Luxury Vinyl Tile Market Size

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Luxury vinyl tile market size.

The report analyses the global luxury vinyl flooring lvt market the market size and growth as well as the major market participants. Luxury vinyl flooring lvt market size 2020 trend and opportunities market share analysis cagr and value chain study business growth to 2025 published. Luxury vinyl tile market scope. The global vinyl flooring market size was estimated at usd 25 6 billion in 2018 and is expected to expand at a cagr of 7 4 from 2019 to 2025.

Figure 17 luxury vinyl tiles lvt flooring market size by end use sector 2019 vs. The luxury vinyl tile flooring market size is expected to be valued at usd 32 0 billion by the end of the forecast period. According to verified market research global luxury vinyl tile lvt market was valued at usd 16 11 billion in 2018 and is projected to reach usd 37 92 billion by 2026 growing at a cagr of 11 23 from 2019 to 2026. Rising demand for low maintenance cost efficient and lightweight construction materials in residential construction is likely to drive the market for vinyl floorings over the forecast period.

The latest survey on global luxury vinyl tile lvt market is conducted covering various organizations of the industry from. From time worn wood to modern marble enjoy nature s diverse beauty in the kitchen bath basement and beyond browse all of our traditional luxury vinyl tile options. Luxury vinyl tile lvt flooring market share size global future prospects key findings industry demand impact of covid 19 on industry regional analysis key players profiles and forecasts to 2025. Summary according to 99strategy the global luxury vinyl flooring lvt market is estimated to reach xxx million usd in 2020 and projected to grow at the cagr of xx during the 2021 2026.

India is projected to be the fastest growing country level market 2019 2024. Inspired by natural stone and hardwood luxury vinyl flooring is scratch and stain and water resistant and built to endure the busiest lifestyles. Resilient flooring saw its share of the market increase primarily due to the low cost of vinyl products resilient flooring is expected to post solid demand growth through 2018 as luxury vinyl tile becomes more popular. 2024 usd million figure 18 regional snapshot.

Luxury vinyl tile lvt market size and forecast.