Global luxury vinyl tile market is expected to witness 10.0% CAGR during the forecast period, it is expected to be valued at USD 32.0 billion by the end of the forecast period.
The Global Luxury Vinyl Tile Market is expected to witness sustainable growth during the forecast period owing to the growing construction industry and the rising standard of living of consumers. Various reforms and regulations introduced by developing nations for boosting the infrastructure and real estate industries drive the growth of the global luxury vinyl tiles market. Moreover, an increase in reconstruction and remodeling of houses, due to change in the preference of consumers add to the market growth. However, fluctuating raw material prices and the rise in environmental concerns might hamper the market growth as it is made from hazardous consumer materials. Rising consumer demand for luxury vinyl tiles from emerging economies is an opportunity for the market players.
Key Players
The prominent players in the global luxury vinyl tiles market are Interface, Inc. (US), Tarkett (France), Gerflor (France), Shaw Industries Group, Inc., (US), Mannington Mills, Inc. (US), Armstrong Flooring, Inc. (US), James Halstead plc (UK), Mohawk Industries (US), and Forbo Group (Switzerland).
Vinylasa (Mexico), The Dixie Group, Inc. (US), Adore Floors, Inc. (US), American Biltrite (Canada) Ltd. (Canada), Milliken & Company (US), and Responsive Industries Limited (India) are some other key players operating in the global luxury vinyl tiles market.
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Asia-Pacific to dominate the global luxury vinyl tiles market during the forecast period
On the basis of region, the global luxury vinyl tiles market is segmented as North America, Asia-Pacific, Europe, and the rest of the world. Asia-Pacific dominated the global market, followed by North America, primarily due to the growth in construction industry, mainly in China and India. Moreover, the increasing FDI inflow into the construction industry leading to the growth of the construction industry in Asia-Pacific is expected to drive the growth of the Asia-Pacific market. The increasing real estate investment and growing number of Special Economic Zones (SEZ) in developing countries, mainly in India, are the other major factors driving the market growth in Asia-Pacific
North America has witnessed significant growth in the construction industry, owing to the increased home improvement and renovation projects in the region. As per the US Census Bureau data, the total annual value of private construction in the US is USD 992,528 million in 2018, USD 539,800 million of which is for residential construction. The high growth in the construction industry in the North America, drives the North America luxury vinyl tiles market during the forecast period. Moreover, the US is home for the key companies operating in the market such as Mohawk Industries, Shaw Industries Group, Inc., Interface, Inc., Armstrong Flooring, Inc., and Mannington Mills, Inc.
The flexible segment is set to occupy a large share of the global luxury vinyl tiles market
The global market is segmented on the basis of type as flexible and rigid. The flexible segment is expected to witness high growth during the forecast period. Flexible luxury vinyl tiles is budget-friendly, and also having properties such as durability and flexibility, which is expected to drive the growth of this segment.
The non-residential segment is set to occupy a large share of the global luxury vinyl tiles market
The global luxury vinyl tiles market is segmented on the basis of application as residential and non-residential. The non-residential segment is poised to witness high growth rate during the forecast period. This can be attributed to the high investment inflow in the construction industry, mainly for the construction of offices, malls, hospitals, schools, and other infrastructure.
Scope of the Report
This study provides an overview of the global luxury vinyl tiles market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global luxury vinyl tiles market by type, application, and region.
- By Type
- Rigid
- Flexible
- By Application
- Residential
- Non-Residential
- By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
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Other Related Market Research Reports:
The Global Rigid Luxury Vinyl Tile Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Rigid Luxury Vinyl Tile Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/26356-rigid-luxury-vinyl-tile-market-reportThe report also covers the complete competitive landscape of the global Rigid Luxury Vinyl Tile market with company profiles of key players such as:TarkettArmstrongMannington MillsNOX CorporationLG HausysCongoleumMohawkGerflorForboBeaulieuRiLMetroflorMillikenPolyflorKarndeanParterreThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By ProductDecorative Luxury Vinyl Flooring (LVT)Functional Luxury Vinyl Flooring (LVT)By ApplicationsCommercial UseResidential UseBy GeographyNorth America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Rigid Luxury Vinyl Tile Market @ https://www.decisiondatabases.com/contact/download-sample-26356The Global Rigid Luxury Vinyl Tile Market has been exhibited in detail in the following chapters –Chapter 1 Rigid Luxury Vinyl Tile Market Preface Chapter 2 Executive SummaryChapter 3 Rigid Luxury Vinyl Tile Industry AnalysisChapter 4 Rigid Luxury Vinyl Tile Market Value Chain AnalysisChapter 5 Rigid Luxury Vinyl Tile Market Analysis By ProductChapter 6 Rigid Luxury Vinyl Tile Market Analysis By ApplicationsChapter 7 Rigid Luxury Vinyl Tile Market Analysis By GeographyChapter 8 Competitive Landscape Of Rigid Luxury Vinyl Tile CompaniesChapter 9 Company Profiles Of Rigid Luxury Vinyl Tile IndustryPurchase the complete Global Rigid Luxury Vinyl Tile Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-26356Other Reports by DecisionDatabases.com:Global Ceramic and Porcelain Tiles Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Ceramic Tiles Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Ceiling Tiles Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
Global Rigid Luxury Vinyl Tile Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Download Free Sample Report of Global Rigid Luxury Vinyl Tile Market @ https://www.decisiondatabases.com/contact/download-sample-26356The report also covers the complete competitive landscape of the global Rigid Luxury Vinyl Tile market with company profiles of key players such as:TarkettArmstrongMannington MillsNOX CorporationLG HausysCongoleumMohawkGerflorForboBeaulieuRiLMetroflorMillikenPolyflorKarndeanParterreThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By ProductDecorative Luxury Vinyl Flooring (LVT)Functional Luxury Vinyl Flooring (LVT)By ApplicationsCommercial UseResidential UseBy GeographyNorth America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaBrowse the complete Global Rigid Luxury Vinyl Tile Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/26356-rigid-luxury-vinyl-tile-market-reportThe Global Rigid Luxury Vinyl Tile Market has been exhibited in detail in the following chapters –Chapter 1 Rigid Luxury Vinyl Tile Market Preface Chapter 2 Executive SummaryChapter 3 Rigid Luxury Vinyl Tile Industry AnalysisChapter 4 Rigid Luxury Vinyl Tile Market Value Chain AnalysisChapter 5 Rigid Luxury Vinyl Tile Market Analysis By ProductChapter 6 Rigid Luxury Vinyl Tile Market Analysis By ApplicationsChapter 7 Rigid Luxury Vinyl Tile Market Analysis By GeographyChapter 8 Competitive Landscape Of Rigid Luxury Vinyl Tile CompaniesChapter 9 Company Profiles Of Rigid Luxury Vinyl Tile Industry Purchase the complete Global Rigid Luxury Vinyl Tile Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-26356Other Reports by DecisionDatabases.com:Global Ceramic and Porcelain Tiles Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Ceramic Tiles Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Ceiling Tiles Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.
The global Luxury Vinyl Tile Market research report 2021 available on DecisionDatabases covers top company players in various countries along with analyzing the market trends and growth rate.
Segment analysis by types and application helps in bifurcating the Luxury Vinyl Tile market and understand each product type.
This report provides information on various market factors such as market size, share, manufacturer's data, growth, and forecast till 2026.The key market players for the global Luxury Vinyl Tile market are listed below:TarkettNovalisMohawkArmstrongForboMannington MillsKarndeanGerflorCongoleumLG HausysMetroflorSnmo LVTShaw IndustriesMillikenNOX CorporationCFL FlooringOthersClick here to get a FREE Sample Copy of the Luxury Vinyl Tile Market Research Report @ https://www.decisiondatabases.com/contact/download-sample-20528The Global Luxury Vinyl Tile Market Report is equipped with market data from 2016 to 2026.
It also evaluates the competitive scenario of the leading players.
The detailed sales channel is also covered in the study.COVID-19 Impact Analysis on Luxury Vinyl Tile MarketThe global pandemic COVID-19 has affected the Luxury Vinyl Tile (LVT) market directly or indirectly.
The impact study on production, supply-demand, and sales provides a holistic approach to the future.Do You Have Any Query Or Report Customization?
