Luxury Vinyl Tile and Plank Market
Luxury Vinyl Tile and Plank Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Luxury Vinyl Tile and Plank Market Size and Growth
The Luxury Vinyl Tile and Plank market is experiencing robust growth, driven by increasing consumer demand for durable, aesthetic flooring solutions. The market is valued at approximately $25 billion, with a projected CAGR of around 6% over the next five years, reflecting rising investments in residential and commercial spaces. Request Sample Report
Companies Covered
(Covid 19 Impact Covered)
◍ Armstrong Flooring
◍ Tarkett
◍ Congoleum
◍ Mohawk
◍ Shaw Floors
◍ Forbo
◍ Mannington Mills
◍ Gerflor
◍ Metroflor
◍ Karndean
◍ LG Hausys
◍ Milliken
◍ Novalis
◍ Polyflor
◍ Zhejiang Kingdom
◍ Tianzhen Bamboo Flooring
◍ Zhangjiagang Elegant Plastics
The Luxury Vinyl Tile and Plank market features companies like Armstrong Flooring, Tarkett, and Mohawk, which innovate through design and sustainability. They expand market share via diverse product lines. Notable sales include Mohawk's reported revenue of $11 billion and Tarkett's €3 billion, driving growth in this competitive sector.
◍ Zhejiang GIMIG Technology
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Market Segmentation
By Application
Residential Use
Commercial Use
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By Product
Luxury Vinyl Tiles
Luxury Vinyl Planks
Market Growth
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$ X Billion USD
