Learn about the global luxury vinyl tiles (LVT) flooring market through The Business Research Company, which provides information on LVT Flooring market size, LVT Flooring market drivers and restraints, LVT Flooring market players, the COVID-19 impact on the LVT Flooring market, and more.

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%.

The high growth of the construction industry is expected to propel the growth of the luxury vinyl tiles flooring market.

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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.

Global Luxury Vinyl Tiles (LVT) Flooring Market Segments Include:
By Type: Rigid LVT, Flexible LVT

By End-User: Residential, Non-Residential

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the luxury vinyl tiles (LVT) flooring market in 2021.

Product innovations are a key trend gaining popularity in the luxury vinyl tiles flooring market. The key players in the luxury vinyl titles flooring are focusing on developing innovative products with advanced technologies to reciprocate natural materials in the products with greater stability and ecological performance.

TBRC’s luxury vinyl tiles (LVT) flooring market report covers:

Major Market Players: Tarkett, Forbo, Armstrong, Shaw Industries, Inc., Gerflor, Interface, Mannington Mills, Inc., Mohawk Industries, Parador GmbH, Polyflor, Metroflor, Milliken, LG Hausys, and James Halstead PLC.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Luxury Vinyl Tiles (LVT) Flooring Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides luxury vinyl tiles (LVT) flooring market overviews, analyzes and forecasts market size, share, LVT Flooring market players, LVT Flooring market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s luxury vinyl tiles (LVT) flooring market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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