- call +1-201-465-4211
- email sales@mrinsights.biz
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.
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.
According to our research and analysis, manufacturers from USA and Europe are the major leaders in the international market of LVT flooring. Armstrong, Mannington Mills, Tarkett, Congoleum, Mohawk, and Metroflor are all famous companies in the world, Tarkett is the biggest manufacturer in the world with sale volume of 26116 K Sq.m in 2017.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, LVT flooring consumption will show a trend of steady growth. In 2024, the consumption of LVT Flooring is estimated to be 507008 K Sq.m.
According to this study, over the next five years the LVT Flooring market will register a 10.9% CAGR in terms of revenue, the global market size will reach US$ 6868.6 million by 2024, from US$ 4096 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in LVT Flooring business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of LVT Flooring market by product type, application, key manufacturers and key regions and countries.
This study considers the LVT Flooring 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 LVT Flooring
Rigid LVT Flooring
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.
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
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 LVT Flooring 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 LVT Flooring market by identifying its various subsegments.
Focuses on the key global LVT Flooring 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 LVT Flooring 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 LVT Flooring 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.
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
Table of Contents
2019-2024 Global LVT Flooring Consumption Market Report
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global LVT Flooring Consumption 2014-2024
2.1.2 LVT Flooring Consumption CAGR by Region
2.2 LVT Flooring Segment by Type
2.2.1 Flexible LVT Flooring
2.2.2 Rigid LVT Flooring
2.3 LVT Flooring Consumption by Type
2.3.1 Global LVT Flooring Consumption Market Share by Type (2014-2019)
2.3.2 Global LVT Flooring Revenue and Market Share by Type (2014-2019)
2.3.3 Global LVT Flooring Sale Price by Type (2014-2019)
2.4 LVT Flooring Segment by Application
2.4.1 Commercial Use
2.4.2 Residential Use
2.5 LVT Flooring Consumption by Application
2.5.1 Global LVT Flooring Consumption Market Share by Application (2014-2019)
2.5.2 Global LVT Flooring Value and Market Share by Application (2014-2019)
2.5.3 Global LVT Flooring Sale Price by Application (2014-2019)
3 Global LVT Flooring by Manufacturers
3.1 Global LVT Flooring Sales Market Share by Manufacturers
3.1.1 Global LVT Flooring Sales by Manufacturers (2017-2019)
3.1.2 Global LVT Flooring Sales Market Share by Manufacturers (2017-2019)
3.2 Global LVT Flooring Revenue Market Share by Manufacturers
3.2.1 Global LVT Flooring Revenue by Manufacturers (2017-2019)
3.2.2 Global LVT Flooring Revenue Market Share by Manufacturers (2017-2019)
3.3 Global LVT Flooring Sale Price by Manufacturers
3.4 Global LVT Flooring Manufacturing Base Distribution, Sales Area, Product Types by Manufacturers
3.4.1 Global LVT Flooring Manufacturing Base Distribution and Sales Area by Manufacturers
3.4.2 Players LVT Flooring Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) (2017-2019)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 LVT Flooring by Regions
4.1 LVT Flooring by Regions
4.1.1 Global LVT Flooring Consumption by Regions
4.1.2 Global LVT Flooring Value by Regions
4.2 Americas LVT Flooring Consumption Growth
4.3 APAC LVT Flooring Consumption Growth
4.4 Europe LVT Flooring Consumption Growth
4.5 Middle East & Africa LVT Flooring Consumption Growth
5 Americas
5.1 Americas LVT Flooring Consumption by Countries
5.1.1 Americas LVT Flooring Consumption by Countries (2014-2019)
5.1.2 Americas LVT Flooring Value by Countries (2014-2019)
5.2 Americas LVT Flooring Consumption by Type
5.3 Americas LVT Flooring Consumption by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries
6 APAC
6.1 APAC LVT Flooring Consumption by Countries
6.1.1 APAC LVT Flooring Consumption by Countries (2014-2019)
6.1.2 APAC LVT Flooring Value by Countries (2014-2019)
6.2 APAC LVT Flooring Consumption by Type
6.3 APAC LVT Flooring Consumption by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries
7 Europe
7.1 Europe LVT Flooring by Countries
7.1.1 Europe LVT Flooring Consumption by Countries (2014-2019)
7.1.2 Europe LVT Flooring Value by Countries (2014-2019)
7.2 Europe LVT Flooring Consumption by Type
7.3 Europe LVT Flooring Consumption by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Spain
7.10 Key Economic Indicators of Few Europe Countries
8 Middle East & Africa
