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Luxury Vinyl Tile Flooring Market Share

Report ID: GMI6693
Published Date: Sep 2023
Report Format: PDF

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Luxury Vinyl Tile Flooring Market Share

Some of the major market players operating in the luxury vinyl tile flooring market are:

Mohawk Industries, Inc.
Shaw Industries Group, Inc.
Tarkett S.A.
Armstrong Flooring, Inc.
Mannington Mills, Inc.
nterface, Inc.
Congoleum Corporation
Beaulieu International Group
Forbo Flooring Systems
Gerflor Group
Karndean Designflooring
Novalis Innovative Flooring
Metroflor Corporation
EarthWerks
LG Hausys America, Inc.

These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of luxury vinyl tile flooring was exceeded USD 26.1 billion in 2022 and is estimated to reach USD 67.2 billion by the end of 2032.

The rigid segment accounted for over USD 14.7 billion in 2022. Rigid LVT is engineered with a strong, rigid core layer that enhances its durability and resistance to wear, making it well-suited for high-traffic areas in both residential and commercial settings.

U.S. LTV flooring market was worth USD 2.03 billion in 2022 and is anticipated to expand at a significant pace from 2023 to 2032, owing to the LVT's ability to replicate the appearance of natural materials like hardwood and stone while offering enhanced durability and ease of maintenance.

Congoleum Corporation, Beaulieu International Group, Forbo Flooring Systems, Gerflor Group, Karndean Designflooring, Novalis Innovative Flooring, Metroflor Corporation, EarthWerks, LG Hausys America, Inc. among others.