The global Luxury Vinyl Flooring (LVT) market was valued at 349.33 Million USD in 2021 and will grow with a CAGR of 12.2% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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.

By Market Verdors:

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

By Types:

Flexible Luxury Vinyl Tile (LVT)

Rigid Luxury Vinyl Tile (LVT)

By Applications:

Commercial Use

Residential Use

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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