Press release
Luxury Vinyl Tiles (LVT) Flooring Market Is Expected To See Incremental Growth By 2031 | Tarkett, Forbo, Armstrong, Shaw Industries, Inc., Gerflor, Interface, Mannington Mills, Inc
Luxury Vinyl Tiles (LVT) Flooring Market
The regions covered in the luxury vinyl tiles (LVT) flooring market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Among these regions, Asia Pacific accounts for the largest luxury vinyl tiles (LVT) flooring market share.
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The luxury vinyl tiles (LVT) flooring market consists of sales of luxury vinyl tiles flooring by entities (organizations, sole traders, and partnerships) that refer to modular vinyl flooring in which tiles are laid out individually by using single sheets. The luxury vinyl tiles flooring is sustainable, easy to handle, durable, and acoustic. These are used to design the office space or the residential space to look like real wood.
Key competitors in the luxury vinyl tiles (LVT) flooring market include Tarkett, Forbo, Armstrong, Shaw Industries, Inc., Gerflor, Interface, Mannington Mills, Inc., Mohawk Industries, Parador GmbH, Polyflor, Metroflor, Milliken, LG Hausys, and James Halstead PLC.
The global luxury vinyl tiles flooring market size is expected to grow from $17.65 billion in 2021 to $19.94 billion in 2022 at a compound annual growth rate (CAGR) of 12.99%. The growth in the market is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The LVT flooring market is expected to reach $34.48 billion in 2026 at a CAGR of 14.67%.
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TBRC's report segments the global luxury vinyl tiles (LVT) flooring market:
1) By Type: Rigid LVT, Flexible LVT
2) By End-User: Residential, Non-Residential
Read Further On The Luxury Vinyl Tiles (LVT) Flooring Market Here:
https://www.thebusinessresearchcompany.com/report/luxury-vinyl-tiles-flooring-global-market-report
The Table of Contents includes:
1. Executive Summary
2. Luxury Vinyl Tiles (LVT) Flooring Market Characteristics
3. Luxury Vinyl Tiles (LVT) Flooring Market Trends And Strategies
4. Impact Of COVID-19 On Luxury Vinyl Tiles (LVT) Flooring
5. Luxury Vinyl Tiles (LVT) Flooring Market Size And Growth
.....
27. Luxury Vinyl Tiles (LVT) Flooring Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Luxury Vinyl Tiles (LVT) Flooring Market
29. Luxury Vinyl Tiles (LVT) Flooring Market Future Outlook and Potential Analysis
30. Appendix
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