Global Luxury Vinyl Tiles (LVT) Flooring Market Research Report 2019-2024 - Rising Demand from Emerging Economies Presents Opportunities

DUBLIN, Aug. 9, 2019 /PRNewswire/ -- The "Luxury Vinyl Tiles (LVT) Flooring Market by Type (Rigid, Flexible), End-Use Sector (Residential, Non-residential), and Region (North America, Asia Pacific, Europe, Middle East & Africa, and South America) - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

The market for luxury vinyl tiles (LVT) is projected to be valued at USD 31.4 billion by 2024.

The study covers the LVT flooring market across various segments. It aims at estimating the market size and the growth potential of this market across different segments, on the basis of type, end-use sector, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the LVT flooring market.

The market for luxury vinyl tiles is growing due to the increase in construction activities, especially in the emerging Asia Pacific and South American regions. This market is projected to witness considerable growth over the next five years. The growth of this market is attributed to the rise in the number of renovation & remodeling activities, increasing population & rapid urbanization, and growing investments in the construction industry. However, the volatile raw material prices and a rise in environmental concerns may inhibit the growth of the market.

On the basis of key regions, the market for luxury vinyl tiles (LVT) flooring is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South America. The Asia Pacific region accounted for the largest share of about 40.9% among all regions in 2018, in terms of volume, owing to the huge construction industry in this region.

The global market for luxury vinyl tiles (LVT) flooring is dominated by large players such as Mohawk Industries (US), Tarkett (France), Forbo (Switzerland), Shaw Industries, Inc. (US), Interface (US), Armstrong Flooring (US), Gerflor (France), The Dixie Group (US), Responsive IndustriesLtd. (India), and Mannington Mills, Inc. (US).

Key Benefits of Buying the Report

The report is projected to help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers of the overall LVT flooring market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market and gain insights to improve the position of their businesses and plan suitable go-to-market strategies. The report also aims at helping stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary
3.1 Introduction
3.2 Luxury Vinyl Tiles (LVT) Flooring Market Scenario

4 Premium Insights
4.1 Attractive Opportunities in the Luxury Vinyl Tiles (LVT) Flooring Market
4.2 Asia Pacific: Luxury Vinyl Tiles (LVT) Flooring Market, By Type and Country
4.3 Luxury Vinyl Tiles (LVT) Flooring Market, By Type
4.4 Luxury Vinyl Tiles (LVT) Flooring Market, By End-Use Sector
4.5 Luxury Vinyl Tiles (LVT) Flooring Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Population & Rapid Urbanization
5.2.1.2 Rise in the Number of Renovation & Remodeling Activities
5.2.1.3 Growing Interest of Consumers Toward Interior Decoration
5.2.2 Restraints
5.2.2.1 Volatile Raw Material Prices
5.2.2.2 Rise in Environmental Concerns
5.2.3 Opportunities
5.2.3.1 Rising Demand From Emerging Economies
5.2.3.2 Growing Investments in the Construction Industry
5.2.4 Challenges
5.2.4.1 Disposal of Waste

6 Luxury Vinyl Tiles (LVT) Flooring Market, By Type
6.1 Introduction
6.1.1 Luxury Vinyl Tiles (LVT) Flooring Market, By Type
6.1.1.1 The Rigid Segment is Projected to Be the Fastest-Growing Segment in the LVT Flooring Market
6.2 Rigid
6.3 Flexible

