For gorgeous, elevated luxury in the home, the sophistication and timelessness of hardwood flooring is often a first choice among homeowners. In addition to lasting for decades with proper care, homes with wood flooring retain their value better, sell more quickly, and tend to sell for more. But wood flooring has drawbacks. That’s why luxury vinyl flooring is becoming increasingly popular with homeowners.
Note: The data of the manufacturer in this report is based on the data of the terminal brand. At present, a large number of LVT factories are located in China and South Korea. A large number of factories in this region export LVT to the world, but most of them are sold through the trademarks of other companies. Leading players such as Tarkett, Armstrong, Mohawk and Mannington Mills have products made by Chinese players. Therefore, for statistical purposes, the data in this report is based on the final sales brand or the player’s own brand.
According to the new market research report “Global Luxury Vinyl Flooring (LVT) Market Report 2023-2029”, published by QYResearch, the global Luxury Vinyl Flooring (LVT) market size is projected to reach USD 20.24 billion by 2029, at a CAGR of 7.9% during the forecast period.
- Global Luxury Vinyl Flooring (LVT) MarketSize(US$ Million), 2018-2029
Based on or includes research from QYResearch: Global Luxury Vinyl Flooring (LVT) Market Report 2023-2029.
- Global Luxury Vinyl Flooring (LVT) Top16Players Ranking and Market Share（Based on data of 2021, Continually updated）
Based on or includes research from QYResearch: 2021 data information of Global Luxury Vinyl Flooring (LVT) Market Report 2023-2029.
The global key manufacturers of Luxury Vinyl Flooring (LVT) include Tarkett, Armstrong, Mannington Mills, Mohawk, Congoleum, Gerflor, Metroflor, NOX Corporation, Karndean, Shaw Floors, etc. In 2021, the global top five players had a share approximately 18.0% in terms of revenue.
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