Press release
Luxury Vinyl Flooring (LVT) Market Trending Marketing Channels, Regional Outlook by – Tarkett, Armstrong, Mohawk, Mannington Mills
This Global Luxury Vinyl Flooring (LVT) Market Report 2022 aims at providing an overview on competitive developments such as novel product releases, acquisitions and agreements in the market. It discusses about key factors, which enhance market drivers, growth and upcoming challenges. It functions as a prospective source for business participants as well as stakeholders to attain the upper hand. Industry analysis individual growth advancements are two most significant factors captured in this study related to their input to the entire market. This Luxury Vinyl Flooring (LVT) Market analysis report presents growth policies widely. Business owners can take thoughtful decision through the forecasting market and historic market data given here.In 2020, the global Luxury Vinyl Flooring (LVT) market size was US$ 10560 million and it is expected to reach US$ 23340 million by the end of 2027, with a CAGR of 12.0% during 2021-2027.
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The Top Major Competitive Players are : Tarkett, Armstrong, Mohawk, Mannington Mills, Congoleum, Gerflor, Metroflor, Forbo, Shaw Floors, NOX Corporation, Karndean, LG Hausys, Beaulieu, Novalis, Milliken, Polyflor
Market Overview:
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.
The leading producers in the industry are Tarkett, Armstrong and NOX Corporation, with revenues of 4.30%, 2.76% and 2.85% respectively.
Market Segmentation:
Segmentation By Type:
Dry-Back LVT
Loose-Lay LVT
SPC
WPC
Segmentation By Application:
Commercial Use
Residential Use
Regional Analysis:
The regional analysis segment covers all the regions in the world contributing towards the growth of the global Luxury Vinyl Flooring (LVT) market. The section offers insights on the market size, volume, and value of each region for the forecasted period to help our clients find a better position in the global market. The competitive landscape section includes strategies followed by leading market players along with the in-depth case studies on how to overcome the challenges in the Luxury Vinyl Flooring (LVT) market.
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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What does the Report Provides?
Market Size Estimates: The report offers accurate and reliable estimation of the market size in terms of value and volume. Aspects such as production, distribution and supply chain, and revenue for the Luxury Vinyl Flooring (LVT) market are also highlighted in the report
Analysis on Market Trends: In this part, upcoming market trends and development have been scrutinized
Growth Opportunities: The report here provides clients with the detailed information on the lucrative opportunities in the Luxury Vinyl Flooring (LVT) market
Regional Analysis: In this section, the clients will find comprehensive analysis of the potential regions and countries in the Luxury Vinyl Flooring (LVT) market
Analysis on the Key Market Segments: The report focuses on the segments: end user, application, and product type and the key factors fueling their growth.
Vendor Landscape: Competitive landscape provided in the report will help the companies to become better equipped to be able to make effective business decisions.
The research includes historic data from 2017 to 2022 and forecasts until 2028 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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