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 2030, the consumption of LVT Flooring is estimated to be 507008 K Sq.m.

The Global LVT Flooring Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global LVT Flooring Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

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 Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Flexible LVT Flooring
Rigid LVT Flooring
In Market segmentation by applications :

Commercial Use
Residential Use

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the LVT Flooring Market for the forecast period 2023 - 2030?
• What are the driving forces in the LVT Flooring Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the LVT Flooring industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.

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