Press release
Luxury Vinyl Tiles (LVT) Flooring Market is expected to reach $40.33 Billion by 2028: COVID Impact, Trends, and Forecast
For more information on the report: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=005669
The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Luxury vinyl tiles (LVT) flooring market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
In terms of COVID 19 impact, the Luxury vinyl tiles (LVT) flooring market report also includes the following data points:
• COVID19 Impact on Luxury vinyl tiles (LVT) flooring market size
• End-User/Industry/Application Trend, and Preferences
• Government Policies/Regulatory Framework
• Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
• Opportunity in the Luxury vinyl tiles (LVT) flooring market
Analyst View
According to Lekha, Principal Analyst, Evolve Business Intelligence, “The COVID-19 pandemic had a moderate impact on luxury vinyl tiles (LVT) floorings. in the pandemic, growth in population, rise in disposable income, and changes in lifestyles increase the demand for modified better residential, which in turn surge the need for renovation of residential places and there was a temperate shutdown in the production of luxury vinyl tiles (LVT) floorings which reduced the availability of Luxury vinyl tiles flooring ”
Competitive Scenario
Some of the major luxury vinyl tiles (LVT) flooring players holding high market share include Mohawk Industries, Tarkett, Shaw Industries Group, Inc, and Interface. These players use collaboration and expansion as a key strategy to gain significant market share to compete with market leaders
Segmental Analysis
The Luxury vinyl tiles (LVT) flooring market is analyzed across the below-mentioned segments:
• Product Type
o Rigid
o Flexible
o Others
• End-Users
o Residential
o Non-residential
o Others
Report Coverage
The study also contains a comprehensive value chain, as well as details on the key factors affecting the market growth (drivers, constraints, and opportunities). Furthermore, the report includes 10 key players in the luxury vinyl tiles (LVT) flooring market ecosystem that has been strategically profiled, along with the market ranking/share for major players. Under the company profile section, the company’s core competencies have been comprehensively analyzed, along with detailing the competitive landscape for the market players, and the strategies such as partnerships and collaboration, acquisitions, product launches and developments, contracts, and business expansion adopted by them to grow in the market.
The key players profiled in the report are:
• Mohawk Industries
• Tarkett
• Shaw Industries Group, Inc.
• LG Hausys
• Forbo
• Gerflor
• Interface
• Armstrong Flooring
• Mannington Mills, Inc
• The Dixie Group, Inc.
To request a free sample report: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=005669
Research Methodology
This research study makes substantial use of secondary sources, archives, and databases (such as annual reports, news releases, magazines, Trade maps, company websites, and other paid databases) to classify and gather information valuable for this analysis. The entire process involves a review of top industry participants' financial records. Following the determination of the overall market size, the total market was divided into several segments and sub-segments, and this information was then verified through key industry specialists such as CEOs, directors, VPs, and marketing executives.
Report Objectives
• To define, describe, and forecast the Luxury vinyl tiles (LVT) flooring market, in terms of value, segmented based on indication, type, technology, and geography
• To forecast the market size across 4 key regions—Asia Pacific (APAC), North America, Europe, and Rest of the World (RoW)
• To provide detailed information regarding drivers, restraints, and opportunities, in the Luxury vinyl tiles (LVT) flooring market
• To provide an overview of the value chain analysis about the Luxury vinyl tiles (LVT) flooring industry
• To strategically analyze each segment and subsegment concerning individual overall growth trends and their contribution to the overall luxury vinyl tiles (LVT) flooring market
• To analyze opportunities in the market by identifying high-growth segments of the Luxury vinyl tiles (LVT) flooring market
• To profile key players in the luxury vinyl tiles (LVT) flooring market and comprehensively analyze their core competencies
• To analyze competitive developments such as partnerships, product launches and developments, contracts, and mergers and acquisitions carried out in the global Luxury vinyl tiles (LVT) flooring market
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Contact: +1 773 644 5507 / +91 635 396 3987
Email: sales@evolvebi.com
Website: https://evolvebi.com/
About EvolveBI
Evolve Business Intelligence is market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool – EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from fortune’s global 2000 companies.
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