Luxury Vinyl Tiles (LVT) Flooring Market to offer a healthy CAGR of 11.5%
February 14, 2020
Luxury Vinyl Tiles Flooring Market Overview:
Luxury vinyl tiles (LVT) flooring market is likely to witness an excellent CAGR of 11.5% during the forecast period. The high growth of the construction industry across regions is estimated to propel the market growth. Factors such as the mounting residential and non-residential construction, remodeling & maintenance activities, the high durability and enhanced aesthetic appearance of the LVTs are likely to underpin the demand for LVT flooring during the forecast period.
Report Overview:
This report, form Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Luxury Vinyl Tiles Flooring Market Segment Insights:
The flexible segment: The growth engine
Based on the flooring type, the market is segmented as rigid and flexible. The flexible segment held the larger share in 2019, and is estimated to be the faster-growing segment of the market during the forecast period. The segment is also likely to remain dominant in the coming years owing to its various properties, such as cost effectiveness, improved aesthetic appearance, and durability.
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https://www.stratviewresearch.com/toc/674/luxury-vinyl-tiles-flooring-market.html
Dominance of: The non-residential segment
Based on the end-use sector type, the luxury vinyl tiles (LVT) flooring market is segmented as residential and non-residential. The non-residential segment leads the market owing to rising construction & renovation of offices, supermarkets, hypermarkets, hospitals, and institutions seeking for low maintenance and aesthetically sound tiles, which is leading the market growth of luxury vinyl tiles flooring globally.
A highly/moderately/fragment consolidated Market
Some of the major luxury vinyl tiles (LVT) flooring manufacturers are Mohawk Industries, Tarkett, Forbo, Shaw Industries, Inc., Interface, Armstrong Flooring, and Gerflor.
Regional Hegemony of Asia-Pacific
Asia-Pacific is estimated to be the largest as well as fastest growing luxury vinyl tiles (LVT) flooring market during the forecast period, owing to huge investment and large number of construction activities in the infrastructural sector and presence of a large number of manufactures in the region.
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