The Luxury Vinyl Tiles (LVT) Flooring Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Luxury Vinyl Tiles (LVT) Flooring Market?
Historically, the global Luxury Vinyl Tiles (LVT) Flooring Market has experienced a rapid growth with the market size increasing from $26.01 billion in 2024 to a projected $29.68 billion in 2025. This represents a Compound Annual Growth Rate (CAGR) of 14.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Luxury Vinyl Tiles (LVT) Flooring Industry?
The market size for luxury vinyl tiles (LVT) flooring is projected to grow to $48.92 billion by 2029, with a compound annual growth rate (CAGR) of 13.3%.
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What are the Key Growth Drivers Fueling the Luxury Vinyl Tiles (LVT) Flooring Market?
The key drivers in the luxury vinyl tiles (lvt) flooring market are:
• Rise in housing construction
• Growth in e-commerce
• Adoption of green building practices
• Popularity of wellness and biophilic designs
• Advancements in global connectivity
• Increasing demand for sustainable materials
• Infrastructure modernization
• Development in digital printing technology
• Integration of smart flooring
• Utilization of rapid installation methods
Global Market Segmentation: Identifying Major Luxury Vinyl Tiles (LVT) Flooring Industry Segments
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
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What are the Emerging Trends Shaping the Future of the Luxury Vinyl Tiles (LVT) Flooring Market?
The key trends in the alzheimer's drugs market are:
• The trend towards sustainable materials is increasingly shaping the LVT flooring market.
• Infrastructure modernization is becoming a significant influence.
• The adoption of digital printing technology is an emerging trend.
• Smart flooring integration and rapid installation methods are also growing trends.
Who Are the Top Competitors & Leading Players in the Luxury Vinyl Tiles (LVT) Flooring Market?
Major companies in the luxury vinyl tiles (lvt) flooring market are:
• 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
• 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.
Regional Dominance: Which Area Leads the Global Luxury Vinyl Tiles (LVT) Flooring Market?
Asia-Pacific was the largest region in the luxury vinyl tiles (LVT) flooring market share in 2024
