LVT is an acronym for “luxury vinyl tile.” It is a marketing term used by numerous companies to describe their vinyl flooring that is decoratively patterned to emulate the look of natural wood, granite or other types of flooring. There is no exact definition of the term, only generalities. It is not actually a separate category of tiling, simply a way of describing standard vinyl tiling that has been designed to match natural flooring.
Europe is the biggest consumption country in the world followed by USA. Though China is a populous country, the consumption volume is relatively small compared to Korea and Japan in Asia, which also means the huge potential in China market in the future.
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LVT flooring downstream is wide and the main application fields are residential and commercial use. Globally, residential use accounts for nearly 66.04% of total downstream consumption volume of LVT flooring in global in 2017.
According to the type, it can be divided into Flexible LVT Flooring and Rigid LVT Flooring. Flexible LVT Flooring is the main product, capturing about 67.57% of global consumption of LVT flooring in 2017.
According to this study, over the next five years the Luxury Vinyl Flooring (LVT) market will register a 12.8% CAGR in terms of revenue, the global market size will reach US$ 7480 million by 2024, from US$ 3630 million in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Vinyl Flooring (LVT) market by product type, application, key manufacturers and key regions and countries.
Market Segment by regions, this report splits global market into several key regions, with Production, Revenue, Consumption, Market Share of top players in these regions, from 2014 to 2025 (forecast), like
Market Performance by Regions:
- Global Other
Split by Product Types, with Production, Revenue, Price, Market Share of each type, can be divided into
- Decorative Luxury Vinyl Flooring (LVT)
- Functional Luxury Vinyl Flooring (LVT)
Split by applications, this report focuses on Sales, Market Share and Growth Rate of luxury Vinyl Flooring (LVT) in each application, can be divided into
- Commercial Use
- Residential Use
Split by company, details are as below, Productionï¼Revenueï¼Priceï¼Cost and Gross Margin of each players will be included in this report
- NOX Corporation
- Mannington Mills
- LG Hausys
- Zhejiang Walrus
- Snmo LVT
- Hailide New Material
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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