7 Luxury Vinyl Tiles (LVT) Flooring Market, By End-Use Sector
7.1 Introduction
7.2 Residential
7.3 Non-Residential

8 Luxury Vinyl Tile (LVT) Flooring Market, By Region
8.1 Introduction
8.1.1 Luxury Vinyl Tile (LVT) Flooring Market Size, By Region
8.2 Asia Pacific
8.2.1 China
8.2.1.1 The Chinese Luxury Vinyl Tile (LVT) Flooring Market to Grow at the Second-Highest Rate By 2024
8.2.2 Japan
8.2.2.1 The Non-Residential Segment is Projected to Grow at A HigherRate By 2024
8.2.3 India
8.2.3.1 India is Projected to Witness the Highest Growth in the Asia Pacific Market
8.2.4 Australia
8.2.4.1 Non-Residential Sector in Australia to Drive the Luxury Vinyl Tile (LVT) Flooring Market
8.2.5 South Korea
8.2.5.1 Flexible Luxury Vinyl Tiles to Be Consumed More in the Vietnamese Market
8.2.6 Rest of Asia Pacific
8.2.6.1 Demand for New Construction Projects to Drive the Luxury Vinyl Tile (LVT) Flooring Market in Rest of Asia Pacific
8.3 North America
8.3.1 US
8.3.1.1 The Residential Segment to Witness Higher Consumption in the US By 2024
8.3.2 Canada
8.3.2.1 The Rigid Segment to Grow at A Higher Cagr, in Terms of Both Volume and Value, in Canada
8.3.3 Mexico
8.3.3.1 The Non-Residential Sector to Witness High Growth, in Terms of Volume, in Mexico By 2024
8.4 Europe
8.4.1 Germany
8.4.1.1 The Rigid Segment is Projected to Record A Higher Growth in Germany
8.4.2 UK
8.4.2.1 The Residential Segment in the UK is Projected to Witness A Higher Demand for LVT Flooring Solutions By 2024
8.4.3 France
8.4.3.1 The Rigid Segment is Projected to Grow at A Higher Rate in France
8.4.4 Italy
8.4.4.1 The Non-Residential Segment is Projected to Witness Higher Growth During the Forecast Period
8.4.5 Russia
8.4.5.1 The Residential Segment Accounted for the Largest Share in the Russian Market in 2018
8.4.6 Spain
8.4.6.1 The Flexible Segment Accounted for the Largest Share in Spain in 2018
8.4.7 Rest of Europe
8.4.7.1 The Rigid Segment is Projected to Record A Higher Growth in the Rest of Europe Market By 2024
8.5 Middle East & Africa
8.5.1 UAE
8.5.1.1 The Flexible Segment is Projected to Be the Fastest-Growing Luxury Vinyl Tile (LVT) Type in the UAE, in Terms of Value
8.5.2 Saudi Arabia
8.5.2.1 Saudi Arabia to Be the Second-Fastest-Growing Market in the Middle East & Africa, in Terms of Value
8.5.3 South Africa
8.5.3.1 Residential Segment to Lead the South African Luxury Vinyl Tiles (LVT) Flooring Market, in Terms of Value
8.5.4 Turkey
8.5.4.1 Turkey to Be the Second-Largest Market for Luxury Vinyl Tiles (LVT)In the Middle East & Africa
8.5.5 Rest of Middle East & Africa
8.5.5.1 Rest of Middle East & Africa Projected to Have A High Potential for Growth in the Luxury Vinyl Tiles (LVT) Flooring Market
8.6 South America
8.6.1 Brazil
8.6.1.1 Brazil to Account for the Largest Share in the South American Luxury Vinyl Tile (LVT) Flooring Market
8.6.2 Argentina
8.6.2.1 Increase in Investment in Constructions is Projected to Drive the Luxury Vinyl Tile (LVT) Flooring Market in Argentina
8.6.3 Rest of South America
8.6.3.1 Flexible Luxury Vinyl Tiles are Projected to Remain the Larger Consumed Segment LVT Flooring Market in Rest of South America

9 Competitive Landscape
9.1 Overview
9.2 Competitive Scenario
9.2.1 Acquisitions
9.2.2 Expansions & Investments
9.2.3 Partnerships
9.2.4 New Product Launches
9.3 Microquadrant for Luxury Vinyl Tiles (LVT) Flooring Manufacturers
9.4 Luxury Vinyl Tiles (LVT) Flooring Market: Competitive Leadership Mapping, 2018
9.4.1 Strength of Product Portfolio
9.4.2 Business Strategy Excellence

10 Company Profiles
10.1 Mohawk Industries
10.2 Tarkett
10.3 Shaw Industries Group, Inc.
10.4 LG Hausys
10.5 Forbo
10.6 Interface
10.7 Gerflor
10.8 Armstrong Flooring
10.9 Mannington Mills, Inc.
10.10 The Dixie Group, Inc.
10.11 Other Players
10.11.1 James Halstead Plc
10.11.2 Responsive Industries Ltd.
10.11.3 American Biltrite
10.11.4 Milliken & Company
10.11.5 Raskin Industries Llc
10.11.6 Wellmade Performance Floors
10.11.7 Vinylasa
10.11.8 Congoleum
10.11.9 Adore Floors, Inc.
10.11.10 Earthwerks
10.11.11 Parador
10.11.12 Floorfolio Industries
10.11.13 Daejin Co., Ltd
10.11.14 Zhejiang Hailide New Material Co., Ltd
10.11.15 Jiangsu Taide Decoration Materials Co., Ltd

For more information about this report visit https://www.researchandmarkets.com/r/82opru

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