Global Luxury Vinyl Tile (LVT) Market Growth 2019-2024

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.
Luxury vinyl flooring downstream is wide and the main application fields are residential and commercial use. Globally, residential use accounts for nearly 64.83% of total downstream consumption volume of luxury vinyl flooring in global in 2016.
According to the type, it can be divided into Flexible Luxury Vinyl Tile (LVT) and Rigid Luxury Vinyl Tile (LVT). Flexible Luxury Vinyl Tile (LVT) is the main product, capturing about 67.57% of global consumption of luxury vinyl flooring in 2016.

According to this study, over the next five years the Luxury Vinyl Tile (LVT) market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Luxury Vinyl Tile (LVT) business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Vinyl Tile (LVT) market by product type, application, key manufacturers and key regions and countries.

This study considers the Luxury Vinyl Tile (LVT) value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Flexible Luxury Vinyl Tile (LVT)
Rigid Luxury Vinyl Tile (LVT)
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Commercial Use
Residential Use

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Tarkett
Armstrong
Mannington Mills
NOX Corporation
LG Hausys
Congoleum
Mohawk
Gerflor
Forbo
Beaulieu
RiL
Metroflor
Milliken
Polyflor
Karndean
Parterre
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.

Research objectives
To study and analyze the global Luxury Vinyl Tile (LVT) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Luxury Vinyl Tile (LVT) market by identifying its various subsegments.
Focuses on the key global Luxury Vinyl Tile (LVT) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Luxury Vinyl Tile (LVT) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Luxury Vinyl Tile (LVT) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.