Luxury Vinyl Floor Tile Market
Luxury Vinyl Floor Tile Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Luxury Vinyl Floor Tile Market Size and Growth
The luxury vinyl floor tile market is experiencing robust growth, driven by increasing consumer demand for stylish, durable flooring solutions. The global market size is projected to reach approximately $18 billion by 2027, reflecting a compound annual growth rate (CAGR) of around 6%. Market conditions favor innovation and sustainability initiatives.
Companies Covered
(Covid 19 Impact Covered)
◍ Tarkett
◍ Armstrong
◍ Mannington Mills
◍ NOX Corporation
◍ LG Hausys
◍ Congoleum
◍ Mohawk
◍ Gerflor
◍ Forbo
◍ Beaulieu
◍ RiL
◍ Metroflor
◍ Milliken
◍ Polyflor
◍ Karndean
◍ Parterre
◍ Snmo LVT
◍ Hailide New Material
The luxury vinyl floor tile market features key players like Tarkett, Armstrong, and Mohawk. Companies innovate with new designs and technologies, driving market growth. They expand distribution and enhance consumer awareness. Sales figures for select companies include:
- Mohawk: $10.4 billion
- Armstrong: $1.4 billion
- Tarkett: €3 billion
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Market Segmentation
By Application
Commercial Use
Residential Use
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By Product
Flexible Luxury Vinyl Tile (LVT)
Rigid Luxury Vinyl Tile (LVT)
Market Growth
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$ X Billion USD
