy maintenance, and cost-effectiveness” benefits. LVT Flooring, or luxury vinyl tile, is a vinyl tile made of different layers that makes for a durable flooring material. LVT is an acronym for “luxury vinyl tile.” It is a marketing term used by numerous companies to describe their vinyl flooring that is decoratively patterned to emulate the look of natural wood, granite or other types of flooring. There is no exact definition of the term, only generalities. It is not actually a separate category of tiling, simply a way of describing standard vinyl tiling that has been designed to match natural flooring.
Consumers are expected to give preference to Decorative Luxury Vinyl Flooring (LVT) in the coming years.
Increased Application in Residential Use to Strengthen Global Market Growth
High use of luxury Vinyl Flooring (LVT) in Residential Use because of the advantages of it’s easy installation, comfort, affordability and resistant to whatever life throws at it.
Easy Installation
LVT can be easily installed in two ways, either with glue or with a loose-lay floor. Using newer loose-lay systems makes it possible to use LVT with minimal surface preparation. With this solution, flooring installation costs, as well as installation times, can be reduced.
Comfort
Luxury vinyl tile has a softer surface than other flooring materials, like wood or stone, which is more comfortable underfoot and sound reducing, which is a very important trait for many facilities.
Affordability
Traditional hardwood and stone flooring options are more costly than LVT. If you’re looking for a durable alternative at a much lower cost, look no further.
Resistant to whatever life throws at it
Everyday life is hard on flooring surfaces. Therefore, choosing a flooring material that guards against mishaps is crucial. LVT is easy to clean, won’t chip, and is resistant to moisture, which makes it an ideal option for kitchens, bathrooms, and areas below ground level.
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Players to Enter into Long-term Agreements to Avoid Risk of Price Increases
The report includes detailed company profiling of leading players of the global luxury Vinyl Flooring (LVT) market such as AIP, Tarkett, NOX Corporation, Mohawk, Ilshin , Mannington Mills, LG Hausys, Zhejiang Walrus, Congoleum, Gerflor, Frobo, Beaulieu,RiL, Metroflor,Milliken, Polyflor, Karndean, Parterre, Snmo LVT, Hailide New Material. Companies are foreseen to sign long-term contracts with suppliers to gain operational advantages and insulate their business from the effect of price increases. AIP and Tarkett are the two largest luxury Vinyl Flooring (LVT) supplier in the world, accounting about 20% of global luxury Vinyl Flooring (LVT) sales. Manufacturers may improve their portfolio with the addition of customer-centric products to gain a foothold in the global market.
The Important Market Important Points
Increasing use of luxury Vinyl Flooring (LVT) in Residential Use to help with strong demand
The Decorative Luxury Vinyl Flooring (LVT) industry to show telling growth in the global luxury Vinyl Flooring (LVT) market
USA to secure handsome market share with high demand for value-added products.
USA accounts for about 43% of the global market, AIP and Tarkett are all from USA.
Geographically, global luxury Vinyl Flooring (LVT) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
AIP
Tarkett
NOX Corporation
Mohawk
Ilshin
Mannington Mills
LG Hausys
Zhejiang Walrus
Congoleum
Gerflor
Forbo
Beaulieu
RiL
Metroflor
Milliken
Polyflor
Karndean
Parterre
Snmo LVT
Hailide New Material
Talk To Analyst for Customization of Strategic Report:
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On the basis of product, we research the production, revenue, price, market share and growth rate, primarily split into
Decorative Luxury Vinyl Flooring (LVT)
Functional Luxury Vinyl Flooring (LVT)
For the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of luxury Vinyl Flooring (LVT) for each application, including
Commercial Use
Residential Use
Production, consumption, revenue, market share and growth rate are the key targets for luxury Vinyl Flooring (LVT) from 2013 to 2024 (forecast) in these regions
China
USA
Europe
Japan
Korea
India
Global Other
If you have any special requirements, please let us know and we will offer you the report as you want.
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About Kenneth Research:
Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.
Original Source: https://www.marketwatch.com/press-release/global-luxury-vinyl-flooring-lvt-market-is-projected-grow-at-a-cagr-of-201-till-2025-and-will-reach-around-3440-million-usd-2019-11-12
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