Luxury Vinyl Tiles (LVT) Flooring Market to offer profitable growth during 2020-25 with a healthy CAGR of 11.5%
March 17, 2020
Luxury Vinyl Tiles (LVT) 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.
The Diverse Stand Points:
The true picture of the market shall not emerge till the time the market is analysed from various point of views. Each vantage point gives better understanding of the market. The market of Luxury Vinyl Tiles Flooring Market has been viewed from various perspectives such as:
- By Flooring Type (Rigid, Flexible)
- By End-Use Type (Residential, Non-residential)
- By Region (North America, Europe, Asia-Pacific, and RoW)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
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Luxury Vinyl Tiles (LVT) Flooring Market Segment Insights:
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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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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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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