In 2023 the consumption of luxury vinyl flooring (LVT) is estimated to be 510211 K Sq.m

Global market is expected to witness significant growth on account of rising applications, so in the next few years, luxury vinyl flooring (LVT) consumption will show a trend of steady growth. In 2023 the consumption of luxury vinyl flooring (LVT) is estimated to be 510211 K Sq.m.

Publisher: QYResearch

Published Date: 2018/6/5

Luxury vinyl flooring is well received in the world in recent years, the sale volume of luxury vinyl flooring increased from 107491 K Sq.m. in 2012 to 227911 K Sq.m. in 2017, with an average growth rate of more than 13.49%. North America, Europe and Asia-Pacific are the main consumption regions. 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.

Luxury vinyl flooring downstream is wide and the main application fields are residential and commercial use. Globally, residential use accounts for nearly 64.83% of total downstream consumption volume of luxury vinyl flooring in global in 2016.

According to the type, it can be divided into Flexible Luxury Vinyl Tile (LVT) and Rigid Luxury Vinyl Tile (LVT). Flexible Luxury Vinyl Tile (LVT) is the main product, capturing about 67.57% of global consumption of luxury vinyl flooring in 2016.

According to QYR research and analysis, manufacturers from USA and Europe are the major leaders in the international market of luxury vinyl 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 25742 K Sq.m in 2016.

Global market is expected to witness significant growth on account of rising applications, so in the next few years, luxury vinyl flooring (LVT) consumption will show a trend of steady growth. In 2023 the consumption of luxury vinyl flooring (LVT) is estimated to be 510211 K Sq.m.

Click to view the full report: https://www.qyresearch.com/index/detail/157497/global-luxury-vinyl-tile-lvt-market

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