Luxury Vinyl Flooring LVT Consumption Market | Forecast 2018-2023
In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Luxury Vinyl Flooring LVT market for 2018-2023.
LVT is an acronym for “luxury vinyl tile.” It is a marketing term used by numerous companies to describe their vinyl flooring that is decoratively patterned to emulate the look of natural wood, granite or other types of flooring. There is no exact definition of the term, only generalities. It is not actually a separate category of tiling, simply a way of describing standard vinyl tiling that has been designed to match natural flooring.
Luxury vinyl flooring is well received in the world in recent years, the sale volume of luxury vinyl flooring increased from 101068 K Sq.m. in 2012 to 214142 K Sq.m. in 2017, with an average growth rate of more than 16.22%. North America, Europe and Asia-Pacific are the main consumption regions. USA is the biggest consumption country in the world followed by Korea and Germany. Though China is a populous country, the consumption volume is relatively small compared to Korea in Asia, which also means the huge potential in China market in the future.
Luxury vinyl flooring downstream is wide and the main application fields are residential and commercial use. Globally, residential use accounts for nearly 66.54% of total downstream consumption volume of luxury vinyl flooring in global in 2016.
Over the next five years, Planet Market Reports projects that Luxury Vinyl Flooring LVT will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Vinyl Flooring LVT market by product type, application, key manufacturers and key regions.
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To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Flexible Luxury Vinyl Tile LVT
Rigid Luxury Vinyl Tile LVT
Segmentation by application:
Commercial Use
Residential Use
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Tarkett
Armstrong
Mannington Mills
NOX Corporation
LG Hausys
Congoleum
Mohawk
Gerflor
Forbo
Beaulieu
RiL
Metroflor
Milliken
Polyflor
Karndean
Parterre
Snmo LVT
Hailide New Material
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Luxury Vinyl Flooring LVT consumption value & volume by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Luxury Vinyl Flooring LVT market by identifying its various subsegments.
Focuses on the key global Luxury Vinyl Flooring LVT manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Luxury Vinyl Flooring LVT with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Luxury Vinyl Flooring LVT submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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