Overview and Scope
Luxury vinyl tiles (LVT) flooring refers 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 office space or residential space to look like real wood.

Sizing and Forecast
The luxury vinyl tiles (lvt) flooring market size has grown rapidly in recent years. It will grow from $23 billion in 2023 to $26.36 billion in 2024 at a compound annual growth rate (CAGR) of 14.6%. The growth in the historic period can be attributed to residential renovation boom, commercial flooring solutions, water and moisture resistance, environmental sustainability, health and safety compliance.




The luxury vinyl tiles (lvt) flooring market size is expected to see rapid growth in the next few years. It will grow to $43.35 billion in 2028 at a compound annual growth rate (CAGR) of 13.2%. The growth in the forecast period can be attributed to rising housing construction, e-commerce boom, green building practices, wellness and biophilic design, global connectivity initiatives, demand for sustainable materials. Major trends in the forecast period include demand for sustainable materials, infrastructure modernization, digital printing technology, smart flooring integration, rapid installation methods.

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Segmentation & Regional Insights
The luxury vinyl tiles (lvt) flooring market covered in this report is segmented –

1) By Type: Rigid Luxury Vinyl Tiles (LVT), Flexible Luxury Vinyl Tiles (LVT)
2) By Construction Type: New Construction, Renovation
3) By End-User: Residential, Non-Residential

Asia-Pacific was the largest region in the luxury vinyl tiles (LVT) flooring market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the luxury vinyl tiles (lvt) flooring market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The high growth of the construction industry is expected to propel the growth of the luxury vinyl tiles (LVT) flooring market. Luxury vinyl flooring is economical and more efficient than other floorings currently available in the market, and additional factors of LVT such as cost-efficient, lightweight, and the requirement of low maintenance make them an ideal choice for flooring in the construction sector. For instance, according to the Office of National Statistics UK, the monthly construction output increased by 3.5% in volume in November 2021. Also, according to Invest India, an India-based national investment promotion and facilitation agency, the construction industry in India is expected to reach $1.4 trillion by 2025. Therefore, the high growth in the construction industry drives the luxury vinyl tiles flooring market.

Key Industry Players
Major companies operating in the luxury vinyl tiles (lvt) flooring market include Tarkett SA, Forbo Holding AG, Armstrong World Industries Inc., Shaw Industries Inc., Global Flooring Group, Interface Inc., Mannington Mills Inc., Mohawk Industries Inc., Parador GmbH, Polyflor Ltd., Metroflor Corp., Milliken Co., LG Hausys Ltd., James Halstead plc, Beauflor USA LLC, Congoleum Corporation, EarthWerks vinyl flooring company, Forbo Holding AG, Halstead International plc, IVC US Inc., Karndean Designflooring USA, Moduleo Group, Novalis Innovative Flooring Inc., Responsive Industries Ltd., Roppe Holding Company, The Dixie Group Inc., The Stonhard Group, Toli Corporation, Torlys Inc., USFloors Inc., Välinge Innovation AB, Vifloor Canada Ltd., Vinylasa Inc., Wineo, Wonderfloor, World Class Industries Ltd., Zhejiang Kingdom Decorative Material Co. Ltd., Zhejiang Yihua Plastics Co. Ltd., Zibo Piton Industry Co. Ltd.

The luxury vinyl tiles (lvt) flooring market report 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. Luxury Vinyl Tiles (LVT) Flooring Market - Macro Economic Scenario
5. Global Luxury Vinyl Tiles (LVT) Flooring Market Size and Growth
.............
31. Global Luxury Vinyl Tiles (LVT) Flooring Market Competitive Benchmarking
32. Global Luxury Vinyl Tiles (LVT) Flooring Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Luxury Vinyl Tiles (LVT) Flooring Market
34. Luxury Vinyl Tiles (LVT) Flooring Market Future Outlook and Potential Analysis
35. Appendix

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