Luxury Vinyl Tiles Market Outlook 2025: Innovations, Growth Projections, and Strategic Market Analysis

The luxury vinyl tiles (LVT) industry is witnessing strong growth, driven by rising demand for durable, stylish, and cost-effective flooring solutions in residential and commercial spaces. Leading companies are focusing on advanced designs, eco-friendly materials, and enhanced performance features to capture market share, making LVT a preferred choice for modern interior applications.
The luxury vinyl tiles market is expected to reach USD 21.12 billion by 2030 from USD 17.74 billion in 2025, at a CAGR of 3.56% during the forecast period. The rapid growth of the construction sector in various regions is expected to drive market expansion. Several factors, including the rise in both residential and commercial construction, increased renovation and maintenance efforts, as well as the improved durability and aesthetic appeal LVTs, are anticipated to boost demand in the LVT market [https://www.marketsandmarkets.com/Market-Reports/lvt-flooring-market-105150640.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=lvtflooring]. Additionally, the growing desire for decorative interiors, fueled by an upgrade in the lifestyle of urban populations, could further support the growth of the LVT market.

The luxury vinyl tiles market is segmented based on type into rigid and flexible. In 2024, the rigid segment accounted for the largest share in terms of value. The rigid type provides durability against dents, scratches, and fluctuations in temperature, making it ideal for busy areas and damp conditions. Rigid-type LVT can be placed over a variety of existing subfloors, such as concrete, plywood, and previous flooring, using a straightforward click-lock or glue-down technique. This simple installation process cuts down on both labor expenses and time, making it a popular choice for professionals as well as DIY enthusiasts.

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By product type, the luxury vinyl tiles market is segmented into glue-down LVT, click LVT, loose lay LVT, and self-adhesive LVT. In 2024, click LVT was the largest segment. Click LVT is gaining popularity due to its easy installation method, affordability, and versatility, making it a preferred choice for both residential and commercial requirements. Its click-lock mechanism allows for quick, glue-free installation, which majorly reduces labor time and costs, especially useful for renovation projects.

By distribution channel, the luxury vinyl tiles market is divided into retail stores, online retail, and wholesale distributors. Sales of LVT are rising at a fast rate through the distribution channel of retail stores due to improved in-store experiences, consumer trust, and accessibility. Customers can physically see, touch, and compare different LVT products before making a purchase at retail establishments, particularly big home improvement chains and flooring specialists. This increases customer confidence in the quality and design of the products.

The luxury vinyl tiles market is categorized by end-use into residential and commercial. In 2024, the residential sector led in terms of both value and volume. The growth in the residential segment of the luxury vinyl tiles market is primarily fueled by home renovation and maintenance projects. With a projected rise in residential construction spending, especially in developing nations within the Asia Pacific and Latin America, there is a significant trend of urbanization occurring in these areas. This urbanization results in a considerably faster growth rate for the residential construction market compared to developed regions.

The market for luxury vinyl tiles is segregated into five main regions: North America, Asia Pacific, Europe, the Middle East & Africa, and South America. North America is the leading region, holding the largest market share in terms of volume and value. The US and Canada have seen continuous growth in both residential and commercial construction activities, especially in recent years. This growth has resulted in a higher demand for floor-covering and wall-covering materials, with luxury vinyl tiles becoming a favored option because of their durability, versatility, and affordability. Furthermore, the increase in renovation and remodeling projects throughout North America also drives the demand for luxury vinyl tiles.

The growth of the LVT market is being significantly driven by rising demand from emerging economies and increasing investment in the construction industry. As countries like India, China, and Brazil experience rapid urbanization and a growing middle-class population, there is a rise in demand for affordable, durable, and stylish flooring solutions, making LVT an ideal choice. At the same time, increasing investments in residential, commercial, and infrastructure projects across both developed and developing regions are creating more opportunities for LVT adoption.

Luxury Vinyl Tiles Companies [https://www.marketsandmarkets.com/ResearchInsight/lvt-flooring-market.asp?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=lvtflooring]

The major players in the luxury vinyl tiles market are Mohawk Industries, Inc. (US), Tarkett (France), Shaw Industries Group, Inc. (US), Interface, Inc. (US), Gerflor (France), Forbo Group (Switzerland), Armstrong Flooring (US), Mannington Mills, Inc. (US), Responsive Industries Ltd. (India), and LX Hausys (South Korea). Product launch was the most widely adopted growth strategy.

Mohawk Industries Inc. (US), a leading flooring manufacturer, emphasizes enhancing residential and commercial spaces worldwide. Through a cohesive system and finely tuned distribution network, the company gains a significant competitive edge in producing ceramic tiles, laminates, carpets & rugs, and wood & vinyl flooring. Offering a diverse portfolio of carpets, rugs, laminates, sheet vinyl, and wood products, Mohawk also provides luxury vinyl tiles under various brands such as Mohawk, Quick-Step, Pergo, Moduleo Design Floors, and IVC Resilient Design. While initially focused on North America, Mohawk expanded its global presence by establishing manufacturing facilities in 19 countries and delivering high-quality products to over 180 countries. With a strong foothold in North American markets and growing influence in Asia, Europe, Africa, and South America, Mohawk continues to innovate and cater to residential and commercial applications worldwide.

Tarkett (France) specializes in manufacturing resilient flooring and operates across several segments: Europe, the Middle East & Africa (EMEA); North America; Commonwealth of Independent States (CIS), Asia Pacific (APAC) & Latin America; and Sports. Tarkett provides a diverse range of LVT products, catering to housing, healthcare, education, offices, hospitality, retail, and sports sectors. With a broad global presence spanning North America, South America, Europe, Asia Pacific, and the Middle East & Africa, Tarkett operates 24 R&D centers, 8 recycling centers, and 35 industrial sites worldwide. The company maintains sales offices in more than 100 countries globally. The company invests in research and development (R&D) to launch new products.

Shaw Industries Group, Inc. (US) is a wholly-owned subsidiary of Berkshire Hathaway Company (US), positioning itself as a comprehensive flooring solutions provider determined to maintain a leading position in the dynamic and fiercely competitive marketplace. The company has a diverse product portfolio encompassing carpet, hardwood, laminate, tile & stone, resilient, and sports turf. Within its resilient product line, Shaw Industries offers a wide range of luxury vinyl tiles tailored for both residential and commercial applications globally. The company adopts the strategy of expansion.

Interface, Inc. (US) is a flooring company specializing in carpet tile and resilient flooring, which encompasses luxury vinyl tile and rubber flooring products. The company has identified two reportable segments: Americas (AMS) and Europe, Africa, Asia, and Australia (EAAA). The company has its presence in six continents, with manufacturing facilities in the US, the UK, China, Australia, and the Netherlands. The company markets luxury vinyl tile products under the Interface brand. The company pursues the strategy of product launch.

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