Home > Construction > Construction Materials > Flooring Materials > Luxury Vinyl Tile Flooring Market

Luxury Vinyl Tile Flooring Market Trends

Report ID: GMI6693
Published Date: Sep 2023
Report Format: PDF

Download Free Sample

Luxury Vinyl Tile Flooring Market Trends

The LVT flooring market has been experiencing steady growth due to its versatility, affordability, and aesthetic appeal. The trend towards realistic wood and stone textures has contributed to its popularity. With more people spending time at home, there has been an increased focus on residential renovations and home improvement projects. LVT's easy installation, durability, and wide range of designs make it a popular choice for these projects. Thus, the growing prevalence is likely to expedite the luxury vinyl tile flooring market growth.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of luxury vinyl tile flooring was exceeded USD 26.1 billion in 2022 and is estimated to reach USD 67.2 billion by the end of 2032.

The rigid segment accounted for over USD 14.7 billion in 2022. Rigid LVT is engineered with a strong, rigid core layer that enhances its durability and resistance to wear, making it well-suited for high-traffic areas in both residential and commercial settings.

U.S. LTV flooring market was worth USD 2.03 billion in 2022 and is anticipated to expand at a significant pace from 2023 to 2032, owing to the LVT's ability to replicate the appearance of natural materials like hardwood and stone while offering enhanced durability and ease of maintenance.

Congoleum Corporation, Beaulieu International Group, Forbo Flooring Systems, Gerflor Group, Karndean Designflooring, Novalis Innovative Flooring, Metroflor Corporation, EarthWerks, LG Hausys America, Inc. among others.