Luxury Vinyl Flooring (LVT) Market Will Reach 8870 Million US$ By The End Of 2025, Growing At A CAGR Of 11.8% During 2019-2025

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Luxury Vinyl Flooring (LVT) Market report includes (6 Year Forecast 2019-2025) includes Overview, classification, industry value, price, cost and gross profit. It also offers in-intensity insight of the Luxury Vinyl Flooring (LVT) industry masking all vital parameters along with, Drivers, Market Trends, Market Dynamics, Opportunities, Competitive Landscape, Price and Gross Margin, Luxury Vinyl Flooring (LVT) market Share via Region, New Challenge Feasibility Evaluation, Analysis and Guidelines on New mission Investment.

The luxury vinyl flooring market is predicted to display impressive growth in the future. Rapid rise in demand for vinyl flooring, mainly available as vinyl tiles is key to the growth of luxury vinyl flooring market.

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Vinyl flooring has leaped tremendously from first ones used in grandmother’s house. Today, vinyl flooring is a beautiful complement to interior of modern homes. Among a range of vinyl flooring products, luxury vinyl tile is developed and engineered for longer years of performance.

Vinyl tiles features exceptional durability as well. Owing to this, vinyl tiles find use in kitchens, bathrooms, and laundry rooms of homes, areas subject to excessive wear and tear.

Featuring this, growth of vinyl flooring market predicted at 11.8% CAGR from 2019 to 2025 is well substantiated.

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.

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.

The global Luxury Vinyl Flooring (LVT) market is valued at 3630 million US$ in 2018 and will reach 8870 million US$ by the end of 2025, growing at a CAGR of 11.8% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Luxury Vinyl Flooring (LVT) market based on company, product type, end user and key regions.

This report studies the global market size of Luxury Vinyl Flooring (LVT) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Luxury Vinyl Flooring (LVT) in these regions.

This research report categorizes the global Luxury Vinyl Flooring (LVT) market by top players/brands, region, type and end user. This report also studies the global Luxury Vinyl Flooring (LVT) market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.

The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Armstrong
Mannington Mills
Tarkett
NOX Corporation
LG Hausys
Congoleum
Mohawk
Shaw
Gerflor
Forbo
Beaulieu
RiL
Metroflor
Milliken
Polyflor
Karndean
Parterre
Snmo LVT
Hailide New Material

Market size by Product
Flexible Luxury Vinyl Tile (LVT)
Rigid Luxury Vinyl Tile (LVT)

Market size by End User
Commercial Use
Residential Use

Market size by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa

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The study objectives of this report are:
To study and analyze the global Luxury Vinyl Flooring (LVT) market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Luxury Vinyl Flooring (LVT) market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Luxury Vinyl Flooring (LVT) companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Luxury Vinyl Flooring (LVT) submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.