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Luxury Vinyl Tiles (LVT) Flooring Market Key Players | Tarkett, AFI Licensing LLC, Mohawk Industries Inc
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The Luxury Vinyl Tiles (LVT) flooring market is driven by the increasing demand for durable and visually appealing flooring solutions in residential and commercial spaces. LVT's popularity stems from its cost-effectiveness, water resistance, and versatility in mimicking natural materials like wood and stone. Key factors propelling the market include the low-maintenance nature of LVT, realistic aesthetic options, and its ability to withstand heavy foot traffic, making it a preferred choice for modern flooring applications.
Key Players
Some of the major Luxury Vinyl Tiles (LVT) Flooring Market players holding high market shares include Tarkett, AFI Licensing LLC, Mohawk Industries Inc and Forbo Group, C.I.. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include TAKIRON Corporation, Responsive Industries Ltd., TOLI Corporation, Shaw Industries Group, Inc., JAMES HALSTEAD PLC, Interface Inc., Mannington Mills, Inc. and Gerflor
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Segmental Analysis
Based on Type, the Luxury Vinyl Tiles (LVT) Flooring market is segmented into Rigid and Flexible.It is projected that the flexible segment will hold the most market share. This is explained by its positive qualities, like simplicity of installation and longevity. In addition, it is affordable and appropriate for both residential and non-residential markets.
Based on End-Use Sector, the Luxury Vinyl Tiles (LVT) Flooring market is segmented into Residential and Non-Residential.It is projected that the non-residential segment will hold the largest market share. This might be linked to the growing demand for Luxury Vinyl Tiles from various end-users, including the hotel and hospitality sectors, as a result of their advantages, which include easy maintenance and elegant, sophisticated interior design.
Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
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