8.1 Middle East & Africa LVT Flooring by Countries
8.1.1 Middle East & Africa LVT Flooring Consumption by Countries (2014-2019)
8.1.2 Middle East & Africa LVT Flooring Value by Countries (2014-2019)
8.2 Middle East & Africa LVT Flooring Consumption by Type
8.3 Middle East & Africa LVT Flooring Consumption by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers and Impact
9.1.1 Growing Demand from Key Regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Market Challenges and Impact
9.3 Market Trends
10 Marketing, Distributors and Customer
10.1 Sales Channel
10.1.1 Direct Channels
10.1.2 Indirect Channels
10.2 LVT Flooring Distributors
10.3 LVT Flooring Customer
11 Global LVT Flooring Market Forecast
11.1 Global LVT Flooring Consumption Forecast (2019-2024)
11.2 Global LVT Flooring Forecast by Regions
11.2.1 Global LVT Flooring Forecast by Regions (2019-2024)
11.2.2 Global LVT Flooring Value Forecast by Regions (2019-2024)
11.2.3 Americas Consumption Forecast
11.2.4 APAC Consumption Forecast
11.2.5 Europe Consumption Forecast
11.2.6 Middle East & Africa Consumption Forecast
11.3 Americas Forecast by Countries
11.3.1 United States Market Forecast
11.3.2 Canada Market Forecast
11.3.3 Mexico Market Forecast
11.3.4 Brazil Market Forecast
11.4 APAC Forecast by Countries
11.4.1 China Market Forecast
11.4.2 Japan Market Forecast
11.4.3 Korea Market Forecast
11.4.4 Southeast Asia Market Forecast
11.4.5 India Market Forecast
11.4.6 Australia Market Forecast
11.5 Europe Forecast by Countries
11.5.1 Germany Market Forecast
11.5.2 France Market Forecast
11.5.3 UK Market Forecast
11.5.4 Italy Market Forecast
11.5.5 Russia Market Forecast
11.5.6 Spain Market Forecast
11.6 Middle East & Africa Forecast by Countries
11.6.1 Egypt Market Forecast
11.6.2 South Africa Market Forecast
11.6.3 Israel Market Forecast
11.6.4 Turkey Market Forecast
11.6.5 GCC Countries Market Forecast
11.7 Global LVT Flooring Forecast by Type
11.8 Global LVT Flooring Forecast by Application
12 Key Players Analysis
12.1 Armstrong
12.1.1 Company Details
12.1.2 LVT Flooring Product Offered
12.1.3 Armstrong LVT Flooring Sales, Revenue, Price and Gross Margin (2017-2019)
12.1.4 Main Business Overview
12.1.5 Armstrong News
12.2 Mannington Mills
12.2.1 Company Details
12.2.2 LVT Flooring Product Offered
12.2.3 Mannington Mills LVT Flooring Sales, Revenue, Price and Gross Margin (2017-2019)
12.2.4 Main Business Overview
12.2.5 Mannington Mills News
12.3 Tarkett
12.3.1 Company Details
12.3.2 LVT Flooring Product Offered
12.3.3 Tarkett LVT Flooring Sales, Revenue, Price and Gross Margin (2017-2019)
12.3.4 Main Business Overview
12.3.5 Tarkett News
12.4 NOX Corporation
12.4.1 Company Details
12.4.2 LVT Flooring Product Offered
12.4.3 NOX Corporation LVT Flooring Sales, Revenue, Price and Gross Margin (2017-2019)
12.4.4 Main Business Overview
12.4.5 NOX Corporation News
12.5 LG Hausys
12.5.1 Company Details
12.5.2 LVT Flooring Product Offered
12.5.3 LG Hausys LVT Flooring Sales, Revenue, Price and Gross Margin (2017-2019)
12.5.4 Main Business Overview
12.5.5 LG Hausys News
12.6 Congoleum
12.6.1 Company Details
12.6.2 LVT Flooring Product Offered
12.6.3 Congoleum LVT Flooring Sales, Revenue, Price and Gross Margin (2017-2019)
12.6.4 Main Business Overview
12.6.5 Congoleum News
12.7 Mohawk
12.7.1 Company Details
12.7.2 LVT Flooring Product Offered
12.7.3 Mohawk LVT Flooring Sales, Revenue, Price and Gross Margin (2017-2019)
12.7.4 Main Business Overview
12.7.5 Mohawk News
12.8 Shaw
12.8.1 Company Details
12.8.2 LVT Flooring Product Offered
12.8.3 Shaw LVT Flooring Sales, Revenue, Price and Gross Margin (2017-2019)
12.8.4 Main Business Overview
12.8.5 Shaw News
12.9 Gerflor
12.9.1 Company Details
12.9.2 LVT Flooring Product Offered
12.9.3 Gerflor LVT Flooring Sales, Revenue, Price and Gross Margin (2017-2019)
12.9.4 Main Business Overview
12.9.5 Gerflor News
12.10 Forbo
12.10.1 Company Details
12.10.2 LVT Flooring Product Offered
12.10.3 Forbo LVT Flooring Sales, Revenue, Price and Gross Margin (2017-2019)
12.10.4 Main Business Overview
12.10.5 Forbo News
12.11 Beaulieu
12.12 RiL
12.13 Metroflor
12.14 Milliken
12.15 Polyflor
12.16 Karndean
12.17 Parterre
12.18 Snmo LVT
12.19 Hailide New Material
13 Research Findings and Conclusion
List of Tables and Figures
Figure Picture of LVT Flooring
Table Product Specifications of LVT Flooring
Figure LVT Flooring Report Years Considered
Figure Market Research
ProactiveWe manage our resources 24/7 to identify issues and address them before they become problems
Quality & ReliabilityWe are committed to providing reliable and highly accurate data with an excellent quality control system
Global Outreach6 Major regions and 40+ countries level analysis accomplished
Competitive PricingOur pricing strategy is highly competitive in the market, without compensating on the quality and the timeline of project delivery
