PUBLISHER: Lucintel | PRODUCT CODE: 1455933
PUBLISHER: Lucintel | PRODUCT CODE: 1455933
Luxury Vinyl Tile Trends and Forecast
The future of the global luxury vinyl tile market looks promising with opportunities in the residential and non-residential markets. The global luxury vinyl tile market is expected to reach an estimated $31.5 billion by 2030 with a CAGR of 10.8% from 2024 to 2030. The major drivers for this market are increasing residential and commercial construction activities worldwide and growing demand for aesthetically pleasing and durable flooring solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Luxury Vinyl Tile by Segment
The study includes a forecast for the global luxury vinyl tile by type, application, and region.
List of Luxury Vinyl Tile Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies luxury vinyl tile companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the luxury vinyl tile companies profiled in this report include-
Luxury Vinyl Tile Market Insights
Lucintel forecasts that rigid will remain the larger segment over the forecast period due to its robustness and resistance to water.
Within this market, residential will remain the larger segment due to substantial usage of luxury vinyl tile in this space given to its resilience to water, longevity, and ease of upkeep.
North America will remain the largest region over the forecast period due to increasing number of fashionable apartment buildings in the region.
Features of the Global Luxury Vinyl Tile Market
Market Size Estimates: Luxury vinyl tile market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Luxury vinyl tile market size by type, application, and region in terms of value ($B).
Regional Analysis: Luxury vinyl tile market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the luxury vinyl tile market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the luxury vinyl tile market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the luxury vinyl tile market size?
Answer: The global luxury vinyl tile market is expected to reach an estimated $31.5 billion by 2030.
Q2. What is the growth forecast for luxury vinyl tile market?
Answer: The global luxury vinyl tile market is expected to grow with a CAGR of 10.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the luxury vinyl tile market?
Answer: The major drivers for this market are increasing residential and commercial construction activities worldwide and growing demand for aesthetically pleasing and durable flooring solutions.
Q4. What are the major segments for luxury vinyl tile market?
Answer: The future of the luxury vinyl tile market looks promising with opportunities in the residential and non-residential markets.
Q5. Who are the key luxury vinyl tile market companies?
Answer: Some of the key luxury vinyl tile companies are as follows:
Q6. Which luxury vinyl tile market segment will be the largest in future?
Answer: Lucintel forecasts that rigid will remain the larger segment over the forecast period due to its robustness and resistance to water.
Q7. In luxury vinyl tile market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing number of fashionable apartment buildings in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.