Press release
Luxury Vinyl Tiles and Planks Market Hits New High | Major Giants Mohawk Industries, Armstrong Flooring, Tarkett, Shaw Industries
Major Giants in Luxury Vinyl Tiles (LVT) and Planks Market are:
Mohawk Industries, Armstrong Flooring, Tarkett, Shaw Industries, Forbo Flooring, Mannington Mills, Gerflor, Interface, Karndean, LG Hausys, Congoleum, Novalis, Beaulieu International, CFL Flooring, Amtico
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HTF Market Intelligence projects that the global Luxury Vinyl Tiles (LVT) and Planks market will expand at a compound annual growth rate (CAGR) of 9.1% from 2025 to 2032, from 28.4 Billion in 2025 to 56.7 Billion by 2032.
Our Report Covers the Following Important Topics:
By Type:
Dry Back LVT, Glue-Down LVT, Click LVT, Loose Lay LVT
By Application:
Residential, Commercial, Retail, Hospitality
Definition:
Luxury vinyl tiles (LVT) and planks are durable, high-quality synthetic flooring solutions designed to mimic natural materials like wood and stone. They are widely used in residential and commercial spaces for their aesthetics, water resistance, and easy maintenance.
Dominating Region:
North America
Fastest-Growing Region:
Asia-Pacific
Market Trends:
• Sustainable & Recyclable Flooring, Digital Printing Technology, Integration of Antimicrobial Coatings
Market Drivers:
• Rising Demand for Waterproof Flooring, Increasing Urbanization, Growth in Home Renovation
Market Challenges:
• Fluctuations in Raw Material Costs, Competition from Other Flooring Types, Environmental Concerns
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Luxury Vinyl Tiles (LVT) and Planks market segments by Types: Dry Back LVT, Glue-Down LVT, Click LVT, Loose Lay LVT
Detailed analysis of Career &Education Counselling market segments by Applications: Residential, Commercial, Retail, Hospitality
Global Luxury Vinyl Tiles (LVT) and Planks Market -Regional Analysis
• North America: United States of America (US), Canada, and Mexico.
• South & Central America: Argentina, Chile, Colombia, and Brazil.
• Middle East & Africa: Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Israel, Egypt, and South Africa.
• Europe: the UK, France, Italy, Germany, Spain, Nordics, BALTIC Countries, Russia, Austria, and the Rest of Europe.
• Asia: India, China, Japan, South Korea, Taiwan, Southeast Asia (Singapore, Thailand, Malaysia, Indonesia, Philippines & Vietnam, etc.) & Rest
• Oceania: Australia & New Zealand
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Luxury Vinyl Tiles (LVT) and Planks Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
Five forces analysis-the threat of new entrants, the threat of substitutes, the threat of competition, and the bargaining power of suppliers and buyers-are carried out to better understand market circumstances.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Luxury Vinyl Tiles (LVT) and Planks Market:
Chapter 01 - Luxury Vinyl Tiles (LVT) and Planks Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Luxury Vinyl Tiles (LVT) and Planks Market - Pricing Analysis
Chapter 05 - Global Luxury Vinyl Tiles (LVT) and Planks Market Background or History
Chapter 06 - Global Luxury Vinyl Tiles (LVT) and Planks Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Luxury Vinyl Tiles (LVT) and Planks Market
Chapter 08 - Global Luxury Vinyl Tiles (LVT) and Planks Market Structure & worth Analysis
Chapter 09 - Global Luxury Vinyl Tiles (LVT) and Planks Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Luxury Vinyl Tiles (LVT) and Planks Market Research Method Luxury Vinyl Tiles (LVT) and Planks
Thank you for reading this post. You may also obtain report versions by area, such as North America, LATAM, Europe, Japan, Australia, or Southeast Asia, or by chapter.
Contact Us:
Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com
Connect with us on LinkedIn | Facebook | Twitter
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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