Los Angeles, CA -- (SBWIRE) -- 04/22/2019 -- 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 players/brands, region, type and application. This report also studies the global market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels, distributors and Porter's Five Forces Analysis.

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.

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In 2017, the global Luxury Vinyl Flooring (LVT) market size was 3630 million US$ and is forecast to 8870 million US in 2025, growing at a CAGR of 11.8% from 2018. 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, application and key regions.

The various contributors involved in the value chain of Luxury Vinyl Flooring (LVT) include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in the Luxury Vinyl Flooring (LVT) include

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 Split by Type

Flexible Luxury Vinyl Tile (LVT)

Rigid Luxury Vinyl Tile (LVT)

Market Size Split by Application

Commercial Use

Residential Use